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POLITICS

Sunday expose - Cyril Ramaphosa kicks Fikile Mbalula out of meeting

An exclusive Sunday expose has revealed that president Cyril Ramaphosa kicked out Mr Fixit Fikile Mbalula at the government’s Economic Sectors, Investment, Employment and Infrastructure Development (ESEID) According to sources familiar with the matter, the incident took place at a virtual meeting on Wednesday after Mbalula again showed signs of limited participation in the committee following previous complaints by his Cabinet colleagues, including Public Enterprises Minister Pravin Gordhan.

  3 days ago ago
Sunday expose - Cyril Ramaphosa kicks Fikile Mbalula out of meeting

ECONOMY-FINANCE

South Africa Debt Crisis, Former Head Of National Treasury Budget Warns

South Africa Debt crisis, the former head of the National Treasury’s budget office, Michael Sachs, has revealed that South Africa's has is having a debt crisis as if they are not even prepared about it. Because we know that of course it has been a mountain for a very long time and it's not like the ordinary members of the public have never seen this, they will basically borrowing money from the international monetary fund to cover covid 19 issies.

  6 hours ago ago
South Africa Debt Crisis, Former Head Of National Treasury Budget Warns

POLITICS

I do not fear Jacob Zuma: Former finance minister Nhlanhla Nene speaks

Former finance minister Nhlanhla Nene, who refused to be pressured into signing off on a R1-trillion nuclear deal with Russia, and then lost his job, says those who attack the rule of law in South Africa do so because they are "on the wrong side" of it.

  5 days ago ago
I do not fear Jacob Zuma: Former finance minister Nhlanhla Nene speaks

PERSONAL-INVESTING

The increase in Social Grant is insufficient, and Sassa must act (opinion)

Food prices at the supermarket are rising, people are going hungry, and our parents are only receiving a tiny amount in Social Grants. The amount of money available for social assistance must be increased promptly due to the high cost of food. Our parents are not employed, not to mention the dad-related items manufactured by Covid.

  1 month ago ago
The increase in Social Grant is insufficient, and Sassa must act (opinion)

ECONOMY-FINANCE

An Open Message From Zikalala To ANC Left South Africans In ‘Total Shock’

Assets earmarked for KwaZulu-Natal after the devastating rains are under threat of theft. In the wake of the devastating floods in KwaZulu-Natal (KZN), Premier Sihle Zikalala has assured South Africans that public funds will not be misused or taken in any way. At least R1 billion has been saved by the National Treasury for the affected areas, which are still recovering from the financial damage caused by the July revolts.

  1 month ago ago
An Open Message From Zikalala To ANC Left South Africans In ‘Total Shock’

ECONOMY-FINANCE

Govt refutes claims that it is withholding KwaZulu-Natal flood relief funds.

The government says that R1 billion for flood relief in KZN is not being held back. Instead, the money was moved around because it was part of a government plan to help in stages during a disaster. The money will also be carefully checked to make sure there is no fraud.

  8 days ago ago
Govt refutes claims that it is withholding KwaZulu-Natal flood relief funds.

ECONOMY-FINANCE

The National Treasury Has Released An Official Statement To The Public

https://www.iol.co.za/news/politics/national-treasury-says-special-appropriation-bill-for-kzn-floods-not-on-cards-yet-82e83fbf-35a3-4d10-9083-55d63a4ee696?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1651584600 Mampho Modise, senior authority in the depository, told the standing panel on assignments on Tuesday they had proactively allotted R1 billion to manage floods in KZN. Story go on beneath Advertisment There will be different assets assigned to manage the issue over the span of the year.

  19 days ago ago
The National Treasury Has Released An Official Statement To The Public

ECONOMY-FINANCE

EFF Leader Julius Malema Responds to SAA being Sold

The EFF on Monday said it had taught its attorneys to challenge the offer of misfortune making SA Airways (SAA). In February, the public authority declared it had closed the offer of a 51% interest to private consortium Takatso without uncovering the cost of the deal.

  8 days ago ago
EFF Leader Julius Malema Responds to SAA being Sold

POLITICS

Here Is Why The National Treasury Is Working Hard To Build The Parliament

https://www.iol.co.za/news/politics/national-treasury-working-with-parliament-in-rebuilding-national-legislature-after-fire-7c053b13-70ec-4230-ad61-43c748b06051?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1651586570 Senior authority in the National Treasury, Mampho Modise said on Tuesday Parliament was all the while leading an evaluation of the harm and the expense of this. Story go on underneath Advertisment She said whenever this was finished they would be in a situation to decide how to push ahead.

  21 days ago ago
Here Is Why The National Treasury Is Working Hard To Build The Parliament

ECONOMY-FINANCE

Impact of Fuel prices in SA. Opinion

How SA's fuel not entirely set in stone, assumptions for the future and what higher fuel costs mean for your ventures. South Africa's fuel costs expanded again for diesel inland, between 88c/l and 94c/l for diesel at the coast, while the cost of petroleum diminished by 12 pennies a liter on 04 May 2022.

