No one’s talking, but gauging from FNB, Absa and KPMG’s actions, it’s clear big business has hunkered down to avoid the political fall-out.
The Industrial Development Corporation continues to claim it will do well out of the Oakbay deal for the Shiva mine but uranium’s future is uncertain.
SA could pay up to R1-trillion to implement a nuclear programme, but a Russian state company says it may create thousands of jobs in the process.
The question is: Can those in government work together to claw back an investor-friendly status for South Africa?
Rapid food price increases, drought and rand depreciation is going to force retailers to pass on more inflation to customers than in recent years.
The country’s tough economic challenges must now compete with the demands of the New Development Bank.
Finance Minister Pravin Gordhan will hit the road with private sector representatives to meet credit ratings agencies and investors.
The utility’s biggest consumers will use less electricity, so in theory there will be more for ordinary citizens and no load-shedding.
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/ 25 February 2016
Finance Minister Pravin Gordhan has staved off an increase in value-added tax – for now.
The power utility is seeking relief after its higher electricity tariffs led to lower sales.