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UK to probe European banks linked to SA state capture

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A complaint about European banks who may be involved in the illicit financial flows of state capture in South Africa has been forwarded to two law enforcement agencies in the United Kingdom, leaving these banks open to investigation and prosecution. The Chancellor of the Exchequer Philip Hammond forwarded a message about banks based in the..
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Road users will pay steep licence fee from next year

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The Justice Project South Africa has called on Transport Minister Joe Maswanganyi to justify, or at the very least explain, the 71 percent increase in eNaTIS vehicle licence fees for 2018. Earlier in October Maswangani announced that as from 1 February 2018, an amount of R72 (an increase of R30) would be added to the..
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Foster grants system is about to collapse – Bathabile Dlamini’s next national embarrassment?

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The department of social development may find itself in a similar situation with foster care grants as it did earlier in 2017 when it missed the Constitutional Court’s deadline to take over the payment of social grants. According to GroundUp, thousands of foster care placement orders will expire on December 31, which means that the..
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No end to SAA’s nightmares

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The nation’s beleaguered airline has breathing room until October 31 — Halloween, after which its debt demons may return to haunt it with a vengeance. It is understood that most of SAA’s lenders have agreed to roll over the outstanding debt that came due at the end of September for one more month while negotiations..
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Government increases vehicle licence fees

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Minister of Transport, Joe Maswanganyi has announced that South African motorists can expect to pay more in national licensing transaction fees in 2018. In terms of The Road Traffic Management Corporation Act, local registering authorities (licensing centres) must pay the Road Traffic Management Corporation (RTMC) a transaction fee for each motorist it processes. This is..
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Car brands Chrysler and Dodge to exit South Africa

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FCA (Fiat Chrysler Automobiles) bids farewell to two of its car brands in South Africa, with the Chrysler and Dodge vehicle ranges no longer being available locally. FCA, which also produces Jeep, Fiat and Alfa Romeo vehicles, said: “This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge..
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R60m fraud case involving a former Petro-South Africa manager

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The Hawks arrested Petro SA’s corporate social investment manager Matshidiso Mogashoa for alleged fraud of more than R60 million. According to the Hawks, the crimes were committed between 2007 and 2011. Once again the question arises how a person can steal money, and Petro SA takes almost 10 years to realize that the money is..
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OUTA WINS FREEZE ON GUPTA MINE REHAB FUNDS AT BANK OF BARODA

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The Organisation Undoing Tax Abuse (OUTA) won an urgent interim interdict in the Pretoria High Court against the Bank of Baroda, freezing R1.75 billion in the Gupta-owned Optimum and Koornfontein coal mines’ rehabilitation trust fund accounts. “This is another sweet victory for South Africa, with the prevention of Gupta mining trust accounts worth at least..
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SASSA IRREGULAR EXPENDITURE GROWS TO R1.4 BILLION

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In Sassa’s latest financial statements tabled in Parliament on Friday, the Auditor General says the agency did not take effective steps to prevent the irregular expenditure. The Auditor General has deemed the R43 million spent by the South Africa Social Security Agency (Sassa) on so-called work streams to have been irregular. In Sassa’s latest financial..
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