Posts tagged with 'SOUTH AFRICA'

 

Gigaba lashes out against ‘hysteria’ over SAA bailout

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Finance Minister Malusi Gigaba has spoken out against what he termed hysteria that has been created around the options government is considering to recapitalise South African Airways (SAA). He was speaking at a briefing at Treasury following a meeting with the steering committee of the CEO Initiative on Friday. He emphasised that government is still..
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Eskom wants to give Molefe R11-million golden handshake

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Public Enterprises Minister Lynne Brown this week quashed yet another bid by Eskom’s board to pay former CEO Brian Molefe a multimillion-rand golden handshake. The request to pay Molefe a settlement of R11.2-million was made to Brown by interim board chairman Zethembe Khoza. It came just months after the minister rejected an initial bid to..
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Are the Guptas starting to feel the heat?

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Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. The firm is at the centre of former Public Protector Thuli Madonsela’s State of Capture report, which found irregularities with its dealings with Eskom. Brian Molefe stepped down as a result of the report in..
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Falling BRICS endanger their citizens’ health, starting with Jacob Zuma.

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As he launches the African Regional Centre of the New Development Bank (NDB) in Sandton on Thursday, nearly 18 months behind schedule, Jacob Zuma must have mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club. “I was poisoned..
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SARS feeds Guptas and ANC

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A Parliamentary Question from the FF Plus regarding complaints received from the taxpayer (SARS) since the tax ombudsman came into existence indicates that everything is not well in SARS and that this service can become less and less trusted in dispute with Taxpayers themselves. Adv. Anton Alberts, the FF Plus parliamentary spokesman for finance, asked..
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Current climate at SARS is one of fear and loathing

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SARS spokesman Luther Lebelo went on Radio 702 on Friday to rubbish media reports and clear up perceptions over SARS and its Commissioner‚ Tom Moyane. Lebelo‚ who becomes increasingly agitated as the interview with Stephen Grootes progresses‚ was vehement in defending Moyane over a trip to Dubai in December 2015 and also speaks about the..
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Tax Season: “Pay to Caesar what is due to Caesar” – Even though red flags are raised

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Launching the 2017 tax season at the start of July newly-ensconced Minister of Finance Malusi Gigaba urged South African taxpayers to “pay to Caesar what is due to Caesar”. This week SARS announced that due to technical glitches, crucial documents filed by employers and taxpayers need to be refiled. It seems Commissioner Tom Moyane’s SARS..
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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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