As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
The economic policy document released by the National Treasury in August is being finalised after receiving input from various sectors,
Although there is a need to step up investment into South Africa’s poor infrastructure, fear that this will be achieved through the imposition of prescribed assets may be misplaced, writes finweek contributor Mariam Isa.
We should not let ourselves be distracted by a quarter-on-quarter economic revival, says Daniel Silke.
The Treasury report includes interventions and reforms aimed at reversing the country's downward trend of economic growth, boosting GDP growth and creating jobs .
"Economic transformation, inclusive growth, and competitiveness: towards an economic strategy for South Africa" suggests the tourism sector can see a quick 8% to 10% uptick in business if proposed reforms are implemented.
The National Treasury on Tuesday released a document titled "Economic transformation, inclusive growth, and competitiveness: towards an economic strategy for South Africa". Here are the highlights.
'This paper is a detailed examination of the structural reforms that can reverse the downward trend in South Africa’s growth potential and competitiveness,' says National Treasury.
Workers should be allowed to offer their services cheaply if it means they can get jobs, say David Ansara and Hermann Pretorius.
SA's low levels of growth and investment are the result of an inhibiting policy environment, and it is up to President Cyril Ramaphosa to drive the reforms necessary to remove obstacles to growth, says David Ansara.
Addressing a breakfast briefing in Johannesburg, the bank's governor said the discussion around the ownership and mandate of the central bank appears 'impervious to facts'.
Finance minister Tito Mboweni’s economic reform proposals are exactly the type of decisive, unapologetic and overdue response needed to lift South Africa’s economy out of the doldrums, writes Andile Ntingi.
Irregular expenditure at National Economic Development and Labour Council went up from R1.4m in 2018 to R11.5m in 2019. The irregular expenditure reflected from 2018 is the subject of a disciplinary inquiry.
Business Leadership South Africa has voiced its supports National Treasury's new economic policy paper, saying it crystalises the way forward for an economy 'on the edge of a precipice'.
It also says banks should be made to ensure switching is not punitive and that big retailers should lose the right to exclusive leases, says Ferial Haffajee.
In a new policy paper Treasury says that SA's current economic path is unsustainable, with the country facing a triple threat of stagnating economic growth, rising unemployment and high inequality.
South Africa could dispose of some of Eskom's coal-fired plants and allow households to sell electricity back into the grid as part of a restructuring of the state-owned power utility, according to Treasury's latest policy paper.
If SA were a business, its leadership would have been axed, says Solly Moeng.
Bailouts for state-owned companies risk pushing the country’s debt-to-GDP ratio to among the highest in emerging markets, South African Reserve Bank Governor Lesetja Kganyago has warned.
President Cyril Ramaphosa has re-appointed Lesetja Kganyago as governor of the SA Reserve Bank, with Fundi Tshazibana and Rashad Cassim as deputies, the Ministry of Finance has said in a statement.
The recent squabble over the mandate of the South African Reserve Bank has very little to do with real economic policies, say Vishnu Padayachee, Robert van Niekerk and Imran Valodia.
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