Streaming issues? Report here
John Maytham 2019 1500 BW John Maytham 2019 1500 BW
Afternoon Drive with John Maytham
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with John Maytham
15:00 - 18:00
Home
arrow_forward
Business
fiber_manual_record
Politics

Should Pravin Gordhan get more power?

22 October 2019 3:29 PM
Tags:
Eskom
Pravin Gordhan
Parliament
The Money Show
Bruce Whitfield
Investec
SOEs
Treasury
Minister of Public Enterprises
state-owned enterprises
Department of public enterprises
Nazmeera Moola
Portfolio Committee on Public Enterprises
Shareholder Management Bill

The Department of Public Enterprises wants more power to oversee SOEs. Bruce Whitfield interviews Investec’s Nazmeera Moola.

Parliament's Portfolio Committee on Public Enterprises wants the Shareholder Management Bill to be fast-tracked.

If enacted, it would give the Department of Public Enterprises more power to oversee South Africa’s ailing state-owned enterprises (SOEs).

Public Enterprises Minister Pravin Gordhan at an Eskom press briefing. Picture: Abigail Javier/EWN.

The continual bailouts and guarantees are placing the South African economy at risk…

Parliament's Portfolio Committee on Public Enterprises (Budgetary Review and Recommendation Report)

The Money Show’s Bruce Whitfield interviewed Nazmeera Moola, Head of Investments at Investec Asset Management.

A lot of the problems we’re facing are because Ministers and the then-President interfered too much. They effectively did a lot of the things we now want to legislate permission to do.

Nazmeera Moola, Head of Investments - Investec Asset Management

Listen to the interview in the audio below (and scroll down for more quotes from it).

Are we going to split Eskom up? That’s what the Minister of Public Enterprises should focus on… making decisions on the big issues and allowing the board to run the company together with, hopefully, a competent CEO…

Nazmeera Moola, Head of Investments - Investec Asset Management

We need plausible expenditure cuts… we’re all assuming that’s not going to happen. So, if they can’t do that, then Treasury needs to be selling hope. In selling hope, they need the Eskom white paper to present a plan that shows that Eskom’s weight on the economy can be stabilised and contained…

Nazmeera Moola, Head of Investments - Investec Asset Management

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:


This article first appeared on 702 : Should Pravin Gordhan get more power?


22 October 2019 3:29 PM
Tags:
Eskom
Pravin Gordhan
Parliament
The Money Show
Bruce Whitfield
Investec
SOEs
Treasury
Minister of Public Enterprises
state-owned enterprises
Department of public enterprises
Nazmeera Moola
Portfolio Committee on Public Enterprises
Shareholder Management Bill

Recommended

More from Business

Cape Town CBD during lockdown Step Above

Weekday traffic in Cape Town still way below pre-lockdown levels

8 July 2020 3:03 PM

Traffic volumes on the N1, N2, N7 and M5 freeways were only at about 65% of normal levels by the end of June.

Share this:
Read More arrow_forward

black-family-house-for-sale-sold-property-household-investment-bond-rent-123rf

'Demand for property below R3 million is starting to recover'

8 July 2020 1:35 PM

For some properties – with interest rates at half-a-century lows – it’s becoming cheaper to buy than to rent.

Share this:
Read More arrow_forward

City of Cape Town Foreshore City Bowl business municipality 123rflocal 123rf

'R1 million salary hike for Wesgro CEO Tim Harris can't be justified' - Herron

8 July 2020 12:51 PM

Good Party Brett Herron and former Wesgro board chair Brian Figaji share their perspectives with Refilwe Moloto.

Share this:
Read More arrow_forward

insurance-claimjpg

Insurer expected to appeal court ruling on Covid-19 business interruption claims

8 July 2020 12:16 PM

The Western Cape High Court has ruled that Guardrisk must pay Cape Town restaurant, Cafe Chameleon, for its business interruption claim.

Share this:
Read More arrow_forward

200706-truter-vbs3-edjpg

VBS CFO Truter 'was the sentinel who should have sounded the alarm'

8 July 2020 7:28 AM

Scorpio investigative journalist at Daily Maverick, Pauli van Wyk explains how VBS CFO Philip Truter was paid to keep quiet.

Share this:
Read More arrow_forward

Port Louis Mauritius

World Bank declares Mauritius to be a high-income country

7 July 2020 8:36 PM

It’s official – Mauritius is a rich country. It joins Seychelles as the only other African country on the list.

