The R50‑billion shortfall in tax revenue that the treasury will need to find elsewhere to plug the budget gap is close to how much state-owned entities (SOEs) have thrown down the drain in the past financial year. The auditor general, Kimi Makwetu, released national and provincial audit results on Wednesday. Although the number of clean..
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Parastatal waste equals tax shortfall: Treasury will need to find new resources to close the budget gap
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#FeesMustFall protest – Naked woman arrested at UCT
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The stomach-churning stench of human faeces‚ piles of rubbish‚ ripped curtains and a commotion on campus as the woman was being dragged into a police van greeted students on Thursday. Parts of the campus were sealed off by police in riot gear and private security and at least three people were arrested. Police spokesperson Captain..
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Poverty in SA a ‘direct baby’ of apartheid – Zuma
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Poverty is a direct baby of apartheid and not the making of the ANC-led government, said President Jacob Zuma in Parliament on Thursday. Zuma was responding to questions when he was confronted by statistics about the gradual increase in poverty levels in the country. In August this year, Statistics South Africa released the Poverty Trends..
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‘Pay back the money! She is a thief!’ ANC chants at De Lille during council meeting
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Patricia De Lille on Thursday said she has not stolen a single cent, insisting she had enough money to even consider lending money to the City of Cape Town – at a low interest rate – to deal with its water crisis. “I don’t need money from anyone,” she said ahead of her address during..
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The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech
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A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
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BLSA tells Eskom: ‘You remain suspended’
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Business Leadership SA on Monday reiterated the suspension of Eskom from the organisation. BLSA said it is holding high-level discussions with Eskom’s acting CEO‚ Sean Maritz‚ regarding serious allegations of corruption and state capture that had led to the suspension of the power utility from the organisation. “The first of these meetings was held on..
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DA’s Hellen Zille is a follower of George Soros
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And just look at who, 10 years ago, acknowledged that she served on George Soros’s advice for the Open Society Foundation! Insights into Helen Zille’s background and her philosophy. Moneweb: Here in South Africa the Open Society Foundation was founded By George Sores, who’s well know in financial circles. But you also played a quite..
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Dudu Myeni finaly fired as SAA chair
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Dudu Myeni has been removed from the board of South African Airways in what could be a range of changes made to the leadership of the embattled airline. The Mail & Guardian understands that Myeni will be replaced by businessperson JB Magwaza who has been appointed as the new board chairperson. It appears that members..
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No end to SAA’s nightmares
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The nation’s beleaguered airline has breathing room until October 31 — Halloween, after which its debt demons may return to haunt it with a vengeance. It is understood that most of SAA’s lenders have agreed to roll over the outstanding debt that came due at the end of September for one more month while negotiations..
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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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