B2B Central

SAA

21 Jun 2021

After Eskom & SAA, RMB CEO urges government to grasp nettle of further reforms

By Staff Writer

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.

11 Jun 2021

Takatso Consortium and SA government partner to relaunch SAA

By Staff Writer

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.
03 Feb 2021

Beware of sensational news

By Staff Writer

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.
05 Mar 2020

February market review: Fears about the coronavirus

By Janice Roberts

February kicked off with ill-boding, as international investors erased $393 billion from China's benchmark stock index and dumped commodities on fears about the coronavirus and its economic impact.
20 Feb 2019

BUDGET 2019: GDP growth revised down

By Janice Roberts

Finance Minister Tito Mboweni today tabled the 2019 Budget, revising South Africa’s GDP growth forecast for 2019 to 1.5 per cent, from an estimated 1.7 per cent at the time of the 2018 medium-term budget policy statement (MTBPS). 
26 Jul 2018

Africa for Africans (with a little help from China)

By Janice Roberts

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...
07 Nov 2017

When is enough, enough for a failing business?

By Janice Roberts

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.
26 Oct 2017

MTBPS likely to lead to rating downgrades before year end

By Janice Roberts

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.
26 Oct 2017

MTBPS paints bleak picture

By Janice Roberts

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...
25 Oct 2017

Government to sell some Telkom shares: Gigaba

By Janice Roberts

Government will dispose of a portion of its Telkom shares, Finance Minister Malusi Gigaba said today as he delivered his maiden Medium Term Budget Policy Statement speech in parliament.
25 Oct 2017

Public-sector wage bill crowds out other areas of spending

By Janice Roberts

According to the Medium Term Budget Policy Statement (MTBPS), public finances are facing growing strains and risks. “Several years of fiscal restraint have left funding gaps in a number of programmes, reflected in the build-up of unpaid accounts and financial imbalances. Without resolute action and planning to cut wasteful and inefficient spending areas, there is a...
25 Oct 2017

Gigaba: More needs to be done for higher education

By Janice Roberts

The student movement has correctly put the issue of higher education at the centre of the country’s transformation agenda, Minister of Finance, Malusi Gigaba said today as he delivered his Medium Term Budget Policy Statement (MTBPS) speech to parliament. “We cannot hope to grow and develop without the skills and intellectual capabilities that our universities...

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