Land claims, whether legitimate, fraudulent or opportunistic, can cripple farms, businesses and the families that depend on them. Thousands of land transactions, financing applications and plans to develop or expand have been scuttled by land claims, and this has cost South Africa incalculably in terms of jobs and rural development. That is why the family farmer network, the Southern African Agri Initiative (SAAI), decided to publish the largest digital land claims database online
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SAAI Discloses Land Claims Database Online! Files Contempt of Court Against Agriculture Minister Thoko Didiza
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Cyril rushes back to Eskom and cuts visit to Egypt short amidst electricity crisis which holds serious economic consequences for SA
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Opposition parties expressed their dismay when the ANC president, Cyril Ramaphosa, went to Egypt amidst #rollingblackouts occurred all over South-Africa this past week. He had to cut his less important visit to short and returned to South Africa to talk to the heads of Eskom about the crisis load shedding has on the finances of SA.
Observers point out that Eskom suddenly announced on Wednesday that it is switching back to Phase 2 load shedding, but experts say the major damage has already been done.
Several opposition politicians have made urgent requests for Ramaphosa to return, but observers say this is not just an electricity crisis, but has serious economic consequences for the faltering economy of South Africa.
Head of SASSA under investigation after being accused of abusing his power for financial gain
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Accusations are made that Themba Matlou, who heads the Social Security Agency (Sassa) in the Central Transvaal, used his office to campaign for a provincial position in the ANC.
Allegations are also being made that he used the state’s resources and finances for the campaign, and the Public Protector will now investigate the allegations.
He is also accused of abusing his power as chief officer by harming people who disagree with his views.
It is not known who filed the complaint with the Public Protector’s office on November 5, but the OB office apparently wrote a letter to obtain further information on the charges.
The complainant claims that Themba Matlou also approved that transport and hotel accommodation be paid for one of his “loved ones”.
Transnet wasted almost R50 billion, most of which is used to buy trains that cannot be used in SA
Eskom drowning in debt, will need R69 billion to service its overflowing liabilities
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Eskom chairman Jabu Mabuza during the power utility’s annual financial results presentation on November 28, 2018 in Johannesburg, South Africa. During the presentation, it was revealed that Eskom’s debt service costs have doubled in a one year to R45bn.
Jabu Mabuza addressed the Portfolio Committee on Public Enterprises on Wednesday and announced Eskom is owed R20 billion by municipalities.
The chief executive officer announced that the power utility is in a critical condition as government’s financial support only addresses short-term liquidity, and Mabuza revealed that these issues will be detailed in the progress report, National Treasury and the Minister of Finance are currently working on.
Mabuza noted that there is a need in establishing an energy plan for the power utility, as the country’s condition is critical in an ever-changing energy landscape; he stated that the annual report will be made public and it will prove Eskom’s financial perfo
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Parasitic Parastatal Eskom, paralysing SA as the country runs out of money. Unless considered action is taken, not just talk – South Africa remains on the brink of destruction
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When Finance Minister Tito Mboweni on Tuesday told MPs government would have to review its funding requirements, he put into financial jargon that, actually, South Africa’s running out of money. And Eskom is to blame, in the main.
Bluntly put, Tuesday’s Special Appropriation Bill is scraping together R59-billion extra for Eskom — that’s in addition to the R23-billion a year already announced in February’s Budget — to ensure the power utility keeps its lights on.
The bailout timing is crucial — a week to the day before Eskom releases its financial results. Twice delayed already, it’s now on public record the power utility wasn’t a going concern; effectively bankrupt, it can’t meet its obligations under its own steam. The Special Appropriation Bill’s proposed R59-billion bailout over two years has ensured the auditors, on the back of such an official guarantee, can now sign off on the Eskom financials.
“Eskom’s funding pl
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