The Congress of South African Trade Unions (Cosatu) said it is "deeply incensed and disappointed" to hear that President Jacob Zuma has now officially signed all the tax legislation from 2015 into law. This includes the implementation of the 2015 Tax Laws Amendment Act and the Tax Administration Laws Amendment Act. This means all retirement reforms related to tax harmonisation on retirement contributions and benefits will come into effect on March 1 2016. In Cosatu's view this will have … [Read more...] about COSATU ‘deeply incensed and disappointed’ with Zuma
jacob zuma
R16.49 to the $1 because ‘markets do not understand Zuma’s motives’
Any expectations of a respite for the rand after last week's beating were given a final nail in the coffin when President Jacob Zuma stated that the turmoil regarding Nenegate was not all that serious, and that markets did not understand what he was trying to do. This is according to Wichard Cilliers, director and chief dealer at treasury services company TreasuryOne. "This week has got a lot of potential banana peels that the rand could slip on. Several speeches by US Fed members could … [Read more...] about R16.49 to the $1 because ‘markets do not understand Zuma’s motives’
Finance Minister Musical Chairs highlights times of crisis
Presidents may come and go, CEO's may come and go and the populace or shareholders will only feel a sense of disquiet. BUT, mess with the country's pocket by hiring and firing Finance Minister's and the world takes notice - often to a country's everlasting detriment. Since 1910 South Africa has had a total of 23 Finance Ministers - only one of whom was not affiliated to any political power - Chris Liebenberg who served from 19 September 1994 to 4 April 1996. From 1910 to 1994 South … [Read more...] about Finance Minister Musical Chairs highlights times of crisis
True reconciliation not just about forgiving and forgetting
Port Elizabeth - Building the physical landscape of the country is easier than building the soul of a nation, President Jacob Zuma told a crowd celebrating the national Day of Reconciliation on Wednesday. "Our people had been brutalised over many years. However they have not had the time to reflect and heal. There has not been enough time to find one another," he said. Zuma called on the nation to bridge the divide between the different segments of society and build a South Africa that … [Read more...] about True reconciliation not just about forgiving and forgetting
Zuma: ‘Funny’ to exaggerate SA’s Problems
Port Elizabeth - In one of South Africa's strangest public holiday commemorations on Wednesday, thousands gathered in various cities to participate in #ZumaMustFall marches, while President Jacob Zuma himself called for people not to exaggerate the country's problems for fear of being considered "funny". "We exaggerate our problems and make people think that South Africans are funny people; whilst in reality people envy to be South Africans," he said during an address celebrating … [Read more...] about Zuma: ‘Funny’ to exaggerate SA’s Problems
This is what Presidential Egg on Face looks like
Writing on FIN24, Daniel Silke* - director of the Political Futures Consultancy and a noted keynote speaker and commentator - says we have witnessed a; "Massive political defeat for Zuma" The Firing of Nhanhla Nene and his replacement with inexperienced David Van Rooyen at the behest of President Jacob Zuma was the type of political decision-making that was set to have consequences. With billions wiped off the value of key financial stocks on the JSE and a plummeting rand, the country was … [Read more...] about This is what Presidential Egg on Face looks like
With All Due Respect Mr Zuma
Dear Mr Zuma Sir, when people say to anyone; "With all due respect" you know that they are not really according you any respect. So..... WITH ALL DUE RESPECT - I am an ordinary guy, not too bright, but with a great love for our country and people in it. At all times I try and put our country first. I do not profess to know how to run a country. As a collective we entrust our politicians to guide our country's voters to becoming the best that we can be. Who am I to judge anyone, … [Read more...] about With All Due Respect Mr Zuma
South Africa remains baffled at Zuma’s axing of Nene
