There has been a lot of focus on the retail sector recently. With Mr Price and The Foschini Group having both reported on Friday, investors will be bombarded with analysis around the clothing sector. And with good reason – this area of the market has served up the kind of volatility that traders live for.
A privately funded pothole repair costs about R6,500. The City of Johannesburg spends about R65,000. For Business Leadership South Africa CEO Busi Mavuso, that gap tells the story of a city in decline – and why business is prepared to help rescue it, if politicians are willing to accept scrutiny, accountability and reform.
Allegations of fraud and wasting municipal funds against Nelson Mandela Bay’s director of Legal Services resurfaced after mayor Babalwa Lobishe was questioned about why she was not suspended pending the outcome of her criminal case.
‘It can’t simply be a case of fixing the lights. They need to heed our calls to increase security in that area, strengthen camera surveillance and make use of the city’s supposed state-of-the-art surveillance centre at South End Fire Station.’
A cold to cool day is expected across most of the country, with isolated showers in the Western Cape, Eastern Cape and the Northern Cape, according to the South African Weather Service.