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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Encourage China to support Ghana’s debt restructuring – Akufo-Addo to Germany

    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    Deadline for debt exchange program moved to February 7 with new terms

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    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

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    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

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Business leaders demand Zuma response to Jonas bomb

bycitibusinessnews
March 17, 2016
in Africa, Southern Africa
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Johannesburg – President Jacob Zuma needs to come up with a “decisive response” to the latest claims around the Gupta family, Business Leadership South Africa said on Thursday morning.

“The statement by Deputy Finance Minister Jonas that he was offered the finance minister’s job by the Gupta brothers marks a grave threat to our country’s constitutional democracy,” BLSA said in a statement, signed by business heavyweights Saki Macozoma, Bobby Godsell and Thero Setiloane.

“The statement requires a decisive response from President Zuma who alone has the prerogative to appoint both ministers and deputy ministers.  If other senior public office bearers have had similar approaches, now is the time for them to take the people of South Africa into their confidence.

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“Our government, the critical institutions of our democracy and indeed the citizenry of our country must choose between being a society governed by law or one captured and directed by private interests.”

The Black Business Council (BBC) joined the debate on Thursday and said in a statement it is concerned by the recent media statements alleging that the Gupta family is influencing the appointments of certain ministers within the Government of SA.

The BBC reiterated its call on government and business to engage the tough headwinds the country is faced with in improving our economic outlook and restoring confidence in our state leadership.

“We strongly urge the democratically elected national executive to navigate the country through the crisis, and to move swiftly to address and allay any and all fears of state capture,” the BBC said.

“We urge the president and the ANC to deal decisively with these allegations and reassure the nation that our sovereignty has not and will not be hijacked by private interests.”

The BBC is also concerned by the further deterioration in the rand against major international currencies.

It supports the call for a judicial commission of enquiry to remedy the situation with urgency, and arrest the threat this currently presents to the country’s economic and political outlook.

“The National Treasury of SA is a very important institution which needs to be respected and supported if we are to maintain stability in the economy and financial markets in the global environment,” said the BBC.

“To this end, we anticipate continued prudence and the strengthening of oversight and stewardship on the Treasury’s and wider government’s part to restore confidence in government and the ruling party. We will continue to support policies and behaviours that support the stability of the country and its financial markets.”

–

Source: Fin24

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