Tag Archives | David Maynier

“Malikanegate”: Time to fire Professor Chris Malikane immediately!

The Minister of Finance, Malusi Gigaba, must now act decisively and fire his economic advisor, Professor Chris Malikane, for suggesting that people “take up arms” to achieve “radical economic transformation” in South Africa. The minister says that Professor Chris Malikane has been “reined in” and told to “keep quiet”. But Professor Chris Malikane says the…

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There is now a risk Malusi Gigaba may delay the implementation of the Fica Bill

There is now a risk that the Minister of Finance, Malusi Gigaba, may delay the implementation of the Financial Intelligence Centre Amendment Bill [B33D-2015], which is one of the most important legislative weapons in the fight against corruption in South Africa. The Financial Intelligence Centre Amendment Bill provides for the ongoing monitoring of the business…

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President Jacob Zuma’s handling of the finance ministers’ recall is a monumental shambles that is damaging the economy in SA

Roughly twenty-four hours ago President Jacob Zuma announced he had instructed the Minister of Finance, Pravin Gordhan, together with the Deputy Minister of Finance, Mcebisi Jonas, to cancel their international investor roadshow and return immediately to South Africa. The fact is that this bizarre instruction, cancelling the international investor roadshow without any explanation, is turning…

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President Jacob Zuma must explain the bizarre recall of Pravin Gordhan

The fact that President Jacob Zuma has instructed the Minister of Finance, Pravin Gordhan, together with the Deputy Minister of Finance, Mcebisi Jonas, to cancel their international investor roadshow and return to the country immediately is a major setback for the economy in South Africa. The instruction to cancel the international investor roadshow without explanation…

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We need a super committee on inclusive economic growth in Parliament

Note to editors: The following speech was delivered in Parliament today by the DA’s Shadow Minister of Finance, David Maynier MP, during the debate on the Fiscal Framework 2017. 1. Introduction Two weeks ago, the Minister of Finance, Pravin Gordhan, tabled the main budget in this Parliament with both hands tied behind his back and…

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Brian Molefe funded a “dirty war” on National Treasury

The Minister of Public Enterprises, Lynne Brown, revealed today that the Progressive Professionals Forum, headed up by “Jimmy” Manyi, received a whopping R840 000 in “sponsorships” from two state-owned enterprises in South Africa. Replying to a parliamentary question, the minister revealed that the Progressive Professionals Forum received a staggering R440 000 in “sponsorships” from Eskom…

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We need to strengthen the FICA

Note to Editors: The speech was delivered by the DA Shadow Minisiter of Finance, David Maynier MP, in the National Assembly today during the Financial Intelligence Centre Amendment Bill debate. The Financial Intelligence Centre Amendment Bill [B33B-2015] (“The Bill”) is one of the most important “legislative weapons” in the fight against corruption in South Africa….

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SA gets a second stay of execution from Standard and Poors

We welcome the decision by Standard and Poors Global Ratings Services (“Standard & Poors”) to maintain an investment grade sovereign credit rating, with a negative outlook, for South Africa. Today, Standard & Poors affirmed its foreign currency rating at BBB-, but lowered its local currency rating to BBB, which is two notches above “junk status”,…

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