Business In The News South Africa

Numsa slams Mboweni’s appointment as “doom for workers”

JOHANNESBURG, October 11 – The National Union of Metalworkers of South Africa (Numsa) said on Thursday it was disappointed by the  appointment of former central bank governor Tito Mboweni as new finance minister, saying that it spelt doom for workers. President Cyril Ramaphosa on Tuesday announced Mboweni as the new finance minister after Nhlanhla Nene resigned […]

In The News South Africa

Ramaphosa must testify before “state capture” commission – Maimane

JOHANNESBURG, October 10 – President Cyril Ramaphosa must present himself before the commission probing “state capture” in which senior government officials and executives at state companies have been implicated, main opposition Democratic Alliance leader Mmusi Maimane said on Wednesday. Maimane said recent developments in the Zondo Commission of Inquiry had shown that the capture of […]

Business In The News South Africa

Mixed reaction to Mboweni appointment as SA finance minister

JOHANNESBURG, October 10 – The appointment of Tito Mboweni as South Africa’s new finance minister triggered a mixed reaction on Wednesday, with one political party welcoming his previous experience in government and at the central bank, while another said his views on the economy may not be as “market friendly” as first assumed. President Cyril Ramaphosa […]

Business In The News South Africa

Black Business Council says Mboweni is right person to steer SA out of the financial challenges

JOHANNESBURG, October 10 – The Black Business Council (BBC) has welcomed the appointment of former Reserve Bank governor, Tito Mboweni as the new finance minister, saying that he was the right candidate to steer South Africa out of financial challenges. President Cyril Ramaphosa announced  on Tuesday that he had accepted Nhlanhla Nene’s letter of resignation “in the interests […]