Posts tagged with 'ANC Regime'

 

BEE now a must for real estate – No BEE certificate no fidelity fund certificate!

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In terms of the Real Estate Practice Act, Black economic empowerment (BEE) participation will soon be an obligation in the real estate industry.

Piet Le Roux, CEO of the business organization Sakeliga, is not in favor of the new legislation. He explains that those who previously met the necessary requirements could act as real estate professionals but with the new developments they will now have to have a BEE certificate as a prerequisite.

Le Roux believes that disguising participation in BEE processes as a professional requirement is blatantly harmful, unconstitutional and unfair. He points out that this is unacceptable political interference with the freedom of the industry and the prosperity of the industry for clients as well as the economy.

The new legislation provides that the Real Estate Practices Regulatory Authority may not issue a Fidelity Fund Certificate to any person who does not have a valid BEE certificate. No person may, therefore, act as a rea
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Those who are not in favor of the ANC are delighted with the developments: Power struggle amidst ANC ranks – Cadres are turning against each other for office

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A complaint filed at the Office of the Public Protector sheds some light on the fierce power struggle in the ranks of the ANC and its government.

The complainant who prefers to remain anonymous claims that Minister Lindiwe Sisulu is playing a chess game to get the deputy president removed from office to take office herself.

The Office of the Public Protector declined to comment on the complaint, strengthening the suspicion that such a complaint was received by Busisiwe Mkhwebane.

According to reports, Minister Lindiwe Sisulu is appointing loyal supporters in her department with the intention of pushing David Mabuza out of office as vice president and then taking the seat herself.

The move suggests that it puts her in a strong position to succeed Ramaphosa, especially if Mabuza’s influence is illuminated and the ANC president will receive much less support without his deputy’s influence.

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Unlawful R420m Gupta VAT refund – Sars legal head fired with immediate effect

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Revenue service Sars said on Friday it had terminated the services of its head of legal, Refiloe Mokoena, with immediate effect.

It said the decision was taken after a disciplinary hearing chaired by a senior counsel from the Johannesburg Bar.

Sars said Mokoena was found guilty of serious misconduct.

“Sars has accepted the chairperson’s recommendation of immediate dismissal and her services have been terminated with effect from today, November 15 2019,” Sars said.

BusinessLIVE reported in October that Mokoena, who was allegedly at the centre of granting the controversial Gupta family a reported R420m VAT refund, had been suspended.

It said Mokoena was asked by Sars in September to supply reasons why she should not be suspended by the tax agency over the Gupta refunds. Mokoena was one of five executives who were placed on precautionary suspension in recent months pending the conclusion of their disciplinary processes.

In October, Sars announced t
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ANC-regime needs to take notice – The cost of violent protests has spiked 100 fold in a decade

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The number – and size – of insurance claims filed with state-owned political risk insurer Sasria (the South African Special Risks Insurance Association) show just how much violent protests are costing South Africa.

In 2007, after nearly four years of economic growth of over 5%, Sasria received 540 claims worth R14 million for damage as a result of violent protests. Most of those claims were related to labour action.

By 2018 the number of claims had spiked more than 10 times, to 5,543 claims. But the increase in the value of the claims was a hundredfold, to R1.4 billion. Most of those claims were related to service-delivery protests, pointing to a failure of local government.

Protests and road closures have become a daily occurrence across South Africa as marginalised communities take to the street in the belief that they only get noticed when causing damage to public and private property.

There is also a worrying rise in sabotage, with a large number of
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ANC piggy bank is empty – ANC regime owes municipalities R165 billion

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After a thorough investigation, it was found that the treasury of South Africa’s is indeed empty for a long time. It has been discovered that the state’s owes amount municipalities approximately R165 billion.

To make matters worse, it must be taken into account that the amount is valid for up to the end of June this year.

Economic advisers, on the one hand, explain why the municipalities cannot pay their Eskom and water bills.

Opinion polls say municipalities have the full right to cut off state power at the local municipal level.

The opinion was expressed that the ANC would have to start the president by getting his own house in order and meeting his obligations and paying municipalities what they owed, as this could in turn lead to relief at Eskom.

Salga confirmed that municipalities owe Eskom about R25 billion, plus R15 billion in water consumed.

