BNC#9 | Macpherson Q&A: The layers of the construction mafia, tax money in limbo, KZN vote crunch

Loading player...
At BNC#9 in the Drakensberg, Public Works Minister Dean Macpherson sat down for a wide-ranging Q&A on why R100 billion in municipal infrastructure grants gets sent back to Treasury every year, unspent, and what he's doing to stop it. He unpacks the layered structure of the construction mafia, explains why his department is about to auction off nearly a thousand state properties, and lifts the lid on a R6 billion-a-year office leasing bill that once let a fraudulent tender through the back door. Along the way, he makes a case for why the 4 November local elections could reshape South African politics from the ward up, not the top down. Watch for his read on Cape Town's infrastructure model, the uMngeni turnaround, and why he thinks a Durban by-election result is a preview of what's coming.
4 Sep 5AM English South Africa Investing · Business News

Other recent episodes

BN Edge | Lesaka is facing hard questions. Ali Mazanderani is answering them

Lesaka grew out of Net1, whose subsidiary's social grants contract ended up before the Constitutional Court. Now it wants to take deposits from the same grant recipients it lends to. In a follow-up to their strategy conversation, Alec Hogg put the harder questions to executive chairman Ali Mazanderani: who carries…
23 Oct 8AM 37 min

BN Edge | Donald MacKay unpacks the bureaucratic black hole in SA trade

A tariff investigation in South Africa is meant to take six months. Donald MacKay, whose XA Global Trade Advisors released its latest import duty report this week, told Alec Hogg the average had stretched to 40 months, and that the oldest open case was old enough to start school. He…
23 Oct 7AM 24 min

BizNews Ricardo Portfolio update: Afrimat, Clicks, Chubb, Teledyne

Alec Hogg went into this episode wanting to sell two shares. The rules he built for the Ricardo portfolios talked him out of at least one. In the first of a new run of Premium portfolio updates, he put four fresh sets of results through the same valuation test: Afrimat,…
22 Oct 8AM 41 min