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Nhlanhla Nene
Nhlanhla Musa Nene ( tɬantɬa born 5 December 1958) served as the Minister of Finance of South Africa under President Jacob Zuma from 25 May 2014 until his controversial removal on 9 December 2015, and under President Cyril Ramaphosa from 27 February 2018 until his resignation on 9 October 2018. He also previously served as the Deputy Minister of Finance in the Cabinet of South Africa from November 2008 to May 2014, as chairperson of the Finance Portfolio Committee in the South African Parliament, and as a Member of Parliament for the African National Congress (ANC) starting in 1999. His home is in Kranskop, KwaZulu-Natal. Education Nene holds a B.Com Honours degree in Economics from the University of Western Cape (UWC). He also obtained a Diploma in Marketing Management DMS; an Advanced Diploma in Economic Policy from the UWC; a Certificate in Economic Policy from the University of South Africa (UNISA); and a Certificate in Macro and Micro Economics from the University of Lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Honourable
''The Honourable'' (British English) or ''The Honorable'' ( American English; see spelling differences) (abbreviation: ''Hon.'', ''Hon'ble'', or variations) is an honorific style that is used as a prefix before the names or titles of certain people, usually with official governmental or diplomatic positions. Use by governments International diplomacy In international diplomatic relations, representatives of foreign states are often styled as ''The Honourable''. Deputy chiefs of mission, , consuls-general and consuls are always given the style. All heads of consular posts, whether they are honorary or career postholders, are accorded the style according to the State Department of the United States. However, the style '' Excellency'' instead of ''The Honourable'' is used for ambassadors and high commissioners. Africa The Congo In the Democratic Republic of the Congo, the prefix 'Honourable' or 'Hon.' is used for members of both chambers of the Parliament of the Democratic R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bachelor Of Commerce
A Bachelor of Commerce (abbreviated BComm or BCom; also, ''baccalaureates commercii'') is an undergraduate degree in business, usually awarded in Canada, Australia, India, Sri Lanka, Pakistan, Ireland, New Zealand, Ghana, South Africa, Myanmar, Egypt, and additional Commonwealth countries. The degree was previously offered in the United Kingdom. Structure Bachelor of Commerce The Bachelor of Commerce degree is designed to provide students with a wide range of managerial skills, while building competence in a particular area of business (see aside). For a comparison with other business degrees, see . Most universities, therefore, plan the degree such that in addition to their major, students are exposed to general business principles, taking courses in accounting, finance, economics, business management, human resources and marketing. Programs often require foundational courses in business statistics and mathematics, and information systems. Depending on the instituti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multilateral Investment Guarantee Agency
The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries. MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. MIGA was established in 1988 as an investment insurance facility to encourage confident investment in developing countries. MIGA is owned and governed by its member states, but has its own executive leadership and staff which carry out its daily operations. Its shareholders are member governments that provide paid-in capital and have the right to vote on its matters. It insures long-term debt and equity investments as well as other assets and contracts with long-term periods. The agency is assessed by the World Bank's Independent Evaluation Group each year. History In Septe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Development Bank
The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. Mission The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. History Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gupta Family
The Gupta family is a wealthy Indian-born family with business interests in South Africa, whose most notable members are brothers Ajay, Atul, and Rajesh "Tony" Gupta—as well as Atul's nephews Varun, and US-based Ashish and Amol. The family owns a business empire spanning computer equipment, media, and mining. The family became synomous with corruption in South Africa and has been sanctioned by multiple countries for their activities. In 2016, Atul Gupta became the seventh-wealthiest person in South Africa, with an estimated net worth of R10.7 billion (US$773.47 million), based on JSE-listed holdings. The family migrated from the Indian state of Uttar Pradesh to South Africa in 1993 to establish Sahara Computers. The family was based at the Sahara Estate in Saxonwold, Johannesburg, a compound comprising at least four mansions, until 2016 when they left South Africa for Dubai, United Arab Emirates. In 2022 an Interpol red notice was issued for the arrest of Atul and Rajesh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Online (South Africa)
