Business In The News South Africa

Gigaba says government committed to playing hardball on State Capture

Ayanda Mdluli JOHANNESBURG- Malusi Gigaba, the minister of finance in SA said government has demonstrated its resolve to confront allegations of state capture and corruption through the judicial commission of inquiry and the investigations being conducted by the Hawks, Asset Forfeiture Unit and other agencies. Delivering his budget speech in parliament on Wednesday, Gigaba said government […]

Lead South Africa

ANC announces new NEC as, 54th National Conference wraps up

JOHANNESBURG, December 21 – Former treasurer-general of the African National Congress (ANC), Zweli Mkhize, tops the list of South Africa’s ruling party’s 80-member National Executive Committee (NEC) – the highest decision-making body. Mkhize, who shockingly withdrew from the party leadership race on Sunday for the sake of “unity”, made a strong comeback. Announcing the results in the early hours […]

In The News South Africa

Minister Brown names New Eskom board

JOHANNESBURG, December 8 – The department of public enterprises on Friday, announced that Cabinet approved the new board of South Africa’s state-owned power utility Eskom on a three-year term, retaining seven of the interim members and two new members. “Cabinet has approved a new Board for Eskom on a three-year term subject to an annual review, and expressed […]

In The News South Africa

Senior Treasury official Sachs to join Gauteng govt

JOHANNESBURG, November 18 – Senior South African National Treasury official Michael Sachs, who resigned earlier this month, is set to join the Gauteng Provincial Government. In a statement on Saturday, the Gauteng Provincial Government said provincial Premier David Makhura has requested Finance Minister Malusi Gigaba to facilitate the lateral transfer of Sachs, the Deputy Director […]