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Here are some of the headlines in your City Press Business section today:
Nafcoc in turmoil as R14m goes missing
Two rental payments from government totaling R14 million, earmarked as rental for Gallagher Estate, appear to be missing from the coffers of Silver Vanity Investments, the investment vehicle of the National African Federated Chamber of Commerce and Industry (Nafcoc).
How we are going to pay Eskom
The massive bailout of Eskom that President Cyril Ramaphosa announced this week will most likely be paid for through a combination of debt – in particular the issuing of extra state bonds – as well as through approaching major multilateral institutions for loans and even tax hikes from next year.
Lesetja Kganyago a pillar of policy
Lumkile Mondi, a senior lecturer at the University of the Witwatersrand’s School of Economic and Business Sciences, writes for us regarding South Africa Reserve Bank Governor Lesetja Kganyago’s first term in office.
State aviation companies have an acting malaise
The organisation that represents 30 international airlines that fly to South Africa has expressed unhappiness with the fact that the four aviation enterprises owned by government have “too many people who are in acting positions”.
Foreign spazas have unfair "advantages"
The alleged reasons for violence against foreign-owned spaza shops are perceptions that they have “unfair advantages”, which undermine the viability of their locally owned counterparts. This is according to the Competition Commission’s Grocery Retail Market Inquiry’s preliminary report.
For more on these and other stories, get your copy of City Press today.
