Investment company PSG has grown exponentially in the past 20 years with a market capitalisation of 40b. Finweek contributor Liesl Peyper caught up with group CEO Piet Mouton after the group’s annual general meeting.
Although South Africa embraces a culture of entrepreneurship, there are still significant stumbling blocks of which labour regulation tops the list. The report found the cost of firing workers as the most notable detractor for entrepreneurship, and the results of the World Economic Forum (WEF) confirms this.
Radebe and his ministry held a press briefing this morning after both the Gauteng High Court and the Constitutional Court had rejected the Marikana miners’ request that the courts compel government to pay their legal fees. Radebe said government departments which take part in the hearings are represented by private legal practitioners because they are entitled to legal representation at government’s expense as employees of government.