• Trump buys SA Inc for R3bn

    Afbekistan - US Republican presidential candidate Donald Trump has bought out all of South Africa for R3 billion, sources close to the deal say. The move comes as Trump’s hopes of winning the next election in the United States, set for later this year, fade. The multi-billionaire, whose net worth is pegged at $4 billion - or around R59 trillion - is said to have met with President Jacob Zuma earlier this month in a bid to secure SA Inc. His purchase of all of SA comes in the midst of several probes into the so-called state capture saga in which the Gupta family is alleged to have offered several government ministers high-profile positions and also to have abused their close ties with Zuma. This

    Independent Online q
  • Cyril, it's time to pick a side

    I expected it to last. The election afterglow, I mean. The “collision” negotiations barely concluded, and then boom, before you knew it, the Sars wars had resumed without even giving the EFF two days to enjoy their “kingmaker” status. It was straight back to the usual destruction of the country’s institutions. Business as (un)usual. So Pravin Gordhan has been thrust back into the limelight, kicking and screaming. But the markets don’t like it when our minister of finance kicks and screams. They prefer him in the background – but some those in charge don’t appear to care that the rand is reasonably important. The markets, that amorphous mass of invisible investors who love stability, are not kind

    The Citizen q
  • Second Earth found, and it could be home to ET

    London - British astronomers have discovered the nearest Earth-like planet that could be home to alien life. Named Proxima b, it orbits Proxima Centauri, the closest star to our sun. At 4.2 light years away, in space terms it is right on the doorstep – and high speed spaceships now being devised could reach it within decades. In time, scientists say, the rocky planet 1.3 times the size of Earth could even be colonised by space travellers. Proxima b is thought to be only 4.7million miles from its star, one-twentieth of the Earth’s distance from the Sun. Its year lasts just 11.2 of our days. One side may be perpetually stuck in daytime, while the other experiences perpetual night. But Proxima Centauri,

    Independent Online q
  • I'm prepared to die to save SA from the thieves, says Gordhan

    A defiant Gordhan promised that he would never back down from fighting corruption. The embattled finance minister also told hundreds of Treasury staff members he was aware of speculation over a cabinet reshuffle. "He said ministers come and go and we must just commit to work with whoever is the minister of finance," said a Treasury employee who was at a staff meeting addressed by Gordhan in Pretoria on Friday afternoon. "He said we didn't think what happened to Nhlanhla Nene could happen, but it happened," said another source. A third source said: "He said this is part of a bigger political battle. Don't be surprised if me and the deputy minister [Mcebisi Jonas] are removed this weekend". Gordhan

    Sunday Times q
  • Thabo Mbeki's full letter on Zuma, Nkandla and the Constitutional Court

    The Big Read: Zuma acts the chief, scorns our rule of law The court ruled that Zuma had failed to uphold the Constitution by ignoring orders from the Public Protector that he repay some of the $16 million in state funds spent to renovate his residence at Nkandla. No duty to defend JZ, says Gwede Here is former President Thabo Mbeki's full letter on the issue: On 31 March, 2016, Chief Justice Mogoeng Mogoeng conveyed the unanimous decision of the Constitutional Court (ConCourt) in the matter of “Economic Freedom Fighters v Speaker of the National Assembly and Others; Democratic Alliance v Speaker of the National Assembly and Others [2016] ZACC 11.” This decision has evoked much understandable

    Times LIVE q
  • US sees the rand plummeting against the dollar by the end of 2016

    THE rand will have weakened to R16/$ by the end of 2016 due to SA’s rising political risk premium, Bank of America Merrill Lynch said in a research note on Friday. The rand recovered about 0.65% to R14.12/$ at 1.42pm ahead of US Federal Reserve chair Janet Yellen’s speech scheduled for 4pm SA time at the Jackson Hole banking conference in Wyoming. Since Monday, the rand has lost about 4% on the Hawks demanding Finance Minister Pravin Gordhan appear at its offices at noon on Thursday for a warning — a summons Gordhan did not heed following advice from his lawyers. Gordhan’s summons was widely interpreted as an attempt by President Jacob Zuma to replace him with a more malleable finance minister.

