South African regulators are stepping up efforts to break the oligopoly of the country’s top auditing firms after accounting scandals involving two of the Big Four failed to do the job for them.
Browsing: Tito Mboweni
The rand is suffering its worst start to the year against the dollar since the global financial crisis of 2008, and it’s not about to get any better in March, if history is any guide.
Government still has to make a decision on the future of e-tolls. finance minister Tito Mboweni failed to mention e-tolls in his budget speech on Wednesday.
South Africa will use money from the sale of broadband spectrum and mining royalties to establish a R30-billion sovereign wealth fund, finance minister Tito Mboweni said.
Finance minister Tito Mboweni will present the 2020 national budget in parliament on Wednesday, starting at 2pm. Watch the livestream of the minister’s speech here.
It’s high noon for the future of e-tolls. A final decision on the controversial Gauteng tolling scheme is expected to be made in Wednesday’s budget speech.
Finance minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt.
Eskom CEO André de Ruyter will this week present a draft plan to change how the utility operates, as media reported he’s considering unbundling the utility at a slower pace than envisaged by the government.
Less than a month into 2020, retrenchments, the trimming of workforces and restructuring talks are dominating the news.
The Ramaphosa administration is accelerating the sale of government assets to fund its cash-strapped airline and other distressed state-owned companies.