Restructuring SA’s state-owned enterprises (SOEs) is one of the cornerstones of the state’s long-overdue commitment to structural reforms that would help alleviate pressure on a desperate fiscus and breathe some confidence into the economy.
As the tobacco manufacturers and government fight it out in court over the ban of cigarette sales during lockdown level 3, a body whose interest straddles crime and business is taking a keen interest in the matter. Judgment was reserved on Wednesday in the high court in Pretoria in the matter between the Fair Trade…
If getting the South African economy growing was a national crisis before the outbreak of the Covid-19 pandemic in March, it has now become the greatest emergency that faces this economy in almost 100 years.
What a first half of the year we’ve had. We started 2020 focused on the Treasury’s ability to rein in a widening budget deficit while facing consecutive weeks of load-shedding from Eskom, which burst any hopes of a strong economic recovery.
Last week saw mounting excitement ahead of the ban on alcohol sales being lifted on Monday, the start of Level 3 of the risk-adjusted lockdown. The beginning of the week saw long queues outside bottle stores and other outlets that had been prevented from doing business since the end of March.
Leaders in society, established business, the government and labour have often been accused of not playing their part in working together to find solutions for a country that has been stumbling over its own feet for the past decade.
Today (01 June) sees South Africa gradually opening up the economy in its response to COVID-19 pandemic which has forced this country to be locked into a two month nationwide Lockdown.
More than 10 years ago the politics of the governing ANC changed dramatically when, frightened by the financial crisis unfolding across the Atlantic Ocean, it called for an increased role for government in the state.
Through the various stages of the lockdown we’ve been through over the past two months, the period that starts on June 1 is the most the crucial as we begin to strike a balance between the health of South Africans and the economy.
A few weeks ago, I equated the closing of the economy at the end of March to placing it in an induced coma for the safety of South Africans.
President Ramaphosa announced that most businesses in the country will resume operations when level three of the coronavirus lockdown gets underway on June first – but some categories will remain closed including bars and sit-in restaurants.
OVER THE PAST few decades, we’ve seen technology playing an increasing role in the economy, which has raised questions about how its increased efficiencies would change the nature of the future of business.