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Clement Manyathela is hanging out with former minister and Chairperson of Parliament’s Joint Standing Committee on Defence, Dr Malusi Gigaba about his upbringing, political career and his recent achievement of obtaining a Doctorate.The Clement Manyathela Show is broadcast on 702, a Johannesburg based talk radio station, weekdays from 09:00 to 12:00 (SA Time). Clement Manyathela starts his show each weekday on 702 at 9 am taking your calls and voice notes on his Open Line. In the second hour of his show, he unpacks, explains, and makes sense of the news of the day. Clement has several features in his third hour from 11 am that provide you with information to help and guide you through your daily life. As your morning friend, he tackles the serious as well as the light-hearted, on your behalf. Thank you for listening to a podcast from The Clement Manyathela Show. Listen live on Primedia+ weekdays from 09:00 and 12:00 (SA Time) to The Clement Manyathela Show broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/XijPLtJ or find all the catch-up podcasts here https://buff.ly/p0gWuPE Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook https://www.facebook.com/TalkRadio702 702 on TikTok https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.
Die DA vra 'n dringende ondersoek om vas te stel wat van die verlore 813 miljoen Suid-Afrikaanse rand geword het wat vir die soldate van die Suid-Afrikaanse Nasionale Weermag in die Demokratiese Republiek die Kongo bedoel was. Nicholas Gotsell van die DA sê die voorsitter van die Parlement se gesamentlike staande komitee oor Verdediging, Malusi Gigaba, het sy belofte verbreek om antwoorde te kry by die minister van Verdediging en Militêre Veterane, Angie Motshekga, en verhoed nou die komitee om te vergader:
Gugs Mhlungu chats to TV and media critic, Thinus Ferreira about former minister Malusi Gigaba’s legal attempt to interdict Showmax from airing its new divorce reality show Untied, which reportedly features his ex-wife. They also discuss DStv’s potential plans to launch a sports-only subscription package, and what that could mean for local viewers. 702 Weekend Breakfast with Gugs Mhlungu is broadcast on 702, a Johannesburg based talk radio station, on Saturdays and Sundays Gugs Mhlungu gets you ready for the weekend each Saturday and Sunday morning on 702. She is your weekend wake-up companion, with all you need to know for your weekend. The topics Gugs covers range from lifestyle, family, health, and fitness to books, motoring, cooking, culture, and what is happening on the weekend in 702land. Thank you for listening to a podcast from 702 Weekend Breakfast with Gugs Mhlungu. Listen live on Primedia+ on Saturdays and Sundays from 06:00 and 10:00 (SA Time) to Weekend Breakfast with Gugs Mhlungu broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/u3Sf7Zy or find all the catch-up podcasts here https://buff.ly/BIXS7AL Subscribe to the 702 daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702See omnystudio.com/listener for privacy information.
Legal expert Emma Sadleir Berkowitz joined John Maytham to give a legal perspective on the battle between former Cabinet minister Malusi Gigaba and streaming platform Showmax, over an episode of the Untied docuseries featuring explosive claims from his ex-wife, Nomachule Mngoma. Gigaba is seeking to block the broadcast, citing reputational damage and the impact on his children. Emma shared insight into the legal rights of public figures, the obligations of broadcasters, and how South African courts weigh up personal privacy against the public’s right to know. Good Morning Cape Town with Lester Kiewit is a podcast of the CapeTalk breakfast show. This programme is your authentic Cape Town wake-up call. Good Morning Cape Town with Lester Kiewit is informative, enlightening and accessible. The team’s ability to spot & share relevant and unusual stories make the programme inclusive and thought-provoking. Don’t miss the popular World View feature at 7:45am daily. Listen out for #LesterInYourLounge which is an outside broadcast – from the home of a listener in a different part of Cape Town - on the first Wednesday of every month. This show introduces you to interesting Capetonians as well as their favourite communities, habits, local personalities and neighbourhood news. Thank you for listening to a podcast from Good Morning Cape Town with Lester Kiewit. Listen live on Primedia+ weekdays between 06:00 and 09:00 (SA Time) to Good Morning CapeTalk with Lester Kiewit broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/xGkqLbT or find all the catch-up podcasts here https://buff.ly/f9Eeb7i Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.
Die voorsitter van die Gesamentlike Staande Komitee oor Verdediging, Malusi Gigaba, waarsku die volgehoue onderbefondsing van die Suid-Afrikaanse Nasionale Weermag stel die grensveiligheid van die land in gevaar. Gigaba het in gesprek met SABC News gesê internasionale geloofwaardigheid en ekonomiese groei is nou in die gedrang omdat verdedigingsbesteding afgeneem het van meer as twee-persent van die BBP in 1996 tot op die huidige 0,7-persent. Hy beklemtoon dit beperk die SANW se vermoë om sy verpligtinge na te kom:
Tshidi Madia in for Clement Manyathela speaks to Malusi Gigaba, the Co-Chairperson of Parliament’s Joint Standing Committee on Defence about South Africa’s participation in the DRC peacekeeping mission.See omnystudio.com/listener for privacy information.
