Financial expert Dawie Roodt has explained the chain of events he believes will see South Africa follow the same path Zimbabwe has. Roodt wrote in a column for the Huffington Post this week how South Africa’s economic woes will eventually lead to state looting of taxpayers, then savers, and eventually investors. Where South Africa will..
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Economist Dawie Roodt “South Africa is headed for a Zimbabwe situation” – He’s warning us to ‘take our money elsewhere’
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State-owned Denel has cash flow problems and can only pay workers a portion of their salaries
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Denel said that they could only pay employees 85% of their salaries for the work done in the month of June. Group Chief Executive Officer, Danie du Toit said in a statement, “The management of Denel is working tirelessly to ensure that delayed portions of salaries will be reimbursed to employees as soon as possible.”..
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How much taxpayers money has been thrown into SAA’s black hole to stay afloat?
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Billions and billions have been thrown at The South African Airways (SAA), but the airline don’t have much to show for it. It’s hard to recall a time when the limpest of all our state-owned entities was successful on its own two feet. It has a history of relying on fiscal interventions, needing contributions from..
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The Black First Land First (BLF) movement claims it has no money to pay legal costs as cases pile up, well, it’s easy, shut your mouth then
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The group was in the Equality Court on Tuesday in the matter between itself and a complainant represented by the South African Human Rights Commission (SAHRC).
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Is that so? – South Africans not paying TV licenses blamed for collapsing the SABC
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According to Deputy Communications Minister Pinky Kekana, an SABC TV license is great value for money. Deputy Communications Minister Pinky Kekana has called on South Africans to pay their TV licenses in order to save the SABC from complete financial collapse. Kekana made her impassioned plea before Parliament’s communications committee on Tuesday. The Deputy Minister..
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