Finance Minister Malusi Gigaba has told Parliament the Treasury’s damning report on Eskom’s coal supply agreements with Tegeta Exploration and Resources had been mistakenly marked as “final” and had to be withdrawn. The Treasury sent the report to the standing committee on public accounts, but now said it had not been finalised, according to Gigaba’s..
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Gigaba wants to withdraw Treasury’s report on Eskom’s coal supply agreements
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Black-owned And Led Institutions Have A Legacy of Corruption – EFF
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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Sars loses bid to appeal ruling on Malema – another setback in legal battle against EFF leader
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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Intelligence Report: Zuma – It is mine and you can’t have it
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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Department of finance is being run by complete morons
New finance minister Malusi Gigaba’s key advisor over the weekend published an opinion piece advocating for the nationalisation of mines, insurance companies and the banks, leaving Treasury with a PR disaster on Tuesday. Ok look, a bad PR day for some government departments wouldn’t normally cause too much of a ruckus, except if that department..
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Not only whites eager to escape South Africa
There has been a notable increase in the number of people looking to emigrate from South Africa following the economic and political events of this past week. This is according to immigration consultant, Chris Watters, who spoke to 702’s Abongile Nzelenzele. “On average we may receive a couple of inquiries a week whereas this week..
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The True Reason behind the sacking of Gordan and what will happen next
What explains the allegedly irrational decisions taken by the South African government over recent days? Two explanations suggest themselves. The first is that the decisions were not irrational, but part of a calculated power-play designed to further entrench the Zuma-aligned faction of the African National Congress (ANC). The second is that Mr Zuma took the..
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