In The News South Africa

Ramaphosa shares proposed stimulus package with business, labour

JOHANNESBURG, September 17 – President Cyril Ramaphosa has shared an outline of the economic stimulus package adopted by Cabinet to spark economic activity and secure confidence in sectors affected by regulatory uncertainty with South Africa’s business and labour leaders, a statement from his office late on Sunday said. The Presidency said Ramaphosa presented highlights of the […]

In The News South Africa

Banking Association welcomes Mogajane’s appointment as Treasury DG

JOHANNESBURG, June 8 – The Banking Association of South Africa (BASA) has welcomed the appointment of Dondo Mogajane as National Treasury’s new director general, saying that it was a step in the right direction that would boost investor confidence. National Treasury announced Mogajane on Wednesday as its new director-general after Cabinet confirmed his appointment. In a […]

In The News South Africa

Cabinet expresses concern about Gupta leaks

CAPE TOWN, June 8 – Cabinet on Thursday expressed concern about the alleged wrongdoing revealed by the so-called Gupta leaks but said all ministers and officials implicated remained innocent until proven otherwise. “Cabinet has noted with serious concern the media reports on the ‘leaked emails’ that are purported to implicate ministers, officials and private individuals […]

Lead South Africa

Cabinet says Gigaba has no intention of changing fiscal policy implemented under Gordhan

PARLIAMENT – Finance Minister Malusi Gigaba has no intention of changing South Africa’s economic policy – this is the message that will be conveyed to representatives of ratings agencies expected to visit the country over the next few months. Briefing journalists on Thursday following cabinet’s fortnightly meeting, Communications Minister Ayanda Dlodlo said extensive discussion were […]

In The News South Africa

Gigaba has shown SA will stick to fiscal discipline – Cabinet

CAPE TOWN – South African Finance Minister Malusi Gigaba’s interaction with investors and the global finance community has shown that government would stick to the course of fiscal discipline and consolidation charted by his predecessor, Cabinet said on Friday. “These engagements underscored that government’s policy orientation towards prudent fiscal discipline and stringent fiscal consolidation as […]

In The News South Africa

Communists lash out at Zuma and divulge confidential discussion points

JOHANNESBURG  – The SA Communist Party (SACP) on Wednesday confirmed that President Jacob Zuma plans to replace Finance Minister Pravin Gordhan. SACP deputy secretary Solly Mapaila said his party decided to divulge confidential discussions held with Zuma and other top leaders because of “selective and factional leaking of discussions” to the media. “The SACP wishes […]