SOEs no longer relevant will be phased out, says Zuma
Fin24 - Feb 12th 2016, 10:31
Cape Town - President Jacob Zuma took heed of calls from business that government should get rid of state-owned enterprises that are no longer relevant.
In his State of the Nation Address on Thursday, Zuma said, “Companies that are no longer relevant will be phased out.”
Kevin Lings, an economist at Stanlib, said that was one of the most important announcements of Zuma’s speech.
The exact nature of the sell-off remains to be seen, but Lings expects that Finance Minister Pravin Gordhan will elaborate on the matter in his budget speech later this month.
“I think government may sell assets that are not in the public eye at all. As for the key state-owned enterprises, they may do some imaginative stuff with some power stations to make them more attractive for private investors.”
Food security low on the national agenda
26/02/2019 - 14:27
According to the latest available research, 54% of South African households still experience hunger or the risk of hunger. This means that the people living in more than half of South African households do not have enough to eat or are not sure where their next meal is coming from.
The signs are here that South Africa has reached its economic crossroad
03/12/2018 - 11:37
While South Africa attempts to shore up its own economy amid high inflation rates and a stuttering inherited financial system, the continent as a whole continues to grow. The big question, though, is whether South Africa will get left behind in terms of international investment if it doesn’t improve its financial situation, and how to avoid this.
Egypt lifts SA fresh goods ban as listeriosis threat subsides
20/09/2018 - 14:32
The department of agriculture, forestry and fisheries says Egypt's government has lifted its temporary suspension of fresh fruits and vegetable imports from South Africa, which stood as a precaution to prevent the spread of listeriosis there.
Foreword for Sowetan/Sunday World National Stokvel Survey
31/07/2018 - 13:17
Ubuntu is one of those uniquely African concepts that, for many, define what it means to be South African. A beautiful word that exemplifies a philosophy of caring for the welfare of every individual in a community – that special acknowledgement that “I am because we are.” Ubuntu is a spirit that ignites people to work together, for the benefit of all.
Japanese now upbeat about deals with SA
15/05/2018 - 09:42
Trade officials from Japan, who previously had felt sidelined under the Jacob Zuma administration, are in a more buoyant mood, believing that relations with SA have entered a new chapter.