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April 2018
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Posts Tagged ‘President Cyril Ramaphosa’
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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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March 2, 2018

Julius Malema to lead motion on expropriation of land without compensation

On Tuesday, the EFF leader will tell Parliament that an ad hoc committee should be established to review and amend section 25 of the Constitution.

EFF leader Julius Malema. Picture: ALAISTER RUSSELL

Economic Freedom Fighters (EFF) leader Julius Malema will be in Parliament on Tuesday, to lead a motion on expropriation of land without compensation.

Eighty-five minutes have been set aside to consider the draft resolution at a plenary sitting of the National Assembly.

In the resolution‚ the party proposes that an ad hoc committee be established to review and amend section 25 of the Constitution to make it possible for the state to expropriate land in the public [...]

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February 26, 2018

10 interesting facts about President Cyril Ramaphosa

President Cyril Ramaphosa is flanked by his wife Dr Tshepo Motsepe and the Speaker of Parliament Baleka Mbete. Picture: GCIS

While the fifth post-democracy president is a seasoned politician and businessman there are many interesting things about Cyril Ramaphosa that the public are not aware of.

For instance, how many people know that Ramaphosa was in fact Nelson Mandela’s preferred candidate to succeed him as president? Or that Number 1 was the first secretary-general of Cosatu?

Here are ten interesting facts about SA’s new president:

He is one of the richest people in the country and is estimated to be worth around R5.67 billion. He has four children [...]
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