In The News South Africa

Treasury distances itself from Prof Malikane opinion piece on nationalisation

JOHANNESBURG, April 18 (ANA) – National Treasury on Tuesday distanced itself from an opinion piece written by Professor Chris Malikane, an economic adviser to the Minister of Finance, saying that the nationalisation of banks is not government policy. This comes after Malikane, an economics professor from the University of the Witwatersrand, penned an eight-page opinion […]

Lead South Africa

Zuma hails agri-parks as part of radical economic transformation

JOHANNESBURG – President Jacob Zuma on Tuesday encouraged stakeholders in the agricultural sector to make a maximum contribution to economic growth and job creation among previously disadvantaged and economically excluded people. Zuma said small-holder farmers, in particular black farmers, had been strictly confined to economic participation in the informal sector while large commercial farmers were […]

In The News South Africa

Black industrialists to benefit from radical economic transformation, says dti

JOHANNESBURG, March 10 (ANA) – The Department of Trade and Industry (the dti) said on Friday that government was engaging with the retail and automotive sectors to localise several commodities to be manufactured by black industrialists. Minister of Trade and Industry, Rob Davies, said he was confident that the group of 27 black industrialists, whose […]

In The News South Africa

ANCWL wants ANC to consider reviewing the decision of the ANC Caucus on land unless convinced otherwise

The ANC Women’s League warns that delays in land reform will give grounds to populist formations it says are proudly in bed with those advancing white supremacy The African National Congress Women’s League (ANCWL) has said it would ask the ANC to explain the decision of the ANC in Parliament to block a proposal to amend section […]

In The News South Africa

#BUDGET2017 – No radical economic transformation without finance basics, says Gordhan

PARLIAMENT – Finance Minister Pravin Gordhan on Wednesday warned that government’s oft-stated drive for radical economic transformation would come to naught if it did not respect financial wisdom and frameworks. Deviating from his prepared budget speech, Gordhan told Parliament: “Without doing the right things financially we cannot go about implementing all the plans and ambitions […]

In The News South Africa

Government releases details about big transformation deals in construction

PARLIAMENT – Government on Monday released details of its agreement with construction companies to promote transformation in the sector, saying black-owned firms and equity owners could see turnover totalling between R21bn and R27bn annually over the next seven years. The agreement which was entered into following the companies being fined R1.4bn for collusion, would see […]