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
- State security says allegations of espionage against Thuli Madonsela and certain political leaders will be probed: http://t.co/Fxz6Ui5FXm 4 hours ago
- How to have your best sex. @JadeZwane suggests you introduce yourself to your intimate places & share this knowledge: http://t.co/4ZDqpbRyYl 4 hours ago
- Jacob Zuma rebuked amakhosi for ignoring his advice to make land claims on behalf of their subjects: http://t.co/5v2rjaY3IN by @andiMakinana 14 hours ago
- RT @gaylemahala: @mayaonmoney @GIBS_SA 51% of the mothers in SA are single, hectic stat 15 hours ago
- RT @gaylemahala: @mayaonmoney @GIBS_SA It is not just about education, most of us have a dysfunctional relationship with money. 15 hours ago
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.