Finance

 

Falling BRICS endanger their citizens’ health, starting with Jacob Zuma.

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As he launches the African Regional Centre of the New Development Bank (NDB) in Sandton on Thursday, nearly 18 months behind schedule, Jacob Zuma must have mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club. “I was poisoned..
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How Government Plans To Force You To Invest In State Assets

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The South African government has quietly announced that it has set its sights on retirement funds and pensions as a way to add additional funds to bolster the country’s finances. The announcement made on the last day of the ANC’s policy conference last month, had not featured in the party’s earlier policy documents, and was..
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Exposed! Transnet Kickbacks Link To Jacob Zuma Marital Mansion Money

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EDINBURGH — The journalists at amaBhungane have picked up where the police and other state investigators have stood back and watched as President Jacob Zuma, his family and friends – in particular – the Gupta family – have raided state coffers for their own gain. In the latest revelations, amaBhungane has published explosive details of how email and other records indicate..
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Gigaba wants to withdraw Treasury’s report on Eskom’s coal supply agreements

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Finance Minister Malusi Gigaba has told Parliament the Treasury’s damning report on Eskom’s coal supply agreements with Tegeta Exploration and Resources had been mistakenly marked as “final” and had to be withdrawn. The Treasury sent the report to the standing committee on public accounts, but now said it had not been finalised, according to Gigaba’s..
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The new virtual money options may cause bankruptcy for the ANC government!!

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South Africa’s government is well aware of technological developments regarding virtual or crypto money and has already created an interministerial working group that monitors it in conjunction with private sector experts with a view to possible regulation. It appears from written questions by adv. Anton Alberts, chairman of the FF Plus, to the Minister of..
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KPMG got fired from JSE-listed Sygnia over ‘Gupta links’ – M&G

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JSE-listed asset manager Sygnia has fired KPMG over its alleged role in state capture – the first private sector pressure that has been brought to bear on global firms accused of having questionable business relations with the Gupta family. A series of leaked emails, called the Gupta Leaks, have exposed KPMG for its role as..
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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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Corruption: How The ANC, supported by the World, shapes up against The NP with sanctions

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Whilst it is hardly a fair comparison, given that ANC had the whole world, the mass media and all its money behind them, and NP had all the world and its money and mass media against them, Ed Herbst, using his 49 years of covering the South African story, makes some telling comparisons and observations on..
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Expat Tax: Here’s How New Treasury Plan Could Impact Saffers Abroad

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JOHANNESBURG — The days are looking numbered for foreign employment income tax exemption for South African citizens and residents. National Treasury controversially wants to scrap the exemption which was originally introduced to prevent double taxation of South African residents and citizens working outside the country for more than 183 days. Government is moving quickly on the law..
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