Finance expert Jayson Coomer, known as the Rolling Alpha, has updated his annual breakdown of South Africa’s tax trends, following the mini-budget speech delivered this week. According to Coomer’s data, currently a paltry 13% of the South African population of 56 million people are the ones paying income taxes – with the other 87% not contributing..
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This Is Who Is Paying South Africa’s Tax – A Paltry 13% Of The South African Population
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SAP [Systems, Applications and Products.] ’Fesses Up, Calls In US Authorities Amid “Humbling” Investigation Into Gupta Bribes
Hasso Plattner SAP chair Hasso Plattner has met his promise to provide an update on its investigation into bribes paid by the multinational’s South African office to Gupta-linked companies which facilitated deals with SA state-owned enterprises like Transnet. SAP today disclosed in July it initiated a “voluntary disclosure” process on the Gupta scandal to the US Department..
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February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget
Matthew Lester The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance..
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Coffin case accused sentenced harshly in High Court – coffin sage was actually a political propaganda
Willem Jackson, 30, has been sentenced for 11 years and Theo Oosthuizen, 29, has sentenced for 14 years in the High Court in Middelburg on Friday morning. The two former farm foreman’s were convicted of five charges in August in the so-called coffin case. This followed after the assault on Delton Sithole and Victor Mlotshwa..
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Medium Term Budget Policy Statement 2017 Reveals The Full Horror Of Jacob Zuma’s Catastrophic Mismanagement Of The Economy In South Africa
The Minister of Finance, Malusi Gigaba’s, “maiden” medium-term budget policy statement exposes the full horror of President Jacob Zuma’s catastrophic management of the economy in South Africa. The minister’s medium-term budget policy statement reveals a full-scale budget “blow out” with: ** a massive revenue shortfall of R50. 8 billion, which is the largest revenue shortfall..
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How Many Farm Murders Will Be Enough For Government To Take Action?
The recent wave of farm murders across the country must see swift and effective action from the ANC government.Yet our government has continuously failed to put into action already set up plans for rural safety that will mean that farm workers and farmers no longer have to be subjected to torture, murder or the fear..
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‘Pay back the money! She is a thief!’ ANC chants at De Lille during council meeting
Patricia De Lille on Thursday said she has not stolen a single cent, insisting she had enough money to even consider lending money to the City of Cape Town – at a low interest rate – to deal with its water crisis. “I don’t need money from anyone,” she said ahead of her address during..
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The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech
A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
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Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA
Economists have warned that South Africa could be in line for a credit downgrade to junk status – possibly before the end of the year. Their fears come in light of Malusi Gigaba’s mid-term budget speech, delivered to parliament on Wednesday. “It is not in the public interest, nor is it in the interests of..
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#FARMATTACK: Stabbed 20 Times. Plastic Bag Pulled Over His Head, Hand And Feet Bounded – Survives
URGENT — #FARMATTACK — WANTED NOTICE FOR THE FOUR THUGS THAT ATTACKED WILHELM VAN DER MERWE IN KOUE BOKKEVELD, WESTERN CAPE: Here are the Attackers who nearly killed Mr Van Der Merwe in Koue Bokkeveld, Western Cape. Prince Alfred Hamlet: The following four thugs are wanted in connection with a Farm Attack. Photos of four the..
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Steve Biko’s letter and the sale of SA’s heritage to the highest bidder
On 28 October, one of Europe’s leading autograph and manuscript auction houses will be selling a piece of South African heritage that should be in South Africa’s governmental archives. A handwritten letter by Black Consciousness Movement founder Steve Biko on 29 October 1973 is listed in UK auction house International Autograph Auctions’ (IAA) catalogue. The..
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School governing bodies outraged over plan to strip them of powers
The Basic Education Department is ready to squash nearly all powers of school governing bodies if it can push through proposed amendments to the South African Schools Act. The changes will affect schools’ language policy, teacher appointments and pupil admissions. The public has until November 10 to comment on the Basic Education Laws Amendment Bill,..
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Gigaba’s first test: Can he ace the mid-term budget?
Finance Minister Malusi Gigaba is in an unenviable position. In his maiden budget – today’s medium-term budget policy statement – he must confront, among other things, low economic growth, a tax revenue hole big enough to fly a plane through and the budgetary consequences of struggling state-owned enterprises. These issues are some of the chief..
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CrimeStats in a nutshell: South Africa’s murder rate up by 1.8%
South Africa’s crime stats for the 2016/2017 were released on Tuesday. According to the stats, “approximately 2.1 million serious crime counts were recorded, of which 1 738 980 were community-reported serious crimes.” In this time period, 19 016 murder cases were reported, the highest in 10 years. Carjacking also continues to increase massively, as does..
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#FARMMURDER: 22-Year-Old Foreman Murdered On Free State Farm
A young 22-year-old foreman and game hunter, Kyle Stols, was murdered on the Hatari Game Farm outside Jagersfontein, Free State, on Sunday 22 October 2017. Murdered Kyle Stols. According to reports, Kyle was shot and killed on the game breeding farm by four suspects. He was allegedly armed at the time, but the suspects ran..
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