ANC Regime

 

State capture fiasco shows why collaboration is key to tackling global crime networks

Leave a comment

Lord Peter Hain tabled a series of allegations in the UK’s House of Lords relating to the possible role of British banks in alleged money laundering and illicit financial transactions centred around President Jacob Zuma and the Gupta family. The Conversation Africa’s Charles Leonard asked him to explain why he took the step. Hain, who..
Continue reading…

Enjoyed this post? Share it!

 
 

Parastatal waste equals tax shortfall: Treasury will need to find new resources to close the budget gap

Leave a comment

The R50‑billion shortfall in tax revenue that the treasury will need to find elsewhere to plug the budget gap is close to how much state-owned entities (SOEs) have thrown down the drain in the past financial year. The auditor general, Kimi Makwetu, released national and provincial audit results on Wednesday. Although the number of clean..
Continue reading…

Enjoyed this post? Share it!

 
 

#FeesMustFall protest – Naked woman arrested at UCT

Leave a comment

The stomach-churning stench of human faeces‚ piles of rubbish‚ ripped curtains and a commotion on campus as the woman was being dragged into a police van greeted students on Thursday. Parts of the campus were sealed off by police in riot gear and private security and at least three people were arrested. Police spokesperson Captain..
Continue reading…

Enjoyed this post? Share it!

 
 

Open Letter To Zuma -Your Vision For This Once Beautiful Country Is A Huge Fat “For Sale” Sign!

Leave a comment

Good day Mr President! Firstly, I know you’re a fucktard, so lets cut the pleasantries and get down to business! This Country is my Country – one that my forefathers built with pride and dignity – something every moral fibre in your being is devoid of! In 1994, I voted for change, the change that..
Continue reading…

Enjoyed this post? Share it!

 
 

February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget

Leave a comment

The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance Minister until..
Continue reading…

Enjoyed this post? Share it!

 
 

Full Junk Status For South Africa Is Inevitable

Leave a comment

While two of the three major rating agencies already have South Africa’s foreign debt ratings in sub-investment grade, finance minister Malusi Gigaba’s bleak budget speech this week practically makes ‘full’ junk for the country an inevitability. As the market and analysts digest the key takeaways from the budget speech, the overarching theme that has emerged..
Continue reading…

Enjoyed this post? Share it!

 
 

This Is Who Is Paying South Africa’s Tax – A Paltry 13% Of The South African Population

Leave a comment

Finance expert Jayson Coomer, known as the Rolling Alpha, has updated his annual breakdown of South Africa’s tax trends, following the mini-budget speech delivered this week. According to Coomer’s data, currently a paltry 13% of the South African population of 56 million people are the ones paying income taxes – with the other 87% not contributing..
Continue reading…

Enjoyed this post? Share it!

 
 

February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget

Leave a comment

Matthew Lester The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance..
Continue reading…

Enjoyed this post? Share it!

 
 

Medium Term Budget Policy Statement  2017 Reveals The Full Horror Of Jacob Zuma’s Catastrophic Mismanagement Of The Economy In South Africa

Leave a comment

The Minister of Finance, Malusi Gigaba’s, “maiden” medium-term budget policy statement exposes the full horror of President Jacob Zuma’s catastrophic management of the economy in South Africa. The minister’s medium-term budget policy statement reveals a full-scale budget “blow out” with: **  a massive revenue shortfall of R50. 8 billion, which is the largest revenue shortfall..
Continue reading…

Enjoyed this post? Share it!

 
 

‘Pay back the money! She is a thief!’ ANC chants at De Lille during council meeting

Leave a comment

Patricia De Lille on Thursday said she has not stolen a single cent, insisting she had enough money to even consider lending money to the City of Cape Town – at a low interest rate – to deal with its water crisis. “I don’t need money from anyone,” she said ahead of her address during..
Continue reading…

Enjoyed this post? Share it!