Investors are cautiously optimistic South Africa’s new unity government can deliver stable economic policies to revive growth.
Author: Kopano Gumbi
South Africa’s population rose to 62 million people last year from 51.8 million in 2011.
Cabinet has approved the appointment of Duncan Pieterse as the new director-general of the national treasury.
Despite the country avoiding a technical recession, analysts remain pessimistic about South Africa’s growth prospects.
South Africa should not shy away from spending to fix the country’s power crisis, electricity minister Kgosientsho Ramokgopa said.
The South African Revenue Service said ongoing power cuts have had a “debilitating” effect on the economy and revenue collection.
The Swiss engineering firm will pay reparations for its involvement in government corruption, the NPA said on Thursday.
Finance minister Enoch Godongwana is expected to announce a plan to take on part of Eskom’s mammoth debt.
One of South Africa’s largest public sector unions on Monday gave notice of its intention to strike after rejecting a 3% wage offer from government.