A little-known company that was awarded a multimillion-rand contract to supply fuel to SAA hasn’t delivered since October last year. This means that the airline has been short of 2-million litres of fuel a month – although this amount is small enough to not have caused any major problems. This was testimony at the state..
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State capture, another horrific finding!: SAA loses out on 2-million litres of fuel a month as BEE music promoter fails to deliver
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State-owned Denel has cash flow problems and can only pay workers a portion of their salaries
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Denel said that they could only pay employees 85% of their salaries for the work done in the month of June. Group Chief Executive Officer, Danie du Toit said in a statement, “The management of Denel is working tirelessly to ensure that delayed portions of salaries will be reimbursed to employees as soon as possible.”..
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SABC financial crisis: National broadcaster faces total blackout
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With uncertainty over whether the SABC will be granted a government bailout, there are now fears that the broadcaster could be forced off air. Things are looking grim as far as the South African Broadcasting Corporation (SABC) is concerned, with fears that the national broadcaster is heading to a complete blackout. Long-standing financial strife in..
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Amcu workers inks R14 000 deal – most of the labourers did not even pass Grade 12 – what a huge remuneration for unskilled workers
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The Association of Mineworkers and Construction Union (Amcu) has signed a wage agreement with Rustenburg-based Siyanda Bakgatla Platinum Mine, which will see miners paid a basic wage of R14 309 a month in the third year of a three-year agreement. This is substantially less than the R17 000 a month Amcu is demanding from major employers Anglo..
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Ramaphosa disappoints with first SONA – ANC once again makes promises that are not feasible
Zuma has to pay more than R16 million for years of court cases sponsored by taxpayers’ money
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The courts reportedly last week dismissed Jacob Zuma’s plea for leave to appeal against a finding that he can’t use state funds to pay for his defence costs. Former President Jacob Zuma has reportedly lost his latest court bid and would have to pay more than R16 million spent over 14 years on litigation. The..
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Blame Everyone But Themselves: NUMSA Now Blames Rothschild’s, “The New Guptas”, for Problems at Embattled SAA & State Owned Enterprises!
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If there is one lesson communism has taught the world, but which the world has refused to learn, it is that when someone else’s money runs out, someone else gets the blame. The Rothschild’s, who are conveniently white, as all evil perpetrators should be in South Africa, are now accused of preying on South Africa’s state-owned enterprises. South African unions have joined forces to take on the Rothschild family, which they have accused of being involved in attempts to ‘capture’ the country’s State Owned Enterprises (SOEs).
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Malema is thumped with debt mounting to nearly R1 million
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With the ruling in the High Court that the Malema group should pay R500,000 to former Minister Trevor Manual, the debt burden becomes almost R1 million to be paid. The EFF’s appeal has been turned down, and the civil rights organization must receive R200,000 for court fees, while another amount has yet to be determined..
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Darkest Fears of South-Africans: What future awaits our children in SA, ruled by the ANC-regime?
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In 25 years of African National Congress (ANC) rule, South Africa has become just another failed African state. They were handed a beautiful, orderly, wealthy first world State on a silver platter in 1994. A country that was exporting to Africa, surrounding islands and foreign countries, a country that was economically, industrially and commercially viable..
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Fitch Grade has just downgraded SA’s debt to negative and it seems Standard & Poor are short on their heels
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South Africa’s economists are probably learning a hard economic lesson. Once a rating company questions a country’s creditworthiness and there is a downgrade, it’s difficult to reverse the rating. Fitch Grade has just downgraded SA’s debt to negative and it seems Standard & Poor are short on their heels. According to economists, there are no..
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PAY BACK THE MONEY: Gupta-Linked Trillian ordered to pay Eskom R600m as a result of an invalid deal involving corruption and fraud
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JOHANNESBURG – Gupta-linked global consultancy firm Trillian capital has been ordered to pay Eskom R600 million. In March last year, the power utility sued both Trillian and McKinsey for the repayment of almost R1.6 billion allegedly unlawfully paid to them as a result of an invalid deal involving corruption and fraud. McKinsey has since paid..
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R65m laundered through one of SA’s biggest unions – deceased mine workers pensions plundered by Satawu
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Satawu was used as a conduit to launder about R65million in pensions allegedly plundered from improvished orphans of deceased mine workers. City Press can today reveal that Bongani Mhlanga, the erstwhile owner of financial services group Mvunonala, allegedly used the SA Transport and Allied Workers’ Union (Satawu) as a conduit to move pension funds into..
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SABC a sinking ship in a tide of debt – Need R3.2bn bailout to stay afloat
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Faced with an unenviable choice last month – either cough up to service its eight-figure municipality account, or settle the salary bill, the SABC took the high road and paid its staff. And while the lights are still on in Auckland Park, for now, anyway, the broadcaster is desperately hoping a R3.2bn government guarantee will..
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Leader of the Marxist EFF, Julius Malema’s net worth of USD$2 Million or R25,326,050.05
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This is the same person that tells you and me that capitalism is evil and that black people can’t succeed in this country because there is a “system” created by white people that is holding them down. – Break The Silence About South Africa This report does not necessarily reflects the opinion of SA-news.
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IT IS ALL ABOUT THE MONEY!: I’m A Single Parent, That Pension Will Help My Family – Dlamini On Parly Exit
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Former Minister Bathabile Dlamini said she did so because she thought she would be more useful if she was outside the legislature mobilising women. Dlamini has told Eyewitness News she resigned from Parliament because she needed the ministerial pension benefits to take care of her family. Dlamini spoke to EWN in a wide-ranging interview on..
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