In a presentation to the Standing Committee of Finance on Tuesday (5 February), Treasury warned that a number of recent banking failures – including the failures of African Bank and VBS Mutual Bank – showed that a banking licence should not be handed out lightly. It also warned of previous issues with state-owned banks, highlighting..
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South Africa’s new state-owned bank could be a big R7 billion mistake, National Treasury has warned of the possible harmful effects of introducing a state-owned bank into South Africa’s current financial system
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SAA pay Comair R1,1 billion, where does the bankrupt state entity get the money from?
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SAA conceded that it had violated the Competition Act and announced that it would pay R1,1 billion to Comair. The dispute has been in existence for a period of 10 years after SAA’s travel agents operated bonus schemes. The bonus systems were against the rules of the Competition Council, and Comair has set a claim..
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According to Senzo Mchunu, one of ANC president Cyril Ramaphosa’s confidantes, black managers are too blame for the bankrupt Eskom
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An ANC member of the party’s National Executive Committee, Senzo Mchunu, says it is black executives who are responsible for the condition at Eskom. He says all that they have achieved was to do well in the failures. Senzo Mchunu is one of ANC president Cyril Ramaphosa’s confidantes who are now out against Eskom’s “black..
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Grahamstown’s thirst caused by inept officials and misrule from the ANC-regime
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In the sweltering early morning heat, the fresh springwater glistens as it trickles from a pipe at the side of the N2 highway near Makhanda, formerly known as Grahamstown. Cars whoosh by, and the sandy ground crunches underfoot as residents head for the water. Many come from the town centre, with their cars loaded up..
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SA motorists brace yourself for big fuel tax increases the coming months – seems like the ANC-regime wants to recoup their loses by taxing you more on fuel levies
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Minister of Finance, Tito Mboweni, will deliver the Budget Speech 2019 in Cape Town on 20 February. Expectations are high that he will balance competing expenditure priorities to stimulate economic growth in spite of fiscal consolidation measures. However, the former central banker’s task is formidable and he will likely have a difficult balancing act on..
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Motsoaledi: We can’t wait to improve healthcare before implementing NHI
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Government does not believe it can wait until the healthcare system is improved before implementing national health insurance, Health Minister Aaron Motsoaledi has said.
The minister was speaking at a briefing at Tuynhuys, Parliament, where the report of the outcomes of the presidential health summit, held late last year, was released.
During his address on Tuesday, Motsoaledi said government would be taking significant steps towards implementing universal healthcare.
Last week, president Cyril Ramaphosa said that the National Health Insurance Bill would be tabled before Parliament this year.
NHI will ensure that South Africans can receive free health services at the point of care at both public and private quality-accredited healthcare service providers, Motsoaledi said.
NHI is a proposed state-run health financing system that aims to pool funds to provide access to quality health services for all South Africans regardless of their economic status.
BE WARNED SOUTH-AFRICANS!! After the load-shedding come water shortages – Still people will be voting for the ANC this coming election
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It’s not just load-shedding you have to worry about, the city of Johannesburg has warned. You could also be in for water cuts. The metro warned that water shortages could follow load-shedding. “As we continue to experience load-shedding across the country, Johannesburg Water is working alongside City Power to ensure that residents do not have..
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ANC has been accused of exploiting land expropriation without compensation issue as an electoral tool to garner votes – this political party suddenly decides land issue is urgent and must be tackled before election
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ANC chief whip Jackson Mthembu has made an about-turn by announcing on Tuesday that parliament will begin the process of amending the constitution in this current term. Mthembu was addressing the joint sitting of parliament debating President Cyril Ramaphosa’s state of the nation address. “We are fast-tracking land reform by implementing our resolution on the..
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ANC regime announces that experts from Italy have been called in to restore poor service to Eskom, while South Africa is swarming with extremely capable whites who can do the job
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Minister Pravin Gordhan’s nine-point plan to get the bankrupt Eskom back on track are welcomed by industrialists and businessmen who are currently deeply concerned about the extremely poor functioning of this state entity. An expert dealing with the dilapidated Eskom says the minister’s plans can contribute to possible recovery of Eskom. He says although it..
