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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The part of Nhlanhla Nene’s budget that’s getting to me is the fact that he’s upped personal income tax while leaving the corporates alone. That’s not cool.
The article, “Agang SA founder Mamphela Ramphele moves on” by Biénne Huisman (City Press, February 22 2015), contains some serious inaccuracies. In particular, I point to the claim that “The money owed to former staff members ranges from R10 000 to R30 000 for the months of July and August”.
This week we report that banks repossessed almost 5 000 cars from the country’s middle class in the Western Cape and Gauteng provinces.