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Ramaphosa appoints members of Presidential Economic Advisory Council
27 September 2019, 9:15 PM

President Cyril Ramaphosa has appointed members of the Presidential Economic Advisory Council with effect from 1 October 2019.

The Council, which was announced by President Ramaphosa in the State of the Nation Address, will ensure greater coherence and consistency in the implementation of economic policy and ensure that government and society in general is better equipped to respond to changing economic circumstances.

Comprising local and international economic thought leaders, the Council will advise the President and government more broadly, facilitating the development and implementation of economic policies that spur inclusive growth.

The Council is a non-statutory and independent body chaired by the President and brings together prominent economists and technical experts drawn from academia, the private sector, labour, community, think tanks and other constituencies.

The members, who will volunteer their time and be compensated for subsistence and travel, are appointed to serve a three-year term.

The Council will meet quarterly at first and will in due course decide on timelines that will best enable deliberations among members and the interface with the President.

The Presidency is in the process of finalising the appointment of a seasoned economist and leader from West Africa who has accepted an invitation to serve as a member of the Council.

President Ramaphosa has thanked the Council members for accepting the invitation to serve South Africa’s development in their capacity as members of the Presidential Economic Advisory Council and assured them that their insights, critiques and recommendations will ultimately serve to build a sustainable and inclusive economy that meets the needs of citizens and is globally competitive at the same time.

 

 

Magashule issues stern warning to ANC officials in municipalities
27 September 2019, 7:22 PM

African National Congress (ANC) Secretary-General, Ace Magashule maintains that consequence management will in future be strictly applied to its deployees at local government level.

Magashule has briefed the media in Benoni, on Gauteng’s East Rand, where the ANC National Executive Committee is holding a special meeting.

Magashule says recklessness by ANC members who are municipal officials can’t be tolerated anymore and they’re going to closely monitor developments at all municipalities in the country.

“We were actually talking about consequence management. You don’t do what is expected of you, and obviously there must be action because the communities can’t cry forever. Especially, for quality services in municipalities.”

Watch the video below for more on the story:

Celebrating SA jazz with Wynton Marsalis
25 September 2019, 9:03 PM

The sounds of jazz will reverberate across Johannesburg this weekend.

The city is hosting a premiere event, the Joy of Jazz Festival.

It will feature top musicians from across the country and the world, among them Cuban pianist Roberto Fonseca and US Grammy award-winning trumpeter, Wynton Marsalis.

For full interview click video below:

Nzimande lauds diplomatic relations between S Africa and China
25 September 2019, 7:40 PM

Minister of Higher Education, Science and Technology, Dr Blade Nzimande says diplomatic relations between South Africa and China are beneficial to both nations, not just China.

Nzimande says the relations are grounded in the respect both countries have for one another.

He says they will also play an integral role in improving the country’s weakened state-owned enterprises.

Nzimande was speaking during the celebration of the 70th Anniversary of the founding of the People’s Republic of China, at the Chinese embassy in Pretoria.

“So, our interaction with China is based on total respect of the sovereignty of each country, as well as the sovereignty in the decisions that we are making. So, the cooperation is mutually beneficial. We cannot enter into relations that take South African back to some kind of colonial dependence and so on.”

Sibanye-Stillwater to retrench more than 5 000 workers
25 September 2019, 6:18 PM

Sibanye-Stillwater has announced its intention to retrench more than 5 000 workers at its Marikana mine in the North West.

Sibanye-Stillwater says that it will enter into consultation with the relevant stakeholders in terms of the Section 189 process.

Spokesperson for Sibanye, James Wellsted says the retrenchment process follows a detailed three-month review of the Marikana operation and that the unfortunate job losses are necessary in order to ensure the sustainability of the mine’s operation.

“This follows ongoing financial losses experienced at these operations with certain shafts having reached the end of their economic reserve lives. The company and affected stakeholders will together consider other measures to avoid and mitigate further retrenchments and seek alternatives to the potential closing or downscaling of operations.”

“The restructuring will result in a more sustainable business, which is able to secure employment for the majority of the Marikana workforce of approximately 22 000 people and benefit other stakeholders in the area for a much longer period.”

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