The R50‑billion shortfall in tax revenue that the treasury will need to find elsewhere to plug the budget gap is close to how much state-owned entities (SOEs) have thrown down the drain in the past financial year. The auditor general, Kimi Makwetu, released national and provincial audit results on Wednesday. Although the number of clean..
Continue reading…
Parastatal waste equals tax shortfall: Treasury will need to find new resources to close the budget gap
Posted on Leave a comment
#FeesMustFall protest – Naked woman arrested at UCT
Posted on Leave a comment
The stomach-churning stench of human faeces‚ piles of rubbish‚ ripped curtains and a commotion on campus as the woman was being dragged into a police van greeted students on Thursday. Parts of the campus were sealed off by police in riot gear and private security and at least three people were arrested. Police spokesperson Captain..
Continue reading…
‘Pay back the money! She is a thief!’ ANC chants at De Lille during council meeting
Posted on Leave a comment
Patricia De Lille on Thursday said she has not stolen a single cent, insisting she had enough money to even consider lending money to the City of Cape Town – at a low interest rate – to deal with its water crisis. “I don’t need money from anyone,” she said ahead of her address during..
Continue reading…
FeesMustFall protests descend into chaos in Cape Town
Posted on Leave a comment
A third wave of #FeesMustFall protests has been marred by violence, as the demonstration marched its way to Parliament. The students are demanding the release of the fees commission report, which details funding of tertiary education. These protesters have made a slashing of tuition fees their main issue to raise, on the day Finance Minister..
Continue reading…
Gigaba’s first test: Can he ace the mid-term budget?
Posted on Leave a comment
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..
Continue reading…
Road users will pay steep licence fee from next year
Posted on Leave a comment
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..
Continue reading…
SABC has another problem: people have stopped paying TV licences – wonder why??
Posted on Leave a comment
The SABC’s latest annual report shows a drastic decline in revenue from TV licences. According to the 2017 report, revenue of R847.4 million was collected through television licence fees. This figure is R449.4 million – 34.7% – below budget, representing a decrease of R178.5 million – 17.4% – compared to the previous year. “The revenue..
Continue reading…
Government increases vehicle licence fees
A shift in thinking is needed to counter South Africa’s startling rise in poverty
Posted on Leave a comment
South Africa urgently needs new policy ideas to reverse the alarming increase in poverty among its population. New figures reveal an increase of three million South Africans living in poverty over the last five years. More than half (55%) of the population lives on less than R1,138 (USD$107) a month, up from 53% in 2011…
Continue reading…
SASSA IRREGULAR EXPENDITURE GROWS TO R1.4 BILLION
Posted on Leave a comment
In Sassa’s latest financial statements tabled in Parliament on Friday, the Auditor General says the agency did not take effective steps to prevent the irregular expenditure. The Auditor General has deemed the R43 million spent by the South Africa Social Security Agency (Sassa) on so-called work streams to have been irregular. In Sassa’s latest financial..
Continue reading…