SA in a hole, needs “massive” private sector investment to climb out – Budget 2023
Ismail Momoniat, acting DG of Treasury, offers context on a country that’s in a deep hole, needing participation from the private sector.
Ismail Momoniat, acting DG of Treasury, offers context on a country that’s in a deep hole, needing participation from the private sector.
The bad news for South African citizens is that we won’t escape being tarnished by the country being placed on the grey list.
Bain, which has over 10 000 employees worldwide generating annual revenues north of $5bn, must now rue the day it opened in South Africa.
“The focus of our retirement reforms is not on withdrawals, [but] getting SA’s to save more,” said Treasury’s Ismail Momoniat.
After 19 years in service, Fuzile left the building yesterday. His departure was announced less than a week after the midnight cabinet reshuffle when finance minister Pravin Gordhan was fired.
At the core is the proposed R1 trillion nuclear procurement deal, an ill-considered, unaffordable project that SA President Jacob Zuma is determined to push through.