Tag: State Owned Enterprise (SOE)

The best was left for last. If what is promised in the end really happens, we will have a real prospect of desperately needed prosperity and jobs. If we really get reductions in spending and debt, market barriers down by 50%, a seriously reprioritised Budget, release of superfluous air waves spectrum, unbundling of Eskom, private power generation and the like, we will be a freer economy. Freer economies – as measured by the Economic Freedom of the World Index – always and everywhere prosper.

Address by President Cyril Ramaphosa to the Joint Sitting of Parliament on South Africa's Economic Reconstruction and Recovery Plan.

As increasingly more investors begin to question the purpose and impact of their investments, beyond a singular focus on return, unlisted alternative assets have demonstrated how supporting environmental, social, and corporate governance (ESG) principles can generate solid returns for investors, while also having a tangible, positive and lasting impact.

South Africa has faced many crises before, but the one we are now in has convoluted our collective thinking about what true leadership is all about. The political atmosphere in the country has deepened the leadership question and has resulted in creating a tense and protest-filled environment.

South Africa needs an extraordinary plan and a huge amount of political will to dig itself out of the proverbial hole we find ourselves. The ANC’s discussion document ‘Reconstruction, growth and transformation: building a new inclusive economy’, is not such a plan.

Democratic Alliance Member of Parliament, Ghaleb Cachalia, who also serves as the party’s spokesman on public enterprises and serves on the Ethics Committee in Parliament, introduced the Public Finance Management Amendment Bill to the National Assembly.

Local investors should stay invested to reap strong future returns. An early decisive response to the COVID-19 threat should contain the spread of the virus in South Africa, but the economic repercussions in the short term will be costly. Local measures to contain the virus will add to an already weak economy and negative global impact.

8th March is International Women’s Day 2020 and this year’s theme, #EachForEqual, focuses on the need to take collective action to create a world that’s fair and unbiased. It’s a time when women and men everywhere should strike the distinctive #EachForEqual pose to motivate others to stand up for what’s right. 

Sparking an immediate celebration in the rand and bond markets, the 2020 Budget Speech ticked all the right boxes for markets, depicting a government that is reform-minded and ready to show its muscles.

Budget statements have in recent years perennially made downward revisions in economic growth projections. Disappointing growth outcomes compared to official forecasts is partly attributed to the inability to implement planned structural reforms that would have delivered improved growth outcomes.