Why no money? - Polity
28 January 2021 - ‘We do not have the money, that’s the simple truth that has to be put out there, we are constrained from a financing point of view.’ So said President Ramaphosa in a recent interview with eNCA, answering questions about relief to firms in distress as a result of the Covid-19 pandemic and the lockdown response to it. It was hardly a revelation, coming on top of the nightmare that was 2020, yet for the president to utter these words has a particular symbolism.
Terence Corrigan
‘We do not have the money, that’s the simple truth that has to be put out there, we are constrained from a financing point of view.’ So said President Ramaphosa in a recent interview with eNCA, answering questions about relief to firms in distress as a result of the Covid-19 pandemic and the lockdown response to it. It was hardly a revelation, coming on top of the nightmare that was 2020, yet for the president to utter these words has a particular symbolism.
The cynical application of B-BBEE is it keeps the public from engaging in instances where it’s used well, argues the writer. (iStock)
The socio-political reasons B-BBEE is associated with corruption eclipse its potential as a solution but resulting criminal booze networks worsen that criminality, writes
Siya Khumalo. There will soon be lots of nice bankrupt businesses for ANC members to buy cheaply. This is not class suicide, but it is economic murder,” speculated a BizNews reader regarding the alcohol sales ban that’s cost the fiscus over R15 billion and the alcohol value chain, 165 000 jobs. This isn’t counting the cost of restarting and closing down glass furnaces, or shop floor space that’s occupied by unsellable stock.
Press Release: Beware of placing transformation before job creation in tourism sector
26 January 2021 - Today President Ramaphosa will address the launch of Tourism Equity Fund, which was established by the Small Enterprise Finance Agency (Sefa) in partnership with the Department of Tourism ‘to drive transformation in the tourism sector’ via ‘a new financial support mechanism to stimulate investment and transformation in the tourism sector’.
Today President Ramaphosa will address the launch of Tourism Equity Fund, which was established by the Small Enterprise Finance Agency (Sefa) in partnership with the Department of Tourism ‘to drive transformation in the tourism sector’ via ‘a new financial support mechanism to stimulate investment and transformation in the tourism sector’.