South Africa’s governing party is meeting to fine-tune its policies and adopt new ones, with electricity shortages, welfare grants, central bank independence, immigration rules and the management of state companies among the items on its agenda.
It proposed that a state-owned company continue to play a central role in bolstering the electricity supply, and the government consider using natural gas and more nuclear power to ensure a transition to renewable energy doesn’t place the country at a disadvantage. Eskom would then fall under the Department of Mineral Resources and Energy and logistics company Transnet SOC Ltd. and South African Airways under the Department of Transport.
The National Treasury has warned that an indefinite extension of the current temporary monthly stipend — which was introduced to cushion the unemployed against the fallout from the coronavirus pandemic and is seen by many as a precursor to a basic income grant — could threaten the sustainability of public finances unless a permanent source of funding is found.
The SARB is one of a handful of global central banks owned by investors — including individuals, commercial banks and pension funds — though its shareholders have no say over monetary policy or the appointment of its governors and Monetary Policy Committee.
Will they never learn.
Your energy policies do not meet the crisis at Eskom_SA and CyrilRamaphosa and MbalulaFikile you know this! get rid of corruption. Devote significant budget and divorce alliance politics and policies from Eskom_SA. Protect the infrastructure. This first, policy later
So no policy from the MYANC on how to deal with corruption, which is the biggest, fattest and most ugly elephant in the room! Come on CyrilRamaphosa and fikeupdates. Your policies are useless, vague and mean nothing unless you deal with corruption... And swiftly
luya_madiba So nothing new which would see SA going forward. SOS.
If they nationalise the reserve bank we need to gtfoh
Your article doesn’t mention “nationalising The Reserve bank “ they want the bank to focus more than just inflation. clickbait
No news here🤌