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Posts Tagged ‘President Cyril Ramaphosa’
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June 11, 2018

RAMAPHOSA HEIGHTENS INVESTORS INTERESTS AT G7 SUMMIT

President Cyril Ramaphosa has welcomed the interest shown in South Africa by the global business community at the just concluded G7 Leaders’ Outreach Summit in Quebec City in Canada.

In a statement, the SA presidency said Ramaphosa welcomed the interest in SA as an investment destination and lauded the “wonderful exchange of views” in a session he described as oversold.

According to the presidency, Ramaphosa regards this interest as demonstrating a recognition of South Africa’s new dawn – a period of renewal and rebuilding.

Ramaphosa concluded his working visit to Canada where he participated in the G7 Leaders’ Outreach Summit held in Quebec City under the [...]

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May 22, 2018

Mcebisi Jonas joins the MTN board

The MTN Group has announced that Mcebisi Jonas and Bajabulile Tshabalala will join the company’s board as Independent Non-Executive Directors from June 1st, 2018.

Tshabalala is currently Executive Director of the consulting and investment holding firm, Barbican Advisory Group while Jonas was the former Deputy Finance Minister who served under both Nhlanhla Nene and Pravin Gordhan.

The Chairman of the MTN Group Phuthuma Nhleko said “I wish to extend a warm welcome to Swazi and Mcebisi. We are all excited to have them onboard. As we continue to steer our business into a new trajectory of execution excellence”.

Nhleko added that he believes that [...]

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April 3, 2018

‘Investors abroad inspired by new president’

Treasury Director General Dondo Mogajane has told Eyewitness News the country’s new leadership has helped Treasury officials, business and labour in their discussions with investors abroad.

Treasury is leading a high-level delegation including representatives of labour and business on a week-long investor roadshow in London, Boston and New York.

The purpose of the roadshow is to continue developing relationships with international investors and to provide them with an update after budget 2018.

It’s understood that new Finance Minister Nhlanhla Nene has been widely welcomed by investors.

Treasury says investors abroad are inspired by the country’s new [...]

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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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