Posts tagged with 'Politics'

 

Parastatal waste equals tax shortfall: Treasury will need to find new resources to close the budget gap

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

#FeesMustFall protest – Naked woman arrested at UCT

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

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

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

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

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

BLSA tells Eskom: ‘You remain suspended’

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

DA’s Hellen Zille is a follower of George Soros

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

Dudu Myeni finaly fired as SAA chair

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

No end to SAA’s nightmares

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

OUTA WINS FREEZE ON GUPTA MINE REHAB FUNDS AT BANK OF BARODA

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

SASSA IRREGULAR EXPENDITURE GROWS TO R1.4 BILLION

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!