EDITOR’S LUNCHBOX: Don’t despair, you’re an optimist — whether you like it or not, says Adrian Gore
But despair might be warranted should the president not do the right thing with Malusi Gigaba (that is, get rid of him)
02 November 2018 - 11:30
byRobert Laing
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SAA “is loss-making, it’s unlikely to sort out the situation, in my view we should close it down”, finance minister Tito Mboweni told investors in New York on Thursday.
Public protector Busisiwe Mkhwebane has given President Cyril Ramaphosa 14 days to act against home affairs minister Malusi Gigaba, who will most likely try to take Mkhwebane’s report on judicial review, further delaying his inevitable departure from the executive.
In a reply to a question from DA MP David Maynier, finance minister Tito Mboweni confirmed that Independent Media did not meet its deadline for a loan repayment to the Public Investment Corporation.
Charting a path that allows the debt ratio to blow out from 55% to 60% of GDP over the next three years is a gamble that will pay off only if it doesn’t prompt more ratings downgrades and if growth recovers.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
EDITOR’S LUNCHBOX: Don’t despair, you’re an optimist — whether you like it or not, says Adrian Gore
But despair might be warranted should the president not do the right thing with Malusi Gigaba (that is, get rid of him)
Stories of Note
Bytes from the digital world
SAA “is loss-making, it’s unlikely to sort out the situation, in my view we should close it down”, finance minister Tito Mboweni told investors in New York on Thursday.
In My Opinion
Matters of debate
“We are, in essence, descendants of the optimists — the pessimists died off,” says Discovery CEO Adrian Gore.
Public protector Busisiwe Mkhwebane has given President Cyril Ramaphosa 14 days to act against home affairs minister Malusi Gigaba, who will most likely try to take Mkhwebane’s report on judicial review, further delaying his inevitable departure from the executive.
Finding Alpha
The long and the short of the markets
“I’m a shareholder ... traumatised, as well, because of the share-price performance,” an investor told Sibanye-Stillwater CEO Neal Froneman.
In a reply to a question from DA MP David Maynier, finance minister Tito Mboweni confirmed that Independent Media did not meet its deadline for a loan repayment to the Public Investment Corporation.
Oh, Very Twitty
The lighter side of the web
Sars IT chief Mmamathe Makhekhe-Mokhuane objects to being called a useful idiot.
Very Visual
Graph of the day
Charting a path that allows the debt ratio to blow out from 55% to 60% of GDP over the next three years is a gamble that will pay off only if it doesn’t prompt more ratings downgrades and if growth recovers.
EDITOR’S LUNCHBOX: Words matter. So do books about dictators (that’s you, Bolsonaro)
EDITOR’S LUNCHBOX: Sars IT strategy? Make rooms for mothers to express milk
EDITOR’S LUNCHBOX: In breaking news, Business Day is in Dr Survé’s bad books
EDITORIAL: Gigaba gives Ramaphosa a chance to jettison perceptions of passivity
Another blow for Malusi Gigaba after bid to appeal in top court fails
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