Mineral Resources Minister Mosebenzi Zwane. (Pic: Gallo Images) There was a bloodbath on the floor of South Africa’s markets on Thursday, after Mineral Resources Minister Mosebenzi Zwane announced a new stringent law that will force mining firms to restructure their ownership to ensure they have 30% black ownership within 12 months. The rand dived by..
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Markets Bloodbath As Zwane Shocks Mining Sector
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There are so many red flags in ESKOM … where do you start ??
South Africa’s state owned enterprises have been hit by one scandal after another signalling serious political and corporate governance failures. The largest of these, the power utility Eskom, has seen its CEO Brian Molefe resign, then return, and then be fired – all in the space of seven months. This was followed by the unexpected..
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Survé, Guptas Imitate Ethos, Practices Of Apartheid Newspapers
CAPE TOWN — One of the most attractive things about the Fourth Estate is that it manages to equalise the otherwise deeply skewed power balance between billionaires and politicians, and humble, hard-working, honest scribes who can take them on, blow for blow. In the battle for hearts and minds, bent and manipulative politicians and captains..
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Evil Mastermind Victoria Geoghegan: How Does She Sleep At Night? #GuptaLeaks
It has taken only a few years for Geoghegan and her associates to help bring South Africa to its knees EDINBURGH- Many in South Africa wonder how Victoria Geoghegan sleeps at night. A partner at London-based Bell Pottinger, she has made it her business to undo the work of Nelson Mandela, Desmond Tutu and other freedom..
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Koebaai Na Dubai: Thieving Piece Of S**t, Jacob Zuma, Wants To Flee South Africa
Black Marxist criminals in bed with Indian mafia running South Africa? Conspiracy theory? That is what they accused us right-wingers of for at least ten years now. Now this past week some prominent academics at the universities of Johannesburg, Wits, Pretoria and Stellenbosch, as well as the South African Council of Churches, after eventually getting..
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Nothing Seems Sacred Anymore As R1bn Drought Relief Fund Joins Captured List – Herbst
Nothing Seems Sacred Anymore As R1bn Drought Relief Fund Joins Captured List – HerbstIn yet another timely contribution, Ed Herbst once again highlights the depths of theft everyday taxpaying South Africans are having to fund. No stone is left unturned, and as Herbst puts it, if that stone isn’t bolted down…it’s stolen. Making mention of..
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Zuma please wake up and smell the stench you are causing.
Jacob Zuma has again escaped the axe after the ANC’s national executive committee (NEC) decided to retain him as the country’s number one citizen. But this decision cannot be interpreted as a victory for the embattled ANC president. The second motion by his comrades in less than six months to force him to step down..
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According to Rule 13 of the Uniform Rules of Court, Zuma must explain the reshuffling of his Cabinet.
Zuma has to explain why he reshuffled his Cabinet because a rule governing high courts about reviews of its decisions demands that he does so, Judge Bashier Vally said on Tuesday. Rule 53 of the Uniform Rules of Court, which governs high court proceedings, was established to regulate on a national basis the procedure to..
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Zuma has nowhere left to hide
It is absolutely mind-boggling that Zuma refuses to come to terms with reality. For a while now he has abused the race card to waspishly dismiss a groundswell of protests against his ruinous leadership. This past week, however, his ability to resort to his trademark sniggering and ad hominem attacks launched against protesting South Africans..
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SA’s strategic fuel stock was sold for peanuts admitted new Energy minister
New Energy Minister Mmamoloko Kubayi has admitted that South Africa sold much of its strategic fuel stock last year‚ contradicting her predecessor‚ Tina Joemat-Pettersson. Kubayi told parliament’s portfolio committee on energy on Tuesday that the sale of the oil to a foreign enterprise at the rock-bottom price of $29 a barrel was indeed a sale..
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