Corruption

 

WEF ditched democratic, inclusive pretences by facilitating new G20 privatisation.

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Durban’s World Economic Forum (WEF) Africa conference hosted some of the world’s most controversial politicians last week: not just Jacob Zuma and Malusi Gigaba, Robert Mugabe, Yoweri Museveni, King Mswati and Edgar Lungu, but also the most powerful man in Europe, German finance minister Wolfgang Schäuble. At a lecture on Thursday at the University of..
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Zuma has nowhere left to hide

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It is absolutely mind-boggling that Zuma refuses to come to terms with reality. For a while now he has abused the race card to waspishly dismiss a groundswell of protests against his ruinous leadership. This past week, however, his ability to resort to his trademark sniggering and ad hominem attacks launched against protesting South Africans..
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SA’s strategic fuel stock was sold for peanuts admitted new Energy minister

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New Energy Minister Mmamoloko Kubayi has admitted that South Africa sold much of its strategic fuel stock last year‚ contradicting her predecessor‚ Tina Joemat-Pettersson. Kubayi told parliament’s portfolio committee on energy on Tuesday that the sale of the oil to a foreign enterprise at the rock-bottom price of $29 a barrel was indeed a sale..
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Pension funds as much as R560 million may be lost due to fraudulent activities

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BEE administrator loses millions of pension funds – Pension funds of Anglo Platinum, invested in the (BBF), administered by Bophelo Benefit Services, a subsidiary of Mvumonala Holdings, may be lost due to fraudulent activities. It is estimated that as much as R560 million can be involved. Apparently, the company ‘cooked’ its 2016 financial statements to..
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Red HOT news – Wake up! SA has been gutted

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What is left of the South Africa of our dreams? Ask the thief-in-chief What do we have left now? Once there were the Scorpions, a respected crime-fighting unit. The people had faith in them. The corrupt feared them. Jacob Zuma quaked when he thought of them. Then in 2007 he took the reins of the..
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Intelligence Report: Zuma – It is mine and you can’t have it

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President Jacob Zuma has refused to urgently furnish the DA with documents, including the so-called intelligence report, on which he allegedly based his decision to fire former Minister of Finance, Pravin Gordhan and his deputy, Mcebisi Jonas. The DA will next week turn to the High Court in Pretoria in a bid to compel Zuma..
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Zuma’s plan to boost the economy is just BEE on steriods

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Long live poverty! Where would the rich be without the poor? More particularly, where would Zuma be? Failure to recognise these questions leads to a too easy dismissal of the ANC’s currently loudest and most persistent war-cry: radical economic transformation. Eusebius McKaiser is hardly alone in rubbishing the term as meaningless. Supposedly without meaning, he..
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SOUTH AFRICA SUPPLY LESOTHO OF FUEL: Look At Lesotho Petrol Prices

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21 Apr 2017, South Africa: I can’t seem to figure this one out! As far as I know, Lesotho is getting their Fuel from South Africa. How is it possible for the Lesotho Government to sell fuel directly to consumers for almost R4 per litre cheaper than what we are paying in South Africa?  ..
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SA’s struggling economy faces an uphill

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If South Africa staves off a technical recession in the coming months, it will be a result of events unrelated to the country’s domestic political and policy environment. But economists said the more important question is what happens when the lingering positive effects of a recovery end in certain sectors, such as agriculture and mining…
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R58.8-million to be given to the Zulu king

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The financial affairs of King Goodwill Zwelithini were once again in the spotlight on Tuesday when Premier Willies Mchunu tabled his office’s budget at the KwaZulu-Natal Legislature. The lack of direction of the Royal Household Trust and lack of accountability and state of the monarch’s farms caused some consternation among the ANC and opposition MPLs…
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