Finance

 

how did Morris “KGB” Tshabalala survive in the SAPS for so long considering his record and continued criminal activity?

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SAPS Clean-Up: Scopa hears of ‘millions’ mooted as IPID flushes out the mess of the Mangaung ‘Shadow State’

How did a convict sentenced in 1996 to 10 years for robbery with aggravated circumstances find himself floating around the ANC’s elective conference in Mangaung in 2012, flush with a cool R50-million aimed at stoking factional battles in the ANC?

Continuing the tradition at Nasrec in December 2017, pressure was also allegedly placed on the SAPS to launder R45-million to buy votes. Details of this and other horrors of the Shadow State were revealed by the Independent Police Investigative Directorate at a Scopa report-back on Tuesday. The clean-up has begun. 
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Malusi Gigaba – Prepare for a tough budget

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President Cyril Ramaphosa has been pressuring the finance ministry to reduce spending and increase revenue, and South Africans should thus prepare for another tough budget, finance minister Malusi Gigaba told the Mail & Guardian.

Amid speculation that Gigaba could be reshuffled out of the paramount ministry by Ramaphosa after his takeover as head of state,
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Minister of Finance plays “Candy Crush” on his tablet in Parliament

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Minister of Finance plays "Candy Crush" on his tablet in Parliament

The Minister of Finance sits in Parliament on one of the most important days in recent political history….and he plays “Candy Crush” on his tablet. Is the data part of his benefits package, by chance? 

Why still wonder what went wrong with the economy? The president had his fingers in the till while the Minister was playing TV games.

That is the summarised explanation for South Africa’s economical woes.
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SARS double standards, cash flow manipulation

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SARS double standards, cash flow manipulation

As previously reported, the South African Revenue Service (SARS) only applies rules as it suits them.

Any late income tax payments will be levied with a hefty fine but if SARS money has to be refunded to the general public, the return is referred for audit and when it is done, the amount due will be repaid without any interest.
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A ‘comfortable’ life awaits Zuma if he steps down as president

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A 'comfortable' life awaits Zuma if he steps down as president

Should Jacob Zuma heed calls for him to step aside as president of the country‚ he will be entitled to his salary and most of the perks he enjoyed in office – for the rest of his life.

He would be paid his annual R2‚989‚845 salary after stepping down‚ be provided with security and an official vehicle‚ an office and a secretary and be entitled to free domestic flights on the national airline.
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Why Zuma’s free higher education plan will cripple SA’s finances

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The country’s fee-free higher education initiative, controversially introduced by President Jacob Zuma in the dying weeks of 2017, will plunge the country into a deeper financial crisis if it isn’t adjusted one way or another. Days after Zuma made his surprise announcement, Ramaphosa was elected president of South Africa’s ruling party, the African National Congress…
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Asset Settlement Unit to seizes Gupta assets

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Asset Settlement Unit to seizes Gupta assets

The Public Prosecuting Authority has signed confiscation orders under which the Asset Settlement Unit will today seizes the assets of the infamous Indian family. Assets worth R1.6 billion are affected. The unit asked for applications in three court cases and a trustee will be appointed to oversee the assets. According to the application, the assets..
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Who maintains the ANC regime’s coffers by paying taxes?

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ho maintains the ANC regime's coffers by paying taxes?

The law firm Webber Wentzel analyzed the tenth issue of the South African Revenue Service (SARS) tax statistics. From the conclusions it appears that 37% of the tax collected in 2016/17 came from individual taxpayers. Of the 20 million registered taxpayers, only 6.3 million payers submitted tax assessments, as those who earn less than R350..
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I’m going to walk in at Wits and register for my masters‚ says Malema

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I'm going to walk in at Wits and register for my masters‚ says Malema

Economic Freedom Fighters (EFF) leader Julius Malema says he is planning to stage a walk-in to register for his Masters degree at the University of Witwatersrand‚ in support of his party’s controversial call for prospective students to invade institutions. Malema was speaking on the Polokwane’s urban radio station‚ Energy FM‚ on Monday morning. “Our children..
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VUT scraps upfront payment for ‘poor’ students

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VUT scraps upfront payment for 'poor' students

The Vaal University of Technology and its student representative council (SRC) have agreed that students who come from households with an income of R350,000 and less will not pay registration fees at the beginning of the year. Students from households whose income is more than R350,000 are required to pay R4,000 upfront. This comes as..
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Eskom agrees to lower quality coal from Gupta-owned Tegeta but purchasing it at a more expensive rate

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Eskom agrees to lower quality coal from Gupta-owned Tegeta but purchasing it at a more expensive rate

Eskom has agreed to allow Gupta-owned mining company Tegeta Resources and Exploration to deliver lower quality coal‚ at a more expensive rate‚ to its Hendrina power station in a show of the family’s continued influence at the power utility. Internal documents seen by TimesLIVE record that during negotiations between Eskom chief procurement officer Jay Pillay..
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Sassa wants CPS for 6 more months

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The invalid Cash Payment Services (CPS) contract may be extended for a further six months if the South African Social Security Agency’s (Sassa) gets its way — yet the Constitutional Court ruled that the contract is to end on March  31. The extension is contained in the latest Sassa report to the Constitutional Court, filed less..
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Rand is slowly losing steam after realizing there is not much difference between Zuma and Ramaphosa’s policies

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Rand is slowly losing steam after realizing there is not much difference between Zuma and Ramaphosa's policies

The rand is slowly losing steam after the initial recovery following Cyril Ramaphosa’s election as president of the ANC. All the optimism about a new “president” is slowly decreasing and economists believe that the currency is falling back and aligned with previous dissertations. This comes just after Ramaphosa’s land grab threats to seize land without..
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Total collapse of state-owned enterprises under Minister Brown

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Total collapse of state-owned enterprises under Minister Brown

The Democratic Alliance’s Natasha Mazzone has, once again, slammed Minister of Public Enterprises, Lynne Brown. Eskom remains in the spotlight. The Democratic Alliance’s Shadow Minister of Public Enterprises Natasha Mazzone has become quite a political “big name” over the last few months. Her grilling of Lynne Brown during the Eskom inquiry gathered particular attention. Now,..
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Former acting CEO of Eskom’s back at his desk on Monday after ‘sham hearing’

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Former acting CEO of Eskom's back at his desk on Monday after 'sham hearing'

Matshela Koko, former acting CEO of Eskom will be back at work on Monday January 8 in the role of head of generation‚ according to Eskom spokesman Khulu Phasiwe. The information that Koko had been reinstated was sent in an internal memo from acting CEO Sean Maritz to senior Eskom staff on Tuesday and was..
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