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Zuma's presidency was a total disaster – Trevor Manuel

By: News24Wire      17th May 2018 The presidency of Jacob Zuma was a total disaster for South Africa, former finance minister Trevor Manuel said on Wednesday night. "I make no apologies for sharing my view that the presidency of Jacob Zuma was a total disaster for South Africa," said Manuel. Manuel delivered the keynote address... 

Ramaphosa to meet labour ministry after minimum wage protests

By: Reuters     26th April 2018 South African President Cyril Ramaphosa will on Thursday meet officials from the labour ministry to discuss the planned introduction of a national minimum wage, a day after nationwide protests over the policy which he has championed. Several thousand union members marched in Johannesburg, Cape... 

Resistance persists despite declaration of new renewables dawn

By: Terence Creamer     20th April 2018 The world did not stop to allow South Africa to get off. While ‘sunny South Africa’ spent more than two years delaying the introduction of new renewable-energy plants, including 12 solar photovoltaic (PV) projects and a concentrated solar power (CSP) plant, the rest of the world continued... 

Ramaphosa's plan to attract R1.2tr in investment marks potential new dawn 

By: News24Wire      18th April 2018 President Cyril Ramaphosa’s plan to raise over R1-trillion in new foreign investment has been hailed by economists as the beginning of a “new dawn” for South Africa after years of low growth and policy uncertainty. On Monday, Ramaphosa announced that South Africa will later this year host a major... 

These are my principles, but . . .

By: Riaan de Lange     13th April 2018 My father’s friend is a principled man. In the past, you would have read much into my opening sentence. Only a few days ago, my young son returned from school with a letter. A dreaded letter. In this day and age, any written correspondence received from school on a paper is never a good thing.... 

Eskom considers sale of mortgage business

By: Reuters     12th April 2018 South Africa's state power utility Eskom is sounding out possible buyers for its mortgage business, a tender document showed on Wednesday, in what would be the first major privatisation deal under President Cyril Ramaphosa. Ramaphosa has made revamping state-owned firms like Eskom a top priority... 

South Africa's growth recovery at risk from lack of policy clarity – SARB

By: Reuters     11th April 2018 South Africa's recent economic growth turnaround is unlikely to last as 2017's boom fades and the outlook for reform remains murky, the South African Reserve Bank (SARB) said on Tuesday. The South African economy expanded by a surprising 1% in 2017 as agriculture recovered from a drought the year... 

Tangible results needed to maintain business confidence momentum – Sacci

By: Simone Liedtke     5th April 2018 Although an improved business mood is still present, it has to be augmented by an improvement in the real economy and further focus on better financial conditions, the South African Chamber of Commerce and Industry (Sacci) said on Thursday, releasing the results of its latest business confidence... 

Roadblocks ahead for South Africa's Ramaphosa after Moody's win

By: Reuters     27th March 2018 South Africa's new President Cyril Ramaphosa will need to call on all his dealmaking skills to overhaul ailing State-owned firms and tackle land reform if he wants to capitalise on Moody's decision not to downgrade the country's debt to junk. Moody's said its decision to keep South Africa's... 

Early days, but some SA firms responding to Zimbabwe’s open-for-business pledge

By: Martin Zhuwakinyu     23rd March 2018 Robert Mugabe may no longer be at the helm of Zimbabwe Inc, but the mess he created over his 37-year rule remains – the country’s infrastructure is, for the most part, in a sorry state, its economy is moribund and unemployment has reached ridiculously high levels, with figures as high as 90%... 

What we must undo in post-Zuma era

By: Saliem Fakir     23rd March 2018 During Jacob Zuma’s Presidency, South African had to contend with racial parochialism, State inaptitude and a gloomy economy. Dystopia became the only legacy the former President would bequath the present and future generations. Gramsci once noted: 'The State was only an outer ditch behind which... 

Early days, but some SA firms responding to Zimbabwe’s open-for-business pledge

By: Martin Zhuwakinyu     23rd March 2018 Robert Mugabe may no longer be at the helm of Zimbabwe Inc, but the mess he created over his 37-year rule remains – the country’s physical and social infrastructure is, for the most part, in a sorry state, its economy is moribund and unemployment has reached ridiculously high levels, with figures... 

Remembering Julius Nyerere

By: Martin Zhuwakinyu     23rd March 2018 It took the threat of impeachment proceedings by his own party to get Jacob Zuma, decidedly the most inept – and venal – President South Africa has ever had, to vacate the Union Buildings on Valentine’s Day. Just under three months earlier, the ruling Zanu-PF party in neighbouring Zimbabwe had... 

