In our opinion, the executive changes initiated by President Zuma have put at risk fiscal and growth outcomes. We assess that contingent liabilities to the state are rising. We are therefore lowering our long-term foreign currency sovereign credit rating on the Republic of South Africa to ‘BB+’ from ‘BBB-‘ and the long-term local currency rating..
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Reason behind SA’s junk status credit rating – full S&P statement
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How do we … as the people, impeach a president ??
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In court papers filed on Thursday, opposition parties asked the Constitutional Court to order Parliament to put a mechanism in place to investigate whether “the president has made himself guilty of an offence or inability”, which would warrant the exercise of Parliament’s impeachment powers. The Economic Freedom Fighters (EFF), the Congress of the People (Cope)..
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Zuma’s critics in ANC are very vocal .. but the question is .. will they act ??
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There is a lot of brave talk about standing up to President Jacob Zuma after the dismissal of Finance Minister Pravin Gordhan amid a wider Cabinet reshuffle which has been widely condemned as disastrous for South Africa. Predictions that the country has reached “a turning point”, is facing a ratings downgrade and plummeting investment, rising..
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Zille is not backing down over colonialism tweet she made !!
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After taking flak for 12 days about her tweets on colonialism‚ a defiant Helen Zille refused to back down in the Western Cape legislature on Tuesday. After a fiery speech in her own defence‚ the premier received a standing ovation from DA colleagues. But acting ANC leader Khaya Magaxa‚ who brought the motion for the..
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Zuma’s new excuse for SA’s problems “White monopoly capital”
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The rising talk about ‘white monopoly capital’ as an obstacle to economic inclusion in South Africa is a red herring. The call for radical economic transformation has grown louder following President Jacob Zuma’s 2017 State of the Nation Address. Accompanying these calls is a line of argument that says “white monopoly capital” is to blame..
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What is going to happen to our Economy now … Zuma tells Communist Party Gordhan is out
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Johannesburg – South African President Jacob Zuma told senior leaders of the South African Communist Party that he plans to fire Finance Minister Pravin Gordhan, according to three people with knowledge of the matter. The rand plummeted. Zuma told officials from the party, which is allied to his ruling African National Congress, during a meeting..
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Zuma pull out his guns – N24
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President Jacob Zuma took a strong stand at this weekend’s national executive committee (NEC) meeting in Irene in Gauteng, defending his position on the issue of land expropriation without compensation, and challenging his critics to read the ANC’s 2012 conference resolutions if they disagreed with his views. City Press heard that Zuma had “set the..
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A Brutal Tale Of Unbalanced, Selective, Racism-Inciting Media Coverage
Open Letter: White South Africa Faces Adapt Or Die Moment As ANC Talks Up Radical Economic Transformation
Zille’s tweets the biggest headache for Maimane
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Western Cape Premier Helen Zille must be “dealt with” for her praise of colonialism and expelled from the party, several DA leaders said on Wednesday. They believed that how the party handled her defence of colonialism would test the party’s commitment to non-racialism. The leaders, who spoke on condition of anonymity, include members of the..
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Leaked Letters Reveal ‘SARS Wars’ Showdown Between Gordhan And Moyane
New Tax Tables For 2017: This Is How Much You Will Pay
Replacing South Africa’s finance minister, or his deputy, would carry a heavy cost
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Many see the decision by South Africa’s governing African National Congress (ANC) to send the disgraced former CEO of the power utility Eskom to parliament as the precursor to another attack on the National Treasury and to remove finance minister Pravin Gordhan. The decision to give Brian Molefe a seat in the country’s parliament has..
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SAA to remain under intense government oversight – Gordhan – Budget 2017
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SAA will remain under intense government oversight, Finance Minister Pravin Gordhan said in his report contained in National Treasury’s 2017 Budget Review, which he tabled in Parliament on Wednesday. Referring to recommendations made by the Select and Standing Committees on Finance on the 2016 Revised Fiscal Framework, Gordhan said the committees recommend that National Treasury..
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Gordhan ups social spending and squeezes the rich
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Despite trying circumstances, Finance Minister Pravin Gordhan announced on Wednesday that the budget introduces new tax measures that target the rich and that social spending is prioritised to favour the poor. In his highly anticipated budget speech, Gordhan announced a new top personal income tax rate of 45% for those with taxable incomes of more..
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