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King Sabata Dalindyebo municipality announces ambitious rail plans

The King Sabata Dalindyebo municipality, the third-largest economy in the Eastern Cape, might have failed to become a metro, but municipal bosses this week announced grand plans to further bolster the local authority’s economy. Giving an administrative overview of the municipality during the first day of KSD’s mega strategic planning session at the Savoy Hotel and Conference Centre in Mthatha on Monday, municipal manager Ngamela Pakade revealed ambitious plans to revive a railway line betwee...

Stutterheim , Eastern-cape , South-africa , King-sabata-dalindyebo , Comment-policy , Mthatha , Railway-line , Sabata-dalindyebo , Ngamela-pakade , Priority , Nelson-mandela

Michelle Phillips appointed as Transnet Group CEO

Public enterprise minister Pravin Gordhan has appointed Michelle Phillips as Transnet Group CEO and Nosipho Maphumulo as the chief financial officer.

Nosipho-maphumulo , Pravin-gordhan , Michelle-phillips-as-transnet-group , Michelle-phillips , Transnet-group , Transnet-pipelines , Ceo , Appointments , Transnet , Chief-financial-officer , Phillips , South-african

Budget only kicks SA growth and debt cans down the road

The raid on the gold and foreign exchange fund is easy money, but steps need to be taken to boost SA’s economy, writes Patrick Bulger.

South-africa , South-africans , World-war , Sunday-times , Comment-policy , Enoch-godongwana , Money , St2502patrick-opinion-budget , Sa , Thabo-mbeki , Anc

Godongwana's big offshore boo-boo

Finance Minister Enoch Godongwana has admitted that National Treasury made a mistake when it allowed pension funds and other asset managers to increase their offshore holdings

South-africa , World-war , Sunday-times , Enoch-godongwana , Udget2024 , Budget-speech , Asset-management-companies , Asset-managers , Long-term-insurers , Pension-funds , Offshore-investments

It's not just the economy, it's governance

In September 1997 I walked into the Volkswagen South Africa factory for an interview for my very first job, as a trainee in public affairs, writes Songezo Zibi.

South-africa , Enoch-godongwana , Volkswagen , Volkswagen-south-africa , World-war , Sunday-times , Comment-policy , Governance , St2502-songezo-zibi , Print-head , Anc , Trevor-manuel

Anoj Singh fails to secure relaxed bail conditions to take up CEO job in Dubai

Former Transnet CFO Anoj Singh's application for relaxed bail conditions to be able to take up a CEO job in Dubai has been denied.

South-africa , Dubai , Dubayy , United-arab-emirates , Niven-pillay , Anoj-singh , Brian-molefe , Phetolo-ramosebudi , Siyabonga-gama , Eric-wood , Kuben-moodley , Daniel-roy

In election year, mines bleed cash, jobs

South Africa's mines are cutting thousands of jobs and paying much less tax, muddying the domestic economic outlook months away from crucial elections.

United-states , South-africa , American , Anglo-american-platinum , Kumba-iron-ore , Exxaro-resources , Miners , Nelson-banyajohannesburg , Claude-baissac , African-national-congress , Impala-platinum

DA loses case on constitutionality of ANC deployment committee

The high court said the DA relied on a ‘generalised disenchantment and broad sweeping conclusions in pleading a constitutional attack’

South-africa , World-war , Sunday-times , Anc , Da , Parties , Constitutional-court , Raymond-zondo , Aubrey-ledwaba , Pretoria , Noluntu-bam

BUDGET 2024 | Rand leaps after news of Godongwana's budget speech

Markets liked the fact that government will use the Gold and Foreign Exchange Contingency Reserve Account to reduce borrowing

Lesetja-kganyago , Duncan-pieterse , Enoch-godongwana , Foreign-exchange-contingency-reserve-account , Reserve-bank , Budget-review , Borrowing , Debt-servicing-costs , Treasury , Gfecra , Rand , R500bn

Parties slam Godongwana's 'bailout' budget as an election 'gimmick'

Political parties have criticised finance minister Enoch Godongwana’s budget, calling it a missed opportunity to set the country on economic recovery at the expense of the upcoming elections.

South-africa , South-african , African-reserve-bank , Eskom , South-african-reserve-bank , Party , Anc , Enoch-godongwana , Dion-george , South-africans , Da