Following a 702 headline stating that finance minister Tito Mboewni is set to introduce a bill paving the way for the creation of a state-owned bank in competition with private sector retail and commercial banks, Mboweni and the executive mayor of the city of Ekurhuleni, Mzwandile Masina, got into a heated debate over nationalisation. The..
Continue reading…
‘Open your brain first before opening your mouth,’ says Mboweni to Masina in a heated debate over nationalisation- The finance minister believes the mayor was commenting on topics he has no in-depth knowledge of
Posted on Leave a comment
Two ANC leaders singing different tunes and it is so confusing – Ace Magashule vows South African Reserve Bank will be nationalised whilst Ramaphosa was assuring business leaders in the private sector that the reserve bank would remain independent
Posted on Leave a comment
The ANC’s secretary-general, Ace Magashule has revealed the ANC’s plans regarding the South African Reserve Bank (SARB). A couple days after the party’s NEC had their Lekgotla meeting, Magashule has returned with shocking news of the party’s aim: to nationalise the central bank. South African Reserve Bank targeted for nationalisation by the ANC South Africa’s..
Continue reading…
MPs Demand Privately Owned Dams Be Nationalised
Posted on 25 Comments
Members of Parliament have called for private-owned dams in the country to be transferred to the Department of Water and Sanitation.
This comes after acting chairperson of Parliament’s portfolio committee on water and sanitation Hlomane Chauke alerted the committee that out of 4000 dams, only 350 were owned by the government.
Continue reading…
Department of finance is being run by complete morons
Posted on Leave a comment
New finance minister Malusi Gigaba’s key advisor over the weekend published an opinion piece advocating for the nationalisation of mines, insurance companies and the banks, leaving Treasury with a PR disaster on Tuesday. Ok look, a bad PR day for some government departments wouldn’t normally cause too much of a ruckus, except if that department..
Continue reading…
Bank of America echoes Malema’s Nationalization sentiment while Credit Suisse says investors “concerned” on BEE but Eskom big concern.
Posted on Leave a comment
The Investing in Africa Mining Indaba started quietly under the radar in Cape Town yesterday. Some of the approximately 7,000 participants streamed into the CITCC for the world’s “premiere” mining investment event and the elephant in the room – electricity supply – was immediately exposed at the event’s inaugural critical session where Tony Blair and Graça..
Continue reading…