Cyril Ramaphosa is the guy who most South Africans think will be our next president. He played the lead role in negotiating the agreement that led to the new South Africa, he is a major player on the empowerment scene. He is a big guy. But here is his former comrade from the National Union of Mineworkers (NUM) taking one of his flagship companies from him.
Thulane Gcabashe possesses the modesty to realise that being CEO of a company such as Eskom merely offers a chance to make a small contribution to a phenomenally huge project. He is about to lead Eskom into what he calls "a new era of growth" in the form of a R93-billion capital expansion phase, which, he readily admits, "will never be completed in my time".
Philisiwe Buthelezi, the newly appointed CEO of the National Empowerment Fund (NEF), is just what the tainted and beleaguered funder needs. Someone to imbue it with credibility beyond reproach and to infuse it with a sense of urgency. She takes over an institution that is suffering a credibility crisis.
South African residential property is still not overvalued, despite at least two years of phenomenal growth. At the same time, the number of property investors has risen, though they are buying fewer properties, and in the years ahead they will experience falling yields.
If the Reserve Bank believes it has conquered inflation and is more concerned about socio-political holy grails of growth and employment, it should cut interest rates next week, according to Mandla Maleka, chief economist at Eskom Treasury. This in a week when French idiosyncrasies wreaked havoc on local currency.
There is no end in sight to the consumer spending boom that has driven the economy for the past two years. Financial results released by food, clothing and furniture retailers recently show that, at best, we are in the middle of a phenomenon that will only be fully explained in hindsight.
Next Monday, Elland Road in Leeds will witness the end of an era. Lucas Radebe, the South African-born central defender who has called the city home for the past 11 years, will draw a curtain on a remarkable if injury-ridden playing career, with a testimonial match between a select Leeds XI and a World XI.
A derby of many goals: that is what the fans deserve when Chiefs and Pirates meet at the FNB Stadium on Saturday. A derby of many goals: that is what the biggest clash in South African football represents for the owners, fans and sponsors of these two teams.
Private higher education has presented new and exciting possibilities for career building in South Africa. It has helped supplement strained public education resources but, as is always the case where the profit motive is at play, there have been problems. ‘Private education providers in partnership with state institutions are critical at this stage of development […]
A week after delivering a set of results that exceeded market expectations, it is reasonable to expect Standard Bank Group CEO Jacko Maree to be taking things easy. Not so. This unassuming, disarmingly reserved veteran banker, shy to a point of appearing intimidated, is preparing to meet his eclectic mix of shareholders.