Streaming issues? Report here
Aubrey Masango 702 Gradient Aubrey Masango 702 Gradient
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
Politics
fiber_manual_record
Business

[LISTEN] Plowing money into ailing SOEs won't solve the problem - Cas Coovadia

18 February 2019 9:17 PM
Tags:
Cas Coovadia
SOEs

Cooovadia says some hard decisions need to be made to boost confidence in the economy.

MD of the Banking Association of South Africa (BASA) Cas Coovadia says business needs to rally around President Cyril Ramaphosa and bring its resources to the table in order to stabilise the economy.

He says some hard decisions need to be taken and if government, business and labor do not come to the table together, the repercussions may be 'horrendous'.

In a Business Day article, Coovadia urged Ramaphosa to prioritise the country’s wider interests rather than securing votes for the African National Congress if he is to boost confidence in the economy before elections.

We have to appreciate that a number of these state owned enterprises find themselves in a position through a whole range of reasons where just plowing money into them and maintaining the operating structures is not going to solve any problem.

Cas Coovadia, MD - Banking Association of South Africa (BASA)

I think we need to demonstrate that we have confidence in the president and that we will support him in the hard decisions he needs to take. Of course he needs his political party and needs to work on his political party but I think across party political lines and across ideological lines, sectors of society need to come out and say there things to be done and we have confidence in the president to do this.

Cas Coovadia, MD - Banking Association of South Africa (BASA)

Click on the link below to hear more from Coovadia...


18 February 2019 9:17 PM
Tags:
Cas Coovadia
SOEs

Recommended

More from Politics

zweli-mkhizejpg

We urge survivors of COVID-19 infection to tell their stories - Zweli Mkhize

14 July 2020 9:30 AM

Health Minister Zweli Mkhize says the focus is on the establishment of committees at ward level and to also tackle the stigma.

Share this:
Read More arrow_forward

Red wine white woman female funny reaction 123rf 123rflifestyle

'Few restaurants will now survive without selling alcohol. We were blindsided'

13 July 2020 6:33 PM

Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Liquor traders association aggrieved by sudden ban on sale of alcohol

13 July 2020 11:16 AM

Liquor Traders Association of SA's Sean Robinson and Gauteng Liquor Forum's Fanny Mokoena reflect on liquor ban.

Share this:
Read More arrow_forward

cooler-box-beer-booze-alcohol-liquor-transportation-car- drunk-driving-123rf

'Regulations need to focus on spaces where risk of transmission is high'

13 July 2020 9:00 AM

Wits School of Governance's professor Alex van den Heever unpacks the latest restriction by the President Cyril Ramaphosa.

Share this:
Read More arrow_forward

ramaphosa3jpg

Ramaphosa reinstates ban on alcohol, COVID-19 death toll surpasses 4,000

12 July 2020 10:30 PM

President Cyril Ramaphosa said on Sunday he was concerned that South Africans were downplaying the seriousness of the pandemic.

Share this:
Read More arrow_forward

Cyril Ramaphosa

(WATCH LIVE] President Cyril Ramaphosa addresses the nation at 8pm

12 July 2020 7:53 PM

Ramaphosa addresses the nation this evening on developments in SA's risk-adjusted strategy to manage the spread of COVID-19.

Share this:
Read More arrow_forward

scootersjpg

'EC scooters were procured to allow transportation of meds by health workers'

10 July 2020 12:07 PM

Provincial health department head Dr Thobile Mbengashe is adamant that these scooters were never meant to be ambulances.

Share this:
Read More arrow_forward

scootersjpg

EC tender was for 100 clinics, not ambulances - Fabkomp director

10 July 2020 7:34 AM

The company that got the R10 million tender's Brian Harmse sheds light on the controversial project.

Share this:
Read More arrow_forward

190124 Phil Masinga4

For anyone to write me off politically at this moment is ill-advised - Gigaba

9 July 2020 11:50 AM

Clement Manyathela chats with former minister Malusi Gigaba in a new feature called #HangingOutwithClement.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

'It is critical that South Africa brings its public debt under control'

9 July 2020 8:07 AM

RMB CEO James Formby says if the country doesnt control its debt, it will find itself in an economic quagmire.

Share this:
Read More arrow_forward

More from Business

Made in South Africa John Kani Proudly South African YouTube screengrab

[WATCH] John Kani rallies a suffering nation to ‘buy local’ in emotional new ad

14 July 2020 7:59 PM

It’s game time, Mzansi, says legend-of-legends John Kani. Arabile Gumede interviews advertising expert Andy Rice.

Share this:
Read More arrow_forward

Gold bars 123rf 123rfbusiness 123rflifestyle

Investing in a pandemic: Gold remains the gold standard

14 July 2020 7:28 PM

Gold is glittering. Arabile Gumede asks Izak Odendaal (Investment Analyst at Old Mutual Wealth) to tell us more.

Share this:
Read More arrow_forward

Day trader investor stocks shares equities trading 123rf 123rfbusiness

'1st-time traders are buying the sh*ttiest stocks! Everyone is getting rich!'

14 July 2020 7:03 PM

What is Robinhood? Why is Tesla booming? Arabile Gumede interviews Paul Theron, potty-mouthed MD of Vestact Asset Management.

Share this:
Read More arrow_forward

SAA

It’s official! We're getting a brand-new, taxpayer funded (R16 billion) airline

14 July 2020 6:26 PM

SAA is dead! Long live SAA? Arabile Gumede interviews Guy Leitch, Managing Editor at SA Flyer Magazine.

Share this:
Read More arrow_forward

Maize field mealie farm farmer agriculture 123rf 123rfbusiness 123rflifestyle

Covid-19 makes it clear – African agriculture is vital, now more than ever

14 July 2020 2:23 PM

The economy is shedding jobs – but not in agriculture, says Roux Wildenboer, Head of Agriculture at Absa.

Share this:
Read More arrow_forward

160520DineoMoeketsi.jpg

'I spend extravagantly on shoes. I have various pairs of Christian Louboutin'

13 July 2020 8:15 PM

Arabile Gumede interviews actress Dineo Moeketsi (Langa) about her attitude to money and beliefs about it.

Share this:
Read More arrow_forward

foschinijpg

Foschini offers to buy Jet from Edcon

13 July 2020 7:34 PM

The Foschini Group is offering to buy 371 JET stores. The Money Show's Bruce Whitfield interviews portfolio manager Evan Walker.

Share this:
Read More arrow_forward

Quantitative easing printing money 123rfbusiness 123rf

Why South Africa – much like Zimbabwe - can’t print money to pay for Covid-19

13 July 2020 7:10 PM

Why "quantitative easing" can’t work in South Africa, according to Nazmeera Moola (Head of SA Investments at Ninety One).

Share this:
Read More arrow_forward

Red wine white woman female funny reaction 123rf 123rflifestyle

'Few restaurants will now survive without selling alcohol. We were blindsided'

13 July 2020 6:33 PM

Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.

Share this:
Read More arrow_forward

ramaphosa-imbizojpg

Liquor trade council writes to Ramaphosa to ensure sale of liquor continues

12 July 2020 5:13 PM

Concerns have been raised over the impact of booze on trauma admissions since the ban on sales was lifted in June.

Share this:
Read More arrow_forward