Stats SA’s April Statistics of Liquidations and Insolvencies paint a very grim picture. The number of business liquidations increased by 53.1% between April 2018 and April 2019. The number of insolvencies increased by 30.1% between March 2018 and March 2019.
As humankind advances, new technologies are supposed to enhance and improve our lives by broadening access to education, financial instruments and other tools, while also improving communication within our globalised society. These were the ideals that the founders of the internet shared, says American futurist, author, professor and media theorist Douglas Rushkoff.
Although South African attempts to address climate change have been lambasted for being highly insufficient – the most recent Schroders Climate Progress Dashboard has revealed a slight improvement at a global level.
The latest GDP numbers show that the South African economy declined by 3.2% for the first quarter of 2019. This comes after President Ramaphosa announced a R50 billion stimulus package in September 2018. Since that stimulus followed on a decade of stimulus spending instituted since the 2008 global economic crisis, we must now ask whether Minister Pravin Gordhan’s decision to choose stimulus over austerity was the right one.
South African Airways’ sometimes-controversial CEO, Vuyani Jarana, has resigned. When the news broke on Sunday, many were caught by surprise, perhaps because it follows only a week after the resignation of another state-owned enterprise (SOE) CEO, Eskom’s Phakamani Hadebe.
The first quarter GDP growth of 2019 for South Africa announced 4 June, and it is once again a negative number. The numbers are showing that the South African economy contracted 3.2% year on year, following a 1.4% growth in the previous period. It was the sharpest decline in the GDP since the first quarter of 2009, as output declined sharply in manufacturing, mining, agriculture and utilities.
tructural reforms urgently needed as annual growth drops to 0% y-o-y. Statistics South Africa (StatsSA) reported on June 4 that the South African economy contracted by 3.2% quarter-on-quarter (q-o-q) during the first quarter of 2019 – the biggest decline in 10 years.
The recent announcement of President Ramaphosa’s new cabinet provides a good opportunity to reflect on the critical role of ministers in the governance of the public sector. The work we have done in the public sector over the years revealed some common governance challenges.
The National Minimum Wage (NMW) is a crime against the poor of this country as it absolutely forbids them from accepting any compensation below the floor set by government. It is reasonable, therefore, to assume that some people who could be working are not employed because of the minimum wage.
Huawei is not listed, and the shares are owned by the employees. The move by Google is likely to have a negative effect on the company, and Huawei may lose some customers. That said, there may be a slight buffer of customer retention given the rollout of Huawei phones using its own operating system should the ban persist.