In a bizarre twist, VBS Mutual Bank’s liquidators are blaming KPMG for the “fraudulent” ransacking of the bank’s billions, saying the auditing firm’s “negligence” spawned the alleged looting. These claims are contained in a lawsuit for more than R863-million, which…
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Finance Minister Tito Mboweni has doubled down on his commitment to curb government spending by slashing the public sector wage bill. The treasury’s budget document, released on Wednesday, restated its plans to radically reduce spending on public servants’ compensation, which…
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South Africa’s democratic life is now as old as Nelson Mandela’s time was in prison. His post-1994 motif of the “rainbow nation” has aged with time too, its bright-dream colours fading into divisions of black and white, rich and poor….
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Economists have projected a better-than-expected budget deficit as Finance Minister Tito Mboweni prepares to update the country on the state of the fiscus. Most will be looking towards how the government will strike a balance between narrowing the deficit further…
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Pfizer has been accused of “bullying” Latin American governments in Covid-19 vaccine negotiations and has asked some countries to put up sovereign assets, such as embassy buildings and military bases, as a guarantee against the cost of any future legal…
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Employment recovered slightly at the end of 2020. But the rate of job recovery has not been enough to stem the tide of rising unemployment, which has reached crisis levels. According to Statistics South Africa’s quarterly labour-force survey, the unemployment…
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The results of the two subjects that almost plunged the 2020 matric examinations into chaos have shown a decline. Of the 233 315 candidates who wrote mathematics, 125 526 passed, resulting in a 53.8% pass rate, down from 54.6% in…
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The Zondo commission has asked the Constitutional Court for an urgent order declaring former president Jacob Zuma in contempt of court and sentencing him to two years in prison for defying summonses served to testify before the inquiry into state…
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The National Prosecution Authority (NPA) has described former president Jacob Zuma’s claim that his arms-deal corruption case will be unnecessarily delayed this week and should, therefore, be struck off the roll as “exceedingly disingenuous”. Zuma on Sunday suggested his scheduled…
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Peace starts with the inner person. But, within myself I do not have peace. Every time I think about my situation, I feel so bad and it affects me a lot.” Dutch, as he prefers to be called, is HIV-positive,…
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