Clement Manyathela speaks to Malusi Gigaba, who is the co-chair of Parliament’s Joint Standing on Defence and Carl Niehaus who is the EFF’s member of Parliament’s Joint Standing Committee on Defence & Portfolio Committee on Defence and Military Veterans about the situation that allowed for the deaths of nine soldiers in the Democratic Republic of Congo.See omnystudio.com/listener for privacy information.
ANC secretary-general Fikile Mbalula has launched a disciplinary process against three senior party leaders implicated in the Zondo state capture report: Malusi Gigaba, David Mahlobo and Cedric Frolick.
ANC secretary-general Fikile Mbalula has launched a disciplinary process against three senior party leaders implicated in the Zondo state capture report: Malusi Gigaba, David Mahlobo and Cedric Frolick.
Daily Maverick Journalist, Queenin Masuabi, explains that The ANC has identified 7 senior members, including Malusi Gigaba, David Mahlobo, Zizi Kodwa, and Cedric Frolick, for removal from the party's national lists due to adverse findings in Chief Justice Raymond Zondo's State Capture Report.See omnystudio.com/listener for privacy information.
The number of failed former ministers who have in the past been redeployed to the African National Congress's (ANC's) Luthuli House head office is set to be significantly reduced should the party adopt proposed constitutional amendments. A move to reduce to three the number of members deployed to permanent positions at Luthuli House is among the proposed constitutional amendments put forward by ANC structures. The proposals will be published on Tuesday. The proposed amendment limits the positions to secretary-general and two deputies. During a media briefing on Monday following the national executive committee (NEC) meeting over the weekend, Ronald Lamola confirmed that party structures had proposed various changes to the party's constitution. Lamola, the head of the party's constitutional development committee, said one of the most significant proposed changes was the introduction of a second deputy secretary-general. The party has had to redeploy more than five NEC members to the secretary-general's office since Ace Magashule's suspension and the death of his deputy, Jessie Duarte. As such, the proposal to have two deputy secretaries-general has found resonance among the party's structures. Lamola said that "with regards to the deputy secretary, the rationale is that we will need to have a second deputy secretary who will be able to be assigned specific responsibilities by the NEC". Should the proposed new resolution be adopted at the ANC's conference next month, the headcount of permanent staff deployed by the NEC will drop significantly. Several former ministers and NEC members, including Malusi Gigaba, Nomvula Mokonyane, Jeff Radebe, and NEC members Nkenke Kekana, Dakota Legoete, and Sibongile Besani, are employed at Luthuli House. It's been reported that these members are paid the equivalent of a deputy minister's salary, placing further strain on the party's already bloated salary bill. Over the last two years, the ANC has struggled to pay its administrative staff, with disgruntled employees speaking out over the late payment of their salaries. They have also had to make ends meet after only portions of their salaries were paid. Delegates attending the elective conference in Nasrec, Johannesburg, next month will vote on the proposal on the first day of the event, ANC treasurer-general Paul Mashatile said last week. Mashatile, who is also the acting secretary-general, said deliberations on the proposed change would also take place on the first day. Lamola said for the proposed change to take effect, at least three-quarters of voting delegates would have to support the constitutional amendment. Just more than 4 500 voting delegates will be attending the conference. Attempts to increase the number of positions for deputy secretaries-general and deputy presidents have failed in the past. The party's contentious step-aside rule is also expected to be put to a vote at the conference. The step-aside rule stems from the party's 2012 Mangaung conference, where delegates deliberated on what should happen when someone tarnished the organisation's image and integrity, usually after being linked to criminal charges. Given that no mechanisms were in place to ensure that members could be held accountable, the ANC's national elective conference in Nasrec in 2017 resolved to put specific guidelines in place and will now seek to strengthen the resolution by constitutionalising it. "Once the amendment is made, it can be applied in a manner that is transparent and is also consistent because when it's in the constitution, the NEC and any structures will be obliged to follow the constitution," Lamola said. He explained that all the proposed changes to the party's constitution were being advanced to "enhance the work of the ANC on renewal". "They should give the impetus to guide what was started at the 2017 elective conference in terms of restoring the image of the party," said Lamola.
