Parliament

 

Reason behind SA’s junk status credit rating – full S&P statement

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

How do we … as the people, impeach a president ??

Leave a comment

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)..
Continue reading…

Enjoyed this post? Share it!

 
 

Zuma’s critics in ANC are very vocal .. but the question is .. will they act ??

Leave a comment

There is a lot of brave talk about standing up to President Jacob Zuma after the dismissal of Finance Minister Pravin Gordhan amid a wider Cabinet reshuffle which has been widely condemned as disastrous for South Africa. Predictions that the country has reached “a turning point”, is facing a ratings downgrade and plummeting investment, rising..
Continue reading…

Enjoyed this post? Share it!

 
 

Zille is not backing down over colonialism tweet she made !!

Leave a comment

After taking flak for 12 days about her tweets on colonialism‚ a defiant Helen Zille refused to back down in the Western Cape legislature on Tuesday. After a fiery speech in her own defence‚ the premier received a standing ovation from DA colleagues. But acting ANC leader Khaya Magaxa‚ who brought the motion for the..
Continue reading…

Enjoyed this post? Share it!

 
 

What is going to happen to our Economy now … Zuma tells Communist Party Gordhan is out

Leave a comment

Johannesburg – South African President Jacob Zuma told senior leaders of the South African Communist Party that he plans to fire Finance Minister Pravin Gordhan, according to three people with knowledge of the matter. The rand plummeted. Zuma told officials from the party, which is allied to his ruling African National Congress, during a meeting..
Continue reading…

Enjoyed this post? Share it!

 
 

Zuma pull out his guns – N24

Leave a comment

President Jacob Zuma took a strong stand at this weekend’s national executive committee (NEC) meeting in Irene in Gauteng, defending his position on the issue of land expropriation without compensation, and challenging his critics to read the ANC’s 2012 conference resolutions if they disagreed with his views. City Press heard that Zuma had “set the..
Continue reading…

Enjoyed this post? Share it!

 
 

Zille’s tweets the biggest headache for Maimane

1 Comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

New Tax Tables For 2017: This Is How Much You Will Pay

Leave a comment

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..
Continue reading…

Enjoyed this post? Share it!

 
 

Replacing South Africa’s finance minister, or his deputy, would carry a heavy cost

Leave a comment

Many see the decision by South Africa’s governing African National Congress (ANC) to send the disgraced former CEO of the power utility Eskom to parliament as the precursor to another attack on the National Treasury and to remove finance minister Pravin Gordhan. The decision to give Brian Molefe a seat in the country’s parliament has..
Continue reading…

Enjoyed this post? Share it!

 
 

Conspiracy, disinformation and Zuma-Gordhan fight loom over budget

Leave a comment

A year after President Jacob Zuma began feuding with his Finance Minister Pravin Gordhan over control of the nation’s purse strings, the conflict appears to be coming to a head. When he presents his annual budget in Parliament on Wednesday, Gordhan will seek to keep state spending in check and fend off a junk credit..
Continue reading…

Enjoyed this post? Share it!