Chamber of Mines ‘deeply concerned’
The Chamber of Mines says it is deeply concerned about the state of public institutions in South Africa and will raise the matter with the Presidency. The chamber of mines noted with concern the announcement by the National Prosecuting Authority (NPA) of its decision to charge the Minister of Finance‚ Pravin Gordhan‚ in relation to […]
Debt counselling to the rescue | Debt Rescue
South Africans seek to manage finances MORE South Africans are seeking debt counselling to turn around their finances, according to experts. Paul Slot, president of the Debt Counsellors Association of South Africa said they had noted an increase in debt counselling applications. It is estimated 260 000 people are under debt review. “We have seen […]
Beware a big petrol price hike after Gordhan charge
Wayne McCurrie, a financial analyst at Ashburton Investments, has warned that the fallout of the Gordhan saga will lead to a significant rise in the price of petrol. McCurrie said that with the rand back above R14 against the dollar, and the oil price above $52 ‘means that petrol will increase significantly next month, if […]
Consequences of Gordhan being charged
Legal action against Finance Minister Pravin Gordhan may lead to disastrous consequences for South Africa, said Debt Rescue CEO Neil Roets. Legal action against Finance Minister Pravin Gordhan may lead to disastrous consequences for South Africa, said Debt Rescue CEO Neil Roets. Downgrades by all three ratings agencies before the end of 2016 and a […]
Impact of legal action against Gordhan
The decision to drag Finance Minister Pravin Gordhan to court will have directly impact on the poorest of the poor and on the millions of deeply indebted South Africans consumers‚ according to Neil Roets‚ CEO of debt management company Debt Rescue. He said the fact that the government had decided to go ahead with legal […]