‘Tinkering with the wage bill, what you're paying nurses and police officers, is not going to resolve Transnet and Eskom and so on. Yes, it might reduce the fiscal pressures for a year, but you'll be back in the very same crisis the following year,’ says Matthew Parks, parliamentary coordinator for the Congress of South African Trade Unions.
I think the view of everybody that was targeted with the sudden unannounced increase, it came across that it was opportunistic to gain market share by taking an opportunity to put the price increase for their own benefit, not thinking about South Africa,’ says Wendy Alberts, CEO of the Restaurant Association of South Africa.
‘It's a very difficult relationship in that we are an invested stakeholder, we're a cooperative partner. We like to collaborate with them, we like to try and add value, but the traction is as close to zero as it could possibly be,’ says Paul Jackson, CEO, Trust for Urban Housing Finance.
‘It's about preventing corruption, but it's also about helping companies implicated in corruption achieve a kind of rehabilitation,’ says Gideon Pogrund, founding director at the Gibs Centre for Business Ethics.
"I think it's disappointing. It would have been better for the credibility of the report for the president and the process as a whole if there had been more openness about what was discovered,’ says Brooks Spector, former diplomat and associate editor at The Daily Maverick.
A look at where the owners of JHB's hijacked buildings are and what's behind the latest bout of Stage 6 load shedding?
33 min
About Moneyweb@Midday
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Veteran journalist Jeremy Maggs brings you a fast-paced live daily news show covering a wide range of topics in business, economics and more. The show features exclusive interviews with captains of…
industry, CEOs, political leaders and prominent newsmakers, offering unique insights and in-depth analyses. Tune in on weekdays via the Moneyweb website and mobile app between 12h00 and 12h30.