The minister of finance Tito Mboweni will delivering his 2020 National budget on 26 February 2020 and is asking South Africa to have an input by submitting their tips on how to grow the economy. The budget allocation always aims to strike a balance among competing national spending priorities. It is because of this that the Minister Tito Mboweni invites South Africa to share their view about economic conditions and other issues they could like the government to highlight in the budget on 26 February 2020. Send your contribution on the National Treasury website https://web.treasury.gov.za/public/Tips or on twitter @treasurysa with the #tipsforminfin and #Budget2019
Former Johannesburg mayor Herman Mashaba confirmed this week that he will be forming a new political party whose official launch will be announced at the end of June. Mashaba has been running the people’s dialogue since December 6 and calls the movement the building block of this party.The dialogue will end next month, giving Mashaba a month to tally the findings and release a final report to the public in March. “I have given a commitment that we will run these dialogues until the end of February so that by the end of March, at the latest, we produce a report that will inform us what South Africans are looking for. The report will be made public for all to see,” Mashaba said. He refused to comment when he was asked if the former DA leader Mmusi Maimane would be joining him but he confirmed that the party will definitely be participating in the 2021 local government election Harman Mashaba says he wants to build an organisation that is driven by civil society and free of political self interest. Former DA federal chairperson Athol Trollip, who resigned alongside Maimane last year, said although he was of the view that “there is no need for more political parties” in the country’s already congested political landscape, he thought the fact that Mashaba was going back to the ordinary people and taking a mandate from them was a noble and much-needed change in direction from where politics has been headed lately.
The African National Congress Youth League (ANCYL) in the FreeState province has called on president Cyril Ramaposa to remove The Minister of Enterprise Pravin Godhan In a statement issued on Thursday by the provincial Secretary Reagon Broysen, The ANCYL FreeState said it had learned with “shock” from the Deputy President David Mabuza’s admission that Minister Gordhan and the Eskom board had “misled” the President about load shedding during the festive season. It added “We call on the President of the Country and the ANC to remove Minister Pravin with immediate effect ad appoint a young competent minister who has the best interest of our country and its people at heart” This controversy kicked off on Thursday when Deputy President Mabuza admitted during an interview with reporters that the Eskom board and Gordhan had misled Ramaphosa into promising that there won’t be load shedding until 13 January.anc statement1
Presidency denies claim
Johann Rupert replaces Nicky Oppenheimer as SA’s richest manThis was reported on the Bloomberg Billionaires Index which updates daily according to changes in the net worth of billionaires. The list showed that Johann Rupert’s is now the world’s 241st richest person and Oppenheimer is the 245th world’s richest person Previously Rupert was the 240th world’s richest person and Oppenheimer was the 216th person on the list that tracks the 500 world’s wealthiest people According to Bloomberg, Rupert’s net worth is now $7.36 billion which is roughly 105 billion in South Africa rand it has grown from $6.55 billion in 2019 by $0,81 billion which is roughly R11,5 billion in one year. Meanwhile Oppenheimer now has a net worth of $7.33 billion, which is roughly 104 billion in South African Rand this is compered to $7,05 billion a year ago. Johann Rupert founded the Swiss based Richmond out of the Remgro group founded by his father Anton Rupert. The Richemont group today operates brand labels such as Montblanc and Cartier. Oppenheimer is the former Chairman of De beers diamond mining Company and Deputy Chairman of Anglo American a Company Founded by his Grandfather.
Fortune Khoza, of Acorn to Oaks Combined School in Bushbuckridge, Mpumalanga, changed schools and moved out of home to prepare for the biggest year of his schooling career. On Tuesday he realised his hard work had paid off as he was among the top 33 out of more than 700,000 matriculants in the country who were honored by the department of basic education. The group of top achievers had a breakfast in their honor with basic education minister Angie Motshekga.
Khoza said he had moved to another school because he believed it would give him better opportunities. This school was quite a distance from his home. “I had to find a place where I could stay. I rented a one-room house where I was staying with another guy, a friend. We were studying together but at one point, he went to the school camp and I decided not to go. They were on a different pace than the pace I was working on,” Khoza said. During this time he studied, cooked and cleaned for himself. “I was not good in math but I was good in other subjects. I went to get help from a guy called Harvey. He assisted me.”
Khoza said he tried to remain a step ahead of his classmates. He managed to finish going through the math syllabus for his matric year by the end of 2018. This was shortly after he passed grade 11. He finished the physical syllabus by January 2019. “My accounting teacher was a dedicated teacher. He managed to finish the syllabus by February and we were just going through [previous year final] papers,” Khoza said. Deputy education minister Makgabo Reginah Mhaule took to the podium and said in September she had visited a school in Mpumalanga where Khoza was among the pupils. Mhaule said when she asked which pupils believed they would be among the top matric achievers to be honored, Khoza had lifted up his hand. On Tuesday, Mhaule said Khoza had reminded her of the promise he had made that he would be there. Khoza’s subjects included mathematics, physical sciences, accounting agriculture, life orientation, Xistonga and English. He was hoping to studying actuarial sciences at the University of Cape Town. “I see myself being an actuary at the Airports Company South Africa,” Khoza said.