United Democratic Movement (UDM) leader Bantu Holomisa has accused finance minister Nhlanhla Nene of favouritism after the national treasury announced on Wednesday that it would launch a probe into goings on at the Public Investment Corporation (PIC).
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Bantu Holomisa – UDM- accuses Nene of favouring PIC boss
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China commits to more investments and ‘saves’ a few company’s in South Africa
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Addressing the media during the briefing of Chinese President Xi Jinping’s state visit held today in Pretoria, President Cyril Ramaphosa announced China had committed to $14.7-billion in investments.
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Patricia De Lille’s motion of no confidence goes ahead despite concerns of irregularities
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City of Cape Town council Speaker Dirk Smit has confirmed that a motion of no confidence in Cape Town mayor Patricia de Lille will be tabled on the council agenda for Thursday, despite allegations of due process being flouted.
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How is this even possible:- Eskom posts R2.3bn loss, R19bn in irregular expenditure
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Eskom suffered a net loss of R2.3-billion in 2018, the state-owned power producer revealed at it financial results presentation on Monday.
The power utility said its net cash from operations declined from R45.8-billion to R37.6-billion, as it struggled with leadership and operational challenges.
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Costly Head winds pummel the South African Airways
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Finance Minister Nhlanhla Nene has demanded an explanation from SAA for its contract with interim chief financial officer Robert Head that will see him pocketing more than R5‑million for six months’ work.
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VBS chair, Tshifhiwa Matodzi, family trust implicated in bank’s looting
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The family trust of former VBS Mutual Bank chairperson Tshifhiwa Matodzi was allegedly paid nearly R5-million from Vele Investments’ heist of money from VBS Mutual Bank.
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New motion of no confidence scheduled against Patricia de Lille
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A new motion of no confidence in Cape Town Mayor Patricia de Lille will be heard at the first council sitting of the third term.
Cape Town city council Speaker Dirk Smit told News24 on Monday that the new motion had been submitted to his office, and would be heard at the next sitting following the recess on July 26.
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Cyril Ramaphosa downplays hope of a ‘quick fix’ for high fuel & VAT
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President Cyril Ramaphosa has given ministers in the economic cluster a two-week deadline to come up with measures to ease the burden of high fuel prices and the VAT hike on already struggling consumers.
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ANC bash caught up in VBS Mutual Bank’s web
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The ANC may be entangled in alleged fraudulent transactions involving embattled VBS Mutual Bank. These details have emerged from the ongoing investigation into the bank’s collapse, contained in civil claims launched by VBS curator Anoosh Rooplal against VBS shareholder Vele Investments and former bank officials.
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NPA:- Nomgcobo Jiba still on holiday until Shaun Abrahams gives the go ahead for her return
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Deputy national director of public prosecutions Nomgcobo Jiba will remain on special leave until the National Prosecuting Authority (NPA) gives her the green light to return to work.
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Helen Zille launches court battle against public protector Busisiwe Mkhwebane
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Western Cape Premier Helen Zille has launched her court bid to take public protector Busisiwe Mkhwebane’s report on judicial review and, in doing so, the controversial leader has once again defended her infamous tweets on colonialism.
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Brace yourself, tougher times are still ahead
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As temperatures plummeted across the county this week, fuel prices hit record highs of R16.02 for a litre of 95-octane petrol in Gauteng.
Taxi fares and the cost of basic foodstuffs are also expected to rise as a result. But beyond appealing to manufacturers and service providers to hold off on increases, there is no immediate plan for the government to help hard-hit consumers.
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The DA accuses the ANC of instigating Western Cape land protests
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The Democratic Alliance (DA) caucus in the Western Cape province has accused the ANC of spurring on land occupations around the Cape in an effort to bully their party.
Around the Cape, land occupations and protests have taken place as communities demand decent housing.
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Another day of terror for Mosiuoa Lekota (COPE)
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Congress of the People (Cope) leader Mosioua Lekota should be worried about his party’s chances in the 2019 general elections if sentiments expressed by participants in the public hearings into proposed amendments to the Constitution are anything to go by.
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STRIKE:- Sassa will ‘cripple’ operations – PSA
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The Public Servants Association (PSA) says it will shut down South African Social Security Agency (Sassa) offices on Monday, after Minister of Social Development Susan Shabangu failed to consider the union’s demands.
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