SA News

 

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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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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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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WHITE MONOPOLY CAPITAL NOT THE ENEMY – TREVOR MANUEL QUESTIONS ZUMA’S CAPITAL REMARKS

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Former Minister Trevor Manuel has questioned the logic behind President Jacob Zuma’s views on white monopoly capital. Former Minister Trevor Manuel has questioned the logic behind President Jacob Zuma’s views on white monopoly capital. During a community engagement earlier this week, Zuma emphasised that white monopoly capital is a reality in South Africa. Manuel has..
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Jacob Zuma wages war on South Africa’s institutions

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The South African president wants to take over the country’s money printing presses… “An assault on the central bank is the latest stage in a descent into crony capitalism Jacob Zuma has tightened his grip on the finance ministry, the state prosecutor, the public protector and the tax authorities. All of them, to one degree..
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Pension funds in ANC crosshairs source of funding for state development

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The ANC has again set its sights on pensioners’ retirement money as a potential source of funding for state development. At the close of its policy conference this week the party said it would investigate the use of prescribed assets, one of the proposals to come out of its economic transformation deliberations. The proposal was..
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Black-owned And Led Institutions Have A Legacy of Corruption – EFF

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The Economic Freedom Fighters (EFF) says black-owned and led institutions in South Africa are known for their legacy of nepotism, corruption and kleptocracy. EFF made the assertion while it was celebrating the VSB Mutual Bank decision to shut the Gupta’s business accounts. Earlier this month, it emerged that the VSB Mutual Bank closed the accounts..
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Are you aware of The Riot Act – Malema reads this Act to property owners !!

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“The land is everything.” This was Economic Freedom Fighter Julius Malema’s unequivocal message to the South African Property Owners Association when he addressed the conference under the theme “disruption” at the Cape Town International Conference Centre on Wednesday. In a no-holds-barred speech, Malema scolded the property owners for not doing enough to change property ownership..
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