Thu, 21 February, 2019

SOUTH AFRICA NEWS

PRETORIA - Head of the Specialised Commercial Crime Unit Advocate Lawrence Mrwebi has presented himself as the victim of a vendetta and insists that he has always acted with integrity.On Wednesday, Mrwebi testified at the Mokgoro Inquiry which is investigating his and Advocate Nomgcobo Jiba’s fitness to hold office.Mrwebi was questioned about his involvement in the trial of former Police Commissioner Jackie Selebi and his withdrawal of charges against former Crime Intelligence boss Richard...
CAPE TOWN - The City of Cape Town (CoCT) has been accused of dragging its feet on the completion of a forensic investigation into the expansion of the Cape Town International Convention Centre (CTICC) after several irregularities were detected in previous reports.In December last year, an investigation was ordered by council following heated deliberations on the matter.The expansion of the CTICC was at one stage the subject of an investigation by the Public Protector.A...
Pensioners
Pensioners can again look forward to an inflation-linked increase in their social grants this year.The government spending on social grants will increase to R567 billion.The number of beneficiaries who receive social assistance from the state is expected to increase from 17.9 million to 18.6 million over the next three years.WATCH: #Budget2019 in 60 seconds with Bruce WhitfieldOld-age pensions will increase by R85 this year to R1,780 monthly.Pensioners over the age of 75 will receive...
Jason Rohde
Wife killer Jason Rohde will be sentenced in a week's time following the completion of closing arguments on Wednesday.Last year, the property mogul was convicted of killing Susan Rohde at the Spier Wine Estate in 2016 and trying to stage her suicide.The State has called on the court to impose a punishment exceeding the minimum prescribed sentence of 15 years.The defence argues there's no basis for a harsher punishment.Judge Gayaat Salie-Hlophe says Susan didn't...
mboweni
CAPE TOWN - Less money to play with, stubbornly low growth, SOEs dependent on the state for their month-to-month survival, and a nation that’s spending way more than it’s making.These are some of the key outtakes from Finance Minister Tito Mboweni’s maiden Budget speech.Mboweni combined tough talk, and bitter realities, with a dose of gardening, likening the economy to a plant, and illustrating his example with a gift of three Aloe Ferox succulents for...
JOHANNESBURG - The state capture commission of inquiry will start hearing evidence about Eskom and how it was allegedly involved in several corrupt deals from the end of the week.The commission heard on Wednesday that the first witness will be Eskom chair Jabu Mabuza, who will testify on Friday and Monday.This will be followed by several other implicated people at Eskom, whistle-blowers and other role-players, including the CEO of Optimum Coal Mine, the company...
CAPE TOWN - Finance Minister Tito Mboweni used the Aloe Ferox as an analogy for the economy on Wednesday.In his maiden Budget speech, Mboweni harked back to fatter times for South Africa, when former Finance Minister Trevor Manuel handed out plums to Members of Parliament.Mboweni chose a hardier, pricklier specimen to make his point, as he delivered a tough-talking, tricky Budget, full of difficult truths about an economy that’s spending more than it makes,...
CIGARETTE PRICE UP
As usual, drinking and smoking will cost you more, but vapers beware - Treasury is planning to tax you too.Gamblers can also be expected to start contributing towards rehabilitation programmes for addicts.Just as his predecessors have been doing over the years, new Finance Minister Tito Mboweni will be slapping on higher excise duties for alcohol and tobacco.A can of beer will go up by 12 cents.A bottle of wine by 22 cents.Duty on sparkling...
Budget Speech
Finance Minister Tito Mboweni is delivering his maiden Budget speech in Parliament this afternoon.Plans to steer power utility Eskom out of crisis are likely to take centre-stage in the speech.WATCH: Budget 2019EWN
Eskom
Finance Minister Tito Mboweni has unveiled plans to help Eskom restructure, deal with its debt and do urgent maintenance to secure the supply of electricity.The cash-strapped power utility will get R69 billion over the next three years but under strict conditions.Mboweni’s forecast slower growth and revealed a larger than expected revenue shortfall of more than R15 billion – due to the poor economy and weakened capacity at SARS.There’ll be no increases in personal or...
CAPE TOWN - Outgoing Western Cape Premier Helen Zille has been told to spend less time criticising national government and focus more on service delivery.Opposition parties in the province on Tuesday debated Zille's State of the Province Address delivered last week.Over the last ten years, the outgoing premier has clashed with leaders in national government on several occasions.The province's biggest fight is with the Police Ministry as it calls for more police officers to...
JOHANNEBSURG - Cosatu says jobs are the number one issue for its members when Finance Minister Tito Mboweni presents the Budget speech at Parliament on Wednesday afternoon.The trade union federation says it wants Mboweni to come with a clear plan of action to kick start the economy and halt further job losses.With elections looming, government will want to try and keep its alliance partner on its side.But when it comes to Eskom, President Cyril...
Rangers and volunteers are still searching for a lion that escaped from the Karoo National Park, near Beaufort-West. SanParks says since the lion escaped, it has killed and eaten an Eland on a farm which is situated close to the park.SanParks General Manager of Media Relations, Rey Thakhuli, says the lion escaped last weekend by digging a hole underneath the fence of the park. Thakhuli says the discovery of the Eland's carcass will probably lead...
Jason Rohde.
The High Court in Cape Town is expected to continue with the sentencing proceedings in the case of former property mogul, Jason Rohde on WednesdayLast year, he was found guilty of murdering his wife Susan at the Spier Wine Estate outside Stellenbosch in 2016.Susan’s body was found in the bathroom of the plush Spier Wine Farm in Stellenbosch.Last month, in handing down judgement, Judge Gayaat Salie-Hlope described the murder as the result of a love...
lotto
CAPE TOWN - One South African will wake up R232 million richer this morning after correctly choosing the PowerBall numbers.The jackpot was the biggest in the lottery's history after rolling over for a number of weeks.It is not yet known where the lucky ticket was bought.The winning numbers from the PowerBall and PowerBall Plus draw on Tuesday, 19 February 2019 are as follows:PowerBall results: 14, 18, 21, 26, 35 PB: 05PowerBallPlus results: 14, 16,...

