Posts tagged with 'Africa'

 

Minister’s Benz: Going… going … gone …. for R10!

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A Mercedes-Benz sedan belonging to Defence and Military Veterans’ Minister Nosiviwe Mapisa-Nqakula was sold for a lousy R10 during an auction in King William’s Town on Thursday morning. This after it was placed under the hammer after Mapisa-Nqakula had failed to settle a R50000 debt to a King William’s Town garage which had worked on..
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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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SAA cash crunch deepens as suppliers have still not been paid

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South African Airways (SAA) appears to have exhausted its available cash reserves following news that suppliers have still not been paid for work done in July. The airline has thirty-day terms with a number of suppliers that provide essential services to it. They had not been paid at the end of last week, a week..
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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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Gigaba lashes out against ‘hysteria’ over SAA bailout

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Finance Minister Malusi Gigaba has spoken out against what he termed hysteria that has been created around the options government is considering to recapitalise South African Airways (SAA). He was speaking at a briefing at Treasury following a meeting with the steering committee of the CEO Initiative on Friday. He emphasised that government is still..
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Dlamini-Zuma: Radical economic transformation ‘pro-South Africa not anti-white’ – It is not what your comrades states!

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ANC presidential hopeful Nkosazana Dlamini-Zuma has rubbished accusations that calls for radical economic transformation are tantamount to anti-white sentiment. Dlamini-Zuma said the policy of radical economic transformation was in fact “pro-South Africa“. Dlamini-Zuma was speaking on Friday at an event hosted by the Progressive Professionals Forum in Woodmead‚ north of Johannesburg. She advised white people..
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Current climate at SARS is one of fear and loathing

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SARS spokesman Luther Lebelo went on Radio 702 on Friday to rubbish media reports and clear up perceptions over SARS and its Commissioner‚ Tom Moyane. Lebelo‚ who becomes increasingly agitated as the interview with Stephen Grootes progresses‚ was vehement in defending Moyane over a trip to Dubai in December 2015 and also speaks about the..
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Unemployment in SA rising amongst youth due to poor economic growth

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The unemployment rate of 53% among South Africans between the ages of 15 and 24 shows that young people are the worst hit by poor economic growth, according to a report from the Organisation for Economic Cooperation and Development (OECD). The OECD released its latest report on South Africa this week. According to statistics from..
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Tax Season: “Pay to Caesar what is due to Caesar” – Even though red flags are raised

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Launching the 2017 tax season at the start of July newly-ensconced Minister of Finance Malusi Gigaba urged South African taxpayers to “pay to Caesar what is due to Caesar”. This week SARS announced that due to technical glitches, crucial documents filed by employers and taxpayers need to be refiled. It seems Commissioner Tom Moyane’s SARS..
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Eskom, where does all the money go? – This is daylight robbery!

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The average four-person South African household should pay R290 a month for electricity, yet Eskom is charging them roughly R1,200, says a lobby group. Now Eskom is seeking a 20% tariff increase from the National Energy Regulator of South Africa (Nersa). Energy analysts have described Nersa, which starts its public hearings into the proposed tariff..
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