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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coal supply agreements with Tegeta Exploration and Resources had been mistakenly marked as “final” and had to be withdrawn.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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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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Weekly Market Recap Jul 30, 2017

Another week like so many others in 2017. Little volatility, little movement – even with a slew of big name earnings. This certainly is a strange atmosphere just from the lack of volatility over many many months alone. However companies seem to be doing well enough: With slightly more than half of S&P 500 components..
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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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Zuma quotes Macbeth, Shakespeare and Mark Antony, but it is a little more than colonial camouflage !!

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On June 16, in front of a crowd of young people in Ventersdorp for Youth Day, President Jacob Zuma turned to unusual material: he quoted from Shakespeare’s Julius Caesar and Macbeth to make a point about self-making. He might not be formally educated — “not a single teacher in South Africa can claim he ever..
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Warning To Mugabe And The ANC: Don’t Assume Independence Equates Freedom

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JOHANNESBURG — During the twentieth century a range of African countries fought hard to win their well-deserved independence from European powers. The era was characterised by much hope and in the 90s, South Africa followed by disbanding Apartheid. But since then, Africa has become a disappointing continent, ravaged by poverty and plagued by nasty dictators. Robert Mugabe is one such..
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Singapore And United Kingdom Clients Fire Bell Pottinger As SAFFERS Turn On The Heat

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EDINBURGH — South Africans are fed up with Bell Pottinger, a London-headquartered public relations firm that has been exposed for fuelling racial tensions on behalf of their corrupt and captured masters. Bell Pottinger staff have worked closely with Duduzane Zuma, who works for the Gupta family, to develop speeches and other propaganda for ANC figures associated with Zuma and the..
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Weekly Market Recap Jul 23, 2017

This past week represented so many of the weeks of 2017; slow action with a bit of an upward skew. Monday, Tuesday, Thursday were sleeping – and minor gains Wednesday were offset by small losses Friday; in the end we had small gains for the week! Rinse, wash, repeat. For the week the S&P 500..
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‘A Good Story To Tell’ – Defining The ANC’s South Africa In Quotes

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Veteran journalist Ed Herbst There’s never a dull day in this land we call South Africa. You could probably fill a number of newspaper broadsheets, on an hourly basis, with interesting (and weird) things people say here. Subsequently, Ed Herbst is at his best again as he’s put together a series of interesting recent quotes by..
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Sipho Pityana: ‘Zuma Must Go! South Africa Is Not The Guptas’ Personal ATM’

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“Everything is captured.” More magic available at jerm.co.za. Save South Africa has been one of many civil society bodies at the forefront of fighting state capture and the Zuptas. At a gathering in Johannesburg’s Rhema Church on Tuesday, convenor Sipho Pityana, delivered another scathing attack on Zuma, calling on him to step down. With a multitude of civil society bodies..
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