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.
Continue reading…
Treasury News:- Sars shortfall to blame for VAT hike, so we are paying for their incompetency!
Posted on Leave a comment
Solidarity members to strike over Sasol’s ‘white exclusion’
Posted on Leave a comment
More than 80% of Solidarity’s members at Sasol in Secunda voted for a strike against the company’s exclusion of white employees from a staff share scheme, the labour union claims in a statement on its website on Sunday.
Continue reading…
Petrol prices: This is how much the ANC-goverment earns on our fuel tax and levy
Posted on Leave a comment
Cyril Ramaphosa restored some hope when he announced that he would task the Department of Energy and National Treasury with the duty of finding a solution to the issue of rising petrol prices. However, on Tuesday, the joint team, led by Jeff Radebe, who is the Minister of Energy, confirmed that, in fact, there was..
Continue reading…
City of Joburg: An electricity bill from hell – Man billed R17m for water and electricity
Posted on Leave a comment
Your water and electricity bill comes in at R17m owed. Do you panic or do you panic? At the start of August, a homeowner of the City of Johannesburghad been hit with a R17m water and electricity bill. While he wasn’t even living in the house, he knew something was off as he had just..
Continue reading…
Blame the ruling party of SA – A shocking number of South Africans can’t afford even a basic food basket right now
Posted on Leave a comment
Non-profit organisation, the Bureau for Food and Agricultural Policy (BFAP), has released its latest outlook focusing on agricultural production, consumption, prices and trade in South Africa. The baseline takes into account the latest trends, policies and market information, and is constructed in such a way that the decision maker can form a picture of equilibrium..
Continue reading…
Businesses won’t pay the municipalities … but ESKOM directly
Posted on Leave a comment
While 96 municipalities across the country are scrambling to negotiate payment agreements with Eskom for overdue bills that amount to R27.8-billion, local businesses are fighting to pay Eskom directly, bypassing the municipalities, in a bid to keep the local economies going.
Continue reading…
AgriSA vs. AfriForum’s #farmlist, who will you believe and support!!
Posted on Leave a comment
Afrikaner interest group AfriForum’s publication of an alleged list of farms that it claims are being targeted for land expropriation without compensation has been met with condemnation by agricultural lobby group, AgriSA.
Continue reading…
A bombshell plan to lay off 30 000 public servants, whites will probably be the first to go
Posted on Leave a comment
President Cyril Ramaphosa’s administration is planning to lay off 30 000 public servants in the next three years as part of the government’s cost-cutting measures.
The move is likely to put Ramaphosa on a collision cause with labour federation Cosatu, which supported his bid to become the ANC president in December.
Continue reading…
Democratic Alliance leaders pick sides amid confusion over party’s decision to ditch BEE
Posted on Leave a comment
The factional war within the Democratic Alliance (DA) has intensified, this time over the party’s position to dump what it calls a “disastrous” broad-based black economic empowerment (B-BBEE) policy.
Continue reading…
Mmusi Maimane calls for urgent parliamentary sitting after ANC ‘jumped the gun’ on land
Posted on Leave a comment
Democratic Alliance (DA) leader Mmusi Maimane has written to National Assembly Speaker Baleka Mbete to convene an urgent parliamentary sitting to debate the ANC’s “deliberate undermining” of the process to amend the Constitution on land.
Continue reading…
Three of the VBS execs provisionally sequestrated, Vele liquidated
Posted on Leave a comment
Provisional sequestration orders have been granted against three businessmen in the VBS Mutual Bank fraud saga.
Vele Investments, VBS’s main shareholder, has also been liquidated.
Continue reading…
Confirmation from Treasury – Eskom looting was an inside job
Posted on Leave a comment
The noose is tightening around senior Eskom officials already implicated in looting with further evidence of the underhanded tactics used to benefit the infamous Gupta family, revealed on Sunday.
Continue reading…
How is this even possible:- Eskom posts R2.3bn loss, R19bn in irregular expenditure
Posted on Leave a comment
Eskom suffered a net loss of R2.3-billion in 2018, the state-owned power producer revealed at it financial results presentation on Monday.
The power utility said its net cash from operations declined from R45.8-billion to R37.6-billion, as it struggled with leadership and operational challenges.
Continue reading…
VBS chair, Tshifhiwa Matodzi, family trust implicated in bank’s looting
Posted on Leave a comment
The family trust of former VBS Mutual Bank chairperson Tshifhiwa Matodzi was allegedly paid nearly R5-million from Vele Investments’ heist of money from VBS Mutual Bank.
Continue reading…
KwaZulu-Natal highways shut down due to petrol price protests
Posted on Leave a comment
In response to skyrocketing petrol prices, the #FuelPricesMustFall campaign has taken to KwaZulu-Natal’s city streets and major highways in protest. Hundreds of motorists were stuck in traffic congestion on Wednesday morning as a result of the demonstration. The purpose of the #FuelPricesMustFall campaign is to raise awareness regarding the issue of escalating fuel prices. The..
Continue reading…