Despite widespread media criticism of the proposed amendments to the country’s mining legislation, the intended law the has support of at least two influential business formations.
Where do wealthy politicians who become state officials park their money?
The nation’s powerful business bodies, the Black Business Council (BBC) and Business Unity SA (Busa), have put their differences aside to ensure that South Africa is properly represented in the mooted Brics (Brazil, Russia, India, China and South Africa) Business Council.
The department of trade and industry (the dti) has defended the track record of the country’s incentives programmes, which in the past have been less than effective in attracting investors and creating jobs.
Eastern Cape is looking to diversify its economy in areas not related to the automotive sector, its lifeblood and largest employer.
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It should be increasingly difficult for South Africa’s top executives to justify their enormous pay packages, given the furore over excessive pay, the country’s high level of unemployment, and the huge disparity between the highest- and lowest-paid employees at companies.