National Treasury is set to impose 28 conditions on Eskom in return for a R59bn lifeline to keep the cash-strapped power utility afloat and enable it to pay interest on its mounting debt burden. Treasury updated Parliament’s appropriations oversight committee on the conditions attached to an appropriations bill on Wednesday. The bill, which has not..
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Eskom – in return for R59bn bailout from National Treasury, Eskom must recover Soweto, municipal debt
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Jacob Zuma back in Supreme Court – conviction could lead to a long time behind bars for the former ANC leader
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The chief justice’s office confirmed that former ANC president Jacob Zuma will appear in Pietermaritzburg in court. Zuma is expected to appear in a court case on Friday, which will now be four days sooner than initially scheduled. The case, which would initially begin on October 15, was premature amid his initial request that the..
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Agrizzi, who testified about State Capture and allegations of corruption, bribery and tender fraud, still has the ax above his head and will be subject to cross-examination
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Former Bosasa executive Angelo Agrizzi is back in front of the Zondo Commission after spelling out numerous people’s offenses during his testimony. The Zondo Commission, which costs the country millions of rand from the state treasury, has been running for months longer than initially approved, and will, according to informed sources, continue its investigation for..
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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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Chinese ambassador spells out the blunt truths about investment in South Africa – Appears that they want to take over after incompetent ANC destroys SA
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China’s ambassador to South Africa, Lin Songtian, has made it clear: if South Africa hopes to attract the further Chinese investment it needs to resuscitate its stagnant economy and it has to renovate its infrastructure, including revitalising the governance of state-owned enterprises. China’s ambassador to South Africa, Lin Songtian, is a master of the back-handed..
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Water taps run empty at Sol Plaatjies Municipality – ANC officials totally incompetant and reckless to run municipality, no wonder SA is a Sh*t hole country
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Residents in the Northern Cape municipality of Sol Plaatjies including Kimberley are still without running water. After four days of empty taps, while promises of a new water pump have not yet delivered, people are distraught over the incompetence of the local authority. Thousands of people in Kimberley had to make plans themselves to obtain..
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Drought relief for Northern Cape – ANC-regime promises to assist farmers with R30m in aid– this is like a drop in the ocean
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The R30m pledge to assist farmers in the severe drought of the Northern Cape is hardly a drop in the ocean. David Mabuza indicated that he may be visiting the drought-stricken Northern Cape to determine for himself the extent of the drought and the conditions in which the farmers find themselves. The Department is guilty..
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Angry police officers threatened to go on strike over a contentious promotions agreement
SA Airline shocks the country after flight incident – faulty, secondhand component of Mango Boeing turns passengers’ flight into nightmare
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An investigation into a flight incident which occurred on a Mango Boeing 737 aircraft has unearthed the extent of South African Airways’ problems, according to a report in the Sunday Times. Passengers on a recent Mango flight from Johannesburg to Cape Town were terrified when the aircraft suddenly nosedived, forcing the pilot to make an..
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184 staff members of the Gauteng Health Services own private businesses and trade with government departments
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It has been revealed that 184 staff members of the Gauteng Health Services own private businesses that trade with government departments including the Health Department. These services include medical supplies, food, publications, funerals and even emergency services. Unconfirmed reports state that staff are sometimes in the “good position” to decide for themselves that the Health..
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Bankrupt SABC gets R2.1 billion bailout to continue mismanagement, CEO receives excessive amount of R3.9 million for 9 months of work
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Communications Minister Stella Ndabeni Abrahams has just announced that the SABC will receive R2.1bn as part of a R3.2bn bailout. The ANC regime is pumping billions of rand into the ineffective SOE and has now been warned that no further aid will be provided. The struggling national broadcaster once again got money from the state..
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LETTER: We were sold out in 1994 – ANC ruined our education system
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LETTER – We were sold out in 1994. For 25 years we’ve been ruled by an ANC that could and did shun all other parties as long as it kept its majority and worked within the confines of our Constitution. The ANC has an abusive relationship with the masses who keep it in political power,..
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Ramaphosa signs Internet censorship bill into law – there will be a definite potential for abuse in terms of infringement of free speech
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President Cyril Ramaphosa has signed off a number of major new laws – including the controversial ‘internet censorship bill’. In a statement on Wednesday (2 October), the presidency said that the new laws include: Overvaal Resorts Limited Repeal Bill; The Property Practitioners Bill; Electronic Deeds Registration Systems Bill; Film and Publications Amendment Bill. It was..
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Trade unions are rejecting ANC’s plans to sell non-performing SOE’s
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All indications are that the ANC is prepared to execute the Tito Mboweni plan and sell the non-performing entities. For the ANC it is like swallowing a prickly pear with thorns and all, because it is a testament to their inability to run certain entities profitably. The Ramaphosa government faces an enormous fiscal dilemma, and..
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SA: The Land of Destruction – With 57 murders each day, the country is more unsafe than war-ravaged Syria
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South Africa is known as a country where violence is the dominant element that is wreaking havoc on thousands of people’s lives. In one way or another, every reader has already been struck by the barbaric violence that just cannot be stopped by the regime. Home burglaries are the most common crime, and because the..
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