Economy

 

What is the ANC learning from the private sector

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Within the past few days, former president Kgalema Motlanthe said it would be good if the ANC was voted out of office (good for the ANC, that is), the outspoken MP Makhosi Khoza resigned from Parliament and from the ANC, and the Bank of Baroda won a court case to allow it to stop being..
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Makhosi Khoza leaves ANC to join anti-corruption organisation

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Makhozi Khoza has just announced that she is revoking her ANC membership to join the “the new anti-corruption movement of society and faith-based organisations”. Khoza made the announcement at a press briefing on Thursday at Lilliesleaf, Johannesburg. In a long, emotional speech she said that the ANC had become filled with corrupt leaders. “I have..
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Scopa to call KPMG to parliament over SARS ‘rogue unit’ retraction

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Parliament’s standing committee on public accounts (Sopa) will call KPMG to appear before parliament to account on its conduct regarding the SA Revenue Service (SARS) ‘rogue unit’ report and the subsequent withdrawal of some parts of this report, it said in a statement on Monday. Scopa’s ANC study group whip Mnyamezeli Booi said: “KPMG must..
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Moyane clings to existence of so-called ‘rogue unit’ despite KPMG confession

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Sars commissioner Tom Moyane has insisted that there is evidence to support the notion of a so-called “rogue unit” in Sars, despite a blow from auditing firm KPMG which withdrew its findings on the unit. Moyane announced in a press briefing on Monday that the South African Revenue Service is now pursuing legal action against..
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As the ANC crumbles, it’s time to choose

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The majority of South Africans, especially black people, are seriously disillusioned. They believe they have been abandoned at sea by their trusted captain. The problem is that black people had bought into the propaganda that the ANC was ordained to rule “until Jesus Christ comes back”. It is now more than clear to all thinking..
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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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Public protector vows to ‘set the record straight’ on Reserve Bank allegations.

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Public protector Busisiwe Mkhwebane will file court papers to “set the record straight” in response to an affidavit submitted by the South African Reserve Bank (Sarb) on Monday which alleges Mkhwebane plotted with the presidency and the State Security Agency (SSA) to change the constitutional mandate of the bank. Cleopatra Mosana, the spokesperson for the..
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Squabbles dim DA’s hope of 2019 win

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Worsening relations between the Democratic Alliance and smaller opposition parties are threatening the party’s hopes of assuming power nationally in 2019 by forming a coalition government. On Tuesday, when the DA brought a motion to dissolve Parliament, its opposition allies would not support it. The smaller opposition parties accused the DA of being arrogant for..
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Cyril Ramaphosa’s leaked emails: Echoes of apartheid-era dirty tricks

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A routine smear. This is the view of the overwhelming majority of commentators and analysts about last weekend’s “revelations” in the Sunday Independent that Deputy President Cyril Ramaphosa was a serial womaniser. The commentariat can expect more such smears. They will come against more than one candidate running for the presidency of the governing ANC..
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Malema lying about ‘personalised invitation’ to Magaqa’s funeral – KZN ANCYL

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The ANCYL in KwaZulu-Natal has accused EFF leader Julius Malema of “being a person of such low character”, after “he lied about being personally invited” to attend the funeral of former ANCYL secretary general Sindiso Magaqa. Provincial secretary Thanduxolo Sabelo on Wednesday said he had only made a comment as a gesture on Monday during..
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