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What did South-Africans used before candles? Electricity! – Eskom is apparently technically bankrupt and its R420bn debt currently accounts for 15% of the country’s debt – will no longer exist at the current projection by April 2019
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The Portfolio Committee of Public Enterprises heard at the hearing of the Department of Public Entities that Eskom was “technically bankrupt”. Eskom will no longer exist at the current projection by April 2019. The power supply’s R420bn debt burden currently accounts for 15% of the country’s debt and its revenue has increased fourfold since 2007..
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ANC president builds poor record due to numerous occasions where he has been caught distorting the truth, now Ramaphosa refuses to show the contract between his son and Bosasa
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President Cyril Ramaphosa refused the opposition party’s request to disclose the contract between his son, Andile Ramaphosa and Bosasa. Opposition parties claim that its refusal indicates that the contract does not exist and the president has once again lied. Observers reckon that he is becoming increasingly entangled with all the untruths and denials that further..
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The National Health Insurance Act which will soon be put proposed, to provide free health care to everyone, regardless of where they are calling for medical care, will lead to chaos in private hospitals and may finally break the country’s economy
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According to President Cyril Ramaphosa, it is clear that the country’s health care is in crisis and needs rehabilitation. More than 75% of state hospitals budget goes for salaries that are severely affected by patients who are not receiving proper treatment due to a money shortage. According to Ramaphosa, the National Health Insurance Act will..
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Motsoaledi swyg oor proses met NGV-wet – paneel wat die markondersoek na die private gesondheidsbedryf lei, se werk is opgeskort tot in die nuwe boekjaar omdat die geld glo opgeraak het om hulle te betaal
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Motsoaledi het Dinsdag op ’n mediakonferensie waar ’n verslag oor die beraadslaging op ’n spitsberaad oor die krisis in die gesondheidsorgsektor uitgereik is, nie die vraag beantwoord oor of die kabinet die NGV-wetsontwerp al goedgekeur het nie.
Wag en wees geduldig, was dr. Aaron Motsoaledi, minister van gesondheid, se antwoord op ’n vraag oor hoe ver die wetsontwerp oor nasionale gesondheidsversekering (NGV) van klaar is voordat dit in die parlement ter tafel gelê word.
Hy het ook te kenne gegee die oponthoud met die markondersoek na die private gesondheidsbedryf hou tans die wysigingswetsontwerp oor die Wet op Mediese Fondse terug.
“Die benadering was nog altyd wanneer alles klaar is, gaan dit parlement toe en dan word ’n aankondiging gemaak. Dis hoe dit met alle wetsontwerpe is. Ek verstaan nie hoekom dit nou anders moet wees nie,” het Motsoaledi gesê.
Popo Maja, sy woordvoerder, het in Desember bevestig dat die wetsontwerp aan die kabin
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Medupi units drowning in ash as contractor forced to withdraw – Shows Eskom’s failure to operate the plant at the completed units properly – Just one more accomplishment of the ANC- regime
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The five power generation units at Eskom’s troubled new Medupi power station that have been operational are drowning in ash after Clyde Bergemann Africa (CBZ), which was contracted to supply and construct the dust handling units, withdrew its staff from the power station. CBZ managing director Jeremy Kirsch confirmed to Moneyweb on Monday that the..
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Eskom’s prior request for tariff hike slammed: Eskom’s stage 4 load shedding is a direct attempt to sabotage, and blackmail SA – Ordinary citizens are becoming the scapegoat to foot the bill of its complete and utter failures and lack of planning
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The South African Communist Party says Eskom’s management is rolling out massive blackouts in an attempt to blackmail South Africans to accept privatisation of the power utility. Eskom resumed with loadshedding for the first time this year on Sunday. Power cuts continued yesterday and Tuesday after a failure of generating units. “The management of Eskom,..
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