''Independent Online'', popularly known as ''IOL'', is a news website based in South Africa. IOL serves the online versions of a number of South African newspapers, including ''The Star'', ''Pretoria News'', '' The Daily Voice'', ''Cape Times'', '' Cape Argus'', ''Weekend Argus'', ''The Mercury'', '' Post'', '' Diamond Fields Advertiser'', ''Isolezwe'', ''Daily Tribune'', ''Sunday Tribune'', ''The Independent on Saturday'', and '' The Sunday Independent''. Corporate affairs Ownership Sekunjalo Investments owns 55% of the company via its subsidiary Sekunjalo Independent Media, the Public Investment Corporation of South Africa owns 25%, and two Chinese state-owned enterprises (China International Television Corporation and the China Africa Development Fund) own the remaining 20% of the newspaper. China International Television Corporation is a wholly-owned subsidiary of state broadcaster China Central Television (CCTV). Before 2013, IOL was owned by the Independent News & Med ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Rand
The South African rand, or simply the rand, ( sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c"). The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, ''rand'' being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In En ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trevor Manuel
Trevor Andrew Manuel (born 31 January 1956) is a South African politician who served in the government of South Africa as Minister of Finance from 1996 to 2009, during the presidencies of Nelson Mandela, Thabo Mbeki and Kgalema Motlanthe, and subsequently as Minister in the Presidency for the National Planning Commission from 2009 to 2014 under former President Jacob Zuma. Early life Trevor Manuel was born in Kensington (Cape Town), during the apartheid era and was classified as a Cape Coloured. His mother, Philma van Söhnen, was a garment factory worker, and his father, Abraham James Manuel, was a draughtsman. According to Manuel's "family legend", his great-grandfather was a Portuguese immigrant; he had married Manuel grew up and was educated in the city. He matriculated from the Harold Cressy High School [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bambatha
Bambata, or Bhambatha kaMancinza (c. 1865–1906?), also known as Mbata Bhambatha, was a Zulu chief of the amaZondi clan in the Colony of Natal and son of Mancinza. He is famous for his role in an armed rebellion in 1906 when the poll tax was raised from a tax per hut to per head (£1 tax on all native men older than 18 – infamously called ukhandampondo), increasing hardship during a severe economic depression. Bhambatha claims that he was told to lead an armed rebellion by the de facto Zulu King Dinizulu. Dinizulu disputed this account and no convincing evidence for either story is available.P. S. Thompson, ‘Bambatha ka Mancinza (1865/6–1906)’, Oxford Dictionary of National Biography, Oxford University Press, Oct 200accessed 16 Sept 2015/ref> Early years It is unclear what year Bamatha was born due to no written records or birth certificates, but we estimate Bamatha was born in 1865, in Mpanza, near the town of Greytown, Natal Colony. He was the son of Chief Mac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbara Hogan
Barbara Hogan (born 28 February 1952) is a former Minister of Health and of Public Enterprises in the Cabinet of South Africa. Early life Hogan attended St Dominic's Catholic School for Girls, Boksburg, and gained a degree at the University of the Witwatersrand. Hogan has qualifications in Accounting and Economics. Political activity Hogan joined the African National Congress in 1976 after the Soweto Uprising, many years after the organisation had been declared illegal and had moved its activities underground. Her responsibilities in this movement were to mobilise the white political left, participate in public political campaigning and supply the ANC underground in Botswana with information about trade union and community activity in South Africa. Hogan was detained in 1982 for ‘furthering the aims of a banned organisation’ and after being interrogated, ill-treated and held in solitary confinement for one year, she became the first woman in South Africa found guilty of h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metropolitan Life (South Africa)
Momentum Metropolitan Holdings Limited, formerly MMI Holdings Limited, is a South African based financial services group that is listed on the Johannesburg Stock Exchange. Overview Momentum Metropolitan Holdings Limited engages in long and short-term insurance, asset management, savings, investment and employee benefits through its various brands. The Group has subsidiaries in Botswana, Ghana, Gibraltar, Guernsey, Kenya, Lesotho, Mauritius, Namibia, Nigeria, UK, South Africa and Zambia. History In July 2019 MMI took the decision to change its name from MMI Holdings to Momentum Metropolitan Holdings. The change aims to promote the well-known brand names of two of the strongest companies within the Group, Momentum and Metropolitan. MMI Holdings was formed in 2010 when Metropolitan Holdings and Momentum Group, two insurance and financial services companies in South Africa, merged their operations. Pre-Merger History Metropolitan Holdings Limited Metropolitan was fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