Former Transnet chief executive officer (CEO) Brian Molefe, Anoj Singh, the parastatal's former finance boss, and their co-accused were granted bail on Monday after being arrested in connection with a R93-million corruption and fraud case linked to the procurement of 1 064 locomotives in 2015. The two former executives were joined in the dock by Niven Pillay and Litha Nyhonyha, directors at the Gupta-linked firm, Regiments Capital. The four men were granted R50 000 bail. The case has been postponed to 14 October. Earlier in the morning, six other people, who had already been charged in the matter, appeared briefly in the same courtroom. The six - another ex-Transnet group CEO, Siyabonga Gama, Regiment Capital's Eric Wood, former Transnet acting chief financial officer Garry Pita, former group treasurer Phetolo Ramosebudi, Trillian Asset Management director Daniel Roy and Kuben Moodley, owner of Albatime - previously appeared in court in May. Wood has requested that his bail conditions be amended. He will be back in court on 7 October for the hearing. The matter stems from a payment of R93-million to Trillian Capital, a Gupta-linked proxy company, to secure funding for the purchase of the locomotives. The transaction advisory contract was initially awarded to global investment bank, JP Morgan, before the deal was cancelled. It was subsequently awarded to Trillian. The estimated cost of the project ballooned from around R38-billion in 2012 to more than R50-billion. In its report, the Zondo Commission recommended that the police investigate Molefe, Gama and Singh for their alleged roles in siphoning money from Transnet to the Gupta family. A 2018 forensic report found that Molefe had misled the state-owned entity's board about its obligation to inform then-public enterprises minister Malusi Gigaba about the spike in the project's costs. BAIL APPLICATIONS During their first appearance, Molefe, Singh, Pillay and Nyhonyha detailed their personal circumstances to the court as they sought to secure bail. All four indicated that they intended to plead not guilty. Nyhonyha told the court he was married in community of property. He also said his children had previously studied in America and Britain, but that they had since returned home. He added that he held shares in various companies. Molefe said he didn't have any relatives outside of South Africa's borders. His lawyer, Mpho Molefe, told the court the former Eskom CEO was married with two minor children, who relied on him for support. He said he also supported his mother. Molefe said he received R52 000 monthly from his pension, and he earned a R12 000 salary from his directorship at a company. Singh's attorney, Anneline van den Heever, said he had no previous convictions and wasn't a flight risk. Van den Heever told the court her client wouldn't interfere with the State's evidence or witnesses.
Bernard Hotz, head of the Business Crimes & Investigations at Werkmans Attorneys explains the Constitutional Court's judgment on the former finance minister Malusi Gigaba. Claire Cobbledick, general manager at Gumtree SA on whether the second-hand online retail market is dead as OLX shutdown its business. Jonathan Ayache, co-founder, and CEO of Lift Airline is the Shapeshifter for the week. See omnystudio.com/listener for privacy information.
Guest: Nthakoana Ngatane- EWN Reporter See omnystudio.com/listener for privacy information.
Guest: Nthakoana Ngatane | Reporter at EWN See omnystudio.com/listener for privacy information.
Nthakoana Ngatane- EWN Reporter See omnystudio.com/listener for privacy information.
Episode 33| P Diddy, Joe Budden, Miss SA Trans, Cassper Nyovest, Kwame Brown, Malusi Gigaba and New Rory and Mal The first topic that the guys get into is the revelations that Puff Daddy (Diddy) doesn't make any money from his chart topping hit, I'll Be Missing You, a dedication to Biggie Smalls (05:15). Dj Dimplez opens a rape case against a woman he had a one stand with, Kinki. But would we know of the story if she agreed to terminate the pregnancy? (09:26). Cassper is still looking for a Boxing match since the AKA one fell through, he challenged Big Xhosa first but it seems the fight between him and Prince KayBee is on (17:50). Joe Budden loses the Cash App Sponsorship due to the sexual harassment claims from the former cohost of the 'See The Thing Is podcast'. (23:50) Rory and Mal launch a podcast, the guys discuss the clip to launch as well as their excitement (27:48). The guys then jump into the Miss SA's controversial decision to accept Trans woman as contestants (35:50). The gents then talk about how much they admire what Kwame Brown is doing defending himself and protecting black men (43:37). The guys then trash Malusi Gigaba for being a Slay Queen wannabe (51:10). Music Master KG and David Guetta ft Akon - Shine Your Lite (53:45) Roiii ft Focalistic -Hold On(57:43)
Former cabinet minister Malusi Gigaba had detailed to the Commission of Inquiry into State Capture how he met the Gupta brothers. Gigaba also denied he visited the Gupta residency in Saxonworld more then twenty times as aleged by his former wife Noma Gigaba. The former finance minister told the commission he knew the Gupta's while he was President of the ANC Youth League back in early two thousand. He has also denied allegations that he had dealings with then while he was minister of Home Affairs. He says he had interactions with the brothers and they were also well known within the ANC circle. Amina Accram reports ...
