'US withdrawal from Paris climate accord will not slow global momentum'
White fragility is a powerful tool to silence conversations on race, says author
China's 5G roll-out could secure its lead in tech race against US
CSA needs a total cleanout, says cricket writer Stuart Hess
Cricket SA boss Thabang Moroe suspended, after Standard Bank sponsor pulls out
Differently abled Tarryn Tomlinson is climbing Kilimanjaro for a worthy cause
Government places City of Tshwane under administration
Hawks arrest 5th National Christian Resistance Movement suspect in Cape Town
I feel quite strongly that the DA is not much different from ANC ,says Refilwe
Controversial reclassification of wildlife a positive move, says game rancher
Unleash your inner foodie with McDonald’s… seriously?
Weather data suggests drought, heat and a poor harvest likely across SA
W Cape Premier Alan Winde says province and city are geared up for the season
SA banks ARE trying harder to lower fees - Solidarity
John Maytham's Weekly Book Review: 06 December 2019
Val de Vie ranked SA's top residential estate once again
Want to start a small business? Lessons from a successful serial entrepreneur...
Uber SA's safety contact centre is run by 700 Egyptians all the way in Cairo
Cameras and security equipment sold off in last day of Bosasa auction
'I’m deeply worried we pretend we don’t know what’s wrong with the economy'
There’s more than enough evidence and research… You don’t need another week, month or year of legotlas… We just don’t have time!
Dr Iraj Abedian, CEO - Pan-African Investments and Research Services
The economy is toast. Tax revenue is down, despite higher tax rates. The ANC’s choices are becoming starker, Finance Minister Tito Mboweni warned the ruling party’s National Executive Committee (NEC) on Monday.
Slow progress to date on structural reforms means growth will remain low…
Tito Mboweni, Minister of Finance
Mboweni described how South Africa’s state-owned enterprises are bleeding its citizens dry.
The most glaring example is Eskom; its debt is the size of the entire mining and agricultural sectors combined.
If no corrections occur, in a slow-growth environment, we face even greater adjustments in three years’ time.
Tito Mboweni, Minister of Finance
He reiterated aspects of his economic recovery plan vehemently attacked by Cosatu.
…stop subsidising inefficient SOCs [state-owned companies] to deliver services more effectively done by someone else and sell SOCs that have no clear public service mandate…
Tito Mboweni, Minister of Finance
Treasury wants to allow households and companies to generate electricity with rooftop solar PV and sell excess electricity to the grid.
It also proposes the sale of Eskom’s coal-fired power stations with a predetermined agreement to buy back electricity.
The Money Show’s Bruce Whitfield interviewed Dr Iraj Abedian, CEO at Pan-African Investments and Research Services.
Listen to the interview in the audio below (and scroll down for more quotes from it).
It would be better if he [President Ramaphosa] stops talking about it [the economy] and does something about it. We all know what needs to be done. What we don’t need is more talk…
Dr Iraj Abedian, CEO - Pan-African Investments and Research Services
I’m deeply worried that we pretend that we don’t know what’s wrong and that we pretend as if we don’t know what needs to be done…
Dr Iraj Abedian, CEO - Pan-African Investments and Research Services
All those who disagree [with Treasury’s growth plan] have no alternative solutions. They’re only criticising…
Dr Iraj Abedian, CEO - Pan-African Investments and Research Services
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This article first appeared on 702 : 'I’m deeply worried we pretend we don’t know what’s wrong with the economy'
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