Aerosud Aviation warns of tough times for the South African aerospace industry

By: Rebecca Campbell     16th March 2018 South Africa’s largest private-sector commercial aviation aerostructures manufacturing company, Aerosud Aviation (a wholly-owned subsidiary of Aerosud Holdings), warns that the local aerospace industry is going through tough times and is not receiving the kind of support that competitors in other... 

Pro-Zuma group blocks energy deals in blow to Ramaphosa

By: Reuters     13th March 2018 President Cyril Ramaphosa was dealt a political blow on Tuesday, after a last-minute legal challenge by a group loyal to ousted leader Jacob Zuma blocked the signing of $4.7-billion in renewable energy deals. The North Gauteng High Court agreed to hold a full hearing on the challenge on March 27... 

VAT hike tests SARB's hawkish stance 

By: Reuters     9th March 2018 After the first VAT hike since apartheid, South African consumers are calling for an interest rate cut but the South African Reserve Bank (SARB) has numerous reasons to resist this pressure, chief amongst them a desire to sustain an inflation-busting rally in the rand. Since market-friendly Cyril... 

South Africa's future 'just got a lot more positive', Anglo American CEO says

By: Reuters     7th March 2018 South Africa's future is looking "a lot more positive" since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month, Anglo American's Chief Executive Mark Cutifani said on Wednesday. Mining companies and South Africa's government have been at loggerheads for years over... 

South Africa's growth forecasts likely to be increased – Nene 

By: Reuters     5th March 2018 South Africa's economic growth forecasts will likely be revised upwards by the time the medium-term budget outlook is announced in October, Minister of Finance Nhlanhla Nene said on Monday. A rise in business confidence since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last... 

ANC wants to soften impact of higher VAT on poor

By: Reuters     26th February 2018 South Africa's ruling African National Congress (ANC) said on Sunday that it wants to alleviate the impact on the poor of an increase in value-added tax by adding more zero-rated and tax-free items. ANC Secretary General Ace Magashule said in televised remarks the party would look at a range of... 

Zuma is, alas, not an aberration

By: Rebecca Campbell     23rd February 2018 Well, Jacob Zuma is no longer President of the Republic of South Africa, following his “recall” (in effect, order to resign) by his political party, the African National Congress (ANC). The raid on the Johannesburg home of his close associates, the Gupta brothers, on the morning of February 14... 

Lifestyle audits on government politicians, public servants set to start - Ramaphosa

By: African News Agency      20th February 2018 Tests on whether the lifestyles of politicians and public officials in South Africa match their incomes are set to become the norm, President Cyril Ramaphosa said on Tuesday, starting with himself and members of his cabinet. "If there ever has been anything that many South Africans would like to... 

Ramaphosa calls for new social compact

By: African News Agency      20th February 2018 President Cyril Ramaphosa on Tuesday called for national unity and a new social compact to revive the economy and ease the plight of South Africa's poor majority. "One thing that we will unite on is advancing the interests of our people," Ramaphosa said in his reply to the debate on his maiden... 

Business organisations hope for greater policy certainty after Zuma’s resignation

By: Anine Kilian     15th February 2018 Industry bodies throughout South Africa have welcomed Jacob Zuma’s decision to step down as President. The South African Chamber of Commerce and Industry (Sacci) on Thursday said it applauded Zuma’s remarks where he reaffirmed and pledged his commitment to the Constitution and the rule of law,... 

Ramaphosa formally elected as President

15th February 2018 Cyril Ramaphosa was elected as South Africa's new president by the National Assembly on Thursday, a day after the deeply unpopular Jacob Zuma was forced to resign by the ruling party. Ramaphosa, 65, was the sole candidate put forward by the National Assembly and takes up the top post two decades... 

ANC will give Zuma reasons for recalling him

By: News24Wire      15th February 2018 By resigning as president, Jacob Zuma has been spared from yet another vote of no confidence in Parliament, the African National Congress (ANC) said on Thursday night. "It has been going on for almost three to four years and we believe that we do need to give this comrade respect and also spare... 

From 'rejoicing' to 'good riddance', opposition parties react to Zexit

By: News24Wire      15th February 2018 The Democratic Alliance (DA) says it is "rejoicing" at the news that Jacob Zuma has resigned as president, while the United Democratic Movement (UDM) says "good riddance". Zuma announced on Wednesday evening that, although he does not agree with his decision, he will resign as president of the... 

