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Poverty in SA a ‘direct baby’ of apartheid – Zuma

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Poverty is a direct baby of apartheid and not the making of the ANC-led government, said President Jacob Zuma in Parliament on Thursday. Zuma was responding to questions when he was confronted by statistics about the gradual increase in poverty levels in the country. In August this year, Statistics South Africa released the Poverty Trends..
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Open Letter To Zuma -Your Vision For This Once Beautiful Country Is A Huge Fat “For Sale” Sign!

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Good day Mr President! Firstly, I know you’re a fucktard, so lets cut the pleasantries and get down to business! This Country is my Country – one that my forefathers built with pride and dignity – something every moral fibre in your being is devoid of! In 1994, I voted for change, the change that..
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February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget

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The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance Minister until..
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Full Junk Status For South Africa Is Inevitable

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While two of the three major rating agencies already have South Africa’s foreign debt ratings in sub-investment grade, finance minister Malusi Gigaba’s bleak budget speech this week practically makes ‘full’ junk for the country an inevitability. As the market and analysts digest the key takeaways from the budget speech, the overarching theme that has emerged..
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This Is Who Is Paying South Africa’s Tax – A Paltry 13% Of The South African Population

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Finance expert Jayson Coomer, known as the Rolling Alpha, has updated his annual breakdown of South Africa’s tax trends, following the mini-budget speech delivered this week. According to Coomer’s data, currently a paltry 13% of the South African population of 56 million people are the ones paying income taxes – with the other 87% not contributing..
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February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget

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Matthew Lester The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance..
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Medium Term Budget Policy Statement  2017 Reveals The Full Horror Of Jacob Zuma’s Catastrophic Mismanagement Of The Economy In South Africa

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The Minister of Finance, Malusi Gigaba’s, “maiden” medium-term budget policy statement exposes the full horror of President Jacob Zuma’s catastrophic management of the economy in South Africa. The minister’s medium-term budget policy statement reveals a full-scale budget “blow out” with: **  a massive revenue shortfall of R50. 8 billion, which is the largest revenue shortfall..
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‘Pay back the money! She is a thief!’ ANC chants at De Lille during council meeting

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Patricia De Lille on Thursday said she has not stolen a single cent, insisting she had enough money to even consider lending money to the City of Cape Town – at a low interest rate – to deal with its water crisis. “I don’t need money from anyone,” she said ahead of her address during..
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The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech

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A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
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Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA

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Economists have warned that South Africa could be in line for a credit downgrade to junk status – possibly before the end of the year. Their fears come in light of Malusi Gigaba’s mid-term budget speech, delivered to parliament on Wednesday. “It is not in the public interest, nor is it in the interests of..
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