Land claims, whether legitimate, fraudulent or opportunistic, can cripple farms, businesses and their families. Thousands of land transactions, financing applications and plans to develop or expand have been scuttled by land claims, and this has cost South Africa incalculably in terms of jobs and rural development.
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SAAI Discloses Land Claims Database Online! Files Contempt of Court Against Agriculture Minister Thoko Didiza
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Cyril rushes back to Eskom and cuts visit to Egypt short amidst electricity crisis which holds serious economic consequences for SA
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Opposition parties expressed their dismay when the ANC president, Cyril Ramaphosa, went to Egypt amidst #rollingblackouts occurred all over South-Africa this past week. He had to cut his less important visit to short and returned to South Africa to talk to the heads of Eskom about the crisis load shedding has on the finances of..
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Head of SASSA under investigation after being accused of abusing his power for financial gain
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Accusations are made that Themba Matlou, who heads the Social Security Agency (Sassa) in the Central Transvaal, used his office to campaign for a provincial position in the ANC. Allegations are also being made that he used the state’s resources and finances for the campaign, and the Public Protector will now investigate the allegations. He..
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Transnet wasted almost R50 billion, most of which is used to buy trains that cannot be used in SA
Eskom drowning in debt, will need R69 billion to service its overflowing liabilities
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Eskom chairman Jabu Mabuza during the power utility’s annual financial results presentation on November 28, 2018 in Johannesburg, South Africa. During the presentation, it was revealed that Eskom’s debt service costs have doubled in a one year to R45bn. Jabu Mabuza addressed the Portfolio Committee on Public Enterprises on Wednesday and announced Eskom is owed..
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Parasitic Parastatal Eskom, paralysing SA as the country runs out of money. Unless considered action is taken, not just talk – South Africa remains on the brink of destruction
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When Finance Minister Tito Mboweni on Tuesday told MPs government would have to review its funding requirements, he put into financial jargon that, actually, South Africa’s running out of money. And Eskom is to blame, in the main. Bluntly put, Tuesday’s Special Appropriation Bill is scraping together R59-billion extra for Eskom — that’s in addition..
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How do you explain it? Only 18 of the 257 municipalities in South Africa are functionally correct
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The Auditor-General, Kimi Makwetu, pointed out the big sore in the economy of the country. In his latest report, he shows that politicians and officials simply ignore his office’s recommendations. The other truth that emerges is that municipal councils do not have the necessary skills to handle finance. Only 18 of the 257 municipalities in..
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Seems like South-Africa’s Health Department has a major cash flow problem – Several Gauteng Doctors, Medical Interns Not Paid January Salaries
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Eyewitness News spoke to some interns who say that they were told that their January salaries will only be paid on 28 February.
Several Gauteng medical interns and community service doctors have contacted Eyewitness News claiming that they have not been paid their January salaries.
Eyewitness News has seen WhatsApp messages, emails and memos informing the doctors of this decision.
The doctors have been doing their community service at various hospitals in the province.
Eyewitness News spoke to some interns who say that they were told that their January salaries will only be paid on 28 February.
Medical interns at the Charlotte Maxeke Hospital say that they were sent a WhatsApp message a day before payment informing them that due to logistical reasons, payments won’t be made therefore they should make the necessary agreements with their banks.
A memo from Helen Joseph Hospital, seen by Eyewitness News, notifies the doctors that their January payments
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R27 million of taxpayers money missing in thin air and now KZN’s traditional councils can’t explain how and where it went
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KwaZulu-Natal’s traditional authorities have failed to account for more than R11-million in levies collected by the province’s amakhosi from their subjects during the past financial year.
They were also unable to account for more than R15-million in property under their control, according to the 2017-2018 annual report of the Traditional Levies and Trust Account.
The report was submitted to the KwaZulu-Natal legislature this week by the MEC for co-operative governance and traditional affairs, Nomusa Dube-Ncube.
Co-operative governance MEC Nomusa Dube-Ncube said the audit was disappointing. (Mandla Mkhize)
Poor accounting systems and a strike by the secretaries of the province’s tribal councils resulted in the auditor general’s office issuing a qualified audit outcome against the entity.
The more than 350 secretaries, who receive a government stipend of R1 600 a month, want the department to pay them R12 000 instead, which the co-operative gover
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Cash strapped state airline SAA goes on spending spree
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Struggling state airline SAA is splurging millions on executives and consulting firms in a spending frenzy that has been described as “worrying”.
Its recently appointed chief executive, Vuyani Jarana, has said the increased expenditure is necessary to address a severe skills shortage.
The Mail & Guardian has established that SAA, which last week received yet another R5‑billion bailout from the treasury, is paying R25‑million to Deutsche Bank in a deal to analyse its financials and restructure its debt.
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Treasury open to reviewing zero-rated VAT items
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According to Treasury’s budget review document, there are 19 basic food items on the zero-rated list. This includes dried beans, samp, maize meal, rice, milk, tinned pilchards, brown bread, eggs and vegetables, as well as illuminated paraffin.
In its submission, Treasury highlighted findings from the Davis Tax Committee in 2015 that advised that no more zero-rated food items should be considered.
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Fuel prices expected to drop by 36 cents
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The Automobile Association (AA) has announced that the fuel prices are expected to drop on the 7th March.
Following to the unaudited month-end fuel data released by the Central Energy Fund, the AA said petrol is set to go down by 36 cents, diesel by 47 cents and paraffin by 26 cents.
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DA’s Hellen Zille is a follower of George Soros
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And just look at who, 10 years ago, acknowledged that she served on George Soros’s advice for the Open Society Foundation! Insights into Helen Zille’s background and her philosophy. Moneweb: Here in South Africa the Open Society Foundation was founded By George Sores, who’s well know in financial circles. But you also played a quite..
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National Treasury captured by Finance Minister Gigaba?
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Officials in the Treasury accused the finance minister, Malusi Gigaba, of hijacking the treasury by running a parallel administration. This he did by appointing about 20 confidants in his office. In this public attack on Gigaba, it is claimed that he decided to delay a forensic investigation into Eskom contracts with Tegata. The allegation also..
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The true financial cost of Hurricane Jacob
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Over 1 month, six months, one year, three years and even five years. In rand as well as US dollars. Against the developed world and now also against the emerging market world. Take your pick; it doesn’t matter. These are the current facts of the returns of the Johannesburg Stock Exchange relative to the major..
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