Why was there an arms deal? – Newly democratic South Africa decided its military needed to be overhauled – and five years after coming into power following the end of white minority rule, the African National Congress (ANC) government signed contracts totally 30bn rand ($5bn; £3bn in 1999). The deal involved companies from Germany, Italy,..
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Former SA President, Zuma has been charged with corruption linked to a multi-billion dollar arms deal – However, he denies any wrongdoing
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SA taxpayers to fund yet another government bailout – Cash-strapped SAA requests R4bn to survive current financial year after years of mismanagement and corruption
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South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs R4-billion from the government to survive the current financial year and allow it to renegotiate loan terms with banks. Zukisa Ramasia becomes interim CEO after Vuyani Jarana unexpectedly resigned on Sunday, after less than two years..
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Lions Want Their Land Back! Entire Pride Of Lions Escape Kruger Park Seeking New Territory – This Won’t End Well…
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As South Africa spirals downward from neglect, corruption and greed, nature seems to be taking back what was once its territory. A pride of lions seems to have split off and are seeking to establish their own territory, as they have always done, long before man (black or white) ever got there and deemed secession illegal…
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Kusile under financial crossfire – R36 billion owed for alleged arrears for semi-completed power station with design flaws
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Kusile, as one of the two new Eskom mega power stations that is supposed to deliver to supply sustained electrical power for the country, is apparently caught up in financial crossfire. In addition to the enormous escalation of construction costs due to mismanagement and corruption, contractors at the semi-completed power station claims amid design defects..
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Unemployment rates rise to 27.6% and remain one of SA’s biggest challenges
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Statistics South Africa announces that unemployment rose by 0.5 percentage points to 27.6% in the first quarter of this year. The figures confirm economists’ presumption that economic growth in the first quarter was negative and unemployment remains one of SA’s biggest challenges. The SA economy started on a bitter note this year with unemployment rising..
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Junk status winks for Mangaung Metro with liabilities exceeding assets; officials receive generous salaries and cellphone stipends, while levels of service delivery are non-existent
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The ANC-controlled Mangaung Metro faces junk status after Moody’s rating agency said further downgrading would be considered if the municipality do not urgently get its household in order. The Bloemfontein municipality is in truth already bankrupt with liabilities exceeding assets of nearly R1bn and with over R6bn of outstanding debt. In fact, Moody’s indicated..
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Markets give negative verdict, dark picture is being sketched despite the political euphoria surrounding Ramaphosa
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According to the latest economic figures recently released by Stats SA from the SA, a negative picture is being sketched despite the political euphoria surrounding president Cyril Ramaphosa and the steps he takes to curb corruption. These figures show that in the first quarter of this year, the economic growth rate was lower than expected,..
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Trade unions are threatening to stop all flights from SAA if their demands are not met
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The unions Numsa and the SA Cabin Crew Association demand that the Chief Executive Officer (CEO) of SAA, Vuyani Jarana, be reinstated immediately in his post. This comes after Jarana announced that he had resigned. The two unions say they will stop all flights from SAA if this requirement is not met. According to them,..
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Public schools may no longer turn away learners due to age , SA pupils can now theoretically still sit at school desks even if they are 25-years old
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In the previous dispensation, children, or scholars, completed their school career when they reached the age of 18 or 19. With the Department of Basic Education’s policy that no learner may stay in a standard or grade for more than two years, this means that if a learner enters the secondary school phase by the..
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Rumor has it that 5 DA members only serve on the City Council of Pretoria because of their deceitfulness via nominations
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Of the 93 members of the DA who serve in the City Council of Pretoria, five members are apparently illegally on the board due to fraud with nominations. The five members can be eliminated if the accusations are proved against them and they are found guilty. The party’s federal law commission is apparently investigating the..
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Mining groups lay down workers due to heavy financial losses, SA economy troublesome while unemployment rate continues to rise
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The Sibanye-Stillwater mining group retrenched 3,450 of its workforce in gold mines, which is nearly half the number expected. An updated report on the reduction of its workforce, especially the Beatrix and Driefontein gold mines, points out that the decision was necessary after the five-month strike after consensus was reached on retrenchments. Only one shaft..
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Only in SA! – 300 Primary School Teachers Fail Grade 3 English Test – 30% pass Matric rate is clearly showing
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Three hundred primary school teachers will be sent for training after they failed a Grade 3 English first additional language test. Basic Education’s Elijah Mahlangu says the department is aware English is challenging for some teachers and this should not come as a shock because English is not the home language of many teachers. The..
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Sanlam helps establish black companies, serving lower income groups as target market indicating #Blackprivilege
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Patrice Motsepe’s African Rainbow Capital (ARC) has established a new insurance company known as African Rainbow Life. The company differs from other insurers who serve the lower income groups, and have their sights on the broad spectrum of rainbow nation. The new company is owned by ARC and Sanlam, which has already established a company..
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SA economy in dire stress Mr Cyril! – No growth occurred and Gross Domestic Production shrunk by a shocking 3.2%
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Despite the great optimism surrounding Ramaphosa’s election as ANC president, there has been no growth in the domestic economy. Rather, the decline can be notice after the latest figures where released. Gross Domestic Production weakened by a shocking 3.2% in the first quarter of 2019. This is the biggest fall since the world wide financial..
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Dramatic increase in murder rates increases in SA, with an average of 53 murders per day now, and almost 20,000 murders annually
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Murder rate in South Africa are on the rise, and except for the increase in farm attacks more incidents have generally been reported. In the past month, the figure has risen sharply, with an average of 53 murders per day. The dramatic rise is described by crime experts as frightening, and the main reason why..
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