Gauteng govt not giving up on ambition to establish state-owned bank & pharmaceutical company

JOHANNESBURG – In spite of financial constraints, the Gauteng government said it was not giving up on its ambition to establish a state-owned bank and pharmaceutical company.
Like all provincial governments across the country, Gauteng has faced budget cuts, specifically in the equitable share and grants it receives from National Treasury.
In a recent example of these cuts, Education MEC Matome Chiloane recently announced that it was possibly looking at cutting budgets for school learner transport and nutrition programmes to save money.
During a media briefing on Monday, Gauteng Finance MEC…