SA News

 

DA’s Hellen Zille is a follower of George Soros

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And just look at who, 10 years ago, acknowledged that she served on George Soros’s advice for the Open Society Foundation! Insights into Helen Zille’s background and her philosophy. Moneweb: Here in South Africa the Open Society Foundation was founded By George Sores, who’s well know in financial circles. But you also played a quite..
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Sars’ brand diminished by unskilled staff

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For every step in the right direction, Sars manages to tumble down two. The Tax Ombud is slowly gaining ground in assisting taxpayers in resolving their tax differences with Sars. Unfortunately, these “tax differences” are frequently of Sars’ making, and as Sars slips further behind in the revenue target, so can we expect an exponential..
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Banks go on the offensive to parry political attacks

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South Africa’s banks have gone on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality. Attacks on the lenders have been led by Jacob Zuma, who’s accused them of monopolising the financial services industry, and questioned whether they colluded when closing accounts belonging to members of..
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Former Eskom CEO approved R66-million deal that benefited his sister – No end to corruption

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Former Eskom acting CEO Matshela Koko has been found to have “personally signed off on a deviation order that allowed his stepdaughter’s company Impulse International, to score a R66m deal from Eskom without going out to tender.” Business Day reported on Thursday that they had obtained a copy of a confidential “sole source justification” memo…
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Dudu Myeni finaly fired as SAA chair

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Dudu Myeni has been removed from the board of South African Airways in what could be a range of changes made to the leadership of the embattled airline. The Mail & Guardian understands that Myeni will be replaced by businessperson JB Magwaza who has been appointed as the new board chairperson. It appears that members..
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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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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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SABC has another problem: people have stopped paying TV licences – wonder why??

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The SABC’s latest annual report shows a drastic decline in revenue from TV licences. According to the 2017 report, revenue of R847.4 million was collected through television licence fees. This figure is R449.4 million – 34.7% – below budget, representing a decrease of R178.5 million – 17.4% – compared to the previous year. “The revenue..
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