The IMF’s stark warning last week that the government needs to accelerate the pace of its structural reforms will, I hope, be taken seriously because similar calls from national and sectoral business organisations, labour and civil society groups have largely gone unheeded.
In most parts of the government, there appears to be a lack of understanding of just how dire our economic situation is, and so there is no sense of urgency...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Godongwana calls for fuel price reformsSA's finance minister has called for changes to the way the fuel price is calculated, after the cost of petrol rose to a record this month. The only lasting solution is to develop local oil supplies. Which is what Shell is working at. I like the potentially progressive thinking of our new finance minister. ANC please don't stifle he's attempts to loosen the economy. By the way this could form part of your RET plan. Its long overdue and we currently still paying the pump price that was announced at the end of November, no reduction at the pumps after the price correction announced by the department!
Source: BDliveSA - 🏆 12. / 63 Read more »
Finance minister Godongwana calls for fuel price reforms after record hikesFinance minister Enoch Godongwana called for changes to the way the fuel price is calculated, after the cost of petrol rose to a record this month. You guys do not care about us... It's only about your politics and you do not care about the poor Calling for something and doing something are two totally different things. Once you DO something, then maybe we'll believe you. Typical anc blahblah. Competent politicians first dodo and announce.
Source: TimesLIVE - 🏆 28. / 59 Read more »