Finance Minister Tito Mboweni is expected to deliver a supplementary budget speech today at 3 pm. Tito Mboweni initially tabled a budget speech 4 months ago, now that there is an urgent need of the economic restructuring due to the Covid-19 pandemic and imposed lockdown which began in March, Mboweni has to make changes in…
Statistics South Africa has revealed that South Africa’s unemployment rate has increased from 29.15 to 30.1% in the first quarter of the year 2020. According to StatsSA this is by far the highest increase in the unemployment rate during a financial crisis, higher than 24% in 2009. The economy of South Africa was already in…
https://www.sabcnews.com/sabcnews/wp-content/uploads/2018/05/Acting-King-Azenathi-of-AbaThembu.png Acting King of the Abathembu has been fired by the Eastern cape premier Oscar Mbuyane and asked to evacuate the offices, Azenathi Dalindyebo was appointed Acting king of the Abathembu 3 years ago while his father King Buyelekhaya Dalindyebo was serving a jail term at the East London Correctional Facility for kidnapping, assault…
https://scitechdaily.com/images/COVID-19-Job-Losses-777×336.jpg President Cyril Ramaphosa has warned South Africans about Job losses expected during and post Covid-19, he has said this on his weekly Newsletter that the ‘Job loss Tsunami’ that has hit economically strong countries like the USA, UK and China is going to hit hard on an already economically challenged country South Africa. The…
Taxi associations are threatening a national shutdown if their demands are not considered. the South African Taxi Council (SANTACO) says they won’t accept the R1.1 Billion Covid-19 relief grant from the government which translates to a R5000 once-off payout for each taxi. SANTACO demands R20 000 for a taxi each month, which amounts to R20…
More than 21 cases of the brutal killing of women and children have been reported in less than a month. RnB and Soul singer Loyiso Gijana’s newly released track for Femicide had South Africans in tears, as the song calls on men to hear the cries of women and children, and paying tribute to the…
Debt counsellors have cautioned of more financial distress for indebted South Africans as payment holidays come to an end, yet the latest survey by TransUnion shows that 91% of the respondents are worried about their ability to repay their debts and bills. Banks offered clients a three-month debt repayment holiday in March in the wake of the economic impact…
Burundi’s newly elected president, Evariste Ndayishimiye, has been sworn in two months earlier than planned. The fast-tracked ceremony comes after his predecessor Pierre Nkurunziza died suddenly last week. Mr. Ndayishimiye is a former rebel leader, like Mr. Nkurunziza.He was backed by his predecessor and was declared the winner of May’s presidential election, which the opposition…
Hawks have arrested top officials of VBS mutual bank believed to be involved in the looting and money laundering in the bank. VBS Mutual Bank collapsed after it was looted of over R2-Billion, Hawks head Lieutenant general Godfrey Lebeya said they have conducted multiple search and seizure operation in 10 premises in Gauteng and the…
Police have confirmed that a 31-year-old man has been arrested in connection with the murder of Tshegofatso Pule. The 28-year-old woman from Meadowlands-Soweto was 8-months pregnant when she was killed and her body was found hanging from a tree with stab wounds in the chest in Roodepoort last week. The man was on his way…