Expenses

 

SA taxpayers will now have to fork out an extra R9 million over the next three years, in the face of tough economic challenges, to sustain the Zulu King Goodwill Zwelithini’s lavish lifestyle

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The budget for Zulu King Goodwill Zwelithini’s royal household has become a sticking point over the years.

As KwaZulu-Natal’s Treasury continues to trim the fat within the provincial fiscus in line with Finance Minister Tito Mboweni’s austerity measures, Zulu King Goodwill Zwelithini’s royal household budget will see an estimated increase of about R9 million over the next three years, bringing his overall budget allocation to R75 million.

KwaZulu-Natal Finance MEC Belinda Scott delivered the provincial Budget for the medium-term expenditure in the Legislature in Pietermaritzburg on Thursday afternoon.

Over R130 billion has been allocated in the fiscus for the 2019/2020 budget period.

The budget for King Zwelithini’s royal household has become a sticking point over the years, with an outcry over what the money for this item in the fiscus gets used for in the face of tough economic challenges.

For the 2019/2020 budget period, the royal house budg
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Gerrie Nel and Barry Roux are joining forces with the financial backing of AfriForum vows to appeal Coligny murder sentence

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Pieter Doorewaard and Phillip Schutte, two murderers convicted of killing a defenceless 16-year-old boy, will get the backing of AfriForum, who have vowed to appeal the sentencing. On Wednesday, the North West High Court sentenced the two farm workers to 18-23 years in prison for their reckless actions in what led to the death of..
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Motorists in SA now have to fill the bankrupt ANC regime’s treasury – 60% of fuel price consists of taxes and levies

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Fuel users in SA now have to fill the bankrupt ANC regime's treasury - 60% of fuel price consists of taxes and charges

Almost 60% of the fuel price and taxes now goes towards the bankrupt ANC regime’s treasury. According to observers, tax has skyrocketed since 2008 when the fixed tax was R1.76 versus the R 5.63 currently applicable. That’s a 220% increase! With the 29 cents increase coming over the next two months, the percentage is even..
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Natasha Mazzone (DA) fears Eskom could plunge SA into a “Chinese debt trap”, China is already taking countries for bad debts

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The revelations about Eskom are pouring in from the state capture inquiry. Natasha Mazzone believes their secret deals with China are “risky business”. We’ve experienced a shuddering last few days at the state capture inquiry. Former Eskom executives who were present when the rot of corruption set in have lifted the lid on some pretty..
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Cyril Ramaphosa expected to sign controversial Aarto Bill (Administrative Adjudication of Road Traffic Offences) into law

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Stricter measures on the road will be introduced if this Bill is singed into law. The National Assembly has done its bit. Now it is up to President Cyril Ramaphosa to sign the controversial Administrative Adjudication of Road Traffic Offences (Aarto) Bill into law. As reported by Business Tech, both Houses were in agreement that..
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City Council of Pretoria will replace 13,000 prepaid power meters in the next 4 months after it has been found that PEU Capital Partners’ meters are not valid

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City Council of Pretoria will replace 13,000 prepaid power meters in the next 4 months after it has been found that PEU Capital Partners' meters are not valid

The city council of Pretoria wants to replace 13,000 controversial electric meters, and for that they apparently have only four months to do. The 13,000 prepaid meters have to be replaced by a court decision since the council has entered into an invalid contract and the so called meter is also believed to be illegal..
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ANC Senior received kickback of R300 000 for Jazz-Festival that never took place, costing taxpayers a whopping R28 mil – Heads must role!

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ANC Senior received kickback of R300 000 for Jazz-Festival that never took place, costing taxpayers a whopping R28 mil – Heads must role!

The ANC in Natal’s Deputy Chair, Mike Mabuyakhulu, has filed an application for annulment of corruption charges against him. A jazz festival that never took place in 2012 is in dispute. He approved LUK payment of R28m for which he received a R300,000 bonus. It is unclear why the case has been dragging on for..
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Transnet wants to keep R2,5bn Gupta contract after High Court ordered contract to be cancelled – Wonder water favours and gifts are at stake here?

