Finance

 

‘Rogue’ Sars Unit Spied For Zuma

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Commissioner Tom Moyane (right) shut down Sars’s intelligence unit after it emerged it might be involved in the illegal gathering of information. The controversial South African Revenue Services (Sars) intelligence unit, which was recently disbanded following headlines that “Sars bugged Zuma”, in fact, spied for Zuma. The unit was shut down by new Sars commissioner..
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Cape Town Universities: How Much Longer Can They Hold The Lamp?

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Cape Town has given to South Africa more than the country can be grateful for. Surpassing all the tourism and wealth this broad-shouldered town has coughed out, it has given to the country the best in university education through the various Cape Town Universities. Of the many Universities that exist in South Africa, Cape Town has..
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Spending And Stealing The ANC Way

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I never thought I would see the day, but the ANC in East London and Port Elizabeth, in the ANC heartland and stronghold of the Eastern Cape, are also now calling for Zuma to fall Apparently, they have also decided now that they are upset about Zuma stealing R249 million to upgrade his Nkandla palace..
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How Zuma Broke The Rand

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The South African rand is the worst-performing currency out of 31 major and developing-nation currencies monitored by Bloomberg.   On Wednesday the South African rand fell to its weakest level since early July, which was caused by political uncertainty surrounding Finance Minister Pravin Gordhan. The rand traded at R14.74 against the US dollar yesterday, a..
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Investment Boycott And Tax Strikes: Support Grows For Financial Protests

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Support is growing in South Africa for an investment boycott of key state entities, while citizens are increasingly suggesting tax boycotts as a way to get the government to clean up its financial act. South Africa has been mired in controversy, withPresident Jacob Zuma in the spotlight over a range of transactions linked to the..
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Numbers Don’t Lie – South Africa Moving Backwards Under Zuma’s Leadership

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It’s simple economics if the pie stays the same size and more people want a piece of it, the slices get smaller. Professor Matthew Lester continuously makes reference to South Africa’s ever-expanding population, and if you couple this with stagnant growth rates, citizens are ultimately getting poorer. But this theory needs to be backed up by..
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Maimane Explains Zupta Plot To Seize Control Of State Assets, Step-By-Step – And Get Away With It

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Allegations of corruption against President Jacob Zuma and his friends, the Guptas, have been taken to the South African Police Service. But the police aren’t making any progress in their investigation, it seems. This is because President Zuma has worked on a systematic plan to gain control of key state institutions, says DA leader Mmusi..
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Zuma And Friends Develop Plan To Seize Control Of Banks

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    Jacob Zuma and his clique have control of South Africa’s commercial banks firmly in their sights, it has emerged1. Zuma ally Mosebenzi Zwane – the mines minister who played a key role in helping the rich Gupta family acquire Eskom coal supplier Optimum – is a central figure in plans to maintain a tighter grip..
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The Massive Companies Zuma Is Now In Charge Of

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It was announced this week that the government would establish a Presidential State Owned Companies Coordinating Council, which will see President Jacob Zuma oversee the country’s parastatals. I was announced this week that the government would establish a Presidential State Owned Companies Coordinating Council, which will see President Jacob Zuma oversee the country’s parastatals. Minister..
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Goodbye Guptas: Family To Exit All South African Businesses By End 2016

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The Guptas – who are believed to have a close relationship with President Jacob Zuma – have announced their intention to sell shareholding in all South African businesses by the end of 2016. Following their earlier statement today about newspaper reports of alleged comments made by Finance Minister Pravin Gordhan, accusing the Gupta Family of..
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SOUTH AFRICA: When The Ruling Demons Become Greedier Than The Devil Controlling Them

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  THE mainly black African National  Confusion communist idiots in control of the South African economy ostensibly are busy writing a last desperate final financial epitaph – that  for future financial historians – will force many intelligent observers to raise more than just an eyebrow. The banality of these half-wit so-called “decision makers” in Luthuli-House are simply mind-boggling, to..
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This Is Who Is Lined Up To Take Over Gordhan’s Role As Finance Minister

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Market researchers Nomura have made it clear that it believes a war is brewing between president Jacob Zuma and finance minister Pravin Gordhan, where the president is urgently trying to give Gordhan the boot. The group has posted a damning note updating investors on the status of South Africa, following news that the SAPS investigative..
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Hazard Ahead: ANC Wounded, Zuma Unpredictable, Gordhan Targeted

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The Hawks’ decision to summon Finance Minister Pravin Gordhan and former South African Revenue Service (SARS) officials to their headquarters for warning statements on Thursday can only mean one thing: the onslaught on the National Treasury has resumed. The outcome of the local government elections has signalled that the window of opportunity for President Jacob..
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#Oilgate: How Insiders Stole R1.5bn In Sale Of South Africa’s Strategic Oil Stockpile

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In December, South Africa’s Government sold its entire strategic fuel reserve, 10m barrels of crude oil, at a substantial discount to the price at which the commodity traded. It was a stinky transaction. Firstly, the oil market is in a contango, a period where selling oil for future delivery translates into a progressively higher premium..
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Varsity Unrest Looms Despite Plea By Nzimande

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Students at the University of Pretoria on Monday vowed to disrupt academic operations if their mission of ensuring free education was not fulfilled. They gave the university until Thursday to release all students’ marks that had been blocked based on financial circumstances. Various university students at the Union Buildings during the #FeesMustFall Protests.  The students..
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