>Cape Town – From Monday, reduced water tariffs kick in, but the City is still milking ratepayers as it has in August alone raked in R405 million more on water than planned.
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Lower water tariffs for Cape Town from today
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SARS employees involved in illicit tobacco trade, and another Zuma involved – Tobacco Trade Team
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The Nugent commission of inquiry into tax administration and governance has heard how a task team — ostensibly established to investigate syndicates in the illicit tobacco trade — instead focused its powers on internal investigations on fellow South African Revenue Service (Sars) officials.
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AA – Record-breaking petrol price increase expected for South Africa
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South African motorists will face massive petrol price increases in October, according to the AA.
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Following the Zondo Commission so far, The Reserve Bank warns of ‘catastrophic’ impact if banks kept Gupta accounts open
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South Africa’s “big four” banks could have been locked out of the international payments system with “absolutely catastrophic” results if they had kept the Gupta family’s bank accounts open in 2016, according to South African Reserve Bank deputy governor Kuben Naidoo.
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There is some good news for consumers – Repo rate remains unchanged
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The recession apparently forced the SA Reserve Bank to keep the lending rate unchanged. However, three of the seven members of the bank’s monetary policy committee asked for a 25 basis point increase. The bank expects GDP to grow at 0.7% for 2018, against the forecast of 1.2% in July. Read the original article in..
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You can get high now in private says the Constitutional Court
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In a unanimous judgment, the Constitutional Court on Tuesday ordered that the private consumption and cultivation of cannabis be decriminalised.
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Eskom is planning to recover losses from corruption and loopholes by increasing your tariffs to recover over R66bn but still you will face loadshedding since there are no coal reserves
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Eskom is planning to recover losses from corruption and loopholes in the MYPD rules by increasing your tariffs to recover over R66bn before the end of 2018. Nersa invited the public to comment on Eskom’s request to increase tariffs to recover R66bn lost between 2014 and 2017 – the years included in the Public Protector’s..
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October fuel price outlook is a ‘major concern’ for Minister of Energy
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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.
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Cyril Ramaphosa trying to explain away his conduct for the past few months. Should we really believe you!
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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).
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SASSA News:- ‘Double social grants for six months’ – can this be possible?
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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.
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The ANC has dragged the country into recession, but what does it actually signify for us as South-African Citizens?
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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.
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DA goes head-to-head with SABC over Cyril Ramaphosa broadcast
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The SABC’s broadcast of President Cyril Ramaphosa’s late night announcement on land expropriation without compensation infringed on a section of the Broadcasting Complaints Commission of South Africa’s (BCCSA) code of conduct, according to the Democratic Alliance.
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Ramaphosa’s Communist Policies Drag South Africa Into Recession For First Time in a Decade! Agriculture Down 30%
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A massive decline in the agricultural sector accompanied by smaller declines in transport and retail consumer sectors have dragged the South African economy into recession after nearly a decade of growth. It is a huge blow to President Ramaphosa’s controversial reforms.
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Petrol predicted to hit R19 by end of 2018
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Petrol price is set to increase for the fifth time this year due to a weaker rand. Deputy editor at Finacial Mail Sikonathi Mantshantsha says he is predicting that South Africans will be paying R19 per litre of petrol by the end of 2018. The rand weakened to about R14 after Argentina increased its interest..
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Treasury News:- Sars shortfall to blame for VAT hike, so we are paying for their incompetency!
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Treasury would not have needed to increase value added tax (VAT) by one percentage point to 15% in April if not for the revenue shortfall at the South African Revenue Services (SARS), deputy director general at national treasury Ismail Momoniat told the Nugent commission of inquiry on Wednesday.
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