South Africa has the highest number of dollar millionaires on the African continent and this number is set to rise in coming years, according to Old Mutual’s New World Wealth Africa Report for 2015 released on Wednesday.
Unless South African businesses hand over large chunks of equity to black shareholders, they will no longer be awarded so-called “BEE points” by government, which means that they could be forced out of business. According to the Johannesburg financial newspaper, … Read the rest
Finance Minister Nhlanhla Nene will have his work cut out at next week’s budget to try and reassure disillusioned South Africans that the government still has gas in its tank to pull the economy out of the doldrums.
In this series of opinion pieces I will attempt, and more often than not, succeed, in highlighting liberal failures. In the process I hope to shine a very bright light on the inherent hypocrisy associated with … Read the rest
Petrochemical giant Sasol has pulled the plug on a shady empowerment deal with union boss Simon Mofokeng and wife Maureen after Business Times exposed how they used fake documents to clinch contracts worth over R300-million.
During the South African Truth and Reconciliation Commission hearings in the late nineties, the Commission declared in its findings that there were four different kinds of truth. The Commission “rejected the popular assumption” that there are only … Read the rest
The Daily Maverick should rebaptise itself as “The Cute Conformist”, for that is really what it is, a bunch of people who sound like your average ANC propagandist on the SABC, except they think they are cute.