"The good news is that it's a better Cabinet than we had [three] days ago; the bad news is the benchmark wasn't very high," Charles quipped.
"[The National Prosecuting Authority's] Independent Directorate as it stands today is exactly what the Scorpions were in 2007 when it was disbanded [by Zuma]."The State Capture Inquiry has been another achievement. While there has been criticism about the cost of commission – around R1 billion – some R12.9 billion has been recovered thanks to the commission from plea bargains and other admissions. Charles noted that if he delivered a return like that - R12.
He also praised the appointment of Finance Minister Enoch Godongwana, which has shown that he is responsive to industry concerns - including by freezing the sugar tax and fuel levies - and is running the Treasury well, keeping bond issuance in check. Charles also believes that the generous tax incentive scheme for renewable energy installations – including that businesses will now be able to deduct 125% of the cost of projects in the first year – may be a game-changer, as was proved in Vietnam, after it adopted a similar scheme.
_Business Ekse
_Business Don't touch South African assets,values are rigged. Interest rates being suppressed to appease the labour unions. The value of the Rand is in decline. The SA Reserve Bank borrow at higher rates from investors but the cost not passed on to the market