Lead South Africa

Ramaphosa to right NPA and SARS ships

PARLIAMENT, February 16 – The National Prosecuting Authority (NPA) and the South African Revenue Service (SARS) are set to come under the microscope as President Cyril Ramaphosa attempts to clean house in 2018.   Speaking in Parliament during his first state-of-the-nation address on Friday night, Ramaphosa committed to tackle corruption in the public and private […]

Business Lead South Africa

Cosatu’s u-turn on state bailouts

JOHANNESBURG, February 6 – A few months after warning Finance Minister Malusi Gigaba not to dip into the government pension fund to rescue struggling state enterprises, the Congress of SA Trade Unions (Cosatu) said on Monday it “grudgingly supports” the R5 billion Eskom bailout by the Public Investment Corporation (PIC). “We understand the role of […]

Business In The News South Africa

Viceroy report into Capitec an attempt to downgrade SA banking sector – Sanco

CAPE TOWN, January 30- The South African National Civic Organisation (Sanco) on Tuesday said United State-based research group Viceroy’s report into Capitec Bank was an attempt to downgrade SA’s financial and banking sector and to undermine an economy that is on the rebound post the African National Congress (ANC) conference which elected Cyril Ramaphosa as […]

Business In The News South Africa

Reserve Bank Governor Kganyago’s election as IMFC chair welcomed

JOHANNESBURG, January 19 – The Finance Minister, Malusi Gigaba, on Thursday, announced that SA Reserve Bank (Sarb) Governor, Lesetja Kganyago, was selected as chairman of the International Monetary and Financial Committee (IMFC). Kganyago, who is also South Africa’s Alternate Governor on the International Monetary Fund (IMF) Board of Governors, would chair for a three-year term, […]

Business In The News South Africa

Public Servants Association pushes against raid of government employees pensions

JOHANNESBURG, December 6 – The Public Servants Association (PSA) on Wednesday, said that it would continue with it’s court action to secure control over public servants’ pension investments following the alleged failure by Finance Minister Malusi Gigaba to respond to the union’s demands. The PSA said that Gigaba had failed to respond to its letters in […]

In The News South Africa

No contradiction in nuclear deal statements – Gigaba

DURBAN– There were no contradictions in statements made by Treasury and energy minister David Mahlobo regarding the country’s contentious nuclear procurement deal, according to finance minister Malusi Gigaba, speaking at a business breakfast in Umhlanga on Tuesday morning, just a week after tabling his mid-term budget.   “At times when people speak, you don’t get the detail that […]