Minister of Transport, Joe Maswanganyi has announced that South African motorists can expect to pay more in national licensing transaction fees in 2018. In terms of The Road Traffic Management Corporation Act, local registering authorities (licensing centres) must pay the Road Traffic Management Corporation (RTMC) a transaction fee for each motorist it processes. This is..
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Government increases vehicle licence fees
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Car brands Chrysler and Dodge to exit South Africa
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FCA (Fiat Chrysler Automobiles) bids farewell to two of its car brands in South Africa, with the Chrysler and Dodge vehicle ranges no longer being available locally. FCA, which also produces Jeep, Fiat and Alfa Romeo vehicles, said: “This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge..
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A shift in thinking is needed to counter South Africa’s startling rise in poverty
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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…
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R60m fraud case involving a former Petro-South Africa manager
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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..
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What Nkosazana Dlamini-Zuma stands for: “Return our land to the people”
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Nkosazana Dlamini-Zuma is touring KwaZulu-Natal promoting her platform of radical economic transformation. She spoke this week in Harding and Newcastle, but is proving hard to pin down face to face. The crowd packed into the Osizweni Community Hall is oblivious to the bitter Tuesday night cold as ANC presidential hopeful Dr Nkosazana Dlamini-Zuma wraps up..
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OUTA WINS FREEZE ON GUPTA MINE REHAB FUNDS AT BANK OF BARODA
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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..
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SASSA IRREGULAR EXPENDITURE GROWS TO R1.4 BILLION
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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..
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National Treasury captured by Finance Minister Gigaba?
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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..
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South Africa has lost 946 323 working days due to strikes
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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..
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The true financial cost of Hurricane Jacob
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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..
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