South Africa’s new finance minister, Tito Mboweni: A reflection of what makes him tick

Too much time has been lost and in the process, ‘the rats and mice have been feeding’ on the movement’s glorious history and achievements By: Ujuh Reporter A lot is being offered in the way of understanding South Africa’s new finance minister, Tito Mboweni, as he takes over management of an economy that’s teetering on … Read moreSouth Africa’s new finance minister, Tito Mboweni: A reflection of what makes him tick

Ramaphosa’s economic challenge in numbers: Unemployment, inequality and prosperity

Ujuh Reporter While South Africa’s President, Cyril Ramaphosa, started well and has promised a lot more positivity than his predecessor Jacob Zuma poor economic performance remains his Achilles heel. Yolanda Naudé Citadel Head of Fund Research and Portfolio Manager has captured in scary numbers the economic challenges facing South Africa. Naudé states that the country’s scorecard … Read moreRamaphosa’s economic challenge in numbers: Unemployment, inequality and prosperity

The ANC is deeply concerned about the weak rand and rising fuel prices

ANC Statement The African National Congress notes with deep concern the continued weakening of the rand and the implications this have for our country’s growth prospect including the management of inflation target. We are further concerned by the hikes in petrol cost which is now at its highest level ever and is putting a squeeze … Read moreThe ANC is deeply concerned about the weak rand and rising fuel prices

How small business generate B-BBEE points from YES (Youth Employment Service)

Ujuh Reporter South Africa’s small t0 medium sized enterprises (SMEs) will be able to generate massive broad based black economic empowerment (B-BBEE) points from the Youth Employment Service (YES). If they endorse and meet the YES targets. YES is a business led initiative delivered in partnership with government, labour and civil society. It targets to benefit … Read moreHow small business generate B-BBEE points from YES (Youth Employment Service)

Manuel, Jonas, Langeni, Maree anchor Ramaphosa’s Special Envoys on Investment

Ujuh Reporter South Africa’s President Cyril Ramaphosa has established a Special Envoys on Investment comprising of prominent names. These are: former Minister of Finance Trevor Manuel,  former Deputy Minister of Finance Mcebisi Jonas,  business executive Phumzile Langeni and another business executive Jacko Maree. Ramaphosa said the envoy will be travelling to major financial centres in Asia, Middle East, … Read moreManuel, Jonas, Langeni, Maree anchor Ramaphosa’s Special Envoys on Investment

Sandton CBD continues to thrive: A positive bet on the economy

Ujuh Reporter South Africa’s financial capital, Sandton Central, continues to rake in massive property development investments, in what tells an intriguing story of confidence on the new central business district (CBD) and by default a positive bet on the future of the South African economy. A new report shows Sandton remains the epicentre of office development … Read moreSandton CBD continues to thrive: A positive bet on the economy

Many South Africans spent about 40% of income on food and transport

SATopShop South African middle income earners spend a large chunk (about 40%) of their of their income on food and transport which means they are hit the hardest by the regular increases seen in these expenses. This emerges from  an FNB research which focused on the spending patterns of FNB Gold account holders who earn … Read moreMany South Africans spent about 40% of income on food and transport