The ANC’s top officials were notified of Nhlanhla Nene’s nomination for head of the African Regional Centre of the New Development Bank/Brics bank as far back as six weeks ago. “The president did consult ANC officials about six weeks ago about the Brics nominee. He explained will need to send[…]
South Africa has seen the position of its finance minister occupied by three different individuals within the space of a week, a shocking series of appointments that have thrown the country’s economy into disarray. President Jacob Zuma on Sunday announced the appointment of Pravin Gordhan as the head of the[…]
Following the surprise axing of Nhlanhla Nene as finance minister on Wednesday, there has been a large outcry from the public, media and analysts, who believed President Jacob Zuma’s decision could push the country into economic “junk” status. During his political career Zuma has faced a litany of accusations and[…]
Finance Minister Nhlanhla Nene’s 2015/16 budget took the correct approach in dealing with power utility Eskom’s financial issues, ANC treasurer general Zweli Mkhize said on Wednesday. “I’m pleased that there’s a very strong effort to deal with the Eskom issues,” he said. “The allocation from government… and balancing out of[…]
The South African Chamber of Commerce and Industry (SACCI) has suggested that any major tax increase announcement during finance minister, Nhanhla Nene’s budget speech could be detrimental to the small and medium sized enterprises (SME) sector. The minister is expected to deliver his annual address on Wednesday, with all eyes[…]
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