President Cyril Ramaphosa has appointed a commission of inquiry into alleged impropriety at the Public Investment Corporation.
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Cyril Ramaphosa appoints commission of inquiry into Public Investment Corporation
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That’s how the taxpayer’s money is stolen! – Department of Public Works spends R300 million on rent for buildings and parking spaces that do not exist
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Adv. Director General Sam Vukela reveals that the Department of Public Works spend R300 million on rent for buildings and parking spaces that do not exist it in the department’s 2017-18-year report. This damning evidence on which he and Thulas Nxesi, minister, and Jeremy Cronin, deputy minister and other departmental heads of government, reported on..
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Bankrupt Mangaung Metro does not have money for service delivery, but can spend a whopping R4.5 million during a festival
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Despite assurances that the bankrupt Mangaung Metro did not give money to the Macufe Festival, Netwerk24 has reliably learned that R4.5 million has been paid to the organizers. Executive Mayor Olly Mlamleli apparently requested a R4,5 million check for payment to C-Squared. C-Squared organizes the Mangaung Arts and Cultural Festival, which has just been held..
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The Rand is firm for now, but Moody’s delays ratings move!
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The rand strengthened further on Monday after Moody’s Investors Service held off on its ratings review of South Africa on Friday.
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Consumers are warned of second increase in VAT to make up for shortfalls that were stolen by ANC-politicians
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With the new finance minister set to deliver the medium-term budget policy statement later this month, tax experts have warned of a likely increase in VAT in the coming year. Former SA Reserve Bank governor Tito Mboweni was sworn in as finance minister this week, following the resignation of Nhlanhla Nene. Bernard Sacks of Mazars,..
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If you’re planning to remodel your kitchen with granite counter tops, you may want to check that the granite is not coming from your local graveyard
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It has been noted that men are stealing granite from cemeteries in Tongaat, north of Durban, and reselling them as granite for kitchen tops. The act has been condemned by MEC for Cooperative Governance and Traditional Affairs (Cogta) in KwaZulu-Natal, Nomusa Dube-Ncube who urged police to arrest those caught desecrating graves. “We are really disturbed..
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Government abandons TV project which has already cost taxpayer a whopping R10 billion
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The South African government is abandoning its direct involvement with the set-top box programme, which has already cost taxpayers R10 billion. Communications Minister Nomvula Mokonyane announced the government’s retraction on Thursday. According to Fin24, the controversial set-top box programme will now adopt a “market/ retail driven approach” as opposed to government procurement processes which have..
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Government wasted R10 billion on digital migration project
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Communications Minister Nomvula Mokonyane says Cabinet on Wednesday approved a different approach to implementing the long-delayed broadcast digital migration project. The government has abandoned plans to buy millions of set-top boxes as part of the migration from analogue to digital television after spending about R10 billion on the project. The U-turn was announced by Communications..
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All they know is how to spend money:- Auditor General: Irregular spend at ‘all-time high’
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Auditor General Kimi Makwetu has lamented poor financial controls in the public sector that lead to irregular expenditure, saying the scourge has reached an “all-time high”.
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Liar liar, pants on fire! – Ramaphosa blames apartheid and state capture for ailing economy
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President Cyril Ramaphosa says state capture, corruption and the legacy of apartheid are to blame for the country’s poor economic performance. Ramaphosa was speaking at the opening of the government’s two day Jobs Summit on Thursday. “Our economic performance has also been undermined by state capture and corruption in both public institutions. Of late, we..
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More reason to bring out the candles – Eskom needs more money and was granted permission to increase electricity tariffs
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The National Energy Regulator of South Africa (Nersa) has approved electricity tariff increases as requested by the embattled utility supplier, Eskom. This is another blow for the majority of South Africans who are already struggling to make ends meet. The approval of this electricity tariff increase, which is aimed at rescuing Eskom from the doldrums..
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R18 million project on hold due to poor workmanship by the contractor
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The official unveiling of a R18 million road and stormwater upgrade project in Soshanguve has been put on hold after complaints was received of poor workmanship by the contractor. The 2.4 km of road construction and 2.9 km of stormwater project commenced in July 2017 and after inspection, the contractor undertook to repair the mistakes..
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This R8 million Mandela statue has left Mpumalanga residents furious
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“The best way to honour Nelson Mandela is for this government to prioritise education, healthcare and the delivery of services to the people.” – DA regional spokesperson An R8.3 million bronze statue of former president, Nelson Mandela, has received mixed reviews from political parties and Mpumalanga residents. It’s not because the statue of the late..
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Excessively high fuel prices in South Africa are the result of an useless ANC government
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Gasoline will rise by 99 cents per liter on Wednesday, October 3, while diesel will rise by R1,24. Liquid gas prices rise by R1,39 per kilogram. The extremely high fuel price in South Africa is the result of an useless ANC-regime, is the opinion of the FF Plus’s leader, Dr. Pieter Groenewald’s, and he ascribes..
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Apparently Zuma is not the only one with a counting problem – It seems that NSFAS wrongly paid R500 million to students
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It is not only Jacob Zuma who can not count because the National Student Financial Assistance Scheme has wrongly paid more than R500 million to students. This means students received more money than they should have. In addition, approximately R303 million of unauthorized expenses were incurred. The body has now issued loans to the value..
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