Corruption

 

Open Letter: White South Africa Faces Adapt Or Die Moment As ANC Talks Up Radical Economic Transformation

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Facing the next key fight for his political future, acornered President Jacob Zuma has this year decided to notch up rhetoric on ‘radical economic transformation‘. As part of this call and amid the Zuptoids’ growing use of terminology such as ‘white monopoly capital’, Zuma recently sparked further scares in the local and international investment communities..
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Leaked Letters Reveal ‘SARS Wars’ Showdown Between Gordhan And Moyane

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Leaked letters between SARS head Tom Moyane and finance minister Pravin Gordhan reveal a complete breakdown in the relationship between the two finance heads. In one letter, leaked to and republished by the Mail & Guardian, Gordhan lambasted Moyane for approving his own salary increase for the 2015/16 financial year. In the letter to Moyane,..
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Replacing South Africa’s finance minister, or his deputy, would carry a heavy cost

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Many see the decision by South Africa’s governing African National Congress (ANC) to send the disgraced former CEO of the power utility Eskom to parliament as the precursor to another attack on the National Treasury and to remove finance minister Pravin Gordhan. The decision to give Brian Molefe a seat in the country’s parliament has..
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Conspiracy, disinformation and Zuma-Gordhan fight loom over budget

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A year after President Jacob Zuma began feuding with his Finance Minister Pravin Gordhan over control of the nation’s purse strings, the conflict appears to be coming to a head. When he presents his annual budget in Parliament on Wednesday, Gordhan will seek to keep state spending in check and fend off a junk credit..
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ANC plans ‘constitutional revolution’ on land

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The government is planning a “constitutional revolution” to fast-track land reform, including considering expropriation without compensation. The ruling party also wants land reform to include restitution for “precolonial dispossession” before the 1913 Native Land Act came into force, and a cap on the amount of land an individual can own. With most South African land..
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The nuts and bolts of radical economic transformation

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At President Jacob Zuma’s second inauguration, he vowed that economic transformation would “take centre stage” during his last term of office. He promised that “the structure of the economy will be transformed through industrialisation, broad-based black economic empowerment and through strengthening and expanding the role of the state in the economy”. That the economy would..
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South Africa In Economic Breakdown: Zuma’s Grim Legacy In Charts – But His Friends Are Having Fun

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Jacob Zuma South Africans have become accustomed to heaving a collective sigh of relief as ratings agencies continue to stave off a ratings downgrade. But, South Africa’s ratings have moved close to sub-investment grade with President Jacob Zuma at the helm, as the graphs below indicate. The rand’s value has declined steadily, too, with a few..
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The Truth And Lies Of Zuma’s SONA 2017

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Amidst unprecedented security measures, South Africa’s President Jacob Zuma delivered his tenth State of the Nation Address on 9 February 2017. We fact-checked his speech. Claim: “To date, nearly 7 million households have been connected to the grid and now have electricity.” Verdict: Correct South Africa’s development indicators showed that 6,340,321 households had been connected..
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A MUST READ: Zuma’s Secret Blueprint For Total Power – Lily Gosam

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An ambitious plan to redraw provincial boundaries, control the treasury and conclude mega-deals to keep the ANC under Zuma control was hatched  * Lily Gosam is a pseudonym  INTRODUCTION In 2009 [president] Jacob Zuma secured the highest office in the land, in large part due to the composition of South Africa’s 1994 provincial map. And..
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