As the knives come out for Democratic Alliance (DA) leader Mmusi Maimane, the party has come to his defence after he has been accused of driving a vehicle gifted by disgraced businessman Markus Jooste. The rental vehicle was paid for by Steinhoff. Jooste is accused of insider trading, cooking financial books and dodging taxes, all..
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Rumors have it that DA leader, Mmusi Maimane is driving a vehicle gifted by disgraced businessman Markus Jooste
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12 Municipalities in the Eastern Transvaal are under suspicion of mismanagement and corruption – R2 billion worth of wasteful expenditure incurred
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The Zondo Commission, which raises millions of rand from the state treasury, has now had to shift its focus to the Eastern Transvaal to hear evidence of corruption and state capture in state-owned entities. Corruption in many municipalities in the province, as well as mismanagement and maladministration, seems to have been addressed. At least 12..
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Natal farmers won court case against state dispute regarding to what should be fair and equitable remuneration for highly productive agricultural land
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A 13-year court battle gave 20 farmers (willing sellers) a fair price for their land offered to the state. The claims were initially set at about 42 000 ha. Landowners offered some 9,000 ha of highly productive agricultural land to the state to settle the claim.
The government had to admit that the Valuer-General wanted to buy the farms from the farmers for almost half their value. The landowners of Melmoth in Natal entered into an agreement with the Department of Land Reform whereby they would voluntarily make land available to the government. The deal would mean R761m for the farmers.
The government has repeatedly decided that the Valuer-General’s assistance should be called and according to a “government formula” they calculated that the farmers were entitled to only R420 million.
Last week, the government abandoned the fight to use the formula. According to Attorney Bertus van der Merwe, who represented the farmers for the past two years, the turn
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Police officers spent R5.3m on fake EFF and Fees Must Fall investigations
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A pair of top officers are believed to have paid money from a crime intelligence slush fund to ‘informants’ which didn’t exist. A report in the Sunday Independent accuses top police officers of looting crime intelligence funds to the tune of R5.3 million. The publication says an internal report shows that these officials embarked on..
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SA warned to withdraw enough money ahead of banking strike on Friday
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Sasbo’s Joe Kokela said there won’t be money in many ATMs across the country on Friday. South Africans have been warned to withdraw enough money ahead of the nationwide strike in the banking sector on Friday as ATMs and banking services will be shut down. The country’s biggest financial union Sasbo said it would bring..
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Cash-strapped state arms company, Denel failed to supply R250 million worth of military Casspirs to the government of Chad after already receiving R100 million deposit
Bankrupt Eskom pleads for another government bailout as debt climbs beyond R450bn
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The power utility’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking government for more money. Eskom CEO and board chairperson Jabu Mabuza said the power utility’s debt levels have reached the ceiling. Eskom’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking..
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Money Robbed from VBS Mutual Bank: detailed account of how EFF leader Julius Malema’s lifestyle, business prospects and political aspirations were funded
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ONE. The lifestyle, business prospects and political aspirations of EFF president Julius Malema were funded from the R16.1-million robbed from VBS Mutual Bank and paid out to Sgameka Projects, the company of the brother of EFF deputy president Floyd Shivambu, Brian. Malema’s share of the loot was R5.3-million and it was dumped into his slush..
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Limpopo roads agency faces R118m in damage claims from potholes alone due to poor management and maintenance
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Poor management and maintenance of SA roads has resulted in damages claims that are eroding municipal budgets. Picture Supplied. A road damaged by rain and snow, that is in need of maintenance. Broken asphalt pavement resulting in a pothole, dangerous to vehicles. The Limpopo department of public works and its entity, Roads Agency Limpopo (RAL),..
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Petrol increases by 11 cents and diesel by 25 cents per liter
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Motorists will have to pay more from today to fill their car’s tank. The main reason for the increase is due to the weakening of the Rand and informed observers believe the trend could also be expected in October. Petrol’s price rises by 11 cents per liter, and diesel by 25 cents per liter. The..
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Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns
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More than 600 senior officials from Eskom and some executives were informed of the entity’s “turnaround” plan. According to documentation, Eskom is sitting without cash and has almost completely collapsed on several occasions. R130bn has been loaned to the power provider and the state is expected to help as government announces increased tariffs. Eskom unbundling..
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Bad news for motorists: unleaded octane fuel inland will cost you more than R16 a litre,
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Based on the current data, the price of petrol could increase by up to ten cents a litre in September, the Automobile Association said on Thursday. The AA further foresees that the price of illuminating paraffin could increase by 12 cents and diesel as much as 16 cents. The AA commented on unaudited mid-month fuel..
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Cash strapped Eskom left red faced after court bans 3-year contract of R350 million for lubricant purchase
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Eskom was banned from awarding a contract that would be valid for three years, amounting to R350 million. The contract involves the purchase of lubricants for use at its various power plants, but the judge banned it because Eskom did not comply with its own procedure or that of the government in awarding contracts. The..
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Cash strapped Denel asks ANC regime for cash injection of R2.8 billion to pay employees salaries and remuneration
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Weapon manufacturer Denel is one of several state-owned enterprises (SOEs) found amid allegations of corruption and statecapture. The entity finds itself in a deep financial crisis and was forced to ask government for a R2.8 billion bailout to pay suppliers and outstanding salaries. Public Enterprises Minister Pravin Gordhan announced that the company, with the help..
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Pay up Mkhwebane! Public Protector offers to pay R100 a month for her court fees that will take her about 750 years to settle
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The Public Protector of South Africa, Busisiwe Mkhwebane, appointed by Jacob Zuma, court debts has become so much that she will hardly be able to settle the amount. Unconfirmed reports say she has now offered to pay R100 a month to reduce debt. One of the court cases related to the Absa bankers eventually cost..
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