    Business Day Live q
  • New move against Gordhan suggests South Africa’s laws are under threat

    South Africa’s elite police unit, the Directorate for Priority Crime Investigation also know as the Hawks, this week summoned the country’s Finance Minister Pravin Gordhan to appear at its offices to receive a warning statement. The minister is reportedly the prime target of a Hawks investigation into an alleged rogue South African Revenue Service intelligence-gathering unit. Gordhan refused. Most observers see this as part of a plot to oust Gordhan as the country’s finance minster and that the Hawks are acting at the behest of President Jacob Zuma. The Conversation Africa’s Charles Leonard asked Raymond Suttner to make sense of it all. What is behind this battle between the Hawks and Pravin

    Sowetan LIVE q
  • Purpose of ANC’s Monty Python squad is clear

    I HAVE experience in uselessness. At school, where I was a useless scholar, I was acquainted with schoolmasters who, outside of drinking whiskey, caning and playing with themselves in pursuit of breaking world records, were utterly useless. Every day in summer in London I pass men who spit on pavements then text on their phones and accidentally walk into lampposts and scream. George Osborne, Remain voters, Belgians, Oscar Pistorius’ running spikes, Wayne Rooney’s hairplugs, Piers Morgan, the Cape Times — all glowing examples of extreme uselessness. But I have never seen anything more useless than the MPs the ANC assembled from its ranks to appoint Public Protector Thuli Madonsela’s replacement.

    Business Day Live q
  • Steven Pienaar urges patience with David Moyes at Sunderland

    The ex-Everton pair reunited earlier this month when Pienaar signed a short-term contract with Sunderland who are still looking for their first win of the Premier League season. They are among the bottom three in the league table after defeats by Manchester City and north-east rivals Middlesbrough in their first two league matches. "David (Moyes) is definitely the man to get it right," South African Pienaar told British media. "You can't forget he's only come into Sunderland in the middle of pre-season. He's still getting used to the players here and he's got a lot of young players but he will definitely build a solid foundation. "He's definitely a safe pair of hands. And, at Everton, he often

    Times LIVE q
  • Ndlozi takes a break from politics to focus on his books

    The People’s Bae is taking a break. The Economic Freedom Fighters (EFF) announced on Friday that national spokesperson Mbuyiseni Ndlozi “will be on study leave effective immediately‚ till 1 November 2016”. “Commissar Fana Mokoena has therefore been appointed to the position of acting national spokesperson until Commissar Ndlozi can resume his duties in November‚” it said in a statement. As well as being known for his hard-hitting‚ and often humorous‚ press statements‚ Ndlozi’s personality and good looks have garnered him a huge female fan following. He brushed this off earlier this year in an interview with Drum magazine‚ saying: “I don’t know what to think of it. I’m not going to engage it because

    Sowetan LIVE q
  • No black like me in the DA

    Firstly, the Democratic Alliance (DA) needs to be congratulated for scooping three metros: Tshwane, Johannesburg, and the Nelson Mandela Bay, which have long been held by the ANC. Twenty-two years into democracy, the community of Alexandra, which neighbours the plush Sandton, is still embarrassingly shanty. Sixty-one years after the “adoption” of the Freedom Charter, the people of Kliptown still live in abject poverty. The ANC inarguably didn’t cover itself in complete glory when it comes to service delivery. And Now the DA has a big task to overturn these dehumanising conditions, if that’s what it’s planning to do. Corruption, being the ANC’s weakest point, is what the DA hopes to eradicate.

    The Citizen q
  • Listen: Zuma 'raping government of every last cent', says Gareth Cliff

    Cliff's comments come after it emerged that Gordhan had been summoned to appear before the Hawks on Thursday about allegations related to his role in the formation and activities of the so-called "rogue unit" set up when he was head of the SA Revenue Service. Gordhan, who has maintained that the setting-up of the unit was above board and had ministerial approval, said on Wednesday afternoon that he would not be complying with the summons as advised by his legal team. Euphonik, Boity and Thembisa Mdoda to 'tell-all' on new show  Weighing in on the debate surrounding the issue, Cliff levelled accusations against Zuma claiming the president is trying to "escape with as much money as he can from

    Times LIVE q
  • The arrogance of the Hawks is unacceptable, FW de Klerk says

    FORMER president FW de Klerk has weighed in on the furore surrounding Finance Minister Pravin Gordhan. JacarandaFM reported on Friday that De Klerk‚ speaking on the sidelines of the launch of the Centre for Unity in Diversity in Johannesburg‚ said: "What is happening around the minister of finance is a tragedy." He went further to say that the "form of arrogance" displayed by the Hawks was "unacceptable". "What is happening around the minister of finance is a tragedy. He is adopting an attitude that he is guilty of nothing‚ that he has given all explanations he has been asked to give and I think he is within his rights in doing so," De Klerk said. "The way in which it is being handled and what

    Business Day Live q
  • Are prison nurses trying to kill Oscar Pistorius?

