Market data including bonds and fuel prices
The unskilled workforce in particular will be affected by the steps the country will be compelled to take
A former senior investigator who worked closely with the public protector on the report accused her of watering it down and removing portions
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
Business Day TV speaks to African Rail Industry Association CEO Mesela Nhlapo
Credit bureau sees more defaults ahead as central bank increases interest rates
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
The monetary policy committee increases the key policy rate to 6% from 5%
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
The Italian SUV outguns the Bentley Bentayga's record
At the time of writing, Nhlanhla Nene is still finance minister. I hope he will still be by the time you read this. Let me explain why.
Nene is a loyal ANC cadre who wants to do his job properly. But that implied a tortuous dissonance. What happens when those two ambitions could not be reconciled: when doing then president Jacob Zuma’s will was fundamentally at odds with doing one’s job?
In the case of Nene, we know the answer. When he was presented with a hastily drawn-up contract to tie the state to as much as a trillion rand of debt for the nuclear deal in 2015, he chose to do his job properly. He refused to sign. Of course, there are other cabinet members who went the other way in managing their own dissonant obligations. Nene was summarily dismissed for his decision, sparking an onslaught on the National Treasury that would still be on when Zuma fell. The price for doing one’s job was high.
Psychologists call it hindsight bias: the phenomenon of believing now that we were able ...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.