Category Archives: Business & Economy

Zuma’s salary increase approved

President Jacob Zuma’s salary increase has been approved, even after opposition parties fought against it, EWN reports.

President Jacob Zuma. (GCIS)

President Jacob Zuma. (GCIS)

In January, the Independent Commission on the Remuneration of Public Office Bearers recommended a 5% increase for all office bearers, including the president, deputy president, ministers, deputy ministers and members of parliament, and came before the National Assembly on Thursday for approval.

Eskom to pay law firm R22m to tell them why they have financial woes

R22m budget for Eskom inquiry

Parliament – R22 million has been allocated for multi-national law firm Denton’s three-month inquiry into Eskom’s financial woes, Public Enterprises Minister Lynne Brown said on Monday.

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“The costs have been capped at R22 million,” the minister said in response to a written parliamentary question by the Freedom Front Plus.

Nkandla: the edge of a threshold

THE production of a 50-page document by Police Minister Nathi Nhleko, in which he effectively overturns the 450-odd pages Public Protector Thuli Madonsela took to arrive at her conclusion that President Jacob Zuma had unlawfully benefited from the Nkandla security upgrades, raises many profound questions of law and democratic order.
Police Minister Nathi Nhleko’s report on Nkandla, which effectively overturns the public protector’s report, raises many profound questions of law and democratic order. Picture: NTSWE MOKOENA

Police Minister Nathi Nhleko’s report on Nkandla, which effectively overturns the public protector’s report, raises many profound questions of law and democratic order. Picture: NTSWE MOKOENA

Did 34% of households have access to electricity in 1994?

President Jacob Zuma claims that 34% of households had access to electricity in 1994. Available data suggests he is wrong. By 1994 it was about 50%.

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As the lights flicker on and off in South Africa, government has come under increasing pressure to resolve and account for the “electricity crisis”.

Let’s be honest about radical transformation

‘Radical economic transformation’ is the mantra South Africans will hear more and more as the political climate heats up and the contestation for power escalates.

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All the parties and politicians exclaiming this slogan explain that this drastic action is necessary because the levels of poverty and unemployment are far too high, too few have a real stake in the economy and the inequality in society is dangerous.

Mugabe to compensate white farmers for land grabs

In a bid to make amends for his controversial land reform policy, Zimbabwe President Robert Mugabe is set to collect land rentals from new black farmers to help compensate white farmers whose land was seized by his government.

Zimbabwe's President Robert Mugabe (L) looks on in Domodedovo airport after arriving in Moscow, Russia to join the celebrations of the 70th Anniversary of Victory in the Great Patriotic War of 1941-1945, May 8, 2015.  Image: RIA NOVOSTI REUTERS

Zimbabwe’s President Robert Mugabe (L) looks on in Domodedovo airport after arriving in Moscow, Russia to join the celebrations of the 70th Anniversary of Victory in the Great Patriotic War of 1941-1945, May 8, 2015.
Image: RIA NOVOSTI REUTERS

Watch: The Zimbabwean Trillion Dollar campaign – real money for wallpaper

Zimbabwean newspaper campaign turns worthless banknotes into gold

2009 Campaign to boost sales of the Zimbabwean using useless currency wins top award at Cannes Lions advertising festival.
Showing the world how a currency collapses – Where South Africa, UK and even America is heading if they continue to follow the same recipe.

Let’s also talk about the ANC’s atrocities

Ernst Roets says we need to weed out double standards from our discussions of past and present

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Flip Buys recently wrote that Afrikaners need to take a stronger stand against the criminalisation of their history. Of course, this is a taboo subject and any person who dares to contextualise apartheid, receives the label of racist.

Worrying news for SA Farmers – AGOA A POTENTIAL NO-GO FOR SOUTH AFRICA?

President Jacob Zuma has claimed the US African Growth and Opportunity Act (Agoa) is “all systems go”, but there is growing uncertainty over its renewal.

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South Africa’s inclusion in the agreement, which governs duty- free trade between the US and sub-Saharan Africa, is shaky.

ANC KZN councillor disciplined for bid to stop graft

Durban – A Harry Gwala district municipality councillor has incurred the wrath of his party by trying to prevent what he describes as wide-scale “looting of public funds”.

Mandla Ngcobo (The Witness)

Mandla Ngcobo (The Witness)

Instead of supporting Mandla Ngcobo’s efforts, the ANC disciplined him for sowing division within the party, prompting his resignation as speaker of the southern KwaZulu-Natal municipality at a council meeting in March.