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Tag: Nhlanhla Nene

Eight focus points of the budget speech 2016/17

During his Medium-Term Budget Speech (MTBPS) on 21 October 2015, the then Minister of Finance, Nhlanhla Nene, prepared us that government’s revenue shortfall will again be of paramount importance come the...

Rand meltdown brings SA recession / junk rating closer

According to Bloomberg, South Africa is moving closer to a recession and possible credit-rating downgrade to junk after the rand collapsed and as investors lose faith in the ability of President...

Business confidence hits lowest level in more than 20 years

After the finance minister debacle in December, unstable finance markets and an expect US interest rate hike, it is perhaps no surprise that the South African Business Confidence Index (BCI) fell...

Cabinet gives green light to nuclear procurement

The Cabinet has approved the start of the nuclear procurement programme, clearing the way for the Department of Energy to call for proposals to provide SA with 9.6GW of nuclear power...

Pravin is back

After just four days, David van Rooyen has been removed from his position as South Africa’s Finance Minister as President Jacob Zuma reinstated former Finance Minister Pravin Gordhan to the post....

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Pick n pill prescription stopped

SUPERMARKET giant Pick n Pay has sold its retail pharmacy business to health and beauty retailer Clicks for an undisclosed sum. The deal will include...

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