South Africa urgently needs new policy ideas to reverse the alarming increase in poverty among its population. New figures reveal an increase of three million South Africans living in poverty over the last five years. More than half (55%) of the population lives on less than R1,138 (USD$107) a month, up from 53% in 2011…
Continue reading…
A shift in thinking is needed to counter South Africa’s startling rise in poverty
Leave a comment
Enjoyed this post? Share it!
R60m fraud case involving a former Petro-South Africa manager
Leave a comment
The Hawks arrested Petro SA’s corporate social investment manager Matshidiso Mogashoa for alleged fraud of more than R60 million. According to the Hawks, the crimes were committed between 2007 and 2011. Once again the question arises how a person can steal money, and Petro SA takes almost 10 years to realize that the money is..
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!
National Treasury captured by Finance Minister Gigaba?
Leave a comment
Officials in the Treasury accused the finance minister, Malusi Gigaba, of hijacking the treasury by running a parallel administration. This he did by appointing about 20 confidants in his office. In this public attack on Gigaba, it is claimed that he decided to delay a forensic investigation into Eskom contracts with Tegata. The allegation also..
Continue reading…
Enjoyed this post? Share it!
South Africa has lost 946 323 working days due to strikes
Leave a comment
The Department of Labour’s Acting Director General, Vuyo Mafata, on Thursday released the Industrial Action Report for 2016, which shows that the South African labour market lost a total of 946 323 working days as a result of 122 work stoppages. This, according to the report, represents a 4.7% increase in working days lost in..
Continue reading…
Enjoyed this post? Share it!
The true financial cost of Hurricane Jacob
Leave a comment
Over 1 month, six months, one year, three years and even five years. In rand as well as US dollars. Against the developed world and now also against the emerging market world. Take your pick; it doesn’t matter. These are the current facts of the returns of the Johannesburg Stock Exchange relative to the major..
Continue reading…
Enjoyed this post? Share it!
Zwelithini ‘not paid what he deserves’ as a king – You got to be joking
Leave a comment
IS HE WORTH IT? King Goodwill Zwelithini’s family has grown over the years, and with it the amount the taxpayer continues to fork out to fund it Zulu King Goodwill Zwelithini has lashed out at the provincial government‚ accusing them of failing to pay him what he deserves. The monarch was speaking at a King..
Continue reading…
Enjoyed this post? Share it!
Energy minister slips up on oil plan
Leave a comment
Minister of Energy Mmamoloko Kubayi is backtracking on the investigation into the sale of the country’s oil reserves, say highly placed sources. But the minister has denied this outright. In May, Kubayi announced in Parliament that she would investigate the controversial sale by the Strategic Fuel Fund (SFF) of 10-million barrels of the country’s fuel..
Continue reading…
Enjoyed this post? Share it!
Can we believe this: ‘I didn’t conspire with Zuma’ – Mkhwebane
Leave a comment
Public Protector Busisiwe Mkhwebane has denied conspiring with the presidency and State Security Agency‚ saying her office remains independent. In papers filed in the High Court in Pretoria‚ the Reserve Bank accused Mkhwebane of meeting with President Jacob Zuma’s office and the State Security Agency before releasing her report on missing apartheid funds. The report..
Continue reading…
Enjoyed this post? Share it!
- Jobs
- Premium Domains:
Powered by Jislaaik.com and SAFFA