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 […]

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RET to address inequality and unemployment – Gigaba

Ayanda Mdluli JOHANNESBURG- Malusi Gigaba, the minister of finance delivered his budget speech in Cape Town on Wednesday where he highlighted government would implement Radical Economic Transformation (RET) to address the triple challenges of poverty, inequality and unemployment. “To achieve these goals, we have to implement radical socio-economic transformation. It would be remiss of me not to […]

Business In The News South Africa

National Treasury to work with public enterprises to right Eskom

PARLIAMENT,  October 25 – A team of experts from National Treasury will work with the department of public enterprises to correct governance and financial management problems at Eskom, Finance Minister Malusi Gigaba said in his medium-term budget policy statement on Wednesday. He singled out the power utility as a source of particular concern for government, […]

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Gigaba cleanses the PIC

Sello Theletsane   Following recent media reports suggesting that Public Investment Corporation(PIC) boss Dr Dan Matjila was being smeared and targeted, Finance Minister Malusi Gigaba has written a letter to his deputy Sfiso Buthelezi who is also PIC board chair requesting him to among others disclose all PIC transactions (both Listed and Unlisted Investments) concluded […]