Parks Tau
latest news & developments
Black Business Council accuses top law firms of resisting transformation over Legal Sector Code challenge
A legal battle over South Africa’s Legal Sector Code has reignited debate over transformation, ownership targets and procurement rules in the legal profession
IDC avoids confirming board probe into Tinley Club Med deal
The IDC has not confirmed whether a formal board inquiry was conducted into the Tinley Club Med transaction, leaving key governance questions unanswered
IDC under scrutiny as entrepreneurs detail liquidation fallout
An entrepreneur has accused the Industrial Development Corporation of rigid recovery practices that ignore the impact of Covid-19, as calls grow for an inquiry into its treatment…
Dearth of State briefing; death of black legal practice
Discriminatory procurement practices keep black law firms small, while many black advocates are forced to leave the Bar. LPC statistics for 2024 show that the largest majority…
Ramaphosa launches R2 trillion investment drive
After securing R1.5 trillion in investment commitments, President Cyril Ramaphosa said the new target is to attract an additional R2 trillion in investment
SA pitches itself as Africa’s gateway amid global market turbulence
As South Africa prepares to host the sixth SA Investment Conference, government leaders and economists say global instability, including tension in the Middle East, unexpectedly…
Tau leads drive to save Tongaat Hulett
The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector
Parks Tau: Trade Industry and Competition
SCORE: C+ Tau has had a tough year navigating the global turmoil triggered by US tariffs on several countries. The 30% on South Africa’s exports is certainly not a reflection of…
South Africa offers US a revised trade deal and seeks to diversify exports
Trade Minister Parks Tau said the US’s 30% tariff on exports has necessitated a balanced response between renegotiation, trade diversification and protection from an import surge
South Africa seeks new export markets as US tariff looms
While the government negotiates a mutually beneficial deal with the US, it says it is making plans to diversify its export marke
Finance MMC job in Jozi a political hotbed
The delay in appointing a finance MMC in the City of Johannesburg stems from the perception that the position is seen as a stepping stone to the mayoral seat, making it a hotly…
Ramaphosa’s big Trump trade-off
But he secured tentative trade talks as negotiations with officials on a pact between South Africa and the US were set to continue
Ramaphosa to press Trump on attending G20 summit, racial redress
The presidency believes the US president knows his invective against South Africa is devoid of truth
Transformation fund introduces new empowerment codes for transport sector
A significant portion of the R100-billion transformation fund will be allocated to the transport sector with an aim to unlock inclusive growth in the mobility value chain.
Ramaphosa plans to pitch trade deal to Trump
The president is taking a transactional approach to resolving a diplomatic tempest