Before the President spoke out about the appointment of David van Rooyen as minister of finance to replce Nhlanhla Nene yesterday, the Nelson Mandela Bay Business Chamber through it's CEO, Kevin Hustler, expressed their deep concern over the recent axing of Finance Minister Nhlanhla Nene after just 18 months in the role. "Whilst we acknowledge that the President has a constitutional right to appoint and dismiss Cabinet Ministers, the decision to dismiss a very experienced and the … [Read more...] about South Africa remains baffled at Zuma’s axing of Nene
President to meet with #NationalShutDown Stakeholders
President Jacob Zuma will meet with the management and leadership of universities as well as student leaders on Friday to discuss the stalemate regarding university fee increases. The President will hold the consultative meetings with the Vice-Chancellors and Chairpersons of Councils as well as with student leaders at the Union Buildings in Pretoria with a view to finding a solution to the impasse. President Zuma met the Vice-Chancellors and Chairpersons of Councils on 6 October and they … [Read more...] about President to meet with #NationalShutDown Stakeholders
War on Leaks training
The first intake of trainees of the recently launched War on Leaks Programme will officially start their training programme on Monday. The War on Leaks Project was launched by President Jacob Zuma on 28 August 2015 during an event held at Dan Qeqe Stadium, in Port Elizabeth. The launched followed the announcement made by President Zuma during his State of the Nation Address in February this year, where he said that government would launch the programme, which is designed to train young … [Read more...] about War on Leaks training
Presidency Rejects War on Leaks Dinner Report
The Presidency on Monday rejected a media report regarding a dinner that was to have been addressed by President Jacob Zuma, in Port Elizabeth, in the Eastern Cape. The City Press on Sunday reported that the President attended a dinner and addressed councillors after Friday’s launch of the War on Water Leaks programme, aimed at curbing leaking water taps and pipes in communities and to promote water conservation throughout the country. According to the Presidency, the story quotes what the … [Read more...] about Presidency Rejects War on Leaks Dinner Report
Gareth Cliff’s Zuma Rant
On Thursday last week, while delivering the final report into the upgrades at the KwaZulu-Natal homestead, Police Minister Nathi Nhleko told reporters in Cape Town that Zuma was not required to pay back any money spent on the upgrades. Nhleko's report was contrary to Madonsela's report released in March 2014, which found that Zuma had to pay back a "reasonable" portion of the money spent on upgrades not related to security. Nhleko had cleared Zuma of any financial liability for a new … [Read more...] about Gareth Cliff’s Zuma Rant
No Nelson Mandela Bay political reshuffling
Port Elizabeth - In a hastily convened press conference on Monday afternoon, the ANC has announced that no reshuffling of Nelson Mandela Bay political deployments will take place. Speculation has been rife that President Jacob Zuma, who arrived in Nelson Mandela Bay on Sunday with his deputy Cyril Ramaphosa and other cabinet members, was in the metro to axe the municipality’s mayor, 83-year-old Benson Fihla. ANC National spokesperson Zizi Kodwa said Zuma had travelled to Nelson Mandela Bay … [Read more...] about No Nelson Mandela Bay political reshuffling
Why was Zuma here?
Port Elizabeth – A veil of secrecy has descended around President Jacob Zuma’s visit to the troubled Nelson Mandela Bay Municipality. Speculation is rife that Zuma, who arrived in Nelson Mandela Bay on Sunday with his deputy Cyril Ramaphosa and other cabinet members, is in Nelson Mandela Bay to axe the municipality’s mayor, 83-year-old Benson Fihla. Zuma and his delegation have been in a series of meetings since his arrival, but no information has been forthcoming on the nature of the … [Read more...] about Why was Zuma here?
Jacob Zuma Speaks on Statues
President Jacob Zuma, speaking in Boksburtg today, weighed in on the debate over the removal of colonial statues, saying it needed to be done according to the laws of the land. "Destroying the statues also flies in the face of the preservation of the history of our country, including the repulsive apartheid colonial history," Zuma said on Friday at the commemoration of the 22nd anniversary of Chris Hani's assassination in Boksburg. "What is important is that everything must be done in an … [Read more...] about Jacob Zuma Speaks on Statues
