Treasury

Has Treasury been captured by the black business lobby?

Has the Treasury been captured by the black business lobby? Has it bowed before the powerful wind of racial nationalism sweeping through the ruling party and its communist and trade union allies? If so, will the Reserve Bank be the next domino to fall? Until now, the Treasury, like the Reserve Bank, has been a

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BEE snarl-up delays Transnet’s locomotives project

A PROGRAMME by Transnet Freight Rail (TFR) to buy 1,064 new locomotives as part of an ambitious seven-year strategy to ramp up capacity is running four months late as Transnet, the Department of Public Enterprises and the Treasury fight over evaluation criteria for the multibillion-rand bids. Transnet and its shareholder, the Department of Public Enterprises,

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PPPs and BEE

Public Private Partnerships are without doubt the most effective tool that the government has to achieve its Black Economic Empowerment (BEE), RDP and other empowerment related goals. Yet this method of procurement is not making the most of these opportunities. The problem seems to be that the transaction advisors that are used in the early

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