Post-Zuma uncertainty not addressed by current opposition party ideology - Khoza

By: Dylan Slater     13th February 2018 Political party, African Democratic Change (ADeC), has expressed concern that South Africa faces an uncertain future in light of poor opposition leadership and foresight.  

ANC recalls Zuma

By: African News Agency      13th February 2018 African National Congress (ANC) has recalled President Jacob Zuma, the party's secretary-general Ace Magashule announced on Tuesday in Johannesburg. ''The national executive committee decided to recall the president in accordance with rule 12.2 of the ANC, which allows the ANC to recall it’s... 

Ramaphosa pursues "pressing matters" in push for Zuma exit

By: Reuters     9th February 2018 African National Congress (ANC) leader Cyril Ramaphosa pulled out of public events to focus on "pressing matters" on Friday, fuelling speculation that Ramaphosa was making a final push to force Jacob Zuma to step down as South Africa's head of state. Zuma, in power since 2009 and battling... 

Ramaphosa addresses uncertainty around Zuma’s removal

By: Sashnee Moodley     7th February 2018 Deputy President and African National Congress (ANC) president Cyril Ramaphosa on Wednesday released a statement in response to the country’s apparent anxiety around the removal of Jacob Zuma as State President.  Ramaphosa and Zuma had met for discussions about the sitting President’s... 

Opposition DA calls for SA State of Nation to be postponed

By: African News Agency      31st January 2018 The opposition Democratic Alliance (DA) has called for next month's State of the Nation address to be postponed to allow parliament to elect a new president of South Africa. In a statement on Wednesday, DA leader Mmusi Maimane said he had written to the Speaker of the National Assembly Baleka... 

Ramaphosa headed for stormy seas 

By: Aubrey Matshiqi     24th January 2018 The African National Congress (ANC) has a new leader. The question is whether Cyril Ramaphosa is the next President of South Africa. In other words, will Ramaphosa lead the ANC to victory in the national election in 2019, and will the ANC recoup the electoral losses it suffered in the last two... 

Industry confident Eskom board changes will help save utility

By: Megan van Wyngaardt     22nd January 2018 The appointment of a new Eskom board with “credibility, business acumen and experience” has given South African businesses hope that the embattled State-owned entity (SOE) can be salvaged, with a number of organisations lauding Deputy President Cyril Ramaphosa for taking a step in the right... 

BLT SA – specialists in the supply and support of an extensive range of container and bulk handling port equipment – participated at the TOC Africa 2017 conference, held recently in Durban at the ICC.

22nd January 2018 “This world class terminal operations conference, which focused on port and terminal technology and operations, was well supported by port equipment and technology operators and suppliers,” says Ken Mouritzen, BLT SA. “This was the perfect forum for global collaboration and for local, regional... 

Court rejects Zuma's bid to review State capture report

By: African News Agency      13th December 2017 The High Court in Pretoria on Wednesday ruled that Chief Justice Mogoeng Mogoeng will select the judge to preside over the State capture commission of inquiry ordered by former public protector Thuli Madonsela. "The President [Jacob Zuma] is directed to appoint a commission of inquiry within 30... 

Here is why CR17 is not ahead in ANC leadership race 

By: Aubrey Matshiqi     24th November 2017 In a matter of weeks, the African National Congress (ANC) will elect its fourteenth president. Depending on who or what section of the media one believes, it is either Cyril Ramaohosa (CR17 to his supporters) or Nkosazana Dlamini-Zuma (NDZ) who is, as they say, ‘miles ahead’. This is not... 

Zwane must be probed on State capture and Gupta relations – DA 

By: News24Wire      1st November 2017 There are enough grounds to establish an ad hoc committee of inquiry into Mineral Resources Minister Mosebenzi Zwane’s relationship with the Gupta family and allegations of State capture, said James Lorimer from the Democratic Alliance (DA). Speaking to journalists after a meeting of the... 

Taxes, bailouts and political instability: Gigaba to deliver inaugural MTBPS

By: African News Agency      23rd October 2017 All eyes will be fixed on South African Finance Minister Malusi Gigaba this week when he delivers his first Medium-Term Budget Policy Statement (MTBPS) amid concerns about the fiscal challenges, widespread perceptions of government corruption and wasteful expenditure. Gigaba, who took over the... 

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