Gigaba vs Matjila: The scramble for pensioner funds – seeks $7.6bn SOE bailout
South Africa’s Treasury is pressuring the continent’s biggest money manager to provide as much as $7.6 billion to fund struggling state companies.
South Africa’s Treasury is pressuring the continent’s biggest money manager to provide as much as $7.6 billion to fund struggling state companies.
A matriculant from Reiger Park Secondary School, Ian Whitley spent 14 years at Standard Bank and five years at Absa as a mid-level banker.
Here’s the inside story of the day President Jacob Zuma was forced into reversing his Finance Minister appointment of David Van Rooyen, replacing him with Pravin Gordhan, the man he had fired a year and a half earlier.
While having a read through the list of the CEOs backing Gordhan in war against Zupta, Glynnis Carty was struck by the apparent lack of response from Chartered Accountants and professional services firms.
South Africa’s government appears to be at war with itself, as President Jacob Zuma and his Finance Minister Pravin Gordhan grapple for control of the nation’s finances.
“There is a clear lack of national leadership, the governing party is like a headless chicken. We are in a leadership quagmire.” – Theo Venter,political analyst at North West University in Potchefstroom.
There’s one thing for sure. If government officials didn’t plunder so much taxpayer wealth on self-indulgence, the country would be in a far better place than on the brink of a recession and ‘junk’ status.
South African Finance Minister Pravin Gordhan emerged in a stronger position in his tug of war with President Jacob Zuma after S&P Global Ratings decided not to cut the nation’s credit rating to junk.
Pravin Gordhan’s efforts to restore investor confidence in South Africa and ward off a junk credit rating are being frustrated by the very man who appointed him to his post.
For the ANC to think that it can paper over the cracks and dismiss the ConCourt judgment as Zuma, Mbete and Mantashe have done is short-sighted, says Judith February.