The rand rallied on some positive notes in Finance Minister Enoch Godongwana’s inaugural Medium-Term Budget Policy Statement, trading at R15.20 from around R15.35 before the address started. The unit was last trading at R15.25/$, still more than 1% higher from it’s overnight close in New York. Here are some key take-aways as supplied by TreasuryONE: …
Mini budget in a nutshell: Rand cheers Godongwana’s maiden MTBPS Read More »
On Thursday Finance Minister Enoch Godongwana will deliver his very first Medium Term Budget Policy Statement (MTBPS) or mini budget since he took up his ministerial post at treasury. Godongwana will have to inspire confidence in a nation that is struggling with rolling blackouts and a failure to bounce back from a covid affected economy. …
There are 66 hung municipalities across the country with no party succeeding in its effort to win an outright majority. As we have seen from the previous local government elections in 2016 where the ANC failed to win outright majorities for the first time in its history in Nelson Mandela Bay, Johannesburg and Tshwane, coalition …
Editorial: Coalition country – a week on from the election Read More »
“Beloved hazelnut spread Nutella is a classic example of the benefits and costs of globalisation.” Is there anything better than the chocolaty hazelnutty goodness that is a spoonful of Nutella? We think not, but deliciousness aside there is a good supply chain model behind the spread as Lionel Laurent attests with his opening quote. While …
Editorial: Perfect supply chain globalisation with Nutella Read More »
South Africa will transition to renewable and sustainable energy following the announcement from President Cyril Ramaphosa on Tuesday that the country had reached an agreement for funding over the next five years amounting to R131 billion. The landmark deal is the first financing deal to come out of the climate conference currently underway in Glasgow, …
While the focus remains on the upcoming local government elections where the governing ANC are at serious risk of losing its control over many of the municipalities it once commanded support in, what of the next national elections and beyond? Yacoob Abba Omar writes in Business Day, the ANC could be forced into a coalition …
Opinions of the Day: Are we heading for coalition country? Read More »
In a country where Jacob Zuma gets to leave prison early after serving but a fraction of his 15-month sentence and South African’s can refuse to be vaccinated even while many others are dying should we revisit the constitution that is considered a liberal bastion in the world? Sydney Majoko quotes former deputy chief justice …
Opinions of the Day: Should we take a second look at the Constitution? Read More »
Last week Discovery, South Africa’s largest medical scheme provider, became the first corporate business to flinch and announced that it would require all of its employees to be vaccinated come 2022. It’s a massive step for business in South Africa after many large corporate businesses and government institutions in the United States already called for …
Opinions of the Day: Will you be fired for not taking the Covid-19 vaccine? Read More »
Eskom chief executive André de Ruyter has an impossible task. The top man at the country’s electricity provider has to turn around an organisation with over R400 billion in legacy debt, is embroiled in corruption and state capture, and desperately failing at meeting the electricity needs of the country. But still, Eskom is in the …
Opinions of the Day: Turning around Eskom – can it be done? Read More »
The ANC is in a spot of bother, again. The governing party is having some issues with their cash flow and last week employees at Luthuli House decided to down their tools and go on strike. As if a lack of funding wasn’t a problem enough, the party withdrew its electoral court application to re-open …
Opinions of the Day: What’s going on with the ANC’s money problems? Read More »
