Latest articles on Duma Gqubule

How to rescue SA’s ailing economy

2020 was a challenging year for everybody, with no growth forecast in the economy, fears of a deep recession and a jobs bloodbath. Three experts contextualise this situation, focusing on what can be done in 2021 to slow down the spiral into an economic abyss

Government misses the mark on the recovery plan

Government, labour, business and community have come up with a combined economic recovery plan amidst three others to help kickstart the economy. Some are new, while others are old and falter in not taking into account the ‘new normal’

The Vuyo Jack codes

Over the past decade there have been 1 127 publicly announced black economic empowerment deals worth R232,6-billion, according to Ernst & Young. At the end of May, the JSE Securities Exchange had a market capitalisation of R2 800-billion. The black equity in the above companies is 0,36% of the market total. It can safely be assumed that the total is less than 1% of the JSE's market capitalisation.

Grow to empower

Two months ago, Safika deputy chairperson Saki Macozoma offered a feeble defence against charges of enrichment levelled by black people against himself and his fellow black economic empowerment oligarchs, for want of a better word, such as Patrice Motsepe, Tokyo Sexwale and Cyril Ramaphosa. Until now, I have resisted participating in what has been a futile and sterile debate about enrichment versus empowerment.

Maria’s ‘convenient crisis’

"Like many people in black business, I cannot help but suspect that the attempt by Transnet CEO Maria Ramos to present evidence of her predecessors' incompetence is little more than an attempt to create a compelling rationale for the public to support sweeping changes at the transport and logistics company." The Transnet CEO manufactured a problem so she could get rid of the former board, argues Duma Gqubule.

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Latest

Zuma, Zondo play the waiting game

The former president says he will talk once the courts have ruled, but the head of the state capture inquiry appears resigned to letting the clock run out as the commission's deadline nears

Stern warning against Covid greets Mthembu’s death

The ANC has slammed conspiracy theorists and cautioned against showing complacency towards the deadly virus

Lala ngoxolo Mvelase Jackson Mthembu

In his announcement, President Cyril Ramaphosa called the late minister ‘a life-long champion of freedom and democracy’

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