Discovery CEO Adrian Gore announced that we’re getting a new bank in 2019. Not only will Discovery Bank be the world’s first and only behavioural bank, but it will also be branchless and give Black clients 10% equity. Gore explained:
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White South Africans very unhappy, and rightfully so, and now they are throwing their toys over Discovery Bank’s ‘racism’
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Christmas bonus for motorists will reward consumers with an extra few rands in their wallet – AA predicts big discounts for motorists
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The AA announced Thursday that motorists could expect a significant fall in fuel prices in December, based on current data. R1.54 for petrol and diesel with a decrease of 92 cents. Falling oil prices are indicated as the main reason for the fall in fuel prices. Economists point out that the decline is likely to..
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The “Black Friday” scam – no big bargains for consumers
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Annually, by the end of November, the media announce the arrival of “Black Friday” with big banners, which is supposed to offer major bargains to the good-faith buyers. However, there are some facts that people should take into account, especially now with the extremely poor economic situation and the trade world’s pursuit of greater sales and..
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Eskom are in deep trouble, they are going to shuts down 11 power station units, load shedding imminent!
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South Africans can expect load shedding this weekend after Eskom was forced to shut down 11 power station units due to a lack of maintenance.
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Good heavens, here we go again, the waste of taxpayer’s money:- Port Elizabeth, the Airport and Uitenhage set to be renamed, here are the new options
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The public hearings process is currently underway. The city of Port Elizabeth, capital of the Nelson Mandela Bay Municipality, is due to be renamed as a means of historical redress.
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National bankrupt broadcaster SABC, splurges millions, footed by taxpayers, on parties and bonuses while retrenching hundreds of workers
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MPs serving on the standing committee on public accounts (Scopa) have told the SABC top brass that it was unfair of them to retrench ordinary workers while the public broadcaster was spending millions of rands on parties and bonuses. The SABC board and its senior executives, including CEO Madoda Mxakwe and head of human resources..
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Here’s how government is going to force motorists to pay up for the E-Tolls
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SANRAL has requested assistance from the South African Revenue Service (SARS) to allow garnishee orders to recover e-tolls debts.
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Give back what you stole! –Supreme Court decreed that Zuma must “pay back the money” for his legal costs
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The full bank of judges in Pretoria Supreme Court ruled that Jacob Zuma had to pay for all his legal costs for the cases taken to court on the decisions of former public protector Thuli Madonsela. Zuma’s application for appeal has been rejected and he must also pay this court case. In December last year,..
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What a shock, look here how much the municipal top management earn, and you are paying them:- The ‘Fat Cats’ of this country’s Municipalities
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Senior municipal managers, those in charge of high ‘ranking’ areas, will indeed earn more than President Cyril Ramaphosa.
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Eskom announces retrenchments, but experts say that it wont make any difference to its financial situation
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In an effort to cut costs, Eskom announced that certain executives will be retrenched. There are currently 25 executives with more than 400 senior officials and general managers. Eskom has employed over 16,000 additional staff over the last 10 years and currently has 207 more senior staff than 17 years ago. It is not known..
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SABC treading on thin ice – SCOPA chases SABC away after the state entity could not provide necessary information about unlawful expenses of R4,9 billion
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Scopa, the parliament’s standing committee for public accounts, chased the team of the SABC away because of the fact that no information could be provided about R4.9 billion unlawful expenses. According to Scopa, the national broadcaster does not have the will or ability to prevent the theft in the entity. The SABC was again given..
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Municipal managers, which include a lot of technical bankrupt municipalities, now earn R3.9 million a year for doing nothing actually
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Municipal managers’ new salary structures have just come into force with the announcement that they will now “earn” R3.9 million a year. The second in command then gets about R3 million a year. In many cases, work is outsourced by several private companies, while officials do little work but still receive astronomical salaries. The huge..
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Prasa buys 174 bakkies, minibuses at a cost of more than R57.6 million of taxpayers’ money… just to park them pointlessly, some of the vehicles already have scratches, and others don’t even start any more
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A total of 174 brand-new vehicles, which were all bought more than a year ago at a cost of more than R57.6 million of taxpayers’ money, are gathering dust in the Passenger Rail Agency of South Africa (Prasa) headquarters parking area in Hatfield, Pretoria. Two independent sources at the agency have confirmed that the vehicles..
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Some good news for a change, Zuma’s legal bills won’t be footed by the taxpayer, he must cough up R25 million to settle his legal costs
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The Supreme Court in Pretoria ordered that Zuma must pay back the legal costs as well as the legal representative’s income that was initially paid by the state. Zuma’s legal representative is ordered to pay back the R25 million that the state has paid for him. The case is still in court today to be..
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This is the reason why SABC is bankrupt and taxpayers likely to pay more towards TV-licenses in future- Top 3 executives earn packages of more than R12m
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Minister of communication Nomvula Mokonyane revealed on Thursday that the total cost to company of the top three executives at the SABC was R12.1-million. The chief executive officer earns a remuneration package of R 5.1-million‚ the chief operations officer earns R4-million and the chief financial officer earns R3-million. These packages‚ however‚ were “significantly less than..
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