Why China is sending southern officials north to its rusting economic front lines

Why China is sending southern officials north to its rusting economic front lines

China is trying to bring new economic life to its northeastern rust belt by parachuting in cadres from the upper ranks of the central government and more prosperous parts of the country. Since the start of the year, at least a dozen senior officials from central government ministries and the powerhouse provinces of Jiangsu, Zhejiang … Read more

Mixed reactions to former minister’s death

Mixed reactions to former minister’s death

While many are sympathising with Pravin Gordhan’s family following his death, the Economic Freedom Fighters (EFF) says it has no tears to shed. Gordhan passed away on Friday morning after he was admitted to hospital on Tuesday, 10 September. MIXED REACTIONS TO PRAVIN GORDHAN’S DEATH Following the news of his passing on Friday morning, condolences … Read more

SOEs in financial distress despite billions of government bailouts

SOEs in financial distress despite billions of government bailouts

The Democratic Alliance (DA) says the government’s endless bailout strategy of State Owned Entities (SOEs) has failed.  The sentiment comes after the National Treasury tabled the third-quarter government expenditure report to Parliament’s Appropriation Committee on Wednesday, 14 February.  TREASURY REPORT CONFIRMS SOEs ARE IN FINANCIAL DISTRESS The DA said the report confirms that multiple state-owned … Read more