If it showed anything, the recent medium-term budget policy statement has proven that South Africa does not have a government capable of dealing honestly and head on with the developmental crisis that the country finds itself in. It will not have such a government for some time, at least not until the 2019 general election..
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South Africa is held hostage to the toxic politics of the ANC
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KELLOGG’S CHANGES CEREAL BOX AFTER BEING CALLED RACIST
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Kellogg’s has been slammed for having just one brown corn pop on its Corn Pop cereal box. Cereal maker Kellogg’s has been served up spoonfuls of shame as it was called out for being racist. The new box of Kellogg’s Corn Pops featured a group of light coloured corn pops hanging out in a mall,..
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Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA
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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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Steve Biko’s letter and the sale of SA’s heritage to the highest bidder
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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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Gigaba’s first test: Can he ace the mid-term budget?
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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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Sars’ brand diminished by unskilled staff
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For every step in the right direction, Sars manages to tumble down two. The Tax Ombud is slowly gaining ground in assisting taxpayers in resolving their tax differences with Sars. Unfortunately, these “tax differences” are frequently of Sars’ making, and as Sars slips further behind in the revenue target, so can we expect an exponential..
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Restore hope to SA’s democracy
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In his book The Price of Inequality, Joseph Stiglitz writes: “Countries around the world provide frightening examples of what happens to societies when they reach the level of inequality toward which we are moving. It is not a pretty picture: countries where the rich live in gated communities, waited upon by hordes of low-income workers;..
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JZ nukes protocol for his own agenda
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Amid the long series of Gupta emails that show the family’s trail through the corridors of “state capture”, it can be easy to lose sight of the other instance of “state capture” — or even “country capture” — that is afoot. Jacob Zuma’s Cabinet reshuffle earlier this week, his 11th in the eight years he..
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Banks go on the offensive to parry political attacks
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South Africa’s banks have gone on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality. Attacks on the lenders have been led by Jacob Zuma, who’s accused them of monopolising the financial services industry, and questioned whether they colluded when closing accounts belonging to members of..
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Business Leadership South Africa suspends Eskom and Transnet
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Business Leadership South Africa on Thursday booted out state-owned entities Eskom and Transnet for their involvement in corruption and state capture with immediate effect. The announcement comes as BLSA launched its #BusinessBelieves campaign in Cape Town, where it signed a “contract” with South Africa, pledging to do even more to create jobs and grow and..
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Cabinet expresses confidence in new SAA board
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Newly appointed Communications Minister Mmamoloko Kubayi says Cabinet is happy with the appointment of a new board at South African Airways. Yesterday Finance Minister Malusi Gigaba announced the axing of former SAA board chairperson Dudu Myeni, who has now been replaced by Johannes Bhekumuzi Magawaza. Anglo American board chairperson Nolitha Fakude has been appointed as..
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Cash strapped Government requests that consumers pay Nersa for personal generators and solar panels
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When the amended Electricity Regulation Act (ERA) comes into force, it will regulate the use of small scale electricity generators by requiring registration with the National Energy Regulator of South Africa (Nersa). This is according to Lizel Oberholzer and Jarrett Whitehead, attorneys at Norton Rose Fulbright, who say that the regulation will likely have far-reaching..
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Road users will pay steep licence fee from next year
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The Justice Project South Africa has called on Transport Minister Joe Maswanganyi to justify, or at the very least explain, the 71 percent increase in eNaTIS vehicle licence fees for 2018. Earlier in October Maswangani announced that as from 1 February 2018, an amount of R72 (an increase of R30) would be added to the..
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Car brands Chrysler and Dodge to exit South Africa
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FCA (Fiat Chrysler Automobiles) bids farewell to two of its car brands in South Africa, with the Chrysler and Dodge vehicle ranges no longer being available locally. FCA, which also produces Jeep, Fiat and Alfa Romeo vehicles, said: “This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge..
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SABC posts R977m loss – Looks like consumers is boikoting the Public Broadcaster as well
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The South African Broadcasting Corporation posted a R977m loss after tax for the 2016/17 financial year, its annual report tabled in Parliament on Tuesday revealed. The public broadcaster’s net loss for the year ending March 2017 more than doubled from R412m in 2016, following a year of upheaval that included the dissolution of the permanent..
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