According to the 2010 International Property Rights Index (IPRI) released today, South Africa has retained its position at number 24 out of 125 countries measured. The index is prepared annually from a study conducted by a Hernando de Soto, Fellow at the Washington-based Property Rights Alliance. It is supported by 62 partner organisations worldwide, including […]
Bank has built 25% Eskom hike into targets
An electricity tariff increase of 25%-30% would have only a marginal e ffect on the Reserve Bank’s inflation targets over the medium term, a top Bank official said on Tuesday in the run-up to Wednesday announcement by the National Energy Regulator of SA (Nersa) about its decision on Eskom’s tariff application. Eskom applied for a […]
Private owners an anomaly at Bank — Marcus
The role of private shareholders with personal agendas in the appointment of half the Reserve Bank’s board of directors had created an “unhealthy” and fraught situation, the Bank’s governor, Gill Marcus, said on Tuesday. It also affected the calibre of directors, who should act in the best interests of the organisation, she told Parliament’s finance […]
South Africa: Which side will have the final word?
THE unseemly exchanges between the opposition and African National Congress in the National Assembly last week, which culminated in the “F**k you” statement, have raised a number of issues. Not the least of them is what constitutes robust debate. Perhaps more importantly, though, the exchanges question the impartiality of presiding officers and the erosion of […]
Malema got tenders illegally – Sello Moloto
Former Limpopo Premier Sello Moloto says ANCYL president Julius Malema got government tenders in the province illegally. In an escalating war of words between the two sworn enemies and former comrades, Moloto alleged that Malema got the tenders by intimidating mayors and municipal managers. Moloto, now a Cope Limpopo MPL, said he could not have […]
South Africa: NIA reporting to Malema?
The National Intelligence Agency (NIA) is in the firing line for once again involving itself in the ruling party’s factional battles. This time around the NIA allegedly provided ANC Youth League president Julius Malema with a list of people who are apparently seeking the destruction of President Jacob Zuma supporters. The NIA played a critical […]
SARS part of plot – Malema
SARS has rejected allegations by ANC Youth League leader Julius Malema that some of its top officials drew up a hit list targeting leading politicians who supported President Jacob Zuma’s rise to power. Malema made the claim in an interview on e.news last night. He said the document had been drawn up by, among others […]
South Africa: Malema in Zuma plot rage
ANC Youth League leader Julius Malema has claimed that he has an “intelligence document” listing the names of prominent political leaders who backed President Jacob Zuma’s rise to power, but who are now being targeted to be toppled. Interviewed on SAfm’s After Eight Debate radio programme yesterday, Malema further claimed that preliminary investigations by the […]
S.Africa: Bank has no specific role in growth – Marcus
Reserve Bank Governor Gill Marcus told MPs on Tuesday that the expanded mandate of the bank passed to her by Finance Minister Pravin Gordhan last Wednesday, which explicitly requires the bank to consider economic growth and job creation, does not mean that the bank has a specific role in these matters. She also made it […]
WB puts new Congo deals on ice until row resolved
The World Bank’s private investment arm, the International Finance Corporation (IFC), will not make new commitments in the Democratic Republic of Congo until a dispute over a cancelled mining contract is resolved, a spokesman said. The IFC owns 7,5% of a 553m copper and cobalt project led by Canada’s First Quantum Minerals that the Congo […]