The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance Minister until..
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February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget
February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget
Coffin case accused sentenced harshly in High Court – coffin sage was actually a political propaganda
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Willem Jackson, 30, has been sentenced for 11 years and Theo Oosthuizen, 29, has sentenced for 14 years in the High Court in Middelburg on Friday morning. The two former farm foreman’s were convicted of five charges in August in the so-called coffin case. This followed after the assault on Delton Sithole and Victor Mlotshwa..
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‘Pay back the money! She is a thief!’ ANC chants at De Lille during council meeting
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Patricia De Lille on Thursday said she has not stolen a single cent, insisting she had enough money to even consider lending money to the City of Cape Town – at a low interest rate – to deal with its water crisis. “I don’t need money from anyone,” she said ahead of her address during..
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KELLOGG’S CHANGES CEREAL BOX AFTER BEING CALLED RACIST
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Kellogg’s has been slammed for having just one brown corn pop on its Corn Pop cereal box. Cereal maker Kellogg’s has been served up spoonfuls of shame as it was called out for being racist. The new box of Kellogg’s Corn Pops featured a group of light coloured corn pops hanging out in a mall,..
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Malema: I’m Under Attack By Kleptocratic State – Such big words for such a small minded guy
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Economic Freedom Fighters leader Julius Malema has tweeted that he’s under attack from what he calls a kleptocratic state. He says someone is trying to hack into his email account and he can’t retrieve any emails at the moment. Malema’s tweet is accompanied by a screen grab, with a warning from Google that ‘government-backed hackers’..
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The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech
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A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
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Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA
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Economists have warned that South Africa could be in line for a credit downgrade to junk status – possibly before the end of the year. Their fears come in light of Malusi Gigaba’s mid-term budget speech, delivered to parliament on Wednesday. “It is not in the public interest, nor is it in the interests of..
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Steve Biko’s letter and the sale of SA’s heritage to the highest bidder
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On 28 October, one of Europe’s leading autograph and manuscript auction houses will be selling a piece of South African heritage that should be in South Africa’s governmental archives. A handwritten letter by Black Consciousness Movement founder Steve Biko on 29 October 1973 is listed in UK auction house International Autograph Auctions’ (IAA) catalogue. The..
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School governing bodies outraged over plan to strip them of powers
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The Basic Education Department is ready to squash nearly all powers of school governing bodies if it can push through proposed amendments to the South African Schools Act. The changes will affect schools’ language policy, teacher appointments and pupil admissions. The public has until November 10 to comment on the Basic Education Laws Amendment Bill,..
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Gigaba’s first test: Can he ace the mid-term budget?
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Finance Minister Malusi Gigaba is in an unenviable position. In his maiden budget – today’s medium-term budget policy statement – he must confront, among other things, low economic growth, a tax revenue hole big enough to fly a plane through and the budgetary consequences of struggling state-owned enterprises. These issues are some of the chief..
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Ramaphosa leads Gauteng nominations in the presidential race
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ANC deputy president Cyril Ramaphosa is leading the Gauteng presidential race following this weekend’s round of nominations by branches in the province. But, it’s early days, insiders say. According to them, nominations are yet to meet the halfway mark, which will give a more clear indication of Ramaphosa’s performance in the race. Outcomes of branch..
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Mbalula delivers crime stats, vows to crack down on ‘lazy’ police efforts
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Police Minister Fikile Mbalula on Tuesday announced a general 1.8% decrease in crime but remained scathing of efforts to curb violence. The crime statistics released in Parliament show that robberies are the highest they have been in a decade at 6% and are the cause of most aggravated contact crimes. Although the “most policeable crime”,..
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BLSA tells Eskom: ‘You remain suspended’
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Business Leadership SA on Monday reiterated the suspension of Eskom from the organisation. BLSA said it is holding high-level discussions with Eskom’s acting CEO‚ Sean Maritz‚ regarding serious allegations of corruption and state capture that had led to the suspension of the power utility from the organisation. “The first of these meetings was held on..
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How the Guptas ‘stole’ jobs from South Africans
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The caveat for bringing foreign workers into SA is that they must school South Africans in their job. The Gupta family’s capture of the Department of Home Affairs (DHA) may have kept scores of South Africans out of jobs. The family and its businesses turned the DHA into their own private permit-issuing factory, using top..
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