Three workers employed at the National Financial Assistance Scheme (NSFAS) were arrested on Wednesday on fraud charges. According to dr. Randall Carolissen, NSFAS’s executive administrator, they are all situated the Wynberg office in Cape Town and allegedly paid student allowances into their own bank accounts. Carolissen said the three allegedly requested payment from applicants so..
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Corrupt NSFAS officials steal students’ money and rob young South Africans of their opportunities for a better life
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Controversial Public Protector found that Cyril lied to parliament about R500,000 payment from Bosasa
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Public Protector Busisiwe Mkhebane found in her inquiry report that the payment of R500,000 to Ramaphose by Bosasa, was wrongful and that the president is guilty of violating the code of ethics for executive members . Ramaphosa argued the money was deposited into a trust account for services rendered by his son, Andile. Mkhebane, released..
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EFF are having a bit of a nightmare in their battle with AfriForum – Here’s how much the EFF have paid to help “stop” land expropriation
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Life comes at you fast, right? The EFF are having a bit of a nightmare in their battle with AfriForum, who have found a cunning way to use their money. The political force behind the “pay back the money” movement sure have been practising what they preach recently, even if it hasn’t been on their..
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See where your money goes! – R50 million a month is spent on salaries of 400 MP’s, some of which are sleepy in parliament, or just stay at home and do nothing on a working day
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The previous National Assembly speaker, Baleka Mbete, who was widely regarded as a somewhat inept person for the post she held, was worth R2,825,470 a year, amounting to a monthly fee of over R235,000. Then there is the deputy speaker who carries a R1,977,795 a year home that amounts to about R165,000 a month. The..
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Eskom in deep trouble as China withholds crucial R7-billion loan – partial loan to be paid out by China to bankrupt Eskom never occurred due to fears that bankrupt state entity would use money to pay salaries
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China is withholding a R7-billion payment meant to help Eskom combat its current financial issues due to fears that the power utility will not complete its power station construction projects. According to a report in the City Press, the Chinese Development Bank (CDB) has become wary of Eskom’s promises and is concerned that it will..
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Former CEO of Transnet is sued for R79 million and he is not bothered at all by the accusations
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For the first time, Transnet has initiated legal proceedings against former chief executive Brian Molefe. In the summons issued against Molefe, Anoj Singh and Regiments Capital, the amount of more than R79 million, plus interest thereon, is claimed. Apparently, the amount of a double payment has been made and claimed back, which is now being..
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Bankrupt Mangaung Metro does not have money for service delivery, but can spend a whopping R4.5 million during a festival
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Despite assurances that the bankrupt Mangaung Metro did not give money to the Macufe Festival, Netwerk24 has reliably learned that R4.5 million has been paid to the organizers. Executive Mayor Olly Mlamleli apparently requested a R4,5 million check for payment to C-Squared. C-Squared organizes the Mangaung Arts and Cultural Festival, which has just been held..
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Apparently Zuma is not the only one with a counting problem – It seems that NSFAS wrongly paid R500 million to students
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It is not only Jacob Zuma who can not count because the National Student Financial Assistance Scheme has wrongly paid more than R500 million to students. This means students received more money than they should have. In addition, approximately R303 million of unauthorized expenses were incurred. The body has now issued loans to the value..
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New trend to help cash strapped SA, pay R4 if you want to use the toilet at Home Affairs
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People visiting Home Affairs in Cofimvaba near Queenstown, Eastern Cape, say security guards force them to pay R4 if they need to use the toilet. If they don’t pay, they are told to “hold it in” or use an open field nearby to relieve themselves. GroundUp visits Home Affairs in Cofimvaba, Eastern Cape This “business”..
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Eastern Cape ‘defies’ National Treasury
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The Eastern Cape government is under fire for allegedly approving the payment of more than R170-million on broadband services in a deal that was not authorised by the National Treasury. The province wants to connect its departments with fast internet to improve service delivery. More than 7‚100 sites had to be connected‚ the Daily Dispatch..
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SASSA IRREGULAR EXPENDITURE GROWS TO R1.4 BILLION
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In Sassa’s latest financial statements tabled in Parliament on Friday, the Auditor General says the agency did not take effective steps to prevent the irregular expenditure. The Auditor General has deemed the R43 million spent by the South Africa Social Security Agency (Sassa) on so-called work streams to have been irregular. In Sassa’s latest financial..
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