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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OUTA WINS FREEZE ON GUPTA MINE REHAB FUNDS AT BANK OF BARODA
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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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Zwelithini ‘not paid what he deserves’ as a king – You got to be joking
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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..
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Energy minister slips up on oil plan
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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..
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EXCLUSIVE: Cash Paymaster Systems made R1-billion profit paying social grants
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Over the past five years Cash Paymaster Systems recorded a pre-tax profit of R1.1-billion from paying social grants on behalf of the government, the outsourced service provider told the Constitutional Court on Tuesday. After tax the net profit came to R705-million, the now infamous American-listed company said. That translates to a profit to shareholders of..
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Can we believe this: ‘I didn’t conspire with Zuma’ – Mkhwebane
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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..
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Johan Rupert: “Radical economic transformation is just a code word for theft”
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South Africa’s richest man Johann Rupert said “radical economic transformation,” the policy championed by the country’s President Jacob Zuma to reduce racial inequality, is no more than theft. “Radical economic transformation is just a code word for theft,” Rupert said on the sidelines of Richemont’s annual general meeting in Geneva on Wednesday. “That’s what’s happening..
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Pravin Gordhan – SA is not for sale
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South Africa’s future lies in the hands of active citizens who must stand up and make sure that state coffers are not looted by individuals with personal motives, says former finance minister Pravin Gordhan. Speaking at the Gandhi Lecture in Mountain Rise, Pietermaritzburg on Friday night, he decried alleged looting of state funds by the..
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