Africa

 

Open Letter: White South Africa Faces Adapt Or Die Moment As ANC Talks Up Radical Economic Transformation

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Facing the next key fight for his political future, acornered President Jacob Zuma has this year decided to notch up rhetoric on ‘radical economic transformation‘. As part of this call and amid the Zuptoids’ growing use of terminology such as ‘white monopoly capital’, Zuma recently sparked further scares in the local and international investment communities..
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Zille’s tweets the biggest headache for Maimane

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Western Cape Premier Helen Zille must be “dealt with” for her praise of colonialism and expelled from the party, several DA leaders said on Wednesday. They believed that how the party handled her defence of colonialism would test the party’s commitment to non-racialism. The leaders, who spoke on condition of anonymity, include members of the..
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Racism will soon be a crime punishable by law

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Jacob Zuma claims that the ideology of racism remained firmly entrenched among some population groups. Practising racism and racial intolerance will soon be an offence punishable by law in South Africa, according to President Zuma. Addressing a small but very enthusiastic crowd at Victoria Grounds in King William’s Town, Eastern Cape, to mark Human Rights Day, Zuma..
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Leaked Letters Reveal ‘SARS Wars’ Showdown Between Gordhan And Moyane

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Leaked letters between SARS head Tom Moyane and finance minister Pravin Gordhan reveal a complete breakdown in the relationship between the two finance heads. In one letter, leaked to and republished by the Mail & Guardian, Gordhan lambasted Moyane for approving his own salary increase for the 2015/16 financial year. In the letter to Moyane,..
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New Tax Tables For 2017: This Is How Much You Will Pay

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Following the announcement of new tax changes for the 2017/18 financial year by finance minister Pravin Gordhan, the country’s tax tables have been updated. One of the biggest changes announced by the finance minister is the introduction of a new tax bracket, aimed at the country’s wealthy. South Africans who earn more than R1.5 million..
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SAA to remain under intense government oversight – Gordhan – Budget 2017

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SAA will remain under intense government oversight, Finance Minister Pravin Gordhan said in his report contained in National Treasury’s 2017 Budget Review, which he tabled in Parliament on Wednesday. Referring to recommendations made by the Select and Standing Committees on Finance on the 2016 Revised Fiscal Framework, Gordhan said the committees recommend that National Treasury..
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Gordhan ups social spending and squeezes the rich

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Despite trying circumstances, Finance Minister Pravin Gordhan announced on Wednesday that the budget introduces new tax measures that target the rich and that social spending is prioritised to favour the poor. In his highly anticipated budget speech, Gordhan announced a new top personal income tax rate of 45% for those with taxable incomes of more..
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Mashaba ‘still pissed off’ – businessman Reddy on City Power investigation

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Mayor Herman Mashaba’s investigation into alleged corruption involving the city’s R1bn smart electricity meter tender is just petty politics, businessman Vivian Reddy said. Reddy is the owner of Edison Power which was awarded the billion rand tender to install smart meters throughout the municipality. The contract has been probed four times in the past by..
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Zuma: We are not racist when we say whites own land

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Addressing land ownership in South Africa does not make the government racist, President Jacob Zuma said in his reply on Thursday to MPs who had debated his State of the Nation address (Sona) earlier this week. Zuma was speaking inside the National Assembly in Parliament, where his comments on land reform were met with applause…
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The nuts and bolts of radical economic transformation

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At President Jacob Zuma’s second inauguration, he vowed that economic transformation would “take centre stage” during his last term of office. He promised that “the structure of the economy will be transformed through industrialisation, broad-based black economic empowerment and through strengthening and expanding the role of the state in the economy”. That the economy would..
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