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Leaner SA needs policy reorientation and real sacrifices

The days of leaving everything to the Treasury appear to be over. Our problems are not about fiscal management, writes Songezo Zibi

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  Budget 2016 Growth Engines Brics Nelson Mandela 1918-2013 Understand your country. Or lose it Election 2014 Dialogue: Renewable energy Peter Bruce Interviews Accenture Innovation Index Awards

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• National

  TOP STORY

  

  Nene was removed because of weakening rand, says Zuma

  President Jacob Zuma says there were ‘reasons of government’ for firing former finance minister Nhlanhla Nene in December

  Politics

  • Nene was removed because of weakening rand, says Zuma
  • DA calls on Zuma to step down

  Media

  • Sunday Times launches improved mobile app
  • DA approaches High Court to set aside Motsoeneng disciplinary inquiry

  Labour

  • Samwu president, deputy president and treasurer dismissed
  • Cameron Morajane appointed CCMA head

  Science & environment

  • Communities in drive to clean up the Duzi River
  • Farmers left out in cold over drought intervention

  Law & constitution

  • Do we want a system that allows a judge to separate justice and the law?
  • SA was obliged to arrest Bashir, court rules

  Education

  • Stellenbosch academics feel the strain of dual language decision
  • Student protesters cause more than R145m in damages in three months

  Health

  • Makers of insect spray in the US target Zika virus
  • Hospital watchdog lacks power to enforce standards

  Opinion

  • EDITORIAL: Bashir ruling a timely reminder
  • Gordhan should broaden sugar tax to junk food

  Columnists

  • UNEMBARGOED: Leaner SA needs policy reorientation and real sacrifices
  • Mentor just one of ANC’s inconvenient women
• Africa

  TOP STORY

  

  Proposed restructuring of Mozambique bond ‘tantamount to default’

  S&P; and Moody’s say proposed restructuring of about $700m of bonds issued by state-owned tuna-fishing firm could be tantamount to a default

  African News

  • Zimbabwe expects IMF loan in third quarter
  • Senegal’s resorts largely ignore threat of Islamist attacks
  • Al-Qaeda attack aimed at Islamic State
  • MPs question viability of Congo hydro project
  • SA was obliged to arrest Bashir, court rules

  African Business

  • Proposed restructuring of Mozambique bond ‘tantamount to default’
  • Nigeria lifts suspension of MTN services
  • Kenya’s Equity eyes Barclays Africa ‘spoils’
  • Consumer market outlook in Africa ‘still positive’
  • Enterprise Mauritius team in SA
  • Angola’s crude output tied up to pay for big loans

  African Perspectives

  • SA’s ignorance of Africa does everyone a disservice
  • Will Zuma’s visit to Nigeria bolster trade?
  • Blood in the fields as big business eats up Ethiopia
  • Zimbabwean reform a smokescreen to save the ruling party
  • New president has a broken nation to repair

  African Leader
• World

  TOP STORY

  

  Makers of insect spray in the US target Zika virus

  Insect repellent makers are working with government agencies around the world to ease the shipping of insect spray across borders

  Africa

  • Proposed restructuring of Mozambique bond ‘tantamount to default’
  • Consumer market outlook in Africa ‘still positive’

  Europe

  • UK to impose levy on sugary drinks within next two years
  • LafargeHolcim battles to build on merger

  Asia-Pacific

  • Shining India must stay the course
  • China mask makers see smog as good news

  Middle East

  • Syria Kurds poised to declare federal system
  • Russian warplanes begin to leave Syria

  Americas

  • Makers of insect spray in the US target Zika virus
  • Brazilians take to the streets to protest against Rousseff

  Opinion

  • Analyses show US voters leaning to the left
  • UK’s sins of taxation need fixing

  Columnists

  • Trump and Malema appeal to prejudice
  • SIMON BARBER: Trump’s victories put Republicans in a pickle
• Opinion

  TOP STORY

  

  Anti-racism week: in pursuit of nonracialism

  Democratic Alliance will pursue policies that ensure a clean, people-first government, writes Mmusi Maimane

  Editorials

  • EDITORIAL: Bashir ruling a timely reminder
  • EDITORIAL: The Guptas and Cabinet posts

  Columnists

  • SONGEZO ZIBI: Leaner SA needs policy reorientation and real sacrifices
  • LINDIWE MAZIBUKO: Mentor just one of ANC’s inconvenient women

  Letters

  • LETTER: ANC leadership responsible for mess
  • LETTER: Automatic calamity

  Polls

  Third Umpire

  Cartoons
• Markets

  TOP STORY

  

  Announcement of higher interest rate boosts the rand

  Analysts say the rand strengthened on Thursday as the FOMC came out with a much more dovish statement than expected

  More News

  • Announcement of higher interest rate boosts the rand
  • Bonds strengthen after Reserve Bank raises rates
  • JSE rallies to three-month high on world markets

