Excerpts from Bloomberg Publishing’s 6,000 Word Expose Yesterday was the worst day in what has already been a rotten year for the crony capitalist Gupta family. It started with Bloomberg publishing a 6,000 word expose’ targeted at the news giant’s massive global audience. Its title – The Brothers Who Bought South Africa – provides a taste..
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The Brothers Who Bought South Africa – Explosive Expose
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How you will pay for Zuma’s free education plan
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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..
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Kasrils: ‘Jacob Zuma Is Dangerous‚ Deceitful And Has Betrayed His Country’
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So says the Jew who supported the ANC, Malema, Mbeki and Zuma together with FW de Klerk – to trash South Africa Former intelligence minister Ronnie Kasrils has labelled Jacob Zuma a dangerous disgrace who has betrayed the country and its people‚ and who will stop at nothing to eliminate criticism. Discussing his latest book‚ A..
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Saudi tensions could increase SA fuel prices
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The recent political upheaval in Saudi Arabia will lead to South African motorists paying an additional 70 to 80 cents more for fuel in December. And there could be a further increase of about 60 cents in January if current tensions persists, says Econometrix chief economist Azar Jammine. Oil, which has traded at about $50..
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Treasury letter – Sassa should not have disqualified Post Office
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A letter by National Treasury to acting South African Social Security Agency (Sassa) CEO Pearl Bhengu says the agency should not have disqualified the South African Post Office (SAPO) from three possible services in the social grants scheme. Treasury was given a week last Wednesday to review all the deal points of the then-collapsing deal..
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Pauw Gets Death Threats Over Zuma Book
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Investigative journalist and author Jacques Pauw. “If you don’t stop writing about Jacob Zuma‚ you are going to be dead.” That is the message investigative journalist and author of The President’s Keepers‚ Jacques Pauw‚ says he received from an anonymous caller on Monday evening. “I received a call from a private number while I was..
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Take Your Money Out Of South Africa, Says Economist
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“Take your money out of South Africa. This country is in deep trouble.” This is the shattering advice given by Efficient Group’s chief economist Dawie Roodt following the release of the auditor-general’s report on national irregular expenditure. The report showed that irregular expenditure increased 55% since the previous year to R45.6billion and could rise to..
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SANRAL SCRAPS E-TOLL DEBT OF R3.6BN
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Sanral says it will write off R3.6 billion for the current financial year but will continue attempts to recover unpaid e-tolls by taking defaulters to court. The South African National Roads Agency Limited (Sanral) has confirmed it will be scrapping debt of more than R3 billion in unpaid e-tolls. Sanral says it will write off..
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South Africa is held hostage to the toxic politics of the ANC
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If it showed anything, the recent medium-term budget policy statement has proven that South Africa does not have a government capable of dealing honestly and head on with the developmental crisis that the country finds itself in. It will not have such a government for some time, at least not until the 2019 general election..
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Zuma will make an 85% profit on his Nkandla home after repaying the state R7.8m
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NEWS ANALYSIS: President Jacob Zuma has until the end of August to repay the state R7.8-million for taxpayer-funded improvements to his Nkandla home. But, ironically, that amount represents – conservatively – an 85% profit for Zuma. Combining the findings of the treasury with a 2014 report by the Special Investigating Unit (SIU) shows that the..
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