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Junk Status looms – Implementation of NHI will have disastrous consequences for SA economy

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AfriForum today sent a letter to President Cyril Ramaphosa, Finance Minister Tito Mboweni and Minister of Health Zweli Mkhize warning the civil rights organization that the implementation of national health insurance (NHI) could eventually lead to the downgrading of the country’s credit rating to junk status .

This comes after the credit rating agency Moody’s recently downgraded South Africa’s credit rating from a stable to a negative outlook. The reason for this downgrade according to Mood is the bleak growth prospects and growing public debt. In its letter, AfriForum argues that unaffordable, ideological policies such as the NHI will lead to South Africa being downgraded to junk status, as the country simply cannot fund it.

“To continue with the implementation of the NHI will not only be disastrous for the South African economy; it will also inflate government debt to levels that will make it impossible to escape the downgrade to junk status in the foreseeabl
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Insatiable money hungry amongst ANC ranks – MP involved in R600,000 scams

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The ANC’s MP, Bernice Swarts, is accused of being involved in a scam involving R600,000.

The ANC has apparently launched an investigation into the alleged scams where businessmen were under the impression that the money would be used for the ANC’s election campaign.

Little information about Swarts is known, but the latest investigation into the R500,000 needed to go to Ramaphosa’s CR17 electoral fund has apparently become a total search.

Now there seems to be confusion, because the Public Protector also investigated R500,000 that was apparently donated by Watson’s Bosasa, but which was paid in but explained to Parliament by Ramaphosa so deceptively that several political opponents described it as a lie finished.

Swarts reportedly received R16 million from an account linked to the election campaign to get support from the Eastern Transvaal, and also received R500,000 from Tuwani Mulaudzi, who apparently disappeared and was never paid into the ANC’s CR17 acco
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South Africa’s army has run out of money – this is how much trouble it is in

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South Africa’s National Defence Force (SANDF) is in a dire financial state, and with no promise of future funding, things may still get worse.

Answering in a recent parliamentary Q&A session minister of Defence and Military Veterans, Nosiviwe Mapisa-Nqakula, said that current plans to get the SANDF back on track are entirely dependent on its funding.

“The prevention of the SANDF capabilities from declining further is entirely dependent on the budget allocation of the Defence Force, which has been decreasing at an alarming rate over the years with a negative impact of the entire capabilities,” she said.

“The Defence Review 2015 has been developed with a plan to arrest the decline of the SANDF but unfortunately no funding has been received to attend to the declining capabilities of the SANDF.”

Mapisa-Nqakula added that the years-long decline of the SANDF meant that it was becoming increasingly difficult to protect the country.

“The defence
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S&P Global, which downgraded SA to junk status, warns ANC government that it will not be easy to restore land

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The ratings agency S&P Global, which has legitimately downgraded the country to junk status, since 2017, has warned the ANC regime, saying the path of recovery is not reachable with the clap of fingers.

The agency also points out that the possibility of another downgrade in two weeks is not ruled out because of the dire position in which South Africa finds itself.

The Managing Director of S&P Global Sub-Saharan Africa, Konrad Reuss, was a guest speaker at the Consumer Goods Council Conference in Johannesburg, which was held at the same time as Ramaphosa’s conference where billions of Rand’s promises were made, the bulk of which were made usually does not become reality.

Reuss emphasized that the agency could further downgrade the country in November’s assessment, which would further hamper investors and investment.

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ANC regime’s debt to SA municipalities exceeds R1bn

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Several millions of Rands debt is outstanding with municipalities across SA – ANC regime debt exceeds R1 billion

The ANC government’s poor performance, especially in the economic and financial sphere, is also highlighted in its inability to settle its debt to municipalities.

The ANC’s Minister of Public Works, De Lille, has acknowledged that the state owes more than R1 billion to municipalities.

The irony is that some of the municipalities were placed under administration while the state did not fulfill its obligations to the municipalities.

There are apparently some of the municipalities that are struggling, partly because the state’s obligations to them are not being met, which leads to unauthorized transactions with the local council.

Unconfirmed reports state that De Lille has liaised with more than 60 municipalities to determine the amounts owed, which is believed to total R1 billion. The other 19
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