Tag: Government

Africa has earned an unfair reputation of being a haven for money laundering and terror financing activity. There’s good reason for this. Africa has...

Imagine that you woke up this morning to the news that Jacob Zuma and Donald Trump had both just announced their resignations as President and that Robert Mugabe has been declared unfit to lead Zimbabwe! Now think of who you would choose to lead? More importantly, what qualities should the next leader have?

With South Africa already on precarious ground as a result of its alleged ‘state capture’, not least also the effects of South Africa being...

The [fake] case of state protection failing employment justice? Given how I have spent the last twenty or so years of my career, I tend at second blush when evaluating individuals in their careers to view them through an employment relations lens (and with those higher profile employees a bit of governance oversight thrown in).

The phrase "radical economic transformation" is on everybody's lips and the international economic world is watching South African politicians to see how this phrase will play out in changes to the economic policies.

In his State of the Nation Address in 2017, President Jacob Zuma noted the intention of the South African government to influence the behaviour of the private sector and to drive economic transformation.

Many African businesses are grappling with the challenges posed by digitalisation as fears mount of the "rise of the machine” and its consequent impact on jobs and growth. However, this myopic view of the future comes with a significant risk as it overlooks the real economic value that digitally driven industry initiatives will bring to growth, development, jobs and society at large.

Talk of radical economic transformation, a concept that has dominated public discourse in recent months, is an outcome of government policy failures, which have left the majority black population on the margins of the mainstream economy, speakers argued during a panel discussion organised by the University of Cape Town Graduate School of Business (GSB) on Wednesday 19 April.

On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+. A rating of BB+ is considered below investment grade (sometimes referred to as "junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at year-end should the fiscal parameters deteriorate significantly.

"Significant amounts of lost revenue and foreign exchange earnings to the state due to trade misinvoicing (underinvoicing and overinvoicing) have devastating implications for African countries - most of which are commodity dependent,” says Prof Charles Adjasi, head of the Development Finance programmes of the University of Stellenbosch Business School (USB).