The National Assembly has agreed to former President Jacob Zuma’s pension and medical aid package, in spite of a fierce pushback from opposition parties. The decision went 197 votes in favour and 95 against, with no abstentions. African National Congress (ANC) MPs were under a three-line whip and were called from committee meetings for the..
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SA taxpayers have to fork out even more money for Zuma and wives to uphold their lavish living style after National Assembly agrees to pay his pension and medical aid package
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Recession not only a technical and temporary problem, consumers can expect to pay R17 plus for fuel
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All indications are there that the fuel price may rise by almost R1,15 in October. It can burst the price of fuel through the R17 border, which will bring higher food prices and transport costs. This despite Cyril Ramaphosa’s assurance that the recession is only a technical and temporary problem. However, the higher fuel price..
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No wonder SA has money problems – Minister spends more than R116k on cutlery and crockery for her office
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The social development minister says the goods were purchased in compliance with National Treasury regulations. Minister of Social Development Susan Shabangu has spent R116 528 on crockery and cutlery for her official office since she took over the department from the previous minister Bathabile Dlamini. In a written reply to Inkatha Freedom Party MP Liezel..
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The ANC has dragged the country into recession, but what does it actually signify for us as South-African Citizens?
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Since yesterday September 5, 2018 around 12:00 it was announced that South Africa is in an official recession. Nearly everyone read about it with great concern, but few realize exactly what it entails.
A recession suggests a phase of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. The current recession in the country was caused by the debate about land expropriation without compensation, which undermined a very principle of the freemarket system; and the full particulars of the thuggery and corruption from Zumagate now becoming public.
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Petrol predicted to hit R19 by end of 2018
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Petrol price is set to increase for the fifth time this year due to a weaker rand. Deputy editor at Finacial Mail Sikonathi Mantshantsha says he is predicting that South Africans will be paying R19 per litre of petrol by the end of 2018. The rand weakened to about R14 after Argentina increased its interest..
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Nedbank confirms that farmers will still have to repay their loan debt even though the ANC regime stole their farm
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The Nedbank Bank Group has confirmed that mortgagees will still be held responsible for repayment of loans, even if their land would be expropriated without compensation. This news was confirmed by Kedibonea Molopyane, head of Nedbank’s media department. According to the bank, a loan agreement is binding regardless of any form of so-called land reform…
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Government spend Half a million on braai areas for ministers that is funded with taxpayers money
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The department is said to have about 148 ministerial houses that cost anywhere between R4m and R9m. Themba Godi, who is the chairperson of the Standing Committee on Public Accounts (SCOPA), made it clear on Tuesday that taxpayers could not possibly be expected to foot the bill for the expenditure. The SCOPA revealed that the..
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Petrol prices: This is how much the ANC-goverment earns on our fuel tax and levy
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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..
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City of Joburg: An electricity bill from hell – Man billed R17m for water and electricity
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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..
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Blame the ruling party of SA – A shocking number of South Africans can’t afford even a basic food basket right now
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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..
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Rand fall and fuel prices rise after government’s reckless statements about land expropriation
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The poor performance of the Rand is definitely not good news for motorists. The Rand fell more than 8%, partly due to the mess on the Turkish financial markets. Although the oil price is relatively stable and even slightly lower, the weak rand will push the fuel price upward. The rand also visibly weakened after..
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Traffic police will now have to do foot patrols in Emfuleni district after Bidvest seized municipal vehicles
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On Wednesday, the Organisation Undoing Tax Abuse (OUTA) released a statement condemning the current disastrous state of Emfuleni municipality. With the organisation now boasting former ANC MP Dr Makhosi Khoza as its new Executive Director responsible for its local government programme. The Emfuleni municipality in Gauteng has had its basic vehicle fleet, including essential service..
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Zuma’s lawyer argues that state must continue funding corruption trial defence – What he is actually meant is that taxpayers must fund it!
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Former president Jacob Zuma’s lawyer says he is entitled to state funding for his corruption trial defence because he is accused of using his public office to commit that corruption. Attorney Daniel Mantsha says a Democratic Alliance court bid to stop this state funding is “misconceived” and “has no merit” – and further accuses the..
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This is how ANC wastes our hard earned money – Government spends R117 Million on a road to nowhere
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There’s a 14 kilometre stretch of tar road, which ends and begins somewhere on the outskirts of Somerset East, in the Eastern Cape. The road has no purpose. It’s perplexed local farmers and only services about three cars every hour. Why then, did the government spend R117 million on this incomplete and irregular road? R117..
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Telkom CEO pockets a whopping R27 million paycheck
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Telkom CEO, Sipho Maseko, earned a total of R27 million in the 2018 financial year. South Africa’s telecommunications provider has released its integrated financial report – and the salaries are staggering. While Telkom may be one of the better performing state-owned enterprises (SOE)– let’s be honest, the bar isn’t set too high – yearly salaries..
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