Posts tagged with 'government'

 

South Africa is held hostage to the toxic politics of the ANC

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If it showed anything, the recent medium-term budget policy statement has proven that South Africa does not have a government capable of dealing honestly and head on with the developmental crisis that the country finds itself in. It will not have such a government for some time, at least not until the 2019 general election..
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Zuma will make an 85% profit on his Nkandla home after repaying the state R7.8m

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NEWS ANALYSIS: President Jacob Zuma has until the end of August to repay the state R7.8-million for taxpayer-funded improvements to his Nkandla home. But, ironically, that amount represents – conservatively – an 85% profit for Zuma. Combining the findings of the treasury with a 2014 report by the Special Investigating Unit (SIU) shows that the..
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Cabinet Ministers set for 4% pay rise as reward for tanking the economy

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Unfortunately, it’s not April Fool’s Day. We are deadly serious when we tell you that political heavyweights who’ve overseen a slump in the South African economy are set to receive a 4% pay rise. In a year of recession, junk-status and a declared tax shortfall of R50bn, it seems like our top brass have found..
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Parastatal waste equals tax shortfall: Treasury will need to find new resources to close the budget gap

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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..
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#FeesMustFall protest – Naked woman arrested at UCT

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

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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..
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The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech

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A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
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FeesMustFall protests descend into chaos in Cape Town

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A third wave of #FeesMustFall protests has been marred by violence, as the demonstration marched its way to Parliament. The students are demanding the release of the fees commission report, which details funding of tertiary education. These protesters have made a slashing of tuition fees their main issue to raise, on the day Finance Minister..
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BLSA tells Eskom: ‘You remain suspended’

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Business Leadership SA on Monday reiterated the suspension of Eskom from the organisation. BLSA said it is holding high-level discussions with Eskom’s acting CEO‚ Sean Maritz‚ regarding serious allegations of corruption and state capture that had led to the suspension of the power utility from the organisation. “The first of these meetings was held on..
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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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