SA News

 

National Treasury captured by Finance Minister Gigaba?

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Officials in the Treasury accused the finance minister, Malusi Gigaba, of hijacking the treasury by running a parallel administration. This he did by appointing about 20 confidants in his office. In this public attack on Gigaba, it is claimed that he decided to delay a forensic investigation into Eskom contracts with Tegata. The allegation also..
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South Africa has lost 946 323 working days due to strikes

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The Department of Labour’s Acting Director General, Vuyo Mafata, on Thursday released the Industrial Action Report for 2016, which shows that the South African labour market lost a total of 946 323 working days as a result of 122 work stoppages. This, according to the report, represents a 4.7% increase in working days lost in..
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The true financial cost of Hurricane Jacob

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Over 1 month, six months, one year, three years and even five years. In rand as well as US dollars. Against the developed world and now also against the emerging market world. Take your pick; it doesn’t matter. These are the current facts of the returns of the Johannesburg Stock Exchange relative to the major..
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Zwelithini ‘not paid what he deserves’ as a king – You got to be joking

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IS HE WORTH IT? King Goodwill Zwelithini’s family has grown over the years, and with it the amount the taxpayer continues to fork out to fund it Zulu King Goodwill Zwelithini has lashed out at the provincial government‚ accusing them of failing to pay him what he deserves. The monarch was speaking at a King..
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Energy minister slips up on oil plan

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Minister of Energy Mmamoloko Kubayi is backtracking on the investigation into the sale of the country’s oil reserves, say highly placed sources. But the minister has denied this outright. In May, Kubayi announced in Parliament that she would investigate the controversial sale by the Strategic Fuel Fund (SFF) of 10-million barrels of the country’s fuel..
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What is the ANC learning from the private sector

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Within the past few days, former president Kgalema Motlanthe said it would be good if the ANC was voted out of office (good for the ANC, that is), the outspoken MP Makhosi Khoza resigned from Parliament and from the ANC, and the Bank of Baroda won a court case to allow it to stop being..
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Makhosi Khoza leaves ANC to join anti-corruption organisation

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Makhozi Khoza has just announced that she is revoking her ANC membership to join the “the new anti-corruption movement of society and faith-based organisations”. Khoza made the announcement at a press briefing on Thursday at Lilliesleaf, Johannesburg. In a long, emotional speech she said that the ANC had become filled with corrupt leaders. “I have..
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EXCLUSIVE: Cash Paymaster Systems made R1-billion profit paying social grants

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Over the past five years Cash Paymaster Systems recorded a pre-tax profit of R1.1-billion from paying social grants on behalf of the government, the outsourced service provider told the Constitutional Court on Tuesday. After tax the net profit came to R705-million, the now infamous American-listed company said. That translates to a profit to shareholders of..
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Scopa to call KPMG to parliament over SARS ‘rogue unit’ retraction

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Parliament’s standing committee on public accounts (Sopa) will call KPMG to appear before parliament to account on its conduct regarding the SA Revenue Service (SARS) ‘rogue unit’ report and the subsequent withdrawal of some parts of this report, it said in a statement on Monday. Scopa’s ANC study group whip Mnyamezeli Booi said: “KPMG must..
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Can we believe this: ‘I didn’t conspire with Zuma’ – Mkhwebane

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Public Protector Busisiwe Mkhwebane has denied conspiring with the presidency and State Security Agency‚ saying her office remains independent. In papers filed in the High Court in Pretoria‚ the Reserve Bank accused Mkhwebane of meeting with President Jacob Zuma’s office and the State Security Agency before releasing her report on missing apartheid funds. The report..
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