SA Money Daily | Carol Paton | Ramaphosa and the cacophony of BIG economists

Steinhoff: Releasing probe into accounting fraud would undermine case against Jooste, others

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, FIN24 DEPUTY EDITOR Carol Paton | Ramaphosa and the cacophony of BIG economists The President's Economic Advisory Council, an esteemed body of experts that so far has remained above the daily political fray, is now deep in it.    Two contrary briefing notes addressed to the President Cyril Ramaphosa have found their way into the media within a week. Bear in mind that the council has very seldom leaked. Its reports go straight to the president and don't enter the public domain.    The issue is one of the most contentious policy proposals of the democratic era: the institutionalising of a permanent income grant for the poor. While public sentiment broadly is in favour of a grant given SA's dire poverty levels, economists and policymakers are sharply divided.    Those whose political responsibility is social protection, such as the social development department and others, strongly support a permanent income grant. Those charged with taking care of the country's public finances warn that the risks of such a decision weigh heavily.  Read More Steinhoff: Releasing probe into accounting fraud would undermine case against Jooste, others Steinhoff has argued that granting the media access to a 3 000-page forensic probe into accounting fraud would likely undermine future court cases against implicated ex-executives, such as its former CEO Markus Jooste. Too broke for school fees, emergency surgery: Court orders Denel to pay desperate workers R4.3m State arms manufacturer Denel was ordered to pay R4.3 million in unpaid salaries to 14 employees - one of whom says he needed emergency spinal surgery, but couldn't pay for it. SA govt finances in better shape than expected after bumper December tax income December brought in almost R94 billion in corporate income tax, thanks in part to strong profits in the mining sector. Govt's massive fossil fuel subsidies are hurting SA, report finds Pollution from fossil fuel use costs South Africa a minimum of R550 billion each year in terms of environmental harm and damage to public health, research shows. Former Prasa engineering head who falsified qualifications convicted for fraud Former head of engineering Daniel Mthimkhulu was convicted of three charges of fraud for misrepresenting his qualifications to Prasa, the NPA said. CSIR denies Mantashe claim of 'destabilising' energy dept with foreign funds The CSIR says claims that it is part of a foreign-funded scheme to undermine the work of the Department of Mineral Resources and Energy are unfounded. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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