RMB CEO James Formby has commended government for finally taking the steps needed to tackle persistent power outages - but noted that it was an opportune time to capitalise on the move by taking further action on South Africa’s biggest economic challenges.
Following the announcement by the Honourable Minister of Public Enterprises, Pravin Gordhan, the Takatso Consortium has expressed its delight and commitment in being selected as the Preferred Strategic Equity Partner (SEP) for South African Airways (SAA), it said in a statement this morning.
Fake news has been rampant especially during this lockdown period, and the longer lockdowns (in various forms continue), the more intense fake news is likely to become. However, it is not only false information that is dangerous. The most damage is caused when information is used out of context and inflated to promote a specific agenda. In the world of investment this easily leads people to make the wrong decisions.
By Terence Gregory, CEO Ecsponent Limited On Tuesday, China pledged to invest $14.7bn in South Africa and grant loans to Eskom and SAA. While this investment brings the country closer to President Ramaphosa’s target to raise US$ 100 billion in foreign direct investment, some argue that China’s intentions are not what they seem. It is said...
In an economy that is becoming increasingly accustomed to strained trading conditions, many business owners are entering into cash flow struggles and finding themselves grappling with how to save a troubled company, or whether this is even a possibility.
by Johann Els – Senior Economist at Old Mutual Investment Group. Minister Gigaba’s first Medium-Term Budget Policy Statement missed the mark completely, raising the deficit and debt targets substantially without a plan to bring them back over the medium-term expenditure framework.
The Medium Term Budget Policy Statement (MTBPS), presented in Parliament by Finance Minister Malusi Gigaba, paints a bleak picture: the expenditure ceiling has been breached, there is no primary surplus and debt and guarantees combined are above 60% of GDP. Not only is the market likely to hate it, but Standard & Poor’s may well downgrade...
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