||Economy

Pravin Gordhan to have his day in court

The United Democratic Movement has noted that Finance Minister Pravin Gordhan has been issued with a formal summons to appear in court in relation to the South African Revenue Services “rogue unit”. While we believe that no-one is above the law, this matter must be handled with the utmost care so that it does not have an adverse effect on the South African economy. We already heard that the rand tanked with 2.93% within minutes [...]

2017-03-09T16:15:28+02:00October 11th, 2016|2016 Archive, Corruption and clean governance, Economy, Home, Media statements: UDM|Comments Off on Pravin Gordhan to have his day in court

UDM reacts on President Zuma’s answers to question on Gupta’s Role in the appointment of Ministers

Media Statement by UDM President Bantu Holomisa, MP This afternoon the President had an opportunity to take the country into his confidence and either confirm or deny the revelations made by the Deputy Minister of Finance, yesterday. Alas, he chose utter arrogance and maximum denialism in defense of his travelers, the Guptas family and his own. His attitude in dealing with this issues of national importance, confirms that once again, he has neglected the country [...]

2016-10-28T19:59:28+02:00March 17th, 2016|2016 Archive, Corruption and clean governance, Economy, Home, Media statements: UDM, Zumagate|Comments Off on UDM reacts on President Zuma’s answers to question on Gupta’s Role in the appointment of Ministers

UDM reacts on Gupta’s offering Deputy Minister Jonas a position of Finance Minister

Media statement by UDM President Bantu Holomisa MP United Democratic Movement (UDM) welcomes the shocking confirmations made the Deputy Minister of Finance Mr. Mcebisi Jonas this afternoon. His bold decision demonstrate his commitment to his oath of office and confirms that at least within the ruling party there are some who puts South Africa and its citizens first. This behaviour by the Gupta family can only be best described as treason. Unfortunately, they have not [...]

2016-10-28T20:01:21+02:00March 17th, 2016|2016 Archive, Corruption and clean governance, Economy, Home, Media statements: UDM|Comments Off on UDM reacts on Gupta’s offering Deputy Minister Jonas a position of Finance Minister

UDM calls for National Pension Fund Forum

Statement issued by UDM President – MP, Bantu Holomisa The furore on the Tax Laws Amendment Act and Tax Administration requires an action by all contributors. This is more urgent given that the Public Investment Corporation Fund is now targeted as the next stop for huge transactions to the ruling party and its big business friends. UDM calls for a National Pension Fund Forum which will amongst others, consider the following: • Monitoring of all [...]

2016-10-28T20:38:27+02:00January 20th, 2016|2016 Archive, Economy, Home, Media statements: UDM|Comments Off on UDM calls for National Pension Fund Forum

2015 Budget Vote 31: Small Business Development – address by Mr ML Filtane, MP

Honourable Chairperson, Minister and Members The United Democratic Movement supports the budget. • Welcome the political shift for business rescue from big business into Small Medium and Micro Enterprises (SMME). This will help to remove the strain associated with the SMME sector so that it can be able to deliver on the expectations of the National Development Plan with regard to the creation of job opportunities. • Whilst we intensify the creation of small business, [...]

2016-10-28T21:59:38+02:00May 21st, 2015|2015 Archive, Economy, Speeches|Comments Off on 2015 Budget Vote 31: Small Business Development – address by Mr ML Filtane, MP

Budget Vote 10: National Treasury

Chairperson, Honourable Minister and Deputy Minister, Honourable Members, Once more, Budget Vote 10 is delivered against the backdrop of severe economic challenges facing the world today. It takes place at a time when some economies around the world are making a slow economic recovery, while others are still in economic deepfreeze. We acknowledge that appropriate economic policy responses have been undertaken in order to place the country on a path to economic growth and prosperity. [...]

2016-10-26T08:39:16+02:00July 21st, 2014|2014 Archive, Economy, Speeches|Comments Off on Budget Vote 10: National Treasury

The challenges facing South Africa as we approach the New Millennium

presented by Mr Bantu Holomisa, UDM Co-leader, at the South African Institute of Race Relations, Johannesburg In the letter of invitation which I received from the Institute of Race Relations, it is stated that the United Democratic Movement (UDM) is attracting much media attention. The UDM on the other hand feels that scant attention is paid to its activities by the media, so it is a matter of debate as to whether we enjoy any [...]

2016-10-26T08:39:39+02:00December 10th, 1997|1997 Archive, Archives, Economy, Speeches|Comments Off on The challenges facing South Africa as we approach the New Millennium

Jobs summit: acclaim for breakthrough

statement by Bantu Holomisa and Roelf Meyer The UDM is extremely grateful for the agreement reached at Nedlac on the presidential jobs summit planned for the second quarter of 1998. We have taken note of the two phased approach towards the summit and the follow-up phase envisaged. Although proper planning is essential, it is a pity that this most desperate need of so many of our fellow South Africans took so long to receive the [...]

2014-08-21T13:27:19+02:00December 1st, 1997|1997 Archive, Archives, Economy, Issues, Media statements: UDM|Comments Off on Jobs summit: acclaim for breakthrough