Revenue service Sars said on Friday it had terminated the services of its head of legal, Refiloe Mokoena, with immediate effect. It said the decision was taken after a disciplinary hearing chaired by a senior counsel from the Johannesburg Bar. Sars said Mokoena was found guilty of serious misconduct. “Sars has accepted the chairperson’s recommendation..
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Unlawful R420m Gupta VAT refund – Sars legal head fired with immediate effect
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ANC-regime needs to take notice – The cost of violent protests has spiked 100 fold in a decade
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The number – and size – of insurance claims filed with state-owned political risk insurer Sasria (the South African Special Risks Insurance Association) show just how much violent protests are costing South Africa. In 2007, after nearly four years of economic growth of over 5%, Sasria received 540 claims worth R14 million for damage as..
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ANC piggy bank is empty – ANC regime owes municipalities R165 billion
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After a thorough investigation, it was found that the treasury of South Africa’s is indeed empty for a long time. It has been discovered that the state’s owes amount municipalities approximately R165 billion. To make matters worse, it must be taken into account that the amount is valid for up to the end of June..
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Junk Status looms – Implementation of NHI will have disastrous consequences for SA economy
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AfriForum today sent a letter to President Cyril Ramaphosa, Finance Minister Tito Mboweni and Minister of Health Zweli Mkhize warning the civil rights organization that the implementation of national health insurance (NHI) could eventually lead to the downgrading of the country’s credit rating to junk status . This comes after the credit rating agency Moody’s..
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Insatiable greed for money amongst ANC ranks – MP involved in CR17 R500,000 scam
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The ANC’s MP, Bernice Swarts, is accused of being involved in a scam involving R600,000. The ANC has apparently launched an investigation into the alleged scams where businessmen were under the impression that the money would be used for the ANC’s election campaign. Little information about Swarts is known, but the latest investigation into the..
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South Africa’s army has run out of money – this is how much trouble it is in
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South Africa’s National Defence Force (SANDF) is in a dire financial state, and with no promise of future funding, things may still get worse. Answering in a recent parliamentary Q&A session minister of Defence and Military Veterans, Nosiviwe Mapisa-Nqakula, said that current plans to get the SANDF back on track are entirely dependent on its..
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S&P Global, which downgraded SA to junk status, warns ANC government that it will not be easy to restore land
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The ratings agency S&P Global, which has legitimately downgraded the country to junk status, since 2017, has warned the ANC regime, saying the path of recovery is not reachable with the clap of fingers. The agency also points out that the possibility of another downgrade in two weeks is not ruled out because of the..
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ANC regime’s debt to SA municipalities exceeds R1bn
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Several millions of Rands debt is outstanding with municipalities across SA – ANC regime debt exceeds R1 billion The ANC government’s poor performance, especially in the economic and financial sphere, is also highlighted in its inability to settle its debt to municipalities. The ANC’s Minister of Public Works, De Lille, has acknowledged that the state..
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Its still theft, no matter what you call it! ANC regime continues land expropriation without compensation policy
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TAU SA is preparing to assist landowners in expropriation cases without compensation. This follows after the discussions with the ad hoc committee appointed by Parliament to submit proposals on how Art. 25 of the constitution – which deals with expropriation without compensation – must be amended. “It is clear that the committee’s focus is solely..
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SA has a national debt of R3 trillion rand and tax deficit of R53 million
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Following the disappointing mid-term budget speech by Tito Mboweni, the Rand reached its lowest level in weeks. Eskom’s rescue plan has nowhere really figured in either Pravin Gordan’s submission or Mboweni’s budget reason. The government’s financial situation is rapidly deteriorating with the national debt of R3 trillion and a tax deficit of R53 billion. Moody’s..
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Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing
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Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did..
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E-toll system not going anywhere – According Finance Minister, Gautengers must just except their fate and pay up
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Finance Minister Tito Mboweni said on Wednesday during his interim budget speech that the offending e-toll project will continue and consumers will be held responsible for the costs, with payments now being tightened and regulated. The people of the Central Transvaal will have to fall in love with the fact that Minister is not prepared..
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The ANC can no longer rule South Africa – unemployment rate highest in 11 years and increased to 29,1%
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South Africa’s unemployment rate has increased by 0,1 of a percentage point to 29,1 percent in the third quarter compared to the second quarter, the highest it has been in 11 years. Statistics South Africa (StatsSA) said on Tuesday that the number of employed persons increased by 62 000 while the number of unemployed persons..
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The South African story – How to destroy a country
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South Africa is on a path of destruction and is on its way to becoming an “unhappy country” like Zimbabwe and Venezuela. This is the view of Efficient Group founder and chief economist Dawie Roodt, who was speaking at an event hosted by the Free Market Foundation. Roodt said that while unhappy countries – where..
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“Colonialists are to blame for crime in SA” – Former speaker of the ANC parliament made a total fool of herself during interview
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National Assembly speaker Baleka Mbete has raised eyebrows after a 49-minute interview with Al Jazeera’s Mehdi Hasan where she blamed South Africa’s legacy of crime on Europeans who colonised the country. “Criminality has been in South Africa for three centuries, especially after the colonialists came and brought crime from Europe to Africa,” Mbete said. Among..
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