In today’s opinion pages, could South Africa be in for a new finance minister if Enoch Godongwana has to step aside? The national shutdown on Wednesday was largely a failure because trade unions have failed to engage members on core issues. The JSE is overhauling its regulatory processes to keep more companies listed and to attract new ones to the stock exchange.
Ramaphosa’s Godongwana-sized tectonic headache – Daily Maverick
Political analyst Stephen Grootes writes President Cyril Ramaphosa will have to start considering who could be the next finance minister if the sexual harassment claims against Enoch Godongwana lead to the National Prosecuting Authority formerly charging the current FinMin.
Grootes writes that there has always been contestation behind the scenes for the powerful cabinet post but if Godongwana were to leave the role then there are no clear-cut candidates to take over from him. Read more here.
Shutdown revealed a union movement unable to connect with its base – News24 (for subscribers)
Mbhazima Shilowa writes that the national shutdown protests on Wednesday were “a flop” and while unions have claimed them to be a success, they are out of touch with their member’s interests and have failed to engage them.
Shilowa writes that union members have for some time felt that union leaders are far more interested in political issues rather than the “bread and butter” issues on the shop floor like rising costs and stagnant wages. Read more here.
Inside the JSE’s ‘radical’ overhaul – Financial Mail (for subscribers)
Rob Rose writes about the JSE’s new proposals to make it easier for companies to list on the stock exchange while relaxing certain rules for listed companies.
Rose writes about the “radical proposals” as JSE regulation head Andre Visser terms them and whether they will have a positive effect on getting more companies to list on the JSE. Keeping existing listings on the stock exchange has proven difficult following an exodus in recent years that has seen the number of listed companies drop from over 600 in 2001 to just over 300 this year. Read more here.
Here is what else we’re reading today:
EDITORIAL: Signs are we’ve hit peak inflation – Business Day (for subscribers)
NATASHA MARRIAN: Zuma, it’s not just about you – Financial Mail (for subscribers)
PETER BRUCE: Why I did not join the national shutdown – Business Day (for subscribers)
Pieter du Toit | Babita Deokaran’s murder is a monument to ANC’s assault on state and rule of law – News24 (for subscribers)
Image Credit: GCIS
