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 […]

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 […]

Business In The News South Africa

#MTBPS2017: SA Chamber of Commerce calls on Gigaba to restore business confidence

JOHANNESBURG, October 24 – The South African Chamber of Commerce and Industry (SACCI) on Monday urged finance minister Malusi Gigaba to issue a Policy statement that will restore confidence to the business environment and the market in general.   Gigaba will deliver his inaugural Medium Term Budget Policy Statement (MTBPS) on Wednesday, setting out the fiscal policy […]

Business In The News South Africa

Taxes, bailouts and political instability: Gigaba delivers inaugural MTBPS

JOHANNESBURG, October 23 – All eyes will be fixed on South African Finance Minister Malusi Gigaba this week when he delivers his first Medium-Term Budget Policy Statement (MTBPS) amid concerns about the fiscal challenges, widespread perceptions of government corruption and wasteful expenditure.   Gigaba, who took over the reigns of National Treasury following the controversial firing […]