Dear MyPE The DA welcomes today’s announcement by the South Africa Reserve Bank’s Monetary Policy Committee (MPC) to cut the interest rate by 25 basis points. This is a timely relief to many South Africans grappling with debt and a rising tax burden, especially Value Added Tax (VAT). The MPC announcement follows the decision on Friday by credit rating agency, Moody’s, to hold South Africa’s sovereign credit rating at “Baa3”, with a “stable outlook”. These ‘green offshoots’ in the economy … [Read more...] about Interest rate drop welcomed
Alf Lees
SAA spends R21 million on fraud and corruption investigations yet takes no action
Dear MyPE A reply to a DA parliamentary question has revealed that South African Airways spent R 21 million on 16 investigations, all of which centred on allegations of fraud and corruption within SAA, but do not seem to have taken any action against those identified by the investigations. All these investigations took place during the tenure of Ms Dudu Myeni as Chair of the SAA board, a position that she retained when a new board was appointed in September 2016. The DA’s view that the … [Read more...] about SAA spends R21 million on fraud and corruption investigations yet takes no action
