Sassa and Sapo agreement date pushed back yet again

The striking of the elusive deal between the South African Social Security Agency (Sassa) and the South African Post Office (Sapo) has been pushed back yet again. MP’s at a joint meeting in Parliament on Tuesday heard that an offer to the Post Office to build an integrated IT payment system for a new “hybrid” […]
Continue reading…

Enjoyed this post? Share it!

 
 

National Treasury captured by Finance Minister Gigaba?

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 […]
Continue reading…

Enjoyed this post? Share it!

 
 

SAA cash crunch deepens as suppliers have still not been paid

South African Airways (SAA) appears to have exhausted its available cash reserves following news that suppliers have still not been paid for work done in July. The airline has thirty-day terms with a number of suppliers that provide essential services to it. They had not been paid at the end of last week, a week […]
Continue reading…

Enjoyed this post? Share it!

 
 

Nightmares have a name, and it’s called Eskom – electricity price hike submitted to National Treasury

This madness has got to stop.For many South Africans, nightmare could become a five-letter word: Eskom. Even as in-and-out CEO Brian Molefe takes the power utility to court to challenge the decision to overturn his reappointment, Eskom is asking for eye-watering increases in electricity prices. Moneyweb has reported that Eskom wants its clients to pay […]
Continue reading…

Enjoyed this post? Share it!

 
 

Breaking News: Over 12 000 “Zombie Entrepreneurs” are doing business with the SA government

It reads like the start of a joke, but we’re afraid this one’s no laughing matter. National Treasury has discovered about 12,000 dead people in its register of companies that do business with the state. A report by the Sunday Times has revealed that there are around 12 000 people on the South African government’s […]
Continue reading…

Enjoyed this post? Share it!