‘The draft Competition Amendment Bill is one of the ways government seeks to bolster economic inclusion by allowing more players in the market’
The role of development finance to assist in the aims of radical economic transformation has come into sharp focus at the ANC policy conference
e.tv has admitted that money was involved in a series produced by eNCA, apparently in collusion with the minister of economic development.
The economic development minister says government is seeking a restitution package from colluding construction firms following a R1.5-billion fine.
The rand has declined after Pravin Gordhan was replaced as finance minister and new leadership appointed in the mining and energy ministries.
South Africa must use the potential of mining inputs to drive industrialisation, comments Ebrahim Patel.
Following Competition Commission head Shan Ramburuth’s resignation, Economic Development Minister Ebrahim Patel has appointed Thembinkosi Bonakele.
Spending on infrastructure has more than doubled under the current administration and is expected to total R1-trillion by next year’s election.
Fifteen construction firms have been ordered to pay penalties amounting to R1.46-billion for collusive tendering, says the Competition Commission.
Economic Development Minister Ebrahim Patel says Jacob Zuma’s proposed freeze on salary hikes for a year would apply to the private and public sector.
Opposition parties have slammed Economic Development Minister Ebrahim Patel for failing to give clarity on the implementation of a youth wage subsidy.
A new book by the former head of the Competition Tribunal David Lewis argues that the decision-making ability of competition heads has been destroyed.
The South African government has begun thinking of implementing a new model of funding the Industrial Development Corporation, namely cash injections.
The government has roundly welcomed the ruling on the Walmart/Massmart merger and appears unlikely, at present, to take the matter to court.
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/ 20 February 2012
BMW will invest R2.2-bn in the economy with a new vehicle series — indicating a "vote of confidence" from the private sector, says Ebrahim Patel.
The state, economists say, can afford to double its debt levels and lift borrowing to about R1-trillion to pay its ambitious infrastructure plans.
The government is taking a tough-love approach to drive its bold, integrated R1-trillion infrastructure plan and the state will crack the whip.
Economic Development Minister Ebrahim Patel says the country will need its entire skills base for government’s R300-billion infrastructure programme.
Why has Economic Development Minister Ebrahim Patel let off the hook by the Canyon Springs investigation into union workers’ missing pension funds?
The DA has accused Sactwu of shielding Economic Development Minister Ebrahim Patel from the fallout of R100-million worth of workers’ pension funds.
Officials say minister left before he was pushed as case into missing worker millions continues.
Enoch Godongwana insists his resignation as deputy minister of economic development is not due to a probe into how R100m in union money disappeared.
Government has made regulations effective allowing the trade and industry department to designate that only locally produced services are procured.
The liquidation inquiry investigating the misappropriation of clothing workers’ pension funds has made headway, leading to two arrests.
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/ 25 November 2011
The green jobs report says South Africa’s green economy could create 460 000 jobs by 2050, which could result in an expanded productive capacity.
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/ 18 November 2011
Business, labour and government signed a green-economy accord, committing to the creation of 300 000 jobs by building a green industrial base in SA.
Trevor Manuel has unveiled the NPC’s national development plan. But how does it differ from the macroeconomic path unveiled by Ebrahim Patel in 2010?
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/ 4 November 2011
Infrastructure development will be a "trigger" to the implementation of the government’s new growth path.
The liquidation inquiry into Canyon Springs, which borrowed and never repaid clothing factory worker’s pension money, was mired in further controversy
Jobs are not being created fast enough to absorb the rising labour force, despite two consecutive quarters of job creation in SA, says Ebrahim Patel.
Government says Walmart’s takeover of Massmart poses a risk to the economy if more stringent conditions are not applied to the merger agreement.
The government remains concerned that the Walmart-Massmart merger will lead to job losses or will stifle job creation, Jimmy Manyi has said.