Publications
Partners
Cape Town - A roundup of Friday's top economic and finance reads on Fin24.
It's not SARB's job to run the affairs of banks like VBS, says Kganyago
Its not the mandate of the SARB to run the affairs of private banks, its governor said on Friday, but rather to protect depositors and make sure banks adhere to prudential requirements. The bank, which was placed under curatorship in March, is at the centre of a significant and ongoing fraud saga. It is also the subject of a forensic probe.
The governor said the Reserve Bank had been criticised for not picking up evidence of fraud at VBS Mutual Bank earlier.
Stronger rand, cheaper oil to slam brakes on petrol price hikes
A stronger rand and cheaper international oil prices will mean the fuel prices in South Africa are likely to remain virtually unchanged in August, the Automobile Association (AA) said on Friday.
The AA, which was commenting on unaudited month-end fuel price data, said as a result, petrol is expected to increase by around 2c a litre.
Ramaphosa tells Putin the time's not right for nuclear
South Africa’s nuclear energy expansion programme formed part of wide-ranging talks between Russian President Vladimir Putin and Cyril Ramaphosa on Thursday afternoon, but no conclusion was reached on the matter, a spokesperson said.
Putin, in the country for the 2018 Brics Summit in Johannesburg, held talks with Ramaphosa on the sidelines of the meeting. Nuclear energy was one of the topics the two leaders discussed, said Ramaphosa’s spokesperson, Khusela Diko.
INSIDE LABOUR: We did not steal the billions, so why should we have to pay?
We did not steal the billions, so why should we have to pay?
That is the attitude of many trade unionists, especially in the public sector, as the government tries desperately to establish its 'Thuma mina' social compact.
And it is also becoming increasingly clear that organised labour and others are no longer prepared to be fobbed off by commissions of inquiry, panels and task forces established as proclaimed means to remedy whatever problems need to be dealt with, writes Terry Bell.
Why SA needs to discipline the private healthcare industry
If a service is provided by a company rather than government, this does not automatically mean a market is at work. The point is fairly obvious but has passed many in South Africa by.
Private provision of services is moving into the spotlight in South Africa as the government looks to make the health system more accessible to the poor.
* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER
