Reality bites with IMF loan


POSTED ON: July 29, 2020 IN , , by Admin

By Busi Mavuso

SA is being bailed out by the IMF because we can’t finance the Covid-19 battle ourselves. That’s because of our low growth over the last five years.

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Corruption is still rife


POSTED ON: July 27, 2020 IN , by Admin

By Busi Mavuso

President Cyril Ramaphosa’s address to the nation last week was focused on growing corruption around funds dedicated to our war against Covid-19. A sad state of affairs.

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BLSA CEO’s Weekly – 27 July


POSTED ON: IN , , by Admin

By Busi Mavuso

Scenes of police using water cannons against protesting restaurant workers in Cape Town were shocking. People have a right to protest.

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Another resignation at an SOE a cause for concern


POSTED ON: July 23, 2020 IN , by Admin

By Busi Mavuso

The CEOs of SOEs have to reform them. That’s their function and they need to be backed if SOEs are going to be part of the solution to the deepening economic recession.

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Women and youth feel the pain of tourism shutdown


POSTED ON: July 21, 2020 IN , by Admin

By Busi Mavuso

If supporting women to become financially independent is among the state’s priorities, denying women and youth the ability to earn a living due to lockdown of industries such as tourism, is the ultimate contradiction.

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Interview: SA’s problems precede the virus


POSTED ON: July 20, 2020 IN , by Admin

An IMF loan through its stand-by arrangement means SA would have to sign up to conditions. While on the surface it is presented as not being a loss of sovereignty, in reality it is.

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BLSA CEO’s weekly letter – 20 July


POSTED ON: IN , by Admin

By Busi Mavuso

The need for transparency increases dramatically especially when lockdown decisions could destroy the livelihoods of millions of citizens, as the alcohol ban does.

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A trap long set


POSTED ON: July 19, 2020 IN , by Admin

By Busi Mavuso

SA’s application for $4.2bn from the IMF exhausts the ‘conditionality free’ money; the next step will be borrowing based on harsh but necessary conditionality.

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Where will more money for SAA come from?


POSTED ON: July 15, 2020 IN by Admin

By Busi Mavuso

Quite simply, the restructuring of SAA into a commercially sustainable airline is too expensive for the state to fund.

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Implementation is key to B4SA’s economic recovery plan


POSTED ON: IN , by Admin

We extend unwavering support to Business for South Africa (B4SA)’s economic recovery plan in its response to the Covid-19 pandemic and the economic shock it has caused.

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