  16 days ago ago
Impact of Fuel prices in SA. Opinion

ECONOMY-FINANCE

Here Is Why The Pravin Gordhan Is Contradicting Claimes Made By The National Treasury

https://www.iol.co.za/news/pravin-gordhan-contradicts-national-treasurys-claim-that-it-played-no-role-in-disposal-of-saa-shares-eda6268f-e82b-4f97-8182-2f1117f61ebf?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1649836035 Depository that it had no impact in the choice of the favored Strategic Equity Partner for South African Airways (SAA). This arose in a letter Gordhan kept in touch with the Standing Committee on Public Accounts (Scopa), where he explained the offer of the 51% of SAA to the private consortium Takatso.

  1 month ago ago
Here Is Why The Pravin Gordhan Is Contradicting Claimes Made By The National Treasury

POLITICS

Cyril Ramaphosa's election as ANC president saved SA

If it hadn't been for the ANC gathering in 2017 that chose Cyril Ramaphosa to succeed former president Jacob Zuma, the National Treasury would have suffered irreparable harm, according to executive of the state catch commission equity Raymond Zondo. This is because, according to section 4 of the commission's report, Zuma looked for finance clergymen, such as Douglas "Des" Van Rooyen and Malusi Gigaba, who could relay the Guptas' favors.

  25 days ago ago
Cyril Ramaphosa's election as ANC president saved SA

POLITICS

Enoch Godongwana Guns For 43 Dysfunctional Municipalities

Finance Minister Enoch Godongwana says they are sloping up endeavors to intercede in 43 dysfunctional municipalities after he wrote to premiers in the impacted areas that National Treasury would assume control over the running of the districts. This comes after National Treasury took over Enoch Mgijima region in the Eastern Cape and Mangaung in the Free State.

  7 days ago ago
Enoch Godongwana Guns For 43 Dysfunctional Municipalities

ECONOMY-FINANCE

The state has allegedly sold the majority of SAA

South Africa's choice to sell a larger part stake in the country's misfortune making public aircraft implies a continuous monetary danger to the state as the terms were slanted vigorously toward the purchaser, the National Treasury said. The better print of the arrangement that saw the Takatso Consortium take a 51% shareholding in South African Airways last year addresses a "contingent obligation", the Treasury said in an archive messaged to Parliament's Standing Committee on Public Accounts that was subsequently removed.

  14 days ago ago
The state has allegedly sold the majority of SAA

ECONOMY-FINANCE

Look What the increase in Fuel prices has done to South Africa

South Africa's fuel costs expanded again for diesel inland, between 88c/l and 94c/l for diesel at the coast, while the cost of petroleum diminished by 12 pennies a liter on 04 May 2022. The most recent fuel value declaration depends on the deficiency of diesel supply because of lower sends out from Russia as significant exporter of distillate fuel.

  17 days ago ago
Look What the increase in Fuel prices has done to South Africa

ECONOMY-FINANCE

State Capture Makes Big Report: Zondo Has Really Gone Crazy, Says Koko

Subsequent to being ensnared in the most recent portion of the State Capture Commission's report, previous Eskom CEO Matshela Koko let it all out, having a few in number words for Chief Justice Raymond Zondo. The Presidency delivered the fourth piece of the report, which zeroed in on fabulous debasement at Eskom, National Treasury and that outrageous R1 billion lodging project which neglected to make headway in the Free State.

  24 days ago ago
State Capture Makes Big Report: Zondo Has Really Gone Crazy, Says Koko

JUSTICE

Eskom sets up legal team to tackle findings in state capture report

South African kingdom-owned electricity and utility company Eskom stated on Friday that it has set up a team of prison experts to cope with the findings presented inside the fourth a part of the country capture document. This, after the modern day bankruptcy of the report changed into acquired with the aid of the office of the President on Friday and includes the try and seize Eskom, JSE-listed EOH holdings and the National Treasury.

  24 days ago ago
Eskom sets up legal team to tackle findings in state capture report

POLITICS

Cyril Ramaphosa Finally Revealed Something Crucial About His Ministerial Appointments This Evening

'No space for debasement' - Ramaphosa on reserves profited for KZN floods. Government is laying out an oversight construction to guarantee that assets assigned for the KZN floods are represented President Cyril Ramphosa says government is set to carry out various measures to forestall any of the assets assigned for the KwaZulu-Natal (KZN) floods from being plundered.

  1 month ago ago
Cyril Ramaphosa Finally Revealed Something Crucial About His Ministerial Appointments This Evening

JUSTICE

Zondo not yet ready to issue out final state report

Chief justice Raymond Zondo has critically moved toward the high court for one more expansion for the last conveyance of the state catch commission report — this opportunity to June 15. The last portion of the report was, by court request, due toward the finish of April.

  1 month ago ago
Zondo not yet ready to issue out final state report

ECONOMY-FINANCE

KZN Health Halts Maintenance Work To Pay For R200m Flood Repairs As It Waits For National Funding

The KwaZulu-Natal health division has been compelled to require arranged support and a few ventures to be postponed to channel cash from its financial plan to fix foundation harmed by the new floods. Health MEC Nomagugu Simelane expressed more than R200m will be expected for fixes when she introduced the division's 2022/2023 financial plan to the commonplace governing body on Tuesday.

  15 days ago ago
KZN Health Halts Maintenance Work To Pay For R200m Flood Repairs As It Waits For National Funding