Moneyweb@Midday

'SA's sovereignty undermined in Covid contracts'

A round-up of news updates including a look at whether government paid more than it needed to for Covid vaccine contracts.

12 Sep 2023 6AM 30 min

[TOP STORY] Proposed budget cuts: Coastu to meet urgently with government

‘Tinkering with the wage bill, what you're paying nurses and police officers, is not going to resolve Transnet and Eskom and so on. Yes, it might reduce the fiscal pressures for a year, but you'll be back in the very same crisis the following year,’ says Matthew Parks, parliamentary coordinator…

11 Sep 2023 8AM 6 min

Load shedding: Why the DA wants it ruled unconstitutional

A round-up of news updates including a look at reactions to National Treasury's proposed budget cuts.

11 Sep 2023 6AM 29 min

DStv won't come to the table on price increase

I think the view of everybody that was targeted with the sudden unannounced increase, it came across that it was opportunistic to gain market share by taking an opportunity to put the price increase for their own benefit, not thinking about South Africa,’ says Wendy Alberts, CEO of the Restaurant…

8 Sep 2023 9AM 6 min

Can AI boost anti-money laundering compliance?

A round-up of today’s news updates, including a look back on the life and times of Pick n Pay founder Raymond Ackerman, who passed away on Thursday.

8 Sep 2023 6AM 32 min

[TOP STORY] Joburg inner-city improvement: Private investors’ hands tied

‘It's a very difficult relationship in that we are an invested stakeholder, we're a cooperative partner. We like to collaborate with them, we like to try and add value, but the traction is as close to zero as it could possibly be,’ says Paul Jackson, CEO, Trust for Urban Housing…

7 Sep 2023 8AM 5 min

'JHB grid can't survive on current load shedding levels'

Analysis of the latest business confidence data and how load shedding is killing JHB's power grid.

7 Sep 2023 7AM 32 min

[TOP STORY] Gibs releases anti-corruption guide for SA companies

‘It's about preventing corruption, but it's also about helping companies implicated in corruption achieve a kind of rehabilitation,’ says Gideon Pogrund, founding director at the Gibs Centre for Business Ethics.

6 Sep 2023 9AM 6 min

Corruption whistle-blowers need more protection

Analysis of the first ever crypto wealth report and the new anti-corruption guide for SA companies.

6 Sep 2023 6AM 33 min

Lady R to keep her secrets as panel report remains undisclosed

"I think it's disappointing. It would have been better for the credibility of the report for the president and the process as a whole if there had been more openness about what was discovered,’ says Brooks Spector, former diplomat and associate editor at The Daily Maverick.

5 Sep 2023 9AM 6 min

Employers complicit as dodgy lenders fleece the poor

A look at where the owners of JHB's hijacked buildings are and what's behind the latest bout of Stage 6 load shedding?

5 Sep 2023 6AM 32 min

Government officials and criminal syndicates collaborate in hijacked buildings – Mashaba

‘What is sad about it is that they captured the criminal justice system because obviously senior politicians were part of these syndicates, then there were no consequences. Now, South Africa became a free-for-all,’ says Herman Mashaba, leader of Action SA.

4 Sep 2023 9AM 6 min

Government on unsustainable spending path

Analysis of August's PMI and a look at why victims of the Jhb fire are scared of authorities.

4 Sep 2023 6AM 33 min

[TOP STORY] Vigilance required to prevent inner-city decay

‘Nodal shift and the impact on communities and so forth happens in a progressive way, but it has a cumulative impact and then unfortunately it has a catastrophic impact, sometimes like the tragedy of Johannesburg,’ says Volker von Widdern, risk principal at Riskonet Africa.

1 Sep 2023 8AM 6 min

Employers: Don't underestimate the importance of employee wellness

A round-up of news updates, including a look at how urban planning can help fix city centre housing challenges. A look at why corporate wellness is important.

1 Sep 2023 6AM 29 min

[TOP STORY] Cash-strapped commuters welcome a rail renaissance

‘When we were launching the Leralla to Germiston line on Monday, we had commuters saying that they were spending R1900 on just taxis but now per month they're spending R350 on taking the train,’ says Prasa spokesperson, Andiswa Makanda.

31 Aug 2023 8AM 5 min

DA: Public Protector candidates are not appropriate for the job

A round-up of news updates, including a look at unhappiness around the application process for the Public Protector role. Following the launch of a new party by the former ANC Secretary General, we ask whether SA has space for more political parties and a look at the importance of corporate…

31 Aug 2023 6AM 28 min

[TOP STORY] Youth determined to find work despite jobs shortage

‘Where are the sectors of the economy where we see growth and there are a few of them, they are like silver linings. Digital and tech, for example, and global business services are really good growth sectors,’ says project management office head at the presidency, Rudi Dicks.

30 Aug 2023 9AM 6 min

SA urged to review its economic ties with Zimbabwe

A round-up of news, including a look at the progress that has been made by the Presidential Youth Employment Initiative. Kholeka Gcaleka touted for Public Protector role, why SA is being asked to cut ties with Zimbabwe and how impact games can help with SA’s financial literacy challenges.

30 Aug 2023 6AM 33 min

[TOP STORY] Eskom’s irregular supply impacting big energy users

‘I think in the medium term to long term, the implication is really the confidence in investing in our economy because if you cannot guarantee that energy security, people will obviously be reluctant to invest in such an economy,’ says Fanele Mondi, chief executive officer of the Energy Intensive Users…

29 Aug 2023 9AM 6 min