In The News South Africa

Gordhan says EFF charges against him is an abuse of the justice system

CAPE TOWN, November 27  – Public Enterprises Minister Pravin Gordhan on Tuesday dismissed the Economic Freedom Fighters’ corruption charges against him as an abuse of the justice system and an attack on efforts to combat graft and state capture at state-owned companies. “Their so-called ‘charge sheet’ is baseless, containing a set of lies, fake news and fabrications,” […]

Business In The News South Africa

#MTBPS2018: Hands off SA reserve bank, says Mboweni

PARLIAMENT, October 24 – Finance Minister Tito Mboweni on Wednesday pleaded with detractors to stop attacking the independence of the SA Reserve Bank (Sarb). During his maiden medium-term budget policy statement (MTBPS) in Parliament on Wednesday, Mboweni reiterated section 224 (2) of the South African Constitution which guaranteed the independence of the central bank, and […]

Business In The News South Africa

Nationalising South Africa’s central bank would hurt its transparency – free market think tank

JOHANNESBURG, July 4- The proposed nationalisation of South Africa’s central bank would cut out private shareholders whose involvement helps ensure greater openness and provides transparency to the operations and auditing of the institution, think tank Free Market Foundation (FMF) said on Wednesday. Both the governing African National Congress and the opposition Economic Freedom Fighters have called […]