On paper, Anglogold's had the worst year among listed gold companies, but a ruthless handle on costs and a mine-by-mine review should start to pay off
It would seem like the main job of most municipal officials is to look for increasingly creative ways to suck residents dry. If only they applied this diligence to their actual job
It’s ‘highly unusual’ for such farms to have $4m cash on hand
An FM survey shows that even the prices of basic foods has rocketed more than 20% in a year, putting SA’s already-tenuous social stability at risk. But hiking grants, while a temporary relief, won’t ...
A new book asks why certain cities became the epicentre of the world at a specific point — and speculates which ones might lead in the future
It has taken the Covid-19 crisis to push SA to this point, but finally, after years of prevarication, the government has accepted that SA’s public finances are dangerously overstretched and unprecedented spending cuts, coupled with deeper economic reforms, are needed to avoid a sovereign debt crisis.
The cabinet has been scared into accepting this prognosis from finance minister Tito Mboweni by the Covid-induced collapse in SA’s fiscal ratios. Based on National Treasury’s estimate that real GDP growth will contract by 7.2% in 2020, the consolidated deficit will double to 15.7% of GDP, and gross debt will exceed 81% of GDP in the current fiscal year...
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