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Transnet wants to keep R2,5bn Gupta contract after High Court ordered contract to be cancelled - Wonder water favours and gifts are at stake here?

Transnet intends to disregard the High Court’s court order which ruled that a R2.5 billion contract awarded to T-Systems should be cancelled. The court ruled that the contract should be granted to Gijima Holdings. Transnet has made no effort to comply with the court order and aims to extend T-Systems’ contract for another 12 to..
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It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – Petrol price increase in March to be higher than first expected

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It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year - Petrol price increase in March to be higher than first expected

The petrol price increase in March is expected to shock South Africans, with a hefty hike eclipsing original estimates. It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – starting next month. While first estimates, released by the Central..
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SARS intensifying revenue collection efforts and bring to book tax dodgers – Seems like the cash strapped ANC is in dire need of money?

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SARS intensifying revenue collection efforts and bring to book tax dodgers

The South African Revenue Service (SARS) is intensifying its effort to identify and bring to book tax dodgers. This comes after revelation that the revenue collector is launching units aimed at tackling the illicit tobacco industry and big business. The illicit economics unit was launched late last year, while the large business unit is expected..
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SA’s largest township owes Eskom R17 billion – Soweto residents respond: Hell no, we won’t pay for electricity!

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SA’s largest township owes Eskom R17 billion - Soweto residents respond: Hell no, we won't pay for electricity!

City Press visits Soweto and asks residents why they don’t pay for their electricity and how they could help Eskom to recoup the R17 billion owed by the people who live in SA’s largest township. On Wednesday morning, as load shedding hit the township of 1.3 million residents, small businesses were losing money, and children..
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Loadshedding left a trail of destruction in South Africa, weakening the poor economy by at least R10bn; this should be a costly lesson for the Ramaphosa government

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Loadshedding left a trail of destruction in South Africa, weakening the poor economy by at least R10bn; this should be a costly lesson for the Ramaphosa government

The five days of loadshedding last week left a trail of destruction in South Africa, and should be an expensive lesson for the Ramaphosa government. It was a week in which transformers exploded, damaging equipment in homes and industries, virtually irreparably damaging substations and even weakening the poor economy by at least R10bn. The load..
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South Africa’s new state-owned bank could be a big R7 billion mistake, National Treasury has warned of the possible harmful effects of introducing a state-owned bank into South Africa’s current financial system

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South Africa’s new state-owned bank could be a big R7 billion mistake, National Treasury has warned of the possible harmful effects of introducing a state-owned bank into South Africa’s current financial system

In a presentation to the Standing Committee of Finance on Tuesday (5 February), Treasury warned that a number of recent banking failures – including the failures of African Bank and VBS Mutual Bank – showed that a banking licence should not be handed out lightly. It also warned of previous issues with state-owned banks, highlighting..
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SAA pay Comair R1,1 billion, where does the bankrupt state entity get the money from?

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SAA pay Comair R1,1 billion, where does the bankrupt state entity get the money from?

SAA conceded that it had violated the Competition Act and announced that it would pay R1,1 billion to Comair. The dispute has been in existence for a period of 10 years after SAA’s travel agents operated bonus schemes. The bonus systems were against the rules of the Competition Council, and Comair has set a claim..
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SA motorists brace yourself for big fuel tax increases the coming months – seems like the ANC-regime wants to recoup their loses by taxing you more on fuel levies

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SA motorists brace yourself for big fuel tax increases the coming months – seems like the ANC-regime wants to recoup their loses by taxing you more on fuel levies

Minister of Finance, Tito Mboweni, will deliver the Budget Speech 2019 in Cape Town on 20 February. Expectations are high that he will balance competing expenditure priorities to stimulate economic growth in spite of fiscal consolidation measures. However, the former central banker’s task is formidable and he will likely have a difficult balancing act on..
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