A review of the SA Reserve Bank mandate features in the ANC’s election manifesto, which brushes off the push for nationalisation, but instead drives for a more flexible monetary policy.
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The ANC targets Reserve Bank mandate, they want a more flexible monetary policy
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The Rand is firm for now, but Moody’s delays ratings move!
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The rand strengthened further on Monday after Moody’s Investors Service held off on its ratings review of South Africa on Friday.
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Basa: Nhlanhla Nene fears worsening ‘jittery’ markets
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Uncertainty over the future of Finance Minister Nhlanhla Nene is leaving markets jittery, in a development the Banking Association of South Africa (Basa) has described as “unfortunate”.
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REPORT – Nhlanhla Nene asks to be relieved of his duties
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Following a public apology for meeting the Gupta brothers at their Saxonwold home instead of a public place, Finance Minister Nhlanhla Nene has asked to be relieved of his duties, according to a Business Day report on Monday.
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Tea parties at Saxonwold:- A timeline of Nene’s meetings with the Guptas
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As rumours swirl that Nhlanhla Nene may have had an untoward business relationship with the Gupta family, the finance minister has denied any such claim but has admitted that he did have meetings with the family during his tenure as deputy minister.
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State Capture Inquiry Update:- Zuma Cabinet members turned against Nene
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Members of former president Jacob Zuma’s Cabinet were hostile towards Finance Minister Nhlanhla Nene after he refused to approve a controversial nuclear deal, the commission of inquiry into state capture heard on Wednesday.
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State Capture Inquiry Updates:- How Zuma faked a job for Nene
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Former president Jacob Zuma did not give Nhlanhla Nene any reason why he was fired from his position as finance minister in December 2015, but instead presented Nene a “fabricated” job offer.
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No wonder municipal service delivery is so poor in SA because 50% of city councils bosses are not qualified for the position they currently holds
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Nhlanhla Nene, finance minister, revealed that more than half of the country’s municipal managers and chief financial officers did not meet the minimum eligibility criteria for the position they hold. On inquiry, he said that only 79 of the 218 financial officers were properly qualified, while in nearly 40 municipalities there were vacancies for both..
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Cabinet reshuffle: A new dawn in the economic cluster
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Less than two weeks after he hinted that change was coming, President Cyril Ramaphosa made sweeping changes to his cabinet, including the return of Nhlanhla Nene as the finance minister.
Other major changes to key economic portfolios include the appointment of Pravin Gordhan to the ministry of public enterprises to replace Lynne Brown; the appointment of ANC chairperson,
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