Share this:
Read More arrow_forward

Dar es Salaam Tanzania 123rf 123rfbusiness Africa 123rfAfrica

World Bank declares once-poor Tanzania a middle-income country

7 July 2020 8:09 PM

It’s official - Tanzania, though not yet rich, is no longer poor. Bruce Whitfield interviews Lee Kasumba (Africa State of Mind).

Share this:
Read More arrow_forward

180831-old-mutual-edjpg

Old Mutual's hackneyed new TV ad looks like Allan Gray in green – Andy Rice

7 July 2020 7:38 PM

Ouch! The Money Show's Bruce Whitfield asks Andy Rice why he gives Old Mutual’s new television commercial a “zero”.

Share this:
Read More arrow_forward

Clover blue man

Clover’s trippy blue bottle ad campaign – so bad (and bizarre) it’s good

7 July 2020 7:30 PM

People will be talking about it ‘till they’re blue in the face. The Money Show's Bruce Whitfield interviews ad expert Andy Rice.

Share this:
Read More arrow_forward

Covid-19 insurance 123rf 123rfbusiness 123rflifestyle 123rfpersonalfinance

Shareholder activists grill Santam about 'business interruption insurance'

7 July 2020 6:47 PM

The lockdown did it – not the pandemic – so we can’t pay, argues Santam. Bruce Whitfield interviews Tracey Davies of Just Share.

Share this:
Read More arrow_forward

More from Politics

premier-alan-winde-wearing-face-maskjpg

[WATCH] I've tested positive for Covid-19, anyone can get it: Premier Alan Winde

8 July 2020 3:07 PM

Western Cape Premier Alan Winde has announced that he's tested positive for the coronavirus.

Share this:
Read More arrow_forward

200706-truter-vbs3-edjpg

VBS CFO Truter 'was the sentinel who should have sounded the alarm'

8 July 2020 7:28 AM

Scorpio investigative journalist at Daily Maverick, Pauli van Wyk explains how VBS CFO Philip Truter was paid to keep quiet.

Share this:
Read More arrow_forward

mbali

'We need a new way forward' - Mbali Ntuli resumes bid for DA's top job

7 July 2020 4:06 PM

DA leadership hopeful Mbali Ntuli speaks to CapeTalk's Lester Kiewit about her campaign to secure the party's top position.

Share this:
Read More arrow_forward

zweli mkhize

Mkhize says additional nurses being brought in to alleviate Gauteng ICU pressure

7 July 2020 9:16 AM

Health Minister Zweli Mkhize talks to Refilwe Moloto about the various provinces' constraints as the Covid-19 pandemic spikes.

Share this:
Read More arrow_forward

Frog in a pot

Are we boiling frogs? And why do SUV drivers look so confused, asks Tom Eaton

6 July 2020 8:18 PM

The Money Show’s Bruce Whitfield interviews columnist Tom Eaton about his new book, "Is it me, or is it getting hot in here?"

Share this:
Read More arrow_forward

200406-lockdowngif

101 days of lockdown: What we gained (and lost), and what we have learned

6 July 2020 8:07 PM

The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.

Share this:
Read More arrow_forward

Helen

Zille's apartheid tweet exposes 'crisis of whiteness' in DA and society - Basson

6 July 2020 7:22 PM

News24 editor-in-chief Adriaan Basson says groups like Afriforum and people like Helen Zille are "capitalising on white fears."

Share this:
Read More arrow_forward

200206-john-hlophe-edjpg

Chief Justice Mogoeng wants Judge John Hlophe to face misconduct tribunal

6 July 2020 6:38 PM

Chief Justice Mogoeng Mogoeng has found that John Hlophe has a case to answer regarding his alleged assault of a fellow judge.

Share this:
Read More arrow_forward

2001618-vbs-matodzi-edjpg

No theft at VBS. It’s politics and racism – alleged kingpin Tshifhiwa Matodzi

6 July 2020 6:22 PM

Bruce Whitfield talks to amaBhungane investigative journalist Dewald van Rensburg, who extensively interviewed Matodzi.

Share this:
Read More arrow_forward

cleaner-domestic-worker-house-keeper-yellow-glovesjpg

'Domestic workers struggling to access government's special Covid-19 relief'

3 July 2020 12:11 PM

Sadsawu's Myrtle Witbooi explains many domestic workers aren't UIF registered and the direct contact number is hard to access.

Share this:
Read More arrow_forward