Business 27.3.2017 06:01 pm

Cancelling Gordhan trip had nothing to do with NEC – Mantashe

The party’s secretary-general says the effect of Zuma’s decision on the rand will depend on which steps he takes next.

President Jacob Zuma’s decision to recall Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas from an investors’ roadshow overseas had to do with government, and not the African National Congress (ANC) national executive committee, party secretary general Gwede Mantashe said on Monday.

Cancelling Gordhan trip had nothing to do with NEC – Mantashe
Cancelling Gordhan trip had nothing to do with NEC – Mantashe

Cancelling Gordhan trip had nothing to do with NEC – Mantashe

The party’s secretary-general says the effect of Zuma’s decision on the rand will depend on which steps he takes next.

Gordhan on his way home, Treasury confirms
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Gordhan on his way home, Treasury confirms

The news that Gordhan had been ordered home appeared to have had an immediate impact on the rand.
SAA losses climb to R4.5bn
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SAA losses climb to R4.5bn

The DA’s Alf Lees said he expected the losses would increase as the 2016/17 financial year is set to end on March 31.
Zuma instructs Gordhan, Jonas to return to SA urgently
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Zuma instructs Gordhan, Jonas to return to SA urgently

The halt to National Treasury’s investor road show has fuelled fresh speculation that Zuma might be ready to reshuffle his Cabinet.
SA-Oman Business Forum opens in Sandton
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SA-Oman Business Forum opens in Sandton

The SA dti said the two-day ministerial visit will comprise of a bilateral meeting between Minister Davies and his Omani counterpart Al-Sunaidy.
Old Mutual sells chunk of OM Asset Management
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Old Mutual sells chunk of OM Asset Management

The sale of the stake to HNA Capital US would reduce Old Mutual’s shareholding in OMAM to 25.9 percent.
Capitec goes global
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Capitec goes global

Challenger bank to acquire a stake in European online lending group.
How to beat debt – pros and cons of strategies
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How to beat debt – pros and cons of strategies

Saving while paying off debt, debt review as ‘soft bankruptcy’, and access bond withdrawals – Gerald Mwandiambira – certified financial planner & acting CEO, SASI.
Rob Davies calls for action against noncompliant BEE companies
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Rob Davies calls for action against noncompliant BEE companies

Davies was speaking at the breakfast session held by the B-BBEE Commission on the national state of transformation.
Woolworths realigns Australia businesses
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Woolworths realigns Australia businesses

Woolworths is creating a single regional corporate structure to manage its department store chains.
SA property developer opens another shopping mall in Ghana
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SA property developer opens another shopping mall in Ghana

The new Kumasi City Mall is Atterbury’s fourth successful retail development in Ghana, following a trio of prior developments in the country’s capital Accra.

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