• 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

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  • Juju and the jet plane

    Mystery tycoon Mohamed Dada, who is said to be flying ANC Youth League president Julius Malema around the country in his private jet, was awarded lucrative tenders by the Limpopo Roads Department - whose projects are managed by Malema's company. Malema's Ratanang Trust owns shares in On-Point Engineering, which scored a R52-million deal to act as "project manager" for Limpopo's roads department. This effectively gave it influence over how tenders are awarded. This week the public protector, Thuli Madonsela, launched a probe into On-Point Engineering as evidence mounted of businessmen giving kickbacks to Malema's company in return for lucrative tenders. Hawks spokesman McIntosh Polela also confirmed

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  • Sars nails Zuma’s son over fraud

    At the centre of the dispute is a raid on ATM’s cigarette manufacturing business in Pietermaritzburg in 2011. The expensive plant was imported from China. ATM was incorporated in 2009. The company is registered as manufacturing and distributing of tobacco related products. A squad of Sars officials swooped on the premises, seized goods and machinery, shutting the plant down. ATM was later allowed to operate, but the legal wrangle has continued and Zuma and his partners are now immersed in a bitter exchange with Sars officials. In legal papers which our sister paper The Sunday Independent has seen, Zuma accuses the taxman of corruption, racism and running a smear campaign against him. In an affidavit

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  • Eastern Cape ANC branches make 'Zuma-must-go' call

    The call was made in branch meetings and by the ANC Youth League at the weekend. Heated meetings in the two metros saw frustrated ANC members voicing their frustrations over Zuma's presidency. It is understood that delegates blamed Zuma's association with the Gupta family and the R246-million upgrade to his Nkandla homestead for the ANC's poor performance in the recent poll, which saw the party lose control of Nelson Mandela Bay, among others. Delegates attending the ANC Youth League general council in East London on Sunday called for Zuma's removal. The closed meeting was attended by ANC secretary-general Gwede Mantashe. Home Affairs Minister and ANC NEC member Malusi Gigaba and Eastern Cape

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  • EFF uses Pretoria girls hair protest to show up ‘scared ANC’

    The EFF used the "protest by girls at Pretoria Girls High" to attack the ANC for being "afraid to implement the wishes of our people as prescribed in the Freedom Charter which they have so boldly declared theirs". The party’s acting spokesperson‚ Fana Mokoena‚ on Monday said the "EFF applauds the young black women who protested against their school for their racist practices". "The girls are not allowed to wear their hair naturally‚ in fact they are forced to straighten it; and their indigenous languages are suppressed‚" he said. Gauteng Education MEC Panyaza Lesufi was due to visit the school to address the controversy after more than 4,500 people signed a petition calling for his intervention.

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  • WATCH: Malema to ANC: 'You can jump into the nearest hell'

    The parents of a toddler who was suffered injuries after falling into a domestic swimming pool have been given the go-ahead to fight for tens of millions of rand in damages.

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  • 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

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  • Zimbabwe: 'Hold Onto Your Money'... RBZ Warns Against Pyramid Schemes

    Social financial network MMM Global Zimbabwe is a fraudulent investment scheme and people have no legal recourse if they lose their money, the Reserve Bank of Zimbabwe has warned. The online investment pyramid scheme, effectively a Ponzi scheme relying on an accelerating number of new members to pay off the old, is simply referred to as Triple M and has in the past months seen thousands of Zimbabweans joining in a bid "to get rich quickly". In any case, the affected members have nowhere to claim back their investments. Ponzi schemes benefit their creators, as there is a seemingly endless pipeline of potential new members, but very soon the number of new members at each step has to exceed the population of the Earth, so most who join never see any money.

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  • Ndlozi takes a break from politics to hit the 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”.

    Times LIVE q
  • Why are SA companies ditching Nigeria?

    Johannesburg - Hotel and gaming group Sun International became the latest South African business to pull out of Nigeria because of weak economic growth and clashes with regulators in the west African country. In January, Nigeria's Economic and Financial Crimes Commission (EFCC) launched a probe into Sun International's initial investment in the Tourist Company of Nigeria, which owns and operates the 5-star Federal Palace hotel in Lagos. Sun International, which reported a 20 percent fall in diluted adjusted headline earnings per share (AHEPS) to 628 cents for the year to June, said the Federal Palace had been hit by slow economic growth, the low oil price, the threat from Boko Haram and a weakening

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  • OPINION: Why I won't leave the sinking ship

    Evita Bezuidenhout explains why she will not resign as a member of the ANC and leave her comrades to party. Dear Comrades I am not writing this in my personal capacity as a gogo, a citizen and a democrat, but as a member of the ANC. I have been a member since July 2014 and, as a loyal cadre, have been operational where the party has deployed me without question - in the kitchen of Luthuli House, cooking for reconciliation. I asked a simple question: “What do people think of when they see a fat politician in parliament?” They immediately think of a thin voter. And many ANC voters are poorer and thinner than ever before. All Julius Malema has to do this 2019 General Election is promise them everything

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  • 5 steps to building your wealth

    As July is Savings Month, now is the perfect time to look at practical ways in which you can achieve the wealth you need even though times are tough. Yet, there is a disturbing trend where many South Africans who are facing increasing financial pressures have become vulnerable to enticing stories of impossibly high returns offered by pyramid and Ponzi schemes. These schemes inevitably collapse, leaving investors with nothing. You must be careful to distinguish between legitimate savings and investment products offered by regulated financial institutions and schemes that make unrealistic promises where you could lose your savings without recourse. Read also: Women more likely to face poverty during

