Natal Prime Minister announced that the ANC-regime is continuing financial support to the Zulu king Goodwil Zwelithini.
The “king” will receive R66.7 million despite the country experiencing an economic crisis as Zwelithini is protecting the Zulu culture and being seen as a symbol of unity in the Natal province.
-Vryburger / 2019-07-26
Thirteen locomotives ordered by Prasa from Spanish manufacturer Vossloh Espana will be auctioned to the highest bidder in early September without any of the locomotives being used by Prasa. Already in 2015, the locomotives were found to be too large for South African rail specifications. More than R80 million has been channeled to Maria Gomes,..
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There is a line in Finance Minister Tito Mboweni’s brutally honest 2019 Budget Speech that I can’t get out of my head. “We are borrowing R1.2bn a day.” Read that again. Let it sink in. If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more. Some perspective: R1.2bn is..
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The latest data from the Central Energy Fund (CEF) points to a flat month in August for petrol prices – though there may be good news for diesel drivers. At mid-month, the group is showing a small increase in both grades of petrol for August, with pump prices expected to go up 7 cents per..
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Soweto has been identified as the great sinner when it comes to outstanding debt to Eskom. The latest figures show that Soweto’s debt to the power provider is over R17bn. Last week, technicians threatened that they would no longer perform repairs in neighborhoods where their security is threatened, areas effected including Soweto. Herman Mashaba, the..
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An Ekurhuleni-based car rental company is suing the ANC for more than R5.7 million, including interest, after the governing party failed to pay for the 595 motor vehicles it rented ahead of its Nasrec conference, held in December 2017. Sizwe Car Rental, based in Isando, east of Johannesburg, applied to the Pretoria High Court earlier..
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Government will spend over R76 million of taxpayer’s money on ‘loss-of-office gratuities’ for politicians who did not return to parliament after this year’s national election. The Sunday Times reports that this figure is set to continue rising in the coming weeks as payments are still being processed. The gratuities will be paid to former ministers..
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A newly released report shows that South Africa’s motorists are being “sucked dry” with heavy levies while little of its intended for the right purpose. Ten years ago, the total tax on fuel was R1.77 and now it has become R5.73 per liter. Financial experts point out that the government is abusing the fuel levy..
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The government should increase the VAT rate by at least 5% to reduce the debt burden in the provincial roads’ maintenance account which is now six times higher than the province’s expenditure. Reports indicate that the South African roads, which are in a dire state, are now desperately seeking funds since there is was already..
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The City Council of Johannesburg quietly withdrew the new prepaid electricity rate charged to consumers. The application of the municipal levy came as a surprise because it was not included in the proposed budget of the CityPower’s tariff document released in March. The R200 levy was quietly withdrawn and was not charged against consumers on..
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The battle between the big municipalities of Pretoria and Johannesburg against the ANC government are still ongoing. With Minister Tito Mboweni’s view that e-toll has come to stay, and that consumers have to pay their tolls, it is clear that the ANC is still deeply divided on the desirability of the controversial system or not…
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The department of correctional services has allegedly spent nearly R2bn on a programme to fit prisoners who are out on parole with electronic monitoring devices, but these devices remain unused because they can apparently only be fixed in Israel. In one of the department’s most ambitious projects yet, it had hoped to electronically tag 10,000..
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An EFF entourage that travelled to Cape Town for SONA and the subsequent parliamentary debates booked into a four-bedroom luxury Camps Bay villa priced at between R7,100 and R25,000 a night. When the Fighters checked out at 10am on Thursday 27 June 2019 they had run up a bill of about R60,000 for eight nights,..
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Despite the R230 billion bailout the ANC president promised to Eskom over the next ten years, they are now asking the government for further assistance. At this stage, it appears that the government is going to trade Eskom’s debt for government bonds or through the creation of a special account. According to the Treasury, the..
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