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
- Ka**ir slur costs employer R50 000: http://t.co/qiPU8hiOmX 16 hours ago
- Gambling board blows millions on overseas trips: http://t.co/FTlkedE6VS 16 hours ago
- Jacob Zuma cancels United Kingdom trip: http://t.co/eypX0PqGRQ 17 hours ago
- Zuma-Mantashe rift report ‘entrenches racist narrative’: http://t.co/aPfgmaqJcg 18 hours ago
- RT @albert_mashamba: Their pride is just too huge to swallow. They have been beaten by the DA hands down. #talkingpoint 18 hours ago
Thursday morning. The last day of Mampara Week. Where I come from, that’s the week before payday.
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.