Zuma

 

February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget

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Matthew Lester The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance..
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Medium Term Budget Policy Statement  2017 Reveals The Full Horror Of Jacob Zuma’s Catastrophic Mismanagement Of The Economy In South Africa

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The Minister of Finance, Malusi Gigaba’s, “maiden” medium-term budget policy statement exposes the full horror of President Jacob Zuma’s catastrophic management of the economy in South Africa. The minister’s medium-term budget policy statement reveals a full-scale budget “blow out” with: **  a massive revenue shortfall of R50. 8 billion, which is the largest revenue shortfall..
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The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech

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A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
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Banks go on the offensive to parry political attacks

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South Africa’s banks have gone on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality. Attacks on the lenders have been led by Jacob Zuma, who’s accused them of monopolising the financial services industry, and questioned whether they colluded when closing accounts belonging to members of..
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How Brian Molefe Almost Walked Away From Eskom With R111,000 A Month Until He Dies

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Presentations made to parliament regarding the R30 million retirement package Eskom wanted to pay its former CEO, Brian Molefe, has revealed exactly how the power utility worked out how much he should get paid. According to Sibusiso Luthuli, CEO of the Eskom Provident and Pension Fund, the fund was asked to calculate how much Molefe..
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SOUTH AFRICA: The Naked Hypocritical Curse Of The ‘Majority Rule’

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WARNING – GRAPHIC CONTENT – NOT FOR SENSITIVE VIEWERS! SOUTH AFRICA is ostensibly a country whose controllers exercise the worst kind of naked racism and discrimination in order to stay in power. South Africa is also furthermore a country with the most vindictive, cruel and racist black population on earth, who refuse to obey any..
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What Nkosazana Dlamini-Zuma stands for: “Return our land to the people”

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Nkosazana Dlamini-Zuma is touring KwaZulu-Natal promoting her platform of radical economic transformation. She spoke this week in Harding and Newcastle, but is proving hard to pin down face to face. The crowd packed into the Osizweni Community Hall is oblivious to the bitter Tuesday night cold as ANC presidential hopeful Dr Nkosazana Dlamini-Zuma wraps up..
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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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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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