Posts tagged with 'New South Africa'

 

Grand-scale corruption at PRASA covered up by treasury

Leave a comment

For almost a year, National Treasury has kept the lid on almost 200 investigations into PRASA contracts which show that up to R2.5 billion was siphoned off in contracts which should never have been signed. The investigations, into contracts worth R10 million or more, were ordered by former Public Protector Thuli Madonsela following her 2015..
Continue reading…

Enjoyed this post? Share it!

 
 

Unions call for R8,500 instead of R3,000 for farm workers

1 Comment

Over 100 trade union members from farms across the Western Cape gathered for the Fourth Commercial Stevedore Agricultural and Allied Workers Union (CSAAWU) National congress. The two day conference in Surrey Estate, which started on Friday, will consider climate change, women and youth on farms, migrants, and the proposed minimum wage amongst other things. CSAAWU..
Continue reading…

Enjoyed this post? Share it!

 
 

Gigaba: SA To Raise Revenue By R15bn In 2018’s Budget To Curb Debt

Leave a comment

South Africa will implement spending cuts of R25 billion rand and raise revenue by R15 billion in next year’s budget to contain growing debt, Finance Minister Malusi Gigaba told Parliament on Wednesday. Gigaba said the extra R40 billion, or 0.8% of GDP, would be used to tackle rising public debt which otherwise could balloon beyond..
Continue reading…

Enjoyed this post? Share it!

 
 

ANC regime is the reason why South African citizens live in poverty

Leave a comment

Two equal evils, poverty and inequality lie at the root of South Africa’s economic problems. Both should be treated equally. If the focus is only on inequality, it will create an economy where everyone is equally poor, except the elite which holds power, said adv. Anton Alberts, chairman of the FF Plus. Adv. Alberts said..
Continue reading…

Enjoyed this post? Share it!

 
 

Officer investigated for fraud was nominated for trip to France

Leave a comment

Instead of suspending a high-ranking police officer who is under investigation for fraud, the police wanted to send her on a trip to France. The Portfolio Committee on Police on Wednesday took a dim view when acting head of crime intelligence Major General King Bhoyi Ngcobo – who has been described in the press as..
Continue reading…

Enjoyed this post? Share it!

 
 

Just in SA – Power tariffs increase, municipalities do not pay

Leave a comment

Eskom has tried to explain their request for a tariff increase of almost 20 percent to Nersa, but it seems that several municipalities simply do not pay for Eskom services. Direct consumers of Eskom Power, such as farmers and industries, will be severely affected by the requested tariff increase. Now it appears that Eskom does..
Continue reading…

Enjoyed this post? Share it!

 
 

Zackie Achmat: SA is on the verge of ‘chaos’ – Yes we know that already!

Leave a comment

We must accept we are in an extremely dangerous situation where, unless we do something, we will create the moment of chaos.” This is the warning to South Africa from 55-year-old anti-apartheid activist and acclaimed Treatment Action Campaign (TAC) co-founder Zackie Achmat. “Everyone I know, all of us just hope Cyril [Ramaphosa] will win [the..
Continue reading…

Enjoyed this post? Share it!

 
 

ESKOM FACING CASHFLOW TROUBLE – THEN STOP SPENDING MONEY ON BONUSES

Leave a comment

Eskom spokesman Khulu Phasiwe said the firm’s sales growth had been muted while its operating cost was very high and its tariff for the current financial year was low. South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the..
Continue reading…

Enjoyed this post? Share it!

 
 

How you will pay for Zuma’s free education plan

Leave a comment

The government is considering drastic budget cuts to fund free higher education, including cutting social grants, freezing the roll-out of RDP houses and increasing taxes. With the country facing an unpre-cedented R50.8‑billion revenue hole, a treasury document has been put before President Jacob Zuma by the presidential fiscal committee, outlining possible areas where budgets could..
Continue reading…

Enjoyed this post? Share it!

 
 

SARS desperate – goes after taxpayer who owes R0.49

Leave a comment

SARS is getting desperate after suffering huge shortfalls, and is now auditing a large portion of taxpayers who need to receive refunds. This is according to the Rapport newspaper, which spoke to tax practitioners about changes at the revenue service. According to the newspaper, more salary earners are subjected to audits – while SARS takes..
Continue reading…

Enjoyed this post? Share it!