LEON PETZER Last year saw very good returns globally. If we delve a bit deeper, we will see that there were only a handful of players responsible for these impressive gains. Twenty-five stocks make up 40% of the S&P 500 weighting,…
RENEE ROE With all the troubles South Africa has faced as a country, investing offshore has become a hot topic. The recent Budget Speech again highlighted some of the issues South Africa is grappling with – bailing out mismanaged…
The politics of majoritarian triumphalism were evident at the inauguration of the new Ndlambe council on Tuesday November 23. Despite the platitudes of service delivery over politics by new council speaker Andile Marasi – one of the old…
GERHARD PAPENFUS – CEO of the National Employers Association of South Africa (NEASA) Two weeks ago, it appeared that the ANC was bulldozing ahead in its pursuit of its ideal of a socialist state. It then appeared that the ANC and EFF were…
President Cyril Ramaphosa chaired a virtual inaugural meeting of the Presidential State-Owned Enterprises (SOE) Council on Thursday in a bid to strengthen the framework governing the entities‚ the presidency said in a statement. Acting…
Finance MEC Mlungisi Mvoko has noted with concern public servants who are in breach of stipulated regulations by doing business with the government. This comes after about 10 state employees, from both provincial and local government,…
Food prices have gone up‚ Stats SA data shows Shoppers are right: food has become more expensive. But there are exceptions‚ which savvy or cash-strapped consumers can capitalise on. Ahead of Thursday’s interest rate announcement by the SA…
A special Ndlambe council meeting was held at the Council Chambers on Monday June 15 with specific emphasis on approval of the adjustment budget. Talk of the Town asked Ward 10 and Financial Portfolio councillor, Ray Schenk, for a summary…
At least 59,000 jobs could be lost in the Eastern Cape as a result of the Covid-19 pandemic. About 14,000 of these positions could be shed in the next three months alone. This is the grim outlook contained in a report from premier Oscar…
LINDA ENSOR AND TIMESLIVE The government needs to support all enterprises in its Covid-19 relief funding, regardless of race, says finance minister Tito Mboweni. “I think that we need to support all enterprises, black and white, as long…
It was bad news all round on Wednesday, as finance minister Tito Mboweni painted a dire picture of a government drowning in debt of about R3-trillion, with the civil servants’ wage bill among the biggest threats to SA’s finances. In a…
MARKET WRAP The JSE closed flat on Friday‚ but ended the week 2.58% lower‚ after neither global markets nor the rand gave the local bourse a clear direction. The all-share fell 0.08% to 52‚093 points and the top 40 lost 0.09%. Financials…