WORLD NEWS

Nigerian Vote Delay

Nigerian Vote Delay A Reminder Of Investment Risk

A surprise delay in Nigeria’s presidential ballot has served foreign asset managers another reminder of political risk...
Brexit

Three MPs Quit UK Governing Party Over Brexit

Three Members of Parliament (MPs) quit Britain’s governing Conservatives on Wednesday over Brexit, saying the...

Uganda’s Ruling Party Endorses Museveni For Sixth-Term Run

KAMPALA - Uganda's ruling party has endorsed President Yoweri Museveni, 74, as its candidate in...
Russia

Putin Promises Russians Better Living Conditions ‘Within This Year’

MOSCOW - President Vladimir Putin promised Russians rapid improvements in their living conditions as he...
Brexit reflected as a Union Jack flag torn away from the European flag.

Barroso: UK Likely To Delay Brexit

Britain is likely to delay Brexit and not leave the European Union in March, former...
Designer Karl Lagerfeld has died at the age of 85.

Designer Karl Lagerfeld Has Died

German haute-couture designer Karl Lagerfeld, artistic director at Chanel and an icon of the global...
Zambia Hippos

Zambia Will Cull Hippo Despite Global Backlash

South African hunting outfitters are eagerly awaiting the end of the Zambian rainy season in...
Venezuela's opposition leader and self-declared acting President Juan Guaido.

Trump To Venezuelan Military: ‘Support Guaido Or Loose Everything’

US President Donald Trump on Monday urged Venezuela's military to accept opposition leader Juan Guaido's amnesty offer, or stand...
US President Donald Trump.

Trump Sued By Sixteen US States Over ‘Border Wall Emergency’

Sixteen US states sued President Donald Trump's administration Monday over his decision to declare a...

UK Plans To Make Plastic Packaging Producers Pay For Waste Disposal

LONDON - Britain is to set out plans to overhaul its recycling system on Monday,...

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