Economy

 

Eskom bent over backwards to award the Gupta family a R4bn coal supply contract

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Tegeta Exploration and Resources is owned by the Gupta family and President Jacob Zuma’s son Duduzane. Treasury has been at loggerheads with Eskom over the Tegeta deal ever since its investigations of contracts over R10m at the power utility. The Sunday Times revealed that former Eskom boss Brian Molefe and Eskom board chairperson Ben Ngubane..
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Trevor Manuel wants oath-breaking Zuma to resign

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Trevor Manuel is the highest profile ANC leader yet to call on President Jacob Zuma to resign. A politician since 1981 and South Africa’s highly respected Minister of Finance from 1996 to 2009, he served presidencies of Nelson Mandela, Thabo Mbeki and Kgalema Motlanthe. Manuel chaired the National Development Plan and during the First Zuma..
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Not only whites eager to escape South Africa

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There has been a notable increase in the number of people looking to emigrate from South Africa following the economic and political events of this past week. This is according to immigration consultant, Chris Watters, who spoke to 702’s Abongile Nzelenzele. “On average we may receive a couple of inquiries a week whereas this week..
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Food Prices my rise due to Radical Economic Transformation

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The fact that the new finance minister appears quite indifferent about the country’s newly acquired junk status, and the fact that President Zuma did not want to talk about it, is shocking. It shows an absolute indifference to the fate of consumers and the poor of the country, said the president of TAU SA, Mr…
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Institute of Race Relations states that BEE failed

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What the public have long known by visible experience, is now recognised – black economic empowerment is a failure. This is confirmed by the Institute of Race Relations. Only 14% of the country’s blacks benefited from BEE. But what is not mentioned in the report, is the millions that went to the top ANC cadres..
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The True Reason behind the sacking of Gordan and what will happen next

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What explains the allegedly irrational decisions taken by the South African government over recent days? Two explanations suggest themselves. The first is that the decisions were not irrational, but part of a calculated power-play designed to further entrench the Zuma-aligned faction of the African National Congress (ANC). The second is that Mr Zuma took the..
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Act Of Stupidity Or Not?

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The ANC mistakenly sent notes about its national working committee meeting to its media national working committee meeting on Tuesday night April 4, 2017.The NWC met in Johannesburg as divisions deepen following President Jacob Zuma’s Cabinet reshuffle last week. According to the email sent out by mistake, issues discussed included: Change of leadership and attendant..
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The Big Read: The Guilt Of The Gutless Three

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STRAW MEN: President Jacob Zuma with Gwede Mantashe, Cyril Ramaphosa and Zweli Mkhize.  One day, when the history of South Africa is written, three men will be remembered for having sold their organisation, their people, and their country down the river. Those three men are Cyril Ramaphosa, Gwede Mantashe and Zweli Mkhize – the deputy..
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Reason behind SA’s junk status credit rating – full S&P statement

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In our opinion, the executive changes initiated by President Zuma have put at risk fiscal and growth outcomes. We assess that contingent liabilities to the state are rising. We are therefore lowering our long-term foreign currency sovereign credit rating on the Republic of South Africa to ‘BB+’ from ‘BBB-‘ and the long-term local currency rating..
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How do we … as the people, impeach a president ??

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In court papers filed on Thursday, opposition parties asked the Constitutional Court to order Parliament to put a mechanism in place to investigate whether “the president has made himself guilty of an offence or inability”, which would warrant the exercise of Parliament’s impeachment powers. The Economic Freedom Fighters (EFF), the Congress of the People (Cope)..
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