Mass protest action is expected in Tshwane on Tuesday as the man accused of raping a six-year-old girl at a Pretoria franchise of the family restaurant chain Dros will appear in the Pretoria magistrate’s court. Continue reading…
>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. Continue reading…
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. Continue reading…
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. Continue reading…
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.. Continue reading…
In a unanimous judgment, the Constitutional Court on Tuesday ordered that the private consumption and cultivation of cannabis be decriminalised. Continue reading…
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.. Continue reading…
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…
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…
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…
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. Continue reading…
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. Continue reading…
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.. Continue reading…