With Women’s Month ending today, Ears executive researcher Nomzamo Xaba has painted a bleak picture.
Aveng CEO Sean Flanagan declined to identify which state-owned enterprise the group had instituted legal action against, saying they are expecting payment in September.
According to Statistics SA a total of 3,355,904 travellers (arrivals, departures and transits) passed through SA ports of entry/exit in June.
The Centre for Development and Enterprise has a few pointers to stimulate growth, but describes the NHI model as being ‘unworkable’.
Government’s spending plans averaging R350 billion per year, and expected SOE bailouts of R2.2 trillion, translate to borrowing of R1 billion a day over seven years.
The finance minister last year said it shouldn’t be so hard to radically transform SA’s economy. He now seems to think he’s on the way to achieving it.

The dark underbelly of the business rescue industry

A Section 417 report makes stark findings against business rescue practitioner Hans Klopper and corporate lawyer Connie Myburgh.

Business News Ramaphosa lures Japanese investors with promise of ‘entrepreneurial state’

He describes it as a state that can work with the private sector to promote competitiveness and assure the success of business partners.

Personal Finance Poor households now squeezed for survival

After paying for transport and electricity, poor households are on average left with just R1,249.48 for all other essential household expenses.

Business News Eskom unbundling must lead to private-public sector union – expert

The key to unlocking the potential of unbundling for Brazil was its vast resources for renewable energy generation.

Business News SA has to ‘learn from Asian Tigers’ to move economy

The ‘relaxation’ of stiff regulations, which included labour laws, is needed. These are ‘rigorous and business-unfriendly’, contributing to low growth.

Business News Why Mboweni’s economic plan is ‘on the right track’

An economist says the plan to save the ailing economy is a ‘step in the right direction’ but warns of opposition from labour and the ANC’s alliance partners.

Business News Battery theft threatens MTN’s network coverage

The general manager for network operations at MTN South Africa, Ernst Paul, said the vandalising of equipment caused disruptions.

Transformation in the workplace needs to be sped up – Nxesi

Minister of Labour and Employment Thulas Nxesi said the lack of transformation and employment equity is something the government needs to tackle ‘head-on’.

Business News Brazilian chicken exporter criticises SA industry’s attitude

Ricardo Santin suggested the industry was its own worst enemy by choosing ‘war’ over partnership with the largest meat exporter in the world.

Business News Read in full: Mboweni’s bold new plan to turn SA’s economy around

Finance Minister Tito Mboweni has called for comment on a much-awaited economic strategy plan for South Africa that he hopes will boost growth and create jobs in the country.

Business News Banks score nearly R500m in Naspers’s Prosus listing

The amounts paid to the banks comprise two thirds of the total estimated expenses for the group’s listing of R736 million.

Business News Gugulethu entrepreneurs accuse Nedbank of stealing card blocking invention

Thandile Jwambi and Tatolo Kutumane claim Nedbank is in breach of an agreement that was part oral, part tacit and part implied, which the bank has denied.

Analysis & Profiles SA needs a radical policy shift to save the economy

There is no way an economy that does not manufacture goods massively will be able to create jobs, and land reform is crucial.

Business News Taxpayers want more efficiency, trust and credibility from Sars – survey

The most important outcomes of a PwC tax survey in regard to corporate income tax and Vat returns.




 

 

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