Late 2017, at the height of political tensions in the country, economist Dawie Roodt advised South Africans to take their money out of the country amid looming downgrades which would send the economy into another recession. While much has changed since then (including the appointment of Cyril Ramaphosa as president), Roodt still believes that many..
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Due to political tensions in the country, South Africans are advised: “If you have cash to spare, take it out of South Africa”
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The truth uncovered! – Communist ANC received R2 million as a donation from VBS Mutual Bank
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The media claims that the ANC received R2 million as a donation from VBS Mutual Bank’s. The communist ANC responded by saying that they are only aware of a R250,000 donation to buy a table during the party’s birthday. Observers states if what appeared in the media is indeed true, the money must be refunded…
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KwaZulu-Natal landowners do not seek land but money – no wonder prosperous farms are ruined as soon as land is transferred to black beneficiaries
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Land allocated to local communities after land claim is now the focus of a dispute between the owners, the state and the Ingonyama Trust of Zwelithini. After several lands claim has been granted, the 30 owners of 11,000 hectares of land, worth R3 billion, want to sell it to the ANC-government for R760 million. This..
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Borders remain open playground for illicit trading and possible invasion – R50bn needed by SANDF to protect South Africa’s borders
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Until National Treasury forks out R50billion to the SANDF, the country’s borders will remain an open playground for illicit trading – and even a possible invasion. This was the grim picture painted by the Chief of the South African army Lieutenant-General, Lindile Yam. He was speaking at the annual media breakfast at the Army College..
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The naked truth about land reform in SA – successful land claimers prefer to take money and not land
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Since 1994, the state has acquired a total of 8.2 million hectares of land in the land reform process during restitution and redistribution. This process has costs the country up to R39,2 billion. Of these, claimants in 93% of all successful land claims chose to take money and not land. This statistic, obtained from government..
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112 Municipalities won’t have enough money to cover their expenses
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The majority of municipalities which won’t have enough money to cover their expenses are in Limpopo, followed by the Northern Cape and KwaZulu-Natal.
It’s emerged more than 40% of municipalities don’t have the money to carry out service delivery plans for the current financial year.
New grant system off to a smooth start
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JOHANNESBURG – Social grant payments have got off to a smooth start, despite increased bank charges.
Social Development Minister Susan Shabangu visited several pay points in the Vaal and Sebokeng region on Tuesday
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Once again, Zuma to pay back the money
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President Cyril Ramaphosa confirmed in the National Assembly on Thursday a total of R15.3-million was spent by government on Zuma’s “personal legal costs” since 2006.
The president said that R7.5-million was spent in the period of 2006 to 2009, which was when the spy tapes charges against Zuma were withdrawn
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It is OK to abuse tax money as long as you beat a ‘deadline’ when a new law comes into effect
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Public officials who abused taxpayers’ money to get themselves government tenders amounting to R48 million are legally off the hook. More than 200 state employees, who were reported to management for dodgy dealings, couldn’t be touched because a new law hadn’t come into effect yet. And government can’t do anything about it, according to Eugene..
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