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In City Press Business: Moyo versus Manuel; Ngqura closure costs R1 billion; Limited power of rates

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In City_Press Business today: Crippling strike that recently hit Transnet’s Ngqura Container Terminal cost Eastern Cape economy R1bn; Did Old Mutual chairperson Trevor Manuel remain in the room while the board discussed a conflict of interest matter?

Here are some of the headlines in your City Press Business section today:Old Mutual chairperson Trevor Manuel is alleged to have recused himself from an item that was up for discussion during a March 2018 board meeting, citing a possible conflict of interest – but he remained in the room while the board discussed the matter.

The ability to stimulate the economy through interest rate cuts is very limited if business is not confident about the economy, municipalities are dysfunctional and the consumer is under stress. This is according to SA Reserve Bank Deputy Governor Rashad Cassim during an interview.

 

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