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  • PICS: Downey dethroned from top of Forbes list

    New York - Wrestler-turned-actor Dwayne Johnson topped a Forbes magazine list of the world's highest paid actors on Thursday with an estimated 2016 payday of $64.5 million. Johnson, 44, knocked Robert Downey Jr off the top spot and more than doubled his 2015 earnings, largely thanks to his action comedy Central Intelligence. Johnson, known as “The Rock” during his wrestling career, also collected advance fees from the eighth installment of the popular Fast and Furious racing movie franchise. The Forbes annual list again highlighted the pay gap between men and women in Hollywood. Earlier this week the magazine named Hunger Games star Jennifer Lawrence the world's highest paid actress for a second

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  • Gexit? Not so fast, Guptas

    Right now the Priority Crimes Investigation Unit (Hawks), which last week summoned Finance Minster Pravin Gordhan and other axed members of the SARS executive to their headquarters in Pretoria, is sitting on a massive “investigation” into the Gupta family’s alleged capture of the South African state through their relationship with President Jacob Zuma and the ANC. Huang was part of a delegation that accompanied President Zuma on a state visit to China in 2010. That same year the SARS National Research Group (NRG), led by Johann van Loggerenberg, initiated a probe into Huang’s Mpisi Trading, an import/export business. In 2012, 10 SARS officials were suspended following a joint investigation by

    Daily Maverick q
  • SAA’s latest move indicates desperation of its ‘delinquent board’

    THE move by South African Airways (SAA) to take out an advert in Sunday newspapers calling "for tenders to provide R16bn in loan funds" indicates the desperate financial position that the SAA board‚ under the leadership of Dudu Myeni‚ finds itself in. This is according to DA finance spokesperson Alf Lees said, who also said the act "reinforces the urgent need for Parliament to intervene and to have an emergency meeting with SAA". Lees said he had written to standing committee on finance chairperson Yunus Carrim "to reconsider my original request for an emergency meeting with SAA on Wednesday this week". On Friday he called for the next meeting with SAA to be brought forward in an effort to stave off the "increasingly certain" liquidation of the embattled airline — the next meeting is scheduled for September 20.

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  • Analysis: In Zimbabwe, spring is in the air

    On Friday night, after the dust from that afternoon’s ‘mega demonstration’ had settled – after the fires were put out, and the injured admitted to hospital – Robert Mugabe was in defiant mood. Speaking of the growing opposition to his regime, the Zimbabwean president said: “They are thinking that what happened in the Arab Spring is going to happen in this country, but we tell them that it is not going to happen here.” History is on Mugabe’s side. The increasingly doddery nonagenarian has been in charge of Zimbabwe for a scarcely credible 36 years, and in that time has defeated every enemy that dared to challenge his authority. This is his twisted genius: that he hangs on to power better than

    Daily Maverick q
  • Holomisa wants Gupta family to explain acquisition of business shares

    The UDM's Bantu Holomisa says it should be established if the family acquired the shares legally. Gupta family Gupta Bantu Holomisa Guptas Oakbay Investments CAPE TOWN – The United Democratic Movement (UDM) says the Gupta family should explain how it acquired shares in South African businesses before they are sold off. At the weekend, the family, which has courted controversy through allegations of state capture, announced its plans to sell all its local shares before the end of the year. UDM leader Bantu Holomisa says it should be established if the family acquired the shares legally. “It would have been better if at least those findings have been published or the investigation has been completed.

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  • Zuma digs in, unsettles markets

    Cape Town - Stung by his ruling party’s worst electoral performance since the end of apartheid, President Jacob Zuma is going for broke in a battle to maintain his grip on power. The first casualties have been the nation’s rand and bonds. First came Monday’s announcement that he plans to run a committee that will oversee the nation’s state-owned companies. Then Finance Minister Pravin Gordhan, with whom Zuma has had a fractious relationship, said he’d received a letter from a special police unit known as the Hawks to report to it on Thursday in connection with allegations he oversaw an illicit unit to spy on politicians when he ran the state tax agency. Gordhan denied doing any wrongdoing and

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  • All the 2016 MTV VMAs winners

    It was a night of great performances and a celebration of music at the VMAs held at Madison Square Garden in New York City. The big highlights of the evening was Rihanna's many performances to celebrate her Michael Jackson Video Vanguard Award as well as Beyoncé's live performance of Lemonade. Beyoncé won the award for Video of the Year and Best Pop Video for her song Formation, Best Female Video for Hold Up and she also picked up the award for Breakthrough Long Form Video for Lemonade. Song of the Summer Fifth Harmony (featuring Fetty Wap) — "All in My Head (Flex)" The Chainsmokers (featuring Halsey) — "Closer" Drake (featuring Kyla and Wizkid) — "One Dance" Selena Gomez — "Kill Em with Kindness"

    Times LIVE q
  • Could this be SA's next finance minister?

    Johannesburg - The man who is tipped to be the next Minister of Finance has come a long way with President Jacob Zuma. The name Sifiso Buthelezi, has been bandied about in some circles as the man Zuma is likely to announce as the next finance minister. He was sworn in as a member of parliament in April and currently is on the standing committee on finance. He has been a member of the ANC from his youth and a commander for Umkhonto we Sizwe. In the mid 1980s he was arrested and imprisoned on Robben Island until 1991. Buthelezi comes from Mahlabathini in northern KwaZulu-Natal. He has an academic background in commerce with a masters through the University of Cape Town. He was Zuma’s economic adviser

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