  JSE Today

  All Share

  53190.56

  0.96%

  up

  Top 40

  47169.67

  0.73%

  up

  Financial 15

  15711.33

  2.82%

  up

  Industrial 25

  72046.1

  -0.03%

  down

  Resource 10

  30747.48

  2.23%

  up

  All data is delayed by 15 min.
  Data supplied by Profile Data

  Commodities

  Gold US$/oz

  1266

  0.31%

  up

  Platinum US$/oz

  991

  1.54%

  up

  Silver US$/oz

  15.98

  2.44%

  up

  Palladium US$/oz

  590

  1.72%

  up

  Brent Crude

  41.13

  2.16%

  up

  

  All data is delayed by 15 min.
  Data supplied by Profile Data
• Economy

  TOP STORY

  

  Reserve Bank raises interest rates by 25 basis points

  Three MPC members supported a rate hike, while three other members favoured unchanged rates

  More News

  • Motor sales decline on effect of last year’s rate hikes
  • Wholesale trade fell in January
  • Dovish Fed may take pressure off Reserve Bank
  • Drive to buy local stalled by ‘tardy’ Treasury
  • Consumers face financial strain as rising prices take toll

  Economic Indicators

  Petrol price

  R11.74

  -69c

  same

  Repo rate

  6.75%

  0.5pp

  same

  Prime rate

  10.25%

  0.5pp

  same

  CPI (February)

  6.2%

  1pp

  same

  PPI (February)

  7.6%

  2.8pp

  same

  Last updated March

  Opinion

  • Raising competitiveness of regions in provinces’ hands
  • WTO’s record boosts its hand in talks

  Columnists

  • SONGEZO ZIBI: Leaner SA needs policy reorientation and real sacrifices
  • HILARY JOFFE: A country downgrade would be utter misery for all

  New Agenda
• Business

  TOP STORY

  

  Business SA calls on Zuma to respond to Jonas’s statement on Gupta offer

  Business Leadership SA says if other senior public office bearers have had similar approaches to that of Mcebisi Jonas, they need to speak up now

  Trade & Industry

  • SA to keep preferential access under Agoa
  • York shows strong growth, despite weak economy
  • Moves to revive SA’s wobbly brandy industry

  Management

  • Women leave companies because of compensation issues, not family demands
  • THE POINT: Lean start-ups will excite SA’s young people
  • Lonmin chief a catalyst for change

  Innovation

  • Insect protein on menu of the future
  • Even the smallest nations can benefit from space technology
  • NationBuilder opens gateway to influence

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism

  Banker SA

  SA Mining
• Companies

  TOP STORY

  

  Jacques announced as new chief Rio Tinto

  Current Rio Tinto CEO Sam Walsh will retire and be replaced by Frenchman Jean-Sebastien Jacques in July, who will become the deputy CEO in the interim

  More News

  • African Bank to allow Sanlam to offer products in its branches
  • Medical schemes Bonitas and Liberty in discussions to merge
  • Sibanye gets nod for takeover of Aquarius and Amplats assets
  • ArcelorMittal blames steel industry woes for decision to raise prices
  • SA’s bad news may be good news for AB InBev

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism
• Life

  TOP STORY

  

  When you combine music with the things you see, it goes into the spirit

  South African jazz musician Carol Mombelli says he wants to evolve as an artist and go through different phases like the artist Picasso

  Arts & Entertainment

  • When you combine music with the things you see, it goes into the spirit
  • Bushfire’s 10th showing to feature acts from more than a dozen countries

  Travel & Food

  • SA’s Michelin man will never again mistake ‘fowl’ for ‘breast’ in French
  • Walter Sisulu square in Soweto lacks the pulling power of Vilakazi Street

  Wanted Magazine

  Gadgets & Gear

  • Augmented reality — the most exciting technology
  • Carpooling effective for congestion and even employee productivity

  Books

  • US author Pat Conroy dead at 70
  • BOOK REVIEW: The Boy Who Could Change the World

  Health

  • Gordhan should broaden sugar tax to junk food
  • Women trapped between scourge and perception

  Motoring

  • CONCEPT MODELS: BMW looking to the next 100 years
  • TECHNOLOGY: Mercedes E-Class — supreme hi-tech finesse
• Sport

  TOP STORY

  

  Pay back the money, Fifa orders takers of bribes

  Fifa says South African bid committee’s payment to Concacaf was bribe in exchange for votes in 2010 World Cup bid process

  Rugby

  • Lions must fight jet lag and rested Cheetahs
  • Coetzee says he has not accepted Bok coaching job

  soccer

  • Celtic pin high-flying Downs
  • Pay back the money, Fifa orders takers of bribes

  Cricket

  • The fall and rise of Imran Tahir
  • Gayle century humbles England
  • Wiese in the runs — against SA, but bowlers battle
  • Black Cap spinners send India reeling

  Other Sport

  • Epic leaders strike at right time
  • Lebo Phalula to aim for Rio marathon
  • No sex please, we are champion boxers
  • Yeni could add two winners to tally
  • Stats amazing

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