B2B Central

SOEs

23 Feb 2022

Budget 2022: Tax hikes unlikely and so is a Basic Income Grant

By Staff Writer

Chief Economist at Old Mutual Investment Group Johann Els says he expects a market-friendly budget, one that will be even better than the Medium Term Budget Policy Statement.
22 Feb 2022

Economic and policy reform remains crucial to avoid dire long-term local growth prospects, says Old Mutual Investment Group

By Staff Writer

Old Mutual Investment Group expects South Africa’s GDP to print at a condensed 2.3% in 2022 as the Covid-19 bounce subsides, with the rand stable at R14.90 by year-end.
30 Apr 2021

Defending cadre deployment will keep governance of SOEs at risk

By Staff Writer

As long as Government’s cadre deployment policy is defended, governance of South Africa’s state-owned entities (SOEs) will remain vulnerable and at risk, says Dr Simo Lushaba, Facilitator of Director Programs at the Institute of Directors in South Africa (IoDSA).
30 Oct 2019

Eskom’s turn-around plan will not solve the country’s immediate energy crisis 

By Janice Roberts

In the 2019 Medium-Term Budget Policy Statement delivered this afternoon, Minister of Finance Tito Mboweni made it very clear that new cash flow support for the state owned entity (SOE) will no longer be equity, but in the form of loans, and that the appropriate size of debt relief will only be negotiated once he...
30 Oct 2019

'A macabre Medium-Term Budget Policy Statement'

By Janice Roberts

By PwC Strategy& economists Lullu Krugel & Christie Viljoen. Finance Minister Tito Mboweni delivered a macabre Medium-Term Budget Policy Statement (MTBSP) to Parliament on October 30. The MTBPS communicates to government and the people the economic context of the country and fiscal spending priorities over the coming three years. (It does not include detailed spending...
13 Feb 2019

Budget 2019 must articulate practicalities of SONA intent

By Janice Roberts

Dr Binganidzo Muchara of Unisa’s Graduate School of Business Leadership President Cyril Ramaphosa’s State of the Nation Address (SONA) had the theme, “Following up on our commitments. Making your Future Work Better.” In preparing to give the address, President Ramaphosa’s objectives would have been twofold: firstly, to appeal to business and the investment community which...
24 Oct 2018

Has the Medium-Term Budget Policy Statement done enough to appease Moody’s?

By Janice Roberts

Ian Matthews, head of business development and special projects at Bravura, comments on the medium-term budget policy statement (MTBPS) which was issued this afternoon.
21 Oct 2018

Five key issues flagged for the MTBPS

By Janice Roberts

This year’s Medium-Term Budget Policy Statement (MTBPS) promises to be one of the more important in South Africa’s recent history, given the faltering economy, strained fiscal status and ongoing concern regarding the risks of further credit rating downgrades and tax hikes.
07 Aug 2018

Eskom wage hikes unsustainable, says economist

By Janice Roberts

High levels of debt and muted demand for electricity mean that above-inflation wage increases for Eskom workers are simply not sustainable in the long-term, especially if South Africa is to avoid further credit ratings downgrades, warns Citadel Chief Economist Maarten Ackerman.
24 Mar 2018

Moody's confirms South Africa's Baa3 rating and changes the outlook to stable

By Janice Roberts

The author is Zuzana Brixiova, a Moody’s Vice President – Senior Analyst and lead sovereign analyst for South Africa.
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.
29 Jun 2017

Eskom ‘committed to continue delivering on its mandate’

By Janice Roberts

Eskom has assured South Africans that it remains committed to continue delivering on its mandate of providing sustainable power supply during this period of high demand and beyond. The company’s executive committee met for the first time today (Thursday) under the leadership of Interim Group Chief Executive, Johnny Dladla.
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