Business South Africa

North West province head warns racial inequalities could lead to instability

MAHIKENG, November 30 – South Africa’s North West province premier Supra Mahumapelo has said he wants the black majority to control the economy, warning that continued racial inequalities could stir social instability. Speaking at an economic forum late on Wednesday, Mahumapelo bemoaned the fact that while black people constituted 97 percent of the province’s population, the […]

Business In The News South Africa

South Africa’s central bank accuses public protector of abusing power

JOHANNESBURG, November 28 – South Africa’s central bank has accused Public Protector Busisiwe Mkhwebane of abusing her power in a legal battle over a report she wrote condemning its handling of a 1980s-1990s bailout. Earlier this year, Mkhwebane said in a report the country’s then government and the South African Reserve Bank (SARB) failed to recover an […]

Business In The News South Africa

Moyane sets the record straight on Makwakwa’s reappointment at Sars

JOHANNESBURG, November 28 – South African Revenue Services (Sars) Commissioner Tom Moyane on Monday, set the record straight and addressed the “blatant misrepresentation of facts” regarding Jonas Makwakwa’s reappointment as chief officer for business and individual taxes. “Sars finds it necessary to address the unsubstantiated tone and the blatant misrepresentation of facts. In fact, this […]