ESKOM FACING CASHFLOW TROUBLE – THEN STOP SPENDING MONEY ON BONUSES

Eskom spokesman Khulu Phasiwe said the firm’s sales growth had been muted while its operating cost was very high and its tariff for the current financial year was low. South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the […]
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How the Guptas ‘stole’ jobs from South Africans

The caveat for bringing foreign workers into SA is that they must school South Africans in their job. The Gupta family’s capture of the Department of Home Affairs (DHA) may have kept scores of South Africans out of jobs. The family and its businesses turned the DHA into their own private permit-issuing factory, using top […]
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We are stuck with Zuma: Thousands march against state capture, corruption

Workers across the country downed tools, marched to key points in various cities, and demanded an end to corruption and state capture. All nine provinces in the country engaged in the protected strike action today, which saw thousands of Cosatu supporters stream into public spaces, with many carrying placards with the recurring theme: [Jacob] Zuma […]
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What is the ANC learning from the private sector

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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Johan Rupert: “Radical economic transformation is just a code word for theft”

South Africa’s richest man Johann Rupert said “radical economic transformation,” the policy championed by the country’s President Jacob Zuma to reduce racial inequality, is no more than theft. “Radical economic transformation is just a code word for theft,” Rupert said on the sidelines of Richemont’s annual general meeting in Geneva on Wednesday. “That’s what’s happening […]
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ANC’s fight to the death – Welcome to the dirty war!

Welcome to the dirty war. Welcome to the age of untruths, half-truths, fake news, manufactured scandal, smear, slander and lies. Welcome to South Africa as the weak, dying governing party, the once-glorious ANC, continues to eat itself up. We all knew that President Jacob Zuma’s supporters within the ANC and in the government and “independent” […]
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ANC Ekurhuleni backs Nkosazana Dlamini-Zuma

The ANC Ekurhuleni region announced that it will back former African Union (AU) Commission chairperson Nkosazana Dlamini-Zuma as their candidate to succeed Jacob Zuma as the next party president. Briefing journalists in Benoni on Tuesday, ANC regional chairman Mzwandile Masina said the regional general council currently underway, has resolved that Dlamini-Zuma was the best candidate […]
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Guptas get bailed out of another SA business after Swiss Company is investing R2,97b

Oakbay flogging Tegeta for amazingly quick profit of nearly R800million. A United Arab Emirates businessman using a Swiss shelf company is investing R2.97-billion to buy the Gupta family’s Tegeta mining company, which is under investigation for dubious dealings in its purchase of the Optimum colliery. Tegeta Resources and Exploration will be sold by Oakbay Investments, […]
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SARS feeds Guptas and ANC

A Parliamentary Question from the FF Plus regarding complaints received from the taxpayer (SARS) since the tax ombudsman came into existence indicates that everything is not well in SARS and that this service can become less and less trusted in dispute with Taxpayers themselves. Adv. Anton Alberts, the FF Plus parliamentary spokesman for finance, asked […]
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Current climate at SARS is one of fear and loathing

SARS spokesman Luther Lebelo went on Radio 702 on Friday to rubbish media reports and clear up perceptions over SARS and its Commissioner‚ Tom Moyane. Lebelo‚ who becomes increasingly agitated as the interview with Stephen Grootes progresses‚ was vehement in defending Moyane over a trip to Dubai in December 2015 and also speaks about the […]
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