The South African Social Security Agency (Sassa) does not have alternative plans if the court refuses to extend the Cash Paymaster Services (CPS) contract by another six months, the Constitutional Court heard on Tuesday.
“There will be chaos,” Nazeer Cassim, the advocate for Sassa, argued before a full Bench.
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After a two hour meeting on Monday, management told workers that the factory would be closed until further notice.
Consumers who had gathered outside the factory’s shop on the outskirts of the CBD, to return affected products, expressed concern that they would not be refunded after they found a notice stating the premises would stay closed.
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More than 27‚500 people‚ including South Africans‚ Americans and Australians have been duped by the one of biggest bitcoin scams to hit South Africa.
Hawks spokesman Captain Lloyd Ramovha on Thursday confirmed that the serious commercial crimes unit was investigating complaints against BTC global‚ a company in which thousands invested cryptocurrency valued at over $50-million by transferring bitcoins into an online wallet address.
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According to Treasury’s budget review document, there are 19 basic food items on the zero-rated list. This includes dried beans, samp, maize meal, rice, milk, tinned pilchards, brown bread, eggs and vegetables, as well as illuminated paraffin.
In its submission, Treasury highlighted findings from the Davis Tax Committee in 2015 that advised that no more zero-rated food items should be considered.
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The Economic Freedom Fighters (EFF) has rejected President Cyril Ramaphosa’s Cabinet reshuffle, saying it was a realignment of corrupt and “delinquent” ministers.
In a statement, EFF national spokesperson Mbuyiseni Ndlozi said the changes were not in the best interests of South Africans.
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Less than two weeks after he hinted that change was coming, President Cyril Ramaphosa made sweeping changes to his cabinet, including the return of Nhlanhla Nene as the finance minister.
Other major changes to key economic portfolios include the appointment of Pravin Gordhan to the ministry of public enterprises to replace Lynne Brown; the appointment of ANC chairperson,
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Renewed vigour to tackle corruption head-on was palpable in National Treasury’s 2018 budget, tabled in parliament on Wednesday.
Deep-rooted and wide-spread corruption has become commonplace in the public sector under the leadership of former
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Mineral Resources Minister Mosebenzi Zwane has been accused of interfering in a mine sale by giving instructions that his preferred BEE partner be chosen over other prospective partners.
Zwane is said to have told a Chinese-led consortium to overlook one of the prospective BEE partners in favour of another. The identity of that partner is not known.
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The ANC will seek to amend the constitution of the country to allow for expropriation of land without compensation and will also nationalise the South African Reserve Bank, the party announced on Wednesday night. The contentious announcement was made just before the close of its 54th national conference on Wednesday night. The sectoral commission on..
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South Africans are fond of debating whether public or private sector failings are the bigger problem. It does not take too long to realise that they are really talking about race. This is evident as the country faces an unusual scandal – one involving a private company called Steinhoff. The multinational furniture company is in..
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The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB)..
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The government is considering drastic budget cuts to fund free higher education, including cutting social grants, freezing the roll-out of RDP houses and increasing taxes. With the country facing an unpre-cedented R50.8‑billion revenue hole, a treasury document has been put before President Jacob Zuma by the presidential fiscal committee, outlining possible areas where budgets could..
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The recent political upheaval in Saudi Arabia will lead to South African motorists paying an additional 70 to 80 cents more for fuel in December. And there could be a further increase of about 60 cents in January if current tensions persists, says Econometrix chief economist Azar Jammine. Oil, which has traded at about $50..
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Deputy Public Enterprises Minister Ben Martins has denied meeting suspended Eskom head of legal Suzanne Daniels with Ajay Gupta and Duduzane Zuma in a flat near Melrose Arch in 2017. “I am perplexed by Ms Suzanne Daniels’ testimony to the parliamentary inquiry into Eskom,” he said in a statement on Thursday. “She falsely claimed that..
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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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