Posts tagged with 'New South Africa'

 

Eskom, where does all the money go? – This is daylight robbery!

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The average four-person South African household should pay R290 a month for electricity, yet Eskom is charging them roughly R1,200, says a lobby group. Now Eskom is seeking a 20% tariff increase from the National Energy Regulator of South Africa (Nersa). Energy analysts have described Nersa, which starts its public hearings into the proposed tariff..
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Jacob Zuma wages war on South Africa’s institutions

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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..
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Pension funds in ANC crosshairs source of funding for state development

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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..
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Black-owned And Led Institutions Have A Legacy of Corruption – EFF

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The Economic Freedom Fighters (EFF) says black-owned and led institutions in South Africa are known for their legacy of nepotism, corruption and kleptocracy. EFF made the assertion while it was celebrating the VSB Mutual Bank decision to shut the Gupta’s business accounts. Earlier this month, it emerged that the VSB Mutual Bank closed the accounts..
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South African taxpayers is footing the bill for foreign prisoners

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There are about 6 440 sentenced foreign nationals in South African prisons, serving an average of 10.6 years for various crimes they committed in this country. The South African taxpayer is footing the bill amounting to R845 million per annum and R8.96 billion over their average 10-year sentence period. The costs are based on a..
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Sars loses bid to appeal ruling on Malema – another setback in legal battle against EFF leader

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The South African Revenue Service (Sars) has suffered another setback in its legal battles against Economic Freedom Fighters leader Julius Malema. On Friday Judge Tati Makgoka dismissed the application by Sars for leave to appeal a 2016 judgment that partly favoured Malema. Sars wanted the High Court in Pretoria to rule that former judge Mabel..
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Breaking News: Over 12 000 “Zombie Entrepreneurs” are doing business with the SA government

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It reads like the start of a joke, but we’re afraid this one’s no laughing matter. National Treasury has discovered about 12,000 dead people in its register of companies that do business with the state. A report by the Sunday Times has revealed that there are around 12 000 people on the South African government’s..
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It is OK to abuse tax money as long as you beat a ‘deadline’ when a new law comes into effect

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Public officials who abused taxpayers’ money to get themselves government tenders amounting to R48 million are legally off the hook. More than 200 state employees, who were reported to management for dodgy dealings, couldn’t be touched because a new law hadn’t come into effect yet. And government can’t do anything about it, according to Eugene..
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Intelligence Report: Zuma – It is mine and you can’t have it

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President Jacob Zuma has refused to urgently furnish the DA with documents, including the so-called intelligence report, on which he allegedly based his decision to fire former Minister of Finance, Pravin Gordhan and his deputy, Mcebisi Jonas. The DA will next week turn to the High Court in Pretoria in a bid to compel Zuma..
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Nuclear deal ruled as unlawful and unconstitutional: Learn all about the dark secrets of this shady deal

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The Western Cape High Court ruled on Wednesday that the South African government’s nuclear agreements with Russia, Korea and the US were unlawful and unconstitutional. In a landmark ruling, the Court also scrapped the South African government’s decision to buy about eight nuclear power stations — 9600MW of nuclear power. This decision was first gazetted..
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