The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB)..
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Steinhoff implosion staggers SA
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’The old man is desperate now’, is Zuma like Bob now
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With the upcoming ANC elective conference in peril, President Jacob Zuma has lobbied ANC leaders in a desperate bid for unity, confiding that he fears for his legacy. Faced with the ticking time bomb of legal challenges in its key provinces, the ANC leadership is attempting to reach political consensus to prevent court actions from..
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Sisulu shapes up as Cyril’s Number 2
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Human Settlements Minister Lindiwe Sisulu has emerged as the favourite for the position of ANC deputy president despite Cyril Ramaphosa publicly endorsing Science and Technology Minister Naledi Pandor for the number two position. Although Sisulu’s presidential campaign may be flagging, she has harshly criticised the prevalent bribing of delegates, which she says has undermined the..
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Fate of DA mayors Mashaba and Trollip rests in EFF’s hands
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The leadership of two DA mayors – Nelson Mandela Bay’s Athol Trollip and Johannesburg’s Herman Mashaba – will be put to the test on Thursday when they face votes of no confidence along with their speakers. And while it seems that the EFF is in a powerful position to decide the fate of Trollip and..
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ConCourt wants Sassa to explain alternative grants payment scheme
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The Constitutional Court has asked the South African Social Security Agency (Sassa) to provide reasons why an alternative payment scheme, recently suggested by its expert panel, is feasible. The alternative payments scheme was suggested two weeks ago by the expert panel set up by Sassa and Black Sash under the supervision of the court. In..
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Mbete on Khwezi: I don’t want to deal with it
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ANC chairperson and presidential hopeful Baleka Mbete has dodged confirming if she believes that President Jacob Zuma raped Fezekile “Khwezi” Kuzwayo. Mbete was interviewed by Radio 702 host Karima Brown on Monday night when she was asked if she believes Kuzwayo. “You are raising a painful matter because she (Kuzwayo) is no longer alive. I..
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Eskom witnesses refuse to testify against Koko
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Eskom witnesses have reportedly declined to testify against former chief executive Matshela Koko at the internal disciplinary hearing against him, making way for him to be possibly reinstated. Eskom’s prosecution case against Koko came to a halt at the weekend after its evidence leader Cassim Moosa told chair of the disciplinary hearing advocate Mzungulu Mthombeni..
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Maimane urges Metsimaholo community to vote ANC out once and for all
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DA leader Mmusi Maimane has urged residents of the Metsimaholo municipality to kick the ANC out of power there once and for all when they vote in the upcoming by-elections. Twenty-one wards will be contested for on Wednesday. This after the municipality’s former coalition government was dissolved in July. “On Wednesday you, the people of..
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KZN ANCYL leader ‘brutally assassinated in front of family’
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An ANC Youth League deputy secretary in KwaZulu-Natal’s Moses Mabhida Region has been shot dead, the provincial ANCYL said on Thursday. Sthe Mhlongo, who was also a PR councillor in the Umgungundlovu district, was shot at his home in Mpophomeni, outside Pietermaritzburg, at about 02:00 on Thursday morning. He died shortly after arrival at the..
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Don’t be fooled by Ramphosa’s ‘New Deal’ or NDZ’s ‘radical economic transformation’
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It is now abundantly clear that the race to succeed Jacob Zuma as ANC president next month is between his deputy, Cyril Ramaphosa, and Nkosazana Dlamini-Zuma — the president’s former wife and preferred successor. No one else matters. All our attention should be focused on these two. Not that the other supposed candidates for the..
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Lessons for Jacob Zuma in Robert Mugabe’s misfortunes
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President Robert Mugabe’s endgame in Zimbabwe holds various lessons for his South African counterpart, Jacob Zuma, as the latter too, considers his prospects towards the end of his presidency. The first, obviously, is that while, from the pinnacle of power, a country’s president may feel the monarch of all he can survey, it is always..
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ANC Stalwarts: The party is in an untenable political crisis, Zuma must step down
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ANC stalwarts and veterans have once again called for President Jacob Zuma to step down with immediate effect. This call forms one of many resolutions adopted at their national consultative conference which was held over the past three days in Braamfontein. Former presidents Thabo Mbeki and Kgalema Motlanthe attended the event, along with several National..
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Chris Hani’s killer Janusz Walus denied parole
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Former SA Communist Party leader Chris Hani’s assassin has been denied parole. Justice Minister Michael Masutha announced his decision at a press briefing on Friday. This follows a Supreme Court of Appeal ruling in August which gave the minister 90 days to make a decision. Walus, a Polish immigrant, and Conservative Party MP Clive Derby-Lewis,..
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Ramaphosa nowhere to be found on ANC Women’s League NEC nomination list
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It’s clear that there’s no love from the ANC Women’s League for Deputy President Cyril Ramaphosa. His name is nowhere on the league’s list of 223 members nominated for the all-powerful National Executive Committee (NEC). The league is backing Ramaphosa’s rival Dr Nkosazana Dlamini-Zuma in the party’s presidential campaign that comes to a head at..
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ANC to intervene in three ‘troubled’ provinces over branch meetings
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The ANC’s national executive committee (NEC) is to intervene in branch general meetings in three provinces over nominations of presidential candidates for the upcoming national elective conference. Secretary general Gwede Mantashe told journalists during a media briefing on Monday that it would intervene in KwaZulu-Natal, the Eastern Cape and the Northern Cape. At least 70%..
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