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India’s finance minister sees modest fiscal consolidation in budget

eriinfo.com4 months ago03 mins

India’s government plans a modest improvement in its fiscal picture in the coming financial year, with reductions in the fiscal deficit and debt, while boosting manufacturing in sectors ranging from textiles to chips. Finance Minister Nirmala Sitharaman, in her ninth consecutive budget speech, said on Sunday that the government sees its fiscal deficit falling to…

MTN empowerment investors see ‘modest’ return as Zakhele Futhi winds up

eriinfo.com11 months ago04 mins

A sign outside MTN Group’s head office in Johannesburg. Image: TechCentral Shareholders in MTN Group’s long-running black empower scheme known as MTN Zakhele Futhi can look forward to a payout later this month – and a modest profit on their investment. The scheme, which is in the process of being unwound, will begin distributions to…