Former minister, Malusi Gigaba has taken the stand at the State Capture Inquiry. He's been implicated in corruption by some witnesses.
Former cabinet minister Malusi Gigaba has told the State Capture Commission of Inquiry his estranged wife, Norma Gigaba has a creative imagination.
Noma Gigaba says she wants to clarify the personal affairs between her and her estranged husband, Malusi Gigaba, that played out in the public eye:
Die gewese Suid-Afrikaanse Minister van Finansies, Malusi Gigaba, sê sy interaksie met die Gupta-familie beteken nie daar was enige onderduimse ooreenkomste nie. Hy getuig voor die Staatskapingskommissie om te reageer op sommige van die opspraakwekkende getuienis wat sy vervreemde vrou, Norma Mngoma, voor die kommissie gelewer het. Sy het getuig dat sy en Gigaba dikwels by die Gupta-woning gekuier het terwyl Gigaba die Minister van Finansies was. Gigaba het erken dat hy verskeie geleenthede bygewoon het wat die Guptas aangebied het, maar hy ontken enige onderhandelings met hulle.
Die vervreemde vrou van die gewese minister van binnelandse sake, Malusi Gigaba het aan die staatskapingskommsissie vertel dat Gigaba 850 000 Suid-Afrikaanse rand by Ajay Gupta gevra het. Norma Mngoma sê die omstrede Gupta-familie het Gigaba die helfte van die geld gegee wat hy gebruik het om sy werklose suster se skuld te betaal. Sy en Gigaba verskyn vanoggend al twee voor die kommissie nadat die verrigtinge gister weens kommer oor veiligheid verdaag is. Mngoma sê Gigaba het die geld binne twee dae gekry:
Die vervreemde vrou van Malusi Gigaba het die voormalige minister van finansies daarvan beskuldig dat hy probeer het om inligting van hul elektroniese toestelle te verwyder. Norma Mngoma het teruggekeer om verder voor die staatkapingskommissie te getuig oor die voormalige egpaar se verhouding met die omstrede Gupta familie. Sy sê Gigaba het 'n IT-deskundige gekry om die inligting te verwyder:
Noma Gigaba and her estranged husband former minister Malusi Gigaba are to testify back-to-back before the State Capture Commission today. Last night's proceedings ended on a dramatic note and were halted due to security concerns.
Die Britse mediese vakjoernaal, THE LANCET, spreek sy kommer uit oor die gebrek aan sielkundige bystand aan vroue wat miskrame ervaar. Die voormalige kabinetsminister Malusi Gigaba se vervreemde vrou, Norma, het voor die Staatskapingskommissie getuig. Sommige partye in die Parlement sê hulle het begrip dat openbare ampsdraers geen verhoging vir 2020/2021 moet kry nie. En 'n springkaanplaag veroorsaak groot skade aan gewasse in die Oos-Kaap.
SA has had a dramatic political week. In this episode of Sunday Times Politics Weekly, the Sunday Times politics team guides you through the ins and outs of SA's biggest political news stories of the week. (01:28) The latest updates from the state capture commission, including the failure of the estranged wife of former finance minister Malusi Gigaba, Norma Mngoma, to appear before the commission. (09:59) KwaZulu-Natal judge Dhaya Pillay's need to defend her private financial investments, her “friendship” with Pravin Gordhan and a lunch she had with Jacob Zuma at his homestead in Nkandla during her interview with the Judicial Service Commission on Tuesday. (26:50) How comfortable should President Cyril Ramaphosa feel in his post, with the likes of Ace Magashule or Jessie Duarte in the post of ANC secretary-general?
SA has had a dramatic political week. In this episode of Sunday Times Politics Weekly, the Sunday Times politics team guides you through the ins and outs of SA's biggest political news stories of the week. (01:28) The latest updates from the state capture commission, including the failure of the estranged wife of former finance minister Malusi Gigaba, Norma Mngoma, to appear before the commission. (09:59) KwaZulu-Natal judge Dhaya Pillay's need to defend her private financial investments, her “friendship” with Pravin Gordhan and a lunch she had with Jacob Zuma at his homestead in Nkandla during her interview with the Judicial Service Commission on Tuesday. (26:50) How comfortable should President Cyril Ramaphosa feel in his post, with the likes of Ace Magashule or Jessie Duarte in the post of ANC secretary-general?
SA has had a dramatic political week. In this episode of Sunday Times Politics Weekly, the Sunday Times politics team guides you through the ins and outs of SA's biggest political news stories