• 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
  • 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

    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
  • 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
  • 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
  • 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
  • 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
  • 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
  • South Africa: Ruling Party Planning to Remove Zuma?

    While the leadership of the ANC embarks on a tour of branches across the country in search of answers for the party's decline in support in the municipal elections ordinary members are calling for the occupation of the party's national headquarters Luthuli House to demand President Jacob Zuma and the ANC's National Executive Committee's resignations. One of the organisers, Bonolo Ramokhele, has said the idea is to have a demonstration at the party's head offices on September 5 when the president is expected to attend a National Working Committee meeting. Previously he had been part of attempts to demonstrate outside an NEC meeting following state capture claims by deputy finance minister Mcebisi

    AllAfrica.com q
  • ‘Uncontrollable’ people are in power in SA, says funnyman Noah

    TREVOR Noah has spoken out about the state of South African politics‚ saying "uncontrollable" people have been put in power. "You put them in the right position‚ you get them in the right place‚ and you realise that controlling them is not something that is manageable," the comedian said in a television interview. "There were people who thought they could control (EFF leader) Julius Malema. There were people who thought they could control (President) Jacob Zuma. But you come to realise that when you put the wrong man in the right place he can do the utmost damage," Noah told eNCA. He compared them to US Republican presidential nominee Donald Trump. Quizzed about Trump and the possibility of his

    Business Day Live 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
  • 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
  • Don’t assume medical schemes pay for emergency care

    A phone call from a stranger in the middle of the night informing you that your child has been injured in a road accident is every parent’s nightmare. Eileen du Toit was told that the car her 20-year-old son, Mathew, was driving had left the road and rolled several times. An ambulance was called and Mathew was taken to the casualty department at Milnerton Mediclinic in Cape Town just after midnight. He was vomiting, and the doctors recommended X-rays. He was given an intravenous painkiller and placed under observation for two hours. When no fractures or acute injuries were identified, he was discharged. Du Toit submitted the ambulance and casualty accounts to Discovery Health Medical Scheme (DHMS),

    Independent Online 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
  • 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
  • No PSL return for Jali … for now – agent

    Jali is rumoured to be moving back to South Africa, with Mamelodi Sundowns and Orlando Pirates mentioned as his possible destinations, but Makaab says the Bafana Bafana midfielder will stay in Europe for now. Jali caused a stir on Thursday when he tweeted something that seems to suggest he is flying home to South Africa to join Pirates.

    The Citizen q
  • No law empowers Hawks to summon Gordhan

    There is no law or anything else in the constitution that empowers the Hawks to have “summoned” Finance Minister Pravin Gordhan, respected retired justice of the Constitutional Court Johann Kriegler has said. “Let’s start at square one. Do the Hawks have any power to summons? That is a big no,” he told The Citizen. “There is no power under our law and constitution to summons someone.” He also said that the method used by the Hawks, by which it made public its intention to have Gordhan appear at its offices on Thursday, was a device used to intimidate someone. “It’s usually a device used to intimidate and frighten people. It’s also a device used to humiliate the person even more.” Kriegler said,

    The Citizen 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
  • 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