A concerned resident opposing the sale says the university is not honouring the spirit of why it was endowed with Frankenwald Estate to begin with. Wits University is looking to make R1 billion from selling the controversial Frankenwald Estate near the Marlboro Gautrain station. The site was given to the institution – through a deed..
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Wits University wants to sell property donated from British mining magnate to Johannesburg city council to help poor students – one can only wonder if it includes white students too?
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Cash-strapped SABC to receive yet another government bailout – The National Treasury, has, once again, been persuaded to open its coffers up to the embattled broadcaster
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The South African Broadcasting Corporation (SABC) will receive a much-needed government bailout, after failing to improve its financial position in 2019. Government, by way of the National Treasury, has, once again, been persuaded to open its coffers up to the embattled broadcaster. Telecommunications Minister Stella Ndabeni-Abrahams confirmed that the finance minister was expected to finalise..
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How ANC- government officials spend taxpayers hard earned money on extravagant cars
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A Deputy Minister of Co-operative Governance and Traditional Affairs apparently wasn’t happy with the list of cars that Treasury negotiated bulk discounts on. So he asked Treasury for permission to purchase a Volvo XC90D4, at a cost of R1,118,352 to the public purse. The reason for the request was “National Treasury Transversal Contract RT57-2016/2017 does..
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Eskom shocked by new R36 billion bill from infamous Kusile unit – Well, isn’t this the last thing that utility and the South African taxpayer needed?
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With Eskom set to receive a R70 billion government bailout over the next few years, they could lose more than half of that amount before they even get going. Another set of spiralling costs have floored the utility, who have been billed R36 billion by contractors working on the Kusile Power Plant. The report –..
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Motorists are going to have to buckle up once more since petrol are about to cost R17-per-litre in June
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Being a motorist in Mzansi is a ghastly pursuit. The petrol price looks set to rise again in June, marking a fourth consecutive increase since March. It’s not news any of us wants to hear. Although petrol prices forecast for next month won’t rise as steeply as they did throughout Autumn, the per-litre costs could..
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SA official racked up a R100k porn bill while on a trip to the US
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Deputy Speaker of the Limpopo Legislature, Lehlogonolo Masoga, is fighting the recommendation by Public Protector Busisiwe Mkhwebane that he should pay back “a reasonable portion” of a phone bill of R125 000 incurred while on an official trip in the US in August 2014. Masoga was in the Gauteng High Court, Pretoria, to have the..
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Fidelity guards buried R2.9m of stolen money in their back yard in ice-cream containers and refuse bags
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Two former Fidelity security guards have been sentenced to nine years in prison for stealing about R2.9m. Tinyiko Thomas Maluleke, 41, and Rofhiwa Emmanuel Luvhimbi, 31, were sentenced in the Makhado Magistrate’s Court on Monday, Limpopo Hawks spokesperson Capt Matimba Maluleke said on Wednesday. The pair stole the money between December 2018 and January this..
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R1.6 billion stolen from the Eastern Cape’s social development fund – Funds meant for roads, houses and schools ended up going towards fancy dinners, luxury cars and expensive suits
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The South African National Treasury has compiled a series of reports detailing gross expenditure irregularities within the Eastern Cape. These reports have been obtained by City Press, and the information now made public. The Treasury reports rely on information gathered from special audit services conducted between 2011 and 2017. The audits scrutinised expenses related to..
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Eskom Corruption being ‘rewarded’ with 15.63% tariff increase – SA consumers now have to suffer but those responsible for the corruption and maladministration “continue to roam free” without any consequences for the actions
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Municipalities across SA will now face a 15.63% tariff increase from Eskom, approved by Nersa. Mayor Herman Mashaba on Tuesday issued a statement in which he claims the National Energy Regulator of South Africa (Nersa) has rewarded corruption at Eskom with a 15.63% increase in tariffs. “The City has noted the disappointing correspondence from Nersa,..
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SA economy is facing a big setback – Industrialists and entrepreneurs are packing up and leaving SA due to Eskom’s huge tariff increases
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The ANC’s president’s dreams are shattering at this time because of the huge tariff increases Eskom is now charging the municipalities. Big institutions say they are tired of Eskom’s reckless tariff adjustments, and some industrialists have already packed up and left the country. Industries that is depended for electricity to the manufacture of certain goods,..
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Election cost taxpayers billions of rand, SA’s struggling economy has taken a step closer towards junk status
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Apart from the fact that taxpayers had to foot the bill for the state’s expenses, the amount of which is unknown, but has amounted to millions. The recent election has pushed the struggling economy another step closer towards junk status with the tremendous expense of political parties. The ANC spent more than one billion in..
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Unpaid Alex school subsidy could lead to Lesufi’s arrest – school alleges they were deprived of their 2016 subsidy for unexplained reasons
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The High Court in Johannesburg has ruled that Gauteng education MEC Panyaza Lesufi and his department contravened a court order attained after they allegedly did not pay annual subsidies owed to the Liberty Community College in Alexandra township. Failure to pay the subsidy could now lead to Lesufi’s arrest, IOL reports. The department will also..
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City of Tshwane residents, this is where your tax money is going to – Tshwane spends R60 000 daily on abandoned business park
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The City of Tshwane is spending at least R60 000 daily on the abandoned R525 million Business Processing Outsourcing park (BPO) in Hammanskraal. Launched in 2016 by the then ANC administration, the project promised to create 3000 jobs through on-site training, technical support and incubators for small and medium micro-enterprises. It stalled under the watch..
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These are apparently some of the perks of holding an executive position at Transnet – The high life of a Herbert Msagala includes 6 cars, 4 properties and a very posh home even though this state owned entity is bankrupt?
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Forensic report found exec bought six cars – including a Maserati – four properties and a posh home in Steyn City. He bought a top-of-the-range Maserati Coupé, four properties for cash in just seven months and received a fat deposit for his posh house paid for by a service provider. The details of how Herbert..
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The ANC wants banks to be forced to fund SA coal mines, well you are not a party anymore, you are now BANK-ROBBERS and THIEF’S
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South Africa’s banks should be forced to invest in new coal mines in the country, the ANC’s head of economic transformation has said. Nedbank and Standard Bank have said “they are not going to put money in coal anymore,” Enoch Godongwana said in an interview on Carte Blanche. “To me, that’s an invitation for prescribed..
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