Eskom has tried to explain their request for a tariff increase of almost 20 percent to Nersa, but it seems that several municipalities simply do not pay for Eskom services. Direct consumers of Eskom Power, such as farmers and industries, will be severely affected by the requested tariff increase. Now it appears that Eskom does..
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Just in SA – Power tariffs increase, municipalities do not pay
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Zackie Achmat: SA is on the verge of ‘chaos’ – Yes we know that already!
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We must accept we are in an extremely dangerous situation where, unless we do something, we will create the moment of chaos.” This is the warning to South Africa from 55-year-old anti-apartheid activist and acclaimed Treatment Action Campaign (TAC) co-founder Zackie Achmat. “Everyone I know, all of us just hope Cyril [Ramaphosa] will win [the..
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ESKOM FACING CASHFLOW TROUBLE – THEN STOP SPENDING MONEY ON BONUSES
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Eskom spokesman Khulu Phasiwe said the firm’s sales growth had been muted while its operating cost was very high and its tariff for the current financial year was low. South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the..
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Treasury senior official calls it quits as Zuma takeover looms
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Michael Sachs, the head of the budgeting office at the national treasury, has reportedly resigned because of interference in its budgeting process by the presidency. The Business Day newspaper reported on Monday morning that “a joint team from the treasury and the Office of the president” are searching for R40-billion in expenditure cuts from the..
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How you will pay for Zuma’s free education plan
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The government is considering drastic budget cuts to fund free higher education, including cutting social grants, freezing the roll-out of RDP houses and increasing taxes. With the country facing an unpre-cedented R50.8‑billion revenue hole, a treasury document has been put before President Jacob Zuma by the presidential fiscal committee, outlining possible areas where budgets could..
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SARS desperate – goes after taxpayer who owes R0.49
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SARS is getting desperate after suffering huge shortfalls, and is now auditing a large portion of taxpayers who need to receive refunds. This is according to the Rapport newspaper, which spoke to tax practitioners about changes at the revenue service. According to the newspaper, more salary earners are subjected to audits – while SARS takes..
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Brave Suzanne Daniels Exposes How ‘Barefooted’ Ajay Gupta Captured Eskom
How you will pay for Zuma’s free education plan
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The government is considering drastic budget cuts to fund free higher education, including cutting social grants, freezing the roll-out of RDP houses and increasing taxes. With the country facing an unpre-cedented R50.8‑billion revenue hole, a treasury document has been put before President Jacob Zuma by the presidential fiscal committee, outlining possible areas where budgets could..
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Saudi tensions could increase SA fuel prices
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The recent political upheaval in Saudi Arabia will lead to South African motorists paying an additional 70 to 80 cents more for fuel in December. And there could be a further increase of about 60 cents in January if current tensions persists, says Econometrix chief economist Azar Jammine. Oil, which has traded at about $50..
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Treasury letter – Sassa should not have disqualified Post Office
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A letter by National Treasury to acting South African Social Security Agency (Sassa) CEO Pearl Bhengu says the agency should not have disqualified the South African Post Office (SAPO) from three possible services in the social grants scheme. Treasury was given a week last Wednesday to review all the deal points of the then-collapsing deal..
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Sassa and Sapo agreement date pushed back yet again
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The striking of the elusive deal between the South African Social Security Agency (Sassa) and the South African Post Office (Sapo) has been pushed back yet again. MP’s at a joint meeting in Parliament on Tuesday heard that an offer to the Post Office to build an integrated IT payment system for a new “hybrid”..
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Pauw Gets Death Threats Over Zuma Book
Take Your Money Out Of South Africa, Says Economist
SANRAL SCRAPS E-TOLL DEBT OF R3.6BN
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Sanral says it will write off R3.6 billion for the current financial year but will continue attempts to recover unpaid e-tolls by taking defaulters to court. The South African National Roads Agency Limited (Sanral) has confirmed it will be scrapping debt of more than R3 billion in unpaid e-tolls. Sanral says it will write off..
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South Africa is held hostage to the toxic politics of the ANC
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If it showed anything, the recent medium-term budget policy statement has proven that South Africa does not have a government capable of dealing honestly and head on with the developmental crisis that the country finds itself in. It will not have such a government for some time, at least not until the 2019 general election..
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