    The People's Bae is taking a break. The Economic Freedom Fighters (EFF) announced on Friday that national spokesperson Mbuyiseni Ndlozi “will be on study leave effective immediately‚ till 1 November 2016”.

    Times LIVE q
  • Guptas, don't think fronting will help you – Malema

    Leader of the Economic Freedom Fighters (EFF) Julius Malema has written on Twitter about his concern that the Gupta family’s statement that they will be selling all their shares in South Africa by the end of the year may merely be an attempt to keep trading in South Africa by other means. By selling to a company headed by someone not directly linked to the Guptas, that would be “fronting”  if that entity were still somehow indirectly controlled by the family. Malema has long been a thorn in the side of the Guptas, and he even went as far as to allege that President Jacob Zuma had personally worked as a courier using a presidential jet to deliver huge amounts of cash to the family’s new home, Dubai.

    The Citizen q
  • South Africa: Woman Caught With R5.4m Drugs at Airport

    A Johannesburg woman is expected in the Khayelitsha Priority Crimes Court on Friday after she was caught with tik worth R5.4m at Cape Town International Airport. Western Cape police spokesperson Captain FC van Wyk said the 26-year-old from Wanderers was nabbed with the foil-wrapped packages in her luggage after landing on a flight from East London on Wednesday night. "After the passengers had collected their luggage from the carousel, the border police members conducted random stop and search operations," he said. "When searching the suitcase of the woman, they found numerous parcels wrapped in tin foil and further examination led to the discovery of tik with an estimated street value of R5.4m,

    AllAfrica.com q
  • Zuma's monster cabinet to cost SA R1bn

    He has added two ministries . His cabinet is one of the biggest in the world - he has more cabinet ministers than the US, Germany and Japan, all of which have much bigger economies and broader tax bases. South Africa now has 35 ministers, each of whom earns about R2.1-million a year. T he 37 deputy ministers will each earn R1.7-million. Zuma earns about R2.62-million a year and his deputy, Cyril Ramaphosa, gets R2.36-million . Economist Mike Schussler said: "I'm not sure if a bigger cabinet is going to make a difference or just add to the cost of government." The budget for The Presidency has soared from R257-million in 2007, during president Thabo Mbeki's tenure, to R329-million in 2009. Kgalema

    Times LIVE q
  • ANC veteran tells Zuma: Go now!

    Durban - President Jacob Zuma was told, in the most forthright way, on Thursday: “Go now!” ANC veteran and former director-general of foreign affairs Sipho Pityana, speaking at the funeral of Makhenkesi Stofile at Fort Hare University, lashed Zuma and urged him to step aside. “If the president was here I would have asked him as my leader, I would have begged him, I would have prayed, saying: My big brother, Msholozi, hand over the reins!’ “The next battle cannot be led by a leader who has humiliated our organisation and undermined everything that we represent.” At the funeral Deputy President Cyril Ramaphosa became the most senior government official to publicly back Finance Minister Pravin Gordhan.

    Independent Online q
  • Twitter roasts DJ Shimza over 'EFF comments'

    Riot police in Zimbabwe fired tear gas, beat up several people and blocked off the site of an opposition demonstration on Friday, an AFP correspondent said, the latest in a string of protests to hit the country.

    Times LIVE q
  • SAA in liquidation danger

    Yakhe Kwinana‚ the former head of South African Airways’ (SAA’s) audit and risk committee who resigned earlier this week‚ says she feared the damage to her reputation‚ as the possibility of the liquidation or business rescue of SAA came into sharp focus at the end of July. Risks were heightened by a demand from Standard Bank to repay a R250m loan immediately and the September 6 deadline from the Hong Kong registrar of companies‚ which threatened to terminate routes to the city due to concerns about the airline’s financial sustainability. The registrar wants SAA to submit its financial statements. SAA urgently requires a R5bn loan guarantee from the Treasury in order to be considered a going concern and to assure lenders of its sustainability.

    Sowetan LIVE q