Economy

 

Falling BRICS endanger their citizens’ health, starting with Jacob Zuma.

Leave a comment

As he launches the African Regional Centre of the New Development Bank (NDB) in Sandton on Thursday, nearly 18 months behind schedule, Jacob Zuma must have mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club. “I was poisoned..
Continue reading…

Enjoyed this post? Share it!

 
 

Current climate at SARS is one of fear and loathing

Leave a comment

SARS spokesman Luther Lebelo went on Radio 702 on Friday to rubbish media reports and clear up perceptions over SARS and its Commissioner‚ Tom Moyane. Lebelo‚ who becomes increasingly agitated as the interview with Stephen Grootes progresses‚ was vehement in defending Moyane over a trip to Dubai in December 2015 and also speaks about the..
Continue reading…

Enjoyed this post? Share it!

 
 

The new virtual money options may cause bankruptcy for the ANC government!!

Leave a comment

South Africa’s government is well aware of technological developments regarding virtual or crypto money and has already created an interministerial working group that monitors it in conjunction with private sector experts with a view to possible regulation. It appears from written questions by adv. Anton Alberts, chairman of the FF Plus, to the Minister of..
Continue reading…

Enjoyed this post? Share it!

 
 

KPMG got fired from JSE-listed Sygnia over ‘Gupta links’ – M&G

Leave a comment

JSE-listed asset manager Sygnia has fired KPMG over its alleged role in state capture – the first private sector pressure that has been brought to bear on global firms accused of having questionable business relations with the Gupta family. A series of leaked emails, called the Gupta Leaks, have exposed KPMG for its role as..
Continue reading…

Enjoyed this post? Share it!

 
 

Corruption: How The ANC, supported by the World, shapes up against The NP with sanctions

Leave a comment

Whilst it is hardly a fair comparison, given that ANC had the whole world, the mass media and all its money behind them, and NP had all the world and its money and mass media against them, Ed Herbst, using his 49 years of covering the South African story, makes some telling comparisons and observations on..
Continue reading…

Enjoyed this post? Share it!

 
 

WHITE MONOPOLY CAPITAL NOT THE ENEMY – TREVOR MANUEL QUESTIONS ZUMA’S CAPITAL REMARKS

Leave a comment

Former Minister Trevor Manuel has questioned the logic behind President Jacob Zuma’s views on white monopoly capital. Former Minister Trevor Manuel has questioned the logic behind President Jacob Zuma’s views on white monopoly capital. During a community engagement earlier this week, Zuma emphasised that white monopoly capital is a reality in South Africa. Manuel has..
Continue reading…

Enjoyed this post? Share it!

 
 

Jacob Zuma wages war on South Africa’s institutions

Leave a comment

The South African president wants to take over the country’s money printing presses… “An assault on the central bank is the latest stage in a descent into crony capitalism Jacob Zuma has tightened his grip on the finance ministry, the state prosecutor, the public protector and the tax authorities. All of them, to one degree..
Continue reading…

Enjoyed this post? Share it!

 
 

Pension funds in ANC crosshairs source of funding for state development

Leave a comment

The ANC has again set its sights on pensioners’ retirement money as a potential source of funding for state development. At the close of its policy conference this week the party said it would investigate the use of prescribed assets, one of the proposals to come out of its economic transformation deliberations. The proposal was..
Continue reading…

Enjoyed this post? Share it!

 
 

Dysfunctional ANC Municipalities Yet Protests Target Efficient DA-Run Metros

Leave a comment

Cynical, selective geo-political protests around pit toilets and service delivery have targeted the DA which, wherever it rules afresh or more recently, comes under ANC-inspired attack. This is in spite, or perhaps because of, the newly-muscled party, now ruling the most important metros in the country, having uncovering breath-taking corruption and dysfunction wherever it took over. Not only that, says..
Continue reading…

Enjoyed this post? Share it!

 
 

These Charts Show The Dire State Of South Africa’s Economy

Leave a comment

There Is Bad News All Around. There is not an awful lot of good news about. And every time we battle to pull off some improvement, government tends to score an own goal. Witness the exchange rate’s reaction and JSE selloff over the past few days following the Mining Charter ‘announcement’ as well as the..
Continue reading…

Enjoyed this post? Share it!