There has been talk for some time now about the National Health Insurance (NHI) and how it will be funded. In his Budget Speech in February 2017, former finance minister, Pravin Gordhan, alluded to an adjustment to medical tax credits to partly fund the system. “The rationale behind replacing the tax deduction system with the..
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Medical tax credits to go?
National Treasury captured by Finance Minister Gigaba?
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Officials in the Treasury accused the finance minister, Malusi Gigaba, of hijacking the treasury by running a parallel administration. This he did by appointing about 20 confidants in his office. In this public attack on Gigaba, it is claimed that he decided to delay a forensic investigation into Eskom contracts with Tegata. The allegation also..
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SAA cash crunch deepens as suppliers have still not been paid
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South African Airways (SAA) appears to have exhausted its available cash reserves following news that suppliers have still not been paid for work done in July. The airline has thirty-day terms with a number of suppliers that provide essential services to it. They had not been paid at the end of last week, a week..
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Nightmares have a name, and it’s called Eskom – electricity price hike submitted to National Treasury
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This madness has got to stop.For many South Africans, nightmare could become a five-letter word: Eskom. Even as in-and-out CEO Brian Molefe takes the power utility to court to challenge the decision to overturn his reappointment, Eskom is asking for eye-watering increases in electricity prices. Moneyweb has reported that Eskom wants its clients to pay..
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Breaking News: Over 12 000 “Zombie Entrepreneurs” are doing business with the SA government
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It reads like the start of a joke, but we’re afraid this one’s no laughing matter. National Treasury has discovered about 12,000 dead people in its register of companies that do business with the state. A report by the Sunday Times has revealed that there are around 12 000 people on the South African government’s..
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