Economic justice

Ministerial handbook amended to limit state waste on cars and trips

24 March 2017

President Cyril Ramaphosa told Members of Parliament in a written reply to questions that his office had referred the latest version of the ministerial handbook to the Department of Public Service and Administration to align it with the macro-configuration of government.

The reply touched on two major commitments Ramaphosa made during his first State of the Nation Address in 2018; namely to reconfigure the state for a smaller Cabinet and to amend the ministerial handbook so that the perks it affords ministers do not amount to excess or waste.

Bosasa CEO's R500K donation to Ramaphosa's campaign

28 March 2019

Multiple reports stemming from testimony before the Zondo commission into state capture this week have claimed that R500 000 was paid by Bosasa CEO Gavin Watson through a front company to the "Andile Ramaphosa Foundation".

This testimony by Peet Venter, Bosasa's former auditor, has proven to be false, News24 found.

Venter's testimony relies on his personal knowledge – he was told by Watson this payment into an ABSA account named "EFG2" was for the Andile Ramaphosa Foundation.

Sanral suspends process of pursuing e-toll debt

The South African National Roads Agency has announced that it is suspending the process of pursuing e-toll debt. 

This after Sanral's board passed an urgent resolution on the matter on Tuesday. 

"It resolved that given the initiative led by President Cyril Ramaphosa to address the e-tolls payment impasse, Sanral will, with immediate effect, suspend the process of pursuing e-toll debt. This includes historic debt and summonses applied for from 2015. No new summonses will be applied for," Sanral spokesperson Vusi Mona said in a statement issued on Wednesday. 

Ramaphosa responds to reports about his son and Bosasa

27 March 2019 

President Cyril Ramaphosa's office has responded to testimony before the state capture commission of inquiry and as well as report published by News24 relating to his son, Andile.

In a lengthy statement issued on Wednesday, the president sought to clarify that an issue surrounding a R500 000 donation to his ANC presidential campaign by Bosasa CEO Gavin Watson held no correlation with a R2-million business deal Andile Ramaphosa had with Bosasa.

Young, educated Africans keen on migrating

27 March 2019 

The most preferred destination for potential African emigrants is neither Europe nor the United States, as one would easily imagine, but another African country! This is according to research network Afrobarometer.

In business this week on The Morning Call, Amelia Martha Nakitimbo looks at the Afrobarometer survey which presents a different picture, in relation to the divisive migrant crisis, which has become a regular subject of news and hot political debates, especially in Europe.


A suspect contract blew the fuse


22 March 2019 

The treasury in late 2017 blocked the extension of a suspicious contract that possibly could have prevented this week’s crippling load-shedding. It was found not to have met public procurement requirements.

Eskom is now investigating new irregularities picked up in a new attempt to restore the contract and to stave off load-shedding.

Will Brexit be delayed?

14 March 2019 

European officials fully expect British Prime Minister Theresa May's government to ask for a delay to Brexit, and admit they will probably reluctantly agree to one.

British MPs will vote on Thursday on a government plan to hold a third ballot on May's deal and request a delayed departure, whatever the result.

But how would such a postponement be triggered and for how long could London put off severing its four-decade-old ties with the European Union?

Standard Bank closes 91 branches

14 March 2019

Approximately 1 200 jobs at Standard Bank [JSE: SBK] will be impacted as the financial services provider embarks on a new banking delivery model.

According to a statement issued by Standard Bank on Thursday afternoon, a total of 91 branches will be closed as the bank opts for a digital banking offering for consumers. The vast majority of these branches will be closed by June 2019, the statement read.

EU says 'no solution' yet to break Brexit deadlock

3 March 2019

The European Union said a solution to the Brexit deadlock remained elusive on Wednesday after the latest "difficult" talks with Britain weeks before its March 29 exit.

EU chief negotiator Michel Barnier gave the state of play after meeting his British counterparts late on Tuesday amid efforts to get the divorce deal through parliament in London.


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