EFF leader Julius Malema shades president Ramaphosa and Economic strategy plan

Reacting to the proposed Economic strategy proposed plan, the leader of the Economic Freedom Fighters (EFF) Julius Malema has accused president Ramaphosa and his allies of trying to profit from state-owned assets, claiming that the president’s move will destroy the economy. The EFF leader also said Ramaphosa is incapable of fixing the country’s economy, even …

Proposed Economy plan receives another blow from the Minister of Mineral Resources and Energy

The criticisms have not stopped rolling in for the finance minister Tito Mboweni and his proposed economic plan. The latest to shade the plan is minster for mineral resources and energy Gwede Mantashe. The finance minister had suggested in his plan that Eskom could sell some coal-powered plants to raise R450-billion; but the mineral resources …

President Ramaphosa speaks about climate change at TICAD summit in Japan

The Amazon that has been burning for more than two weeks in Brazil has gotten the world’s attention. As the fire continues to raze down the amazon, president Ramaphosa has emphasised the serious threat posed to Africa by climate change, while addressing the Tokyo International Conference on African Development He said “While the African continent …

President Ramaphosa instructs investigation into Passenger Rail Agency

The allegations of maladministration levied at the Passenger Rail Agency of South Africa has been referred to the state’s special investigating unit by president Ramaphosa. The ingestigation unit is mandated to probe allegations of improper or unlawful conduct by employees, unlawful appropriation or expenditure of public money, irregular procurement and more, according to a notice …

EFF- economic growth proposal is ‘imperialism in action’

The economic growth proposal released by the finance minister Tito Mboweni is still receiving critiisms from opposition parties as EFF joined the train. Floyd Shivambu the deputy president of the Economic Freedom Fighter has also nailed the minister’s plan saying it is an “imperialism in action”. The minister unmasked the economic growth plan on Tuesday …

ANC KZN set to defend its decision on Gumede at the national level

The controversial mayor of eThekwini Zandile Gumede seem not to be backing down even after withdrawing her resignation letter as she has complained to Luthuli House that the ANC in KwaZulu-Natal has treated her unfairly in the process that led to her removal. The Confrontational mayor withdrew her resignation on Wednesday following a meeting with …

HAWKS SET TO RECOVER LOOTS EMBEZZLED BY VBS EXECUTIVES

The south africa’s directorate for priority crime Investigation (DPCI) which targets organized crime, economic crime, corruption, and other serious crime porpularly known as the hawks is making strong move to recover hidden assets from former VBS Mutual Bank executives. The Hawks confirmed they would continue investigating the country’s biggest bank heist following the final sequestration …

EFF – proposed economic plan by minister of finance drafted by consultants

The Economic Freedom Fighters EFF have openly criticized the economy proposals presented by the minister of finance  Tito Mboweni’s. The EFF’s deputy president, Floyd Shivambu says the proposal appears to be drafted by consultants. The deputy president of the party said the proposal proposes reviewing regulations on everything from fuel to banking and suggests ways …

SABC reveals it owes suppliers R1.8bn

The South African Broadcasting Corporation, financial problems continues to escalate after the public broadcaster revealed it owed creditors R1.8 billion. The SABC Board and executive management told MPs on Tuesday it was not out of the financial crisis and National Treasury has not yet injected the cash. Bongumusa Makhathini, the chairperson of SABC Board said …

National Student Financial Aid Scheme records positive U-turn

Randall Carolissen, the National Student Financial Aid Scheme (NSFAS) administrator earlier today told members of Parliament (MPs) the embattled entity had improved to the point where it was able to handle double the number of applicants in the space of a year. The administrator submitted figures to the portfolio committee on higher education showing that …