Increasing rand weakness against the dollar will not bode well for the fuel price in October, Minister of Energy Jeff Radebe warned on Wednesday evening. Continue reading…
The National Assembly has agreed to former President Jacob Zuma’s pension and medical aid package, in spite of a fierce pushback from opposition parties. The decision went 197 votes in favour and 95 against, with no abstentions. African National Congress (ANC) MPs were under a three-line whip and were called from committee meetings for the.. Continue reading…
President Cyril Ramaphosa has once again rejected suggestions that China is a new coloniser and that his government has sold South Africa to the country by signing loan agreements for state-owned enterprises (SOEs). “What we [government] are not in the habit of doing is handing over the assets of our country to any other country.. Continue reading…
New home in Russia: Yet another White South African farmer family is seeking safety in Russia as land seizure looms and statistics show that farm prices in South Africa have plunged by a third since December alone! The irony that communist policies, taught to the ANC leaders, by the Russians is now the cause of Farmers fleeing to Russia, is almost surreal if it were not so tragic. Not that communists have ever cared about people’s suffering or even hesitated when it comes to ethnic cleansing… Continue reading…
It appears that the South African Revenue Service (SARS) does not have the ability to recover 40% of R143 billion in outstanding tax. SARS is involved in disputes or debts that are outstanding for more than four years. SARS said it is going to concentrate on the 60% that they may be able to recover… Continue reading…
The 2017/2018 period saw murder increasing by 6.9%. The police minister admitted this to be unacceptable, saying SA is close to being a ‘war zone’.
There was a 6.9% increase in murder over the 2017/2018 period, according to the latest crime stats. An estimated 20,336 people were killed during the period, 1,320 more than the previous year, and 40,035 were raped. Continue reading…
South Africa’s ongoing land expropriation efforts has the full backing of Belgium, the country’s Deputy Prime Minister and Foreign Affairs Minister Didier Reynders has declared. Reynders was speaking during a joint press briefing with his South African counterpart, Minister Lindiwe Sisulu, upon the conclusion of a working visit in Pretoria on Monday. “We are sure.. Continue reading…
Cosatu in the Western Cape has confirmed that it will file a section 77 notice on Tuesday after being approached by communities across the Cape Flats who are struggling under a barrage of gang violence. Continue reading…
The power station will only serve a planned new Chinese-controlled industrial park, which will contain at least 7 metallurgical processing plants. A top energy expert says there is no rational reason to build the coal power station. There has been some confusion in the energy industry this past week after the announcement that a new.. Continue reading…
President Cyril Ramaphosa has once again rejected suggestions that China is a new coloniser and that his government has sold South Africa to the country by signing loan agreements for state-owned enterprises (SOEs). Continue reading…
Ramaphosa delivered unprecedented verdicts on the government’s proposed legislation on the expropriation of private land. He said that land expropriation will take place without compensation regardless of whether or not South Africans, Donald Trump or the United Nations General Assembly are in favour of it. Meanwhile, FF Plus said that public sessions before the Parliamentary.. Continue reading…
Beleaguered consultancy Bain & Company on Monday morning issued a clarification that managing partner Vittorio Massone was not stepping down as previously communicated, but rather merely taking time to focus on cooperating with the Sars commission of inquiry. Continue reading…
From state capture to a complete coup d’état, political analysts say rumors are making the round that Jacob Zuma are using top ANC members, to remove Cyril Ramaphosa. According to the word on the street, Ace Magashule, Supra Mahumapelo, Meokgo Matuba (ANC women’s league), and Thaduxolo Sabelo were seen together in Durban during a “secret”.. Continue reading…
The social development department has made an extraordinary proposal to the inter-ministerial committee set up to find solutions to boost the economy: double social grants payments for six months. Continue reading…
Since yesterday September 5, 2018 around 12:00 it was announced that South Africa is in an official recession. Nearly everyone read about it with great concern, but few realize exactly what it entails.
A recession suggests a phase of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. The current recession in the country was caused by the debate about land expropriation without compensation, which undermined a very principle of the freemarket system; and the full particulars of the thuggery and corruption from Zumagate now becoming public. Continue reading…