“What we needed from the 2019 budget speech was a substantial decrease in expenditure. What we got was an increase in expenditure, tax, fuel levies and an exceptionally untimely carbon tax. It increases the strain on the economy and carries the South African fiscus...
“The litmus test for minister of finance Mr. Tito Mboweni’s first proper budget is whether state expenditure is reigned in substantially. Drastic cuts to state expenditure, coupled with plans for privatisation of state-owned enterprises, is the only that way a fiscal...
“President Cyril Ramaphosa’s response to the Eskom crisis, delivered as part of the State of the Nation debate, is entirely insufficient. Nominally unbundling Eskom, without a view to privatisation and without steps to open the market to completely private,...
By signing the Competition Amendment Act into law today, President Cyril Ramaphosa further expanded the pervasive influence of B-BBEE and government’s bureaucratic dictates over business. The President’s promise to improve on South Africa’s “ease of doing business” in...
“It is unacceptable for an entire economy to be put at risk to protect Eskom’s monopoly on electricity generation. The only permanent solution is to repeal the legislation prohibiting private electricity generation and trading. This is why Sakeliga launched...
Breaking Eskom up into three specialised companies will do nothing to address the underlying issues which currently cripple it, warned independent business organisation, Sakeliga after President Cyril Ramaphosa delivered his second State of The Nation Address. This is...