Selling SA in a challenging global investment climate


POSTED ON: November 13, 2019 IN by Admin

Broader macro constraints need to be tackled, such as the implementation of measures that will ensure energy security, stabilising the debt pile and consolidating the fiscus. Unless these are addressed, many participants may continue viewing events like the investment conference simply as mere talk shops.

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Much work ahead


POSTED ON: November 1, 2019 IN , by Admin

Recovery should kick off with allowing state-owned enterprises to be run like businesses

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The challenges are clear; working together we can turn things around


POSTED ON: October 30, 2019 IN by Admin

The MTBPS has brought home how serious our financial predicament is. All social partners, including business, labour and civil society will have to work together to turn around what has become an entrenched low growth trend. BLSA is ready to play its part in developing the solutions needed to put South Africa back onto a growth path that will deliver our people a better future, free of poverty.

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“Mini Budget” preview – mini in name only


POSTED ON: October 28, 2019 IN by Admin

In years past, this week’s speech – that doesn’t carry as much weight as the February budget – was primarily seen as a marker in calendars of just when the state would be unofficially going on its summer holidays. It couldn’t be more different now as it will serve as a statement of intent of Ramaphosa’s first administration, and perhaps the constant date changes bear testimony to its importance – we hope.

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Integrated Resource Plan: we welcome the certainty, but worry about coal and nuclear hold on ANC politics


POSTED ON: October 20, 2019 IN by Admin

Despite our reservations about the planned coal and nuclear future and further expansions because of cost, environmental and perhaps unavoidable political considerations, we welcome the clear path being set in the IRP for the industry – and for the clear role for investors to play in shaping our energy future. This week’s load-shedding serves no better reminder of the urgency of the matter.

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Reserve Bank nationalisation: a political debate that won’t die


POSTED ON: October 18, 2019 IN , , by Admin

The loss of unambiguous independence of the bank in its oversight of financial stability would potentially put South Africa at odds with international obligations and risk its continued access to the global financial system. SA is highly dependent on foreign capital inflows to finance its budget and current account deficits.

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Prescribed assets? There are more productive options to spur growth


POSTED ON: October 16, 2019 IN by Admin

Prescribed assets primarily will divert savings from the private sector to the public sector, reducing private sector investment. It is also a challenge to the principle of property rights, effectively expropriating the savings of a certain segment of the public.

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The slow pace of change within SOEs is enough to cause panic


POSTED ON: September 19, 2019 IN , by Admin

Over the past two years, the idea mooted has been one of prescribed assets as being a panacea for ailing state-owned enterprises and in the main it’s all about Eskom. While we appreciate the desperation of the Eskom question, we urge caution on something that looks like a knee-jerk response and on the surface at least, an easy fix for what’s seemingly exasperated policymakers.

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Cabinet must forget squabbles and back the Mboweni plan


POSTED ON: September 4, 2019 IN by Admin

When Cabinet meets tomorrow they will in all likelihood do so against a background of news of a positive second-quarter of economic growth and thereby escaping the technical definition of a recession – two consecutive quarters of contraction. For some in that meeting, that may just provide some space to discuss other pressing matters in their departments, unrelated to all things economy and growth.

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FNB initiates a dialogue with SA’s township entrepreneurs


POSTED ON: November 14, 2017 IN by Admin

In line with Global Entrepreneurship Week last month, FNB Business conducted a series of engagements with township entrepreneurs across South Africa’s biggest townships. The engagements started in Tembisa and Soweto townships in Gauteng and were followed by uMlazi Township in KwaZulu- Natal and Khayelitsha in the Western Cape. Mike Vacy-Lyle, CEO of FNB Business said…

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