South Africa

Treasury strategy document to steer South Africa growth

The public have until September 15 to comment
The National Treasury building in Pretoria [PREUSS]
The National Treasury’s growth strategy entitled ‘Economic Transformation, Inclusive Growth and Competitiveness Plan’ should encourage policy debate, but implementation is key according to economists.
Intellidex’s head of capital markets research Peter Attard Montalto said the plan had already caused quite a stir amongst political and policy circles.

Botswana: Minergy set to unlock vast coal resources

“One small step for Minergy, one giant leap for Botswana’s coal industry,” says Minergy CEO Morne du Plessis.
A Minergy pit in the country’s southeast. Botswana is entering the coal market in a big way, analysts predict [PREUSS]
With these words, a paraphrase play on American Astronaut Neil Armstrong’s famous speech at the first Moon landing in July 1969, du Plessis welcomed media representatives to the Botswana Stock Exchange (BSE)-listed Minergy Limited’s 390-million ton Masama Coal Project in the Mmambula Coalfield in the southeast.

Ramaphosa’s State of the Nation Address underwhelms

Ramaphosa sets five goals to be achieved in next decade
Ramaphosa announced that R230 billion in fiscal support would be directed to debt-laden power utility Eskom over the coming ten years [GCIS]
South African President Cyril Ramaphosa’s State of the Nation Address was lofty in terms of dreams, but failed to show how these dreams would be implemented and consequently underwhelmed most commentators.