In a study published last week, the Fitch credit rating agency has warned the ANC government, which is still reluctant to consider public sector salary demands for the next three-year term, over it’s inability to exercise control over spending, which could lead to further budget problems.
Continue reading…
Fitch Rating Agency Warns ANC Regime over Uncontrolled Spending and Unproductive Public Sector Salaries!
Posted on Leave a comment
Warning! SAA Strike will intensify – Talks between National carrier and striking unions collapse
Posted on Leave a comment
JOHANNESBURG – Talks between South African Airways (SAA) management and striking workers have collapsed. Union leaders briefed the media and workers after the parties met on Saturday in an attempt to resolve the strike which began on Friday. Workers are demanding an 8%wage increase while SAA is offering 5.9%. According to the National Union for..
Continue reading…
The SABC wants to increase your TV licence fees- But who are actually still paying for this service that only caters for a certain group of people?
Posted on Leave a comment
The South African Broadcasting Corporation (SABC) is looking at increasing its TV licence fees as the embattled state broadcaster continues to face financial challenges. In a parliamentary presentation on 28 August, the SABC said that it has drafted and sent a proposal to increases TV licences fees to communications minister, Stella Ndabeni-Abrahams. However, SABC board..
Continue reading…
Consumers face 80% electricity tariff hike to save Eskom from their self-inflicted mess
Posted on Leave a comment
Eskom has announced that they will put a four-point plan in place to get out of their self inflicted mess. They will firstly obtain an 80% increase in electricity through a court order, and secondly they will unbundle the entity. Third, Eskom will introduce savings measures. However, it is not indicated how and what savings..
Continue reading…
Petrol Price expected to go up 7 cents for 95 octane and 4 cents for 93 grade
Posted on Leave a comment
The latest data from the Central Energy Fund (CEF) points to a flat month in August for petrol prices – though there may be good news for diesel drivers. At mid-month, the group is showing a small increase in both grades of petrol for August, with pump prices expected to go up 7 cents per..
Continue reading…
ANC-regime still denying that farm attacks and murder is a problem – Increase and brutality of SA farm attacks escalated by 60% between 1999 and 2019
Posted on Leave a comment
Farm attacks rise by 60% over the past decade – TAU SA announces semi-annual agricultural crime figures. TAU SA is extremely concerned about the increase and brutality of farm attacks in South Africa, with a 60% increase over the past decade. These statistics were announced today during the organization’s announcement of farm attack and murder..
Continue reading…
Humour has it that ANC regime can reduce SA’s debt burden by increasing VAT to 20% – nobody is keeping pace with the fact that corruption are the cause of state debt
Posted on Leave a comment
The government should increase the VAT rate by at least 5% to reduce the debt burden in the provincial roads’ maintenance account which is now six times higher than the province’s expenditure. Reports indicate that the South African roads, which are in a dire state, are now desperately seeking funds since there is was already..
Continue reading…
Amcu workers inks R14 000 deal – most of the labourers did not even pass Grade 12 – what a huge remuneration for unskilled workers
Posted on Leave a comment
The Association of Mineworkers and Construction Union (Amcu) has signed a wage agreement with Rustenburg-based Siyanda Bakgatla Platinum Mine, which will see miners paid a basic wage of R14 309 a month in the third year of a three-year agreement. This is substantially less than the R17 000 a month Amcu is demanding from major employers Anglo..
Continue reading…
Food prices to increase again: If we’re not paying over the odds for our petrol, we’re being asked to fork out more for our groceries
Posted on Leave a comment
The latest industry data suggests that food prices in South Africa will be increasing soon. Here’s what has caused the unsavoury inflation for our groceries. f we’re not paying over the odds for our petrol, we’re being asked to fork out more for our groceries. Data shared by economist Wandile Sihlobo and the Consumer Price..
Continue reading…
Struggling SARS is being burdened by striking staff who insist on higher wages – this act could cripple the economy even further
Posted on Leave a comment
The struggling SA Revenue Service (SARS) is being pushed even more into the mud with staff who stop striking higher wages. With unions behind the strikes, SARS is now in its third working day of strike and all the bigger offices are affected. The union’s supporters demand an increase of over 11% while the employer..
Continue reading…
Brace for impact, everybody – Petrol price set for a massive increase – Wonder if there is any truth in the saying, that every time the ANC-regime needs money, they raise the petrol price?
Posted on Leave a comment
The forecast for the month ahead is a beast, as the petrol price is set for second consecutive major increase in April. They’ve got us by the gas pumps, here. Data released by the Central Energy Fund (CEF) this week suggests that the petrol price increase for April 2019 could hit South Africa with tremendous..
Continue reading…
SA taxpayers will now have to fork out an extra R9 million over the next three years, in the face of tough economic challenges, to sustain the Zulu King Goodwill Zwelithini’s lavish lifestyle
Posted on Leave a comment
The budget for Zulu King Goodwill Zwelithini’s royal household has become a sticking point over the years.
As KwaZulu-Natal’s Treasury continues to trim the fat within the provincial fiscus in line with Finance Minister Tito Mboweni’s austerity measures, Zulu King Goodwill Zwelithini’s royal household budget will see an estimated increase of about R9 million over the next three years, bringing his overall budget allocation to R75 million.
KwaZulu-Natal Finance MEC Belinda Scott delivered the provincial Budget for the medium-term expenditure in the Legislature in Pietermaritzburg on Thursday afternoon.
Over R130 billion has been allocated in the fiscus for the 2019/2020 budget period.
The budget for King Zwelithini’s royal household has become a sticking point over the years, with an outcry over what the money for this item in the fiscus gets used for in the face of tough economic challenges.
For the 2019/2020 budget period, the royal house budg
Continue reading…
When it came to a choice between helping pensioners, who are struggling to make ends meet or bailing out South African Express Airways, the ANC and EFF chose to bail out the latter
Posted on Leave a comment
The DA proposed five amendments to the Adjustments Appropriation Bill [B35-2018] to support senior citizens, improve road maintenance and improve rail transport. The political party specifically proposed an increase in the appropriation of Department of Social Development [Vote No. 17] of R1.2 billion to provide the 3.5 million beneficiaries of the old age grant with..
Continue reading…
Consumers are warned of second increase in VAT to make up for shortfalls that were stolen by ANC-politicians
Posted on Leave a comment
With the new finance minister set to deliver the medium-term budget policy statement later this month, tax experts have warned of a likely increase in VAT in the coming year. Former SA Reserve Bank governor Tito Mboweni was sworn in as finance minister this week, following the resignation of Nhlanhla Nene. Bernard Sacks of Mazars,..
Continue reading…
South Africans will experience the biggest increase in fuel prices in the history of SA in October
Posted on Leave a comment
The AA predicts that gasoline will rise by R1,01 while diesel will rise by a solid R1,24 on 3 October. This will be the biggest increase in fuel prices in the history of SA. The AA states that the increase will reach almost R2.5 billion a month from the economy – an economy that is..
Continue reading…