South Africa’s competition authorities squandered their opportunity to fundamentally restructure the construction industry and save the taxpayer billions of much-needed infrastructure rands.
Nigerian businessman Aliko Dangote may not be a household name in South Africa yet, but as Africa’s richest man and currently the 25th richest person on the Forbes list, he is ploughing money into the country.
Telecommunications giant MTN has expressed “disappointment” after losing out on the opportunity to build and operate a telecoms network in Myanmar.
As Deputy President Kgalema Motlanthe convenes a new “consultative forum” to try and solve the mining industry’s woes, consider the traditional “home away from home” of the Randlords and the leaders of South Africa’s founding industry – the Rand Club.
While consortiums involving the world’s largest telecoms groups compete for two new mobile licences in Myanmar this month, leading global human rights organisations have cautioned against the race to invest in the tentatively reforming east Asian country.
This week saw the rand dipping as low as R10.30 to the dollar, despite President Jacob Zuma’s efforts to calm economic fears. Thandeka Gqubule quizzed Finance Minister Pravin Gordhan on the reasons.
Capital flight from South Africa was shot down midair this month as Finance Minister Pravin Gordhan signed a new treaty with Mauritius, long considered a tax haven.
I felt vindicated – but sad – when ANC president Jacob Zuma told this year’s party anniversary dinner in Durban: “I have always said a wise businessman will support the ANC because supporting the ANC means investing very well in your business.”
City Press on Twitter
- Maimane must convince sceptics that he is his own man and not beholden to a select group in DA: http://t.co/zYSARLZSyi by @carienduplessis 3 hours ago
- King Zwelithini Zulu has once again proved why he is held in such low regard, writes Mondli Makhanya: http://t.co/7j5YrBpEna #StopTheHate 3 hours ago
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- GALLERY: Local musicians and television and radio personalities say “Africa belongs to all of us”: http://t.co/jFvD9dDhDS #StopTheHate 4 hours ago
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I’m busy working on Saturday’s babalaas when I get an SMS from a government spin doctor: “King Goodwill Zwelithini is going to talk about the xenophobia at KwaHlongwa near Maphumulo in a couple of hours’ time.”
Zulu king Goodwill Zwelithini is out of order when he rages and points fingers at the media, accusing it of twisting his words when he said foreigners must leave South Africa and go back to their countries.
The rest of Africa is Simply, Better, Faster than South Africa, to borrow a phrase from Standard Bank, one of the big four banks that are minting it on our continent.