But Naidoo said he was encouraged by the government’s willingness to talk about the problematic state-owned enterprises and to engage investors.
While SA spends the next decade rebuilding institutions and taking a"very slow and steady ride back up", the country will be vulnerable to global market shocks due to a GDP/debt ratio of more than 50%. There were some encouraging signs for the Western Cape and Cape Town, however, and despite a devastating year for agriculture the province had the lowest unemployment and rural unemployment rates.
So we must bring apartheid back?
he forgot to mention that the eastern capes population also since moved over to the WC😵😡😠
We will sort out that once SARB is nationalised.
But that’s a national problem, so why make it out to be a uniquely Western Cape issue? The ANC has maintained apartheid spatial planning for the past 25 years!
And yet the Western Cape created the most jobs comparing to other provinces in SA. I suspect he is just politicizing this.
I think this goes for the rest of South Africa not only Cape Town
What a disgrace ANC government showered on SA. Do we have 10 years and who will fix the mess.
This can’t be all you have, flogging the dead horse by belittling CT’s growth and yet they receive almost zero assistance from National Government & had to rebuild after the ANC messed it up for the brief time they got their looting corrupt hands on CT!
..is it only Cape Town with apartheid spatial design..other towns/cities not usual mentioned are ok
If discrimination is such a factor why is it on a excel spreadsheet today because of Power well that Power gonna fade ,the corrupt with full
Rather be quiet governor Cape Town wasn't built on your strength or ANC frontliner but the people who made Cape Town what it is today ,
Really now? CT has been growing at the rate of knots. Unlike the rest of the country.
The same useless folk who destroyed the only black bank we had in South Africa, becoz of hatred of EFF. He cant take any action against FNB. A bank which abuses its licence to discriminate against Blacks.
Problem is people don't have 10 years now. So they'll vote any donkey singing a sweet tune.
Deputy Governor just said it 😁
25 years after the fact? I don't buy it anymore...
Amazing. Still repeating this bogus summary of his speech. Wow.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reserve Bank will not be nationalised – Banking Association of SABasa CEO Cass Coovadia said Ramaphosa was talking two months before the election when he told parliament the ANC wants the bank owned by citizens. alfred_cabonena We need to fight back against the ignorant arrogant populists of EFFSouthAfrica & MYANC, these communist bastards want to drag this country down to the depths of a socialist hell, we must lobby western governments to impose harsh sanctions on this evil regime.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
SA to help Zimbabwe get back on its feet | IOL Business ReportRamaphosa said the SA Reserve Bank was engaged in discussions to help the Reserve Bank of Zimbabwe to secure as much as $7million (R99.8m). busrep Hahhaaa what a joke - first fix the mess that is South Africa dumbasses busrep Good news. busrep How can SA assist Zim yet it has its own problems that has not even been resolved.unemployment among the youth is 50%,drug use,violent crimes,school sanitation, education is poor,public health care is bad and land reform such an endless list.
Source: IOL - 🏆 46. / 51 Read more »
CARTOON: Reserve Bank fallacyTuesday March 12 2019
Source: BDliveSA - 🏆 12. / 63 Read more »
Ramaphosa to MPs: We will nationalise the Reserve Bank | News | Politics | M&GSpeaking during his final question and answer session for the fifth Parliamentary term before elections, Cyril Ramaphosa said the ANC’s Nasrec conference resolution to nationalise the South African Reserve Bank (SARB) must be implemented. Who cares about Maimane, that demagogue is just a mouth piece for white monopoly capital. Finally he agreed. Now the question is when?
Source: mailandguardian - 🏆 2. / 92 Read more »
Ramaphosa vows external Reserve Bank shareholding will be phased out | IOL NewsThe government will implement the ANC's decision to do away with external shareholding in SARB, President Cyril Ramaphosa said. RamaphosaQandA
Source: IOL - 🏆 46. / 51 Read more »
Nothing sinister about nationalising Reserve Bank, says Cyril RamaphosaThe president says changing the central bank’s ownership will not necessarily affect its independence It’s just another waste of money on a futile policy choice. Giving the ANC led government the power to print money sounds pretty sinister to me... Highly contradictory! What a pity.
Source: BDliveSA - 🏆 12. / 63 Read more »
'Havoc' for rand amid plans to nationalise Reserve BankPresident Cyril Ramaphosa's announcement that government intends to continue with plans to nationalise the central bank cased 'havoc' in dealing rooms on Thursday, says Bianca Botes of Peregrine Treasury Solutions. Fin24 This volatile Rand of yours... Fin24 What the F is going on. Now after the reserve bank? handsoffthereservebank sabc sick of this. Look at Eskom SAA and see the results F I'm sick of this Fin24 This is no surprise at all. Ramaphosa was part of Zuma's cabinet. He just continue in a subtle way to put every rand in the ANC's pocket. Next will be the banks and more to to steal. They will not stop until every one's pocket in this country is empty.
Source: News24 - 🏆 4. / 80 Read more »
In quotes: Cyril Ramaphosa vs Lesetja Kganyago on nationalising the Reserve BankPresident Cyril Ramaphosa once again waded into the debate around the nationalisation of the Reserve Bank on Thursday. Go for it. Why now? I once heard a man wearing red overalls saying this Oh good, another NERSA_ZA to destroy my hard earned cash.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Rand begins to settle after Reserve Bank nationalisation commentsThe rand has broken through R14.50 against the US dollar. Ngiyanizwa kodwa yokwenyuswa kukagesi angiyizwa nhlobo shem. eskom fix this 👉 the real question is who, close to the president benefitted from the drop of the rand stayWoke The true communist colours of the Anc is comming to the fore! Nationalisation of privately owned mineral rights, the reserve bank and all privately owned land is just the ongoing rape of the man in the streets hard owned wealth by the state!
Source: eNCA - 🏆 49. / 51 Read more »
Rand begins to settle after Reserve Bank nationalisation commentsThe rand has broken through R14.50 against the US dollar. Our new investors with the likes of the Guptas seeing great corrupt opportunities in our totally corrupt criminal ANC government of South Africa. Who thought that these investors are all squeaky clean little sods 😂😂😂 MagnusHeystek For me this means those who control the reserve bank are the same people who manipulate the rand against other currencies such as GBP and the USD.
Source: eNCA - 🏆 49. / 51 Read more »
Who owns the Reserve Bank? | Business | M&G.MmusiMaimane and HermanMashaba , let's fix this one please. The anc will do it because they want to lie and manipulate more and more. The liberal mamparas and dumb ass anc supporters will believe them until it is too late Maybe they are going to steal it like they are going to steal the land.
Source: mailandguardian - 🏆 2. / 92 Read more »