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South Africa will struggle to meet revenue estimates this year, even as the new head of the tax agency sets about repairing the “deep damage” that took place under his predecessor’s watch.
Despite being let down by poor quality education, persistent inequality and poverty, and structural unemployment, South Africa’s youth remains hopeful.
Old Mutual shareholders are split on whether the South African insurer should pony up and settle with Chief Executive Officer Peter Moyo or run the risk of a R250m damages claim.
The ANC approved a range of proposals to revive economic growth, but stopped short of endorsing Finance Minister Tito Mboweni’s controversial plan to sell some state assets.
It’s a lesson instructing the woeful tale of Gauteng e-tolls, where desperate mouth-to-mouth resuscitation has failed to revive the scheme in five years and four months.
For the first time in many years, we have what seems to be an antidote to pompous, vague-sounding economic policies of little or no substance.
For a variety of speculative reasons, no great white sharks have been seen in False Bay, Cape Town, so far this year – an unprecedented occurrence.
Since the fight between Moyo and the Old Mutual chairman Trevor Manuel spilled into the public in May, the insurer’s share price has lost around 21%.
Old Mutual’s dispute with Peter Moyo was pushed out after the South African insurer’s fired chief executive officer was granted leave to add evidence to a contempt of court charge he brought against the company.
It may be just under half the height of the world’s 10th-tallest building, (the Shanghai World Financial Centre), but Africa’s now-tallest building in Sandton, the Leonardo, is breaking new ground.