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Posts Tagged ‘Jacob Zuma’
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March 16, 2018

SA to raise GDP growth forecasts in October – Nene

National Treasury will probably raise projections for economic growth this year in its October mid-term budget as the country overcomes governance and financial problems that have lowered confidence, said Finance Minister Nhlanhla Nene.

Newly appointed President Cyril Ramaphosa reappointed Nene to the role last month. When former leader Jacob Zuma fired him and replaced him with a Des van Rooyen in 2015, the move triggered a sell-off in the rand and bonds.

Policy uncertainty and state graft concerns saw Fitch Ratings and S&P Global Ratings lower their assessments of the nation’s debt to junk. The economy slumped into a recession in 2017 and has mounted a fragile [...]

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March 15, 2018

Who will be hit hardest by land redistribution without compensation

Economic Freedom Fighters (EFF) leader Julius Malema again made headlines over the past weekend with controversial comments on land ownership in South Africa.

Speaking at a supporter rally in Johannesburg, Malema said that the land in South Africa was taken by whites through genocide, and would be returned to the people.

In his address, the party leader was careful to word things in a way that did not overtly incite racial tensions, saying that the land should be taken from white people, and given to all (white people included), while maintaining that there should be no disruption to agricultural food supply, and no civil war.

“We are not going to disrupt [...]

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March 15, 2018

WITH BOGEYMAN ZUMA BEHIND, SA STEPS INTO THE POLITICAL UNKNOWN

Over the weekend leader of the Economic Freedom Fighters Julius Malema demonstrated, if another demonstration was necessary, that he intends to make the 2019 elections all about race. At the same time, the election of Cyril Ramaphosa as ANC leader and then president of the country has led to claims that our politics is about to change fundamentally.

It is, obviously, incredibly foolish to attempt to predict the issues and outcomes of the 2019 elections on a date as early as today’s. The land issue could play out in complex and emotive ways, or somehow end up on the back burner as it has for the last 20 years.

Still, the actions of some politicians are rather revealing. [...]

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February 26, 2018

Another fuel price cut on the cards for March

While the recent political changes have inspired a more jubilant mood among many South Africans, motorists will have even more reason to smile at the beginning of March, with current data indicating that a fuel price reduction is on the cards.

Mid-month data is pointing towards a petrol price decrease of around 30 cents a litre while the cost of diesel is likely to fall by approximately 40 cents and illuminating paraffin by 21 cents.

This would bring the price of 95 Unleaded down to R13.82 in Gauteng and R13.33 at the coast.

However, current trends indicate that an even bigger decrease is possible – depending on how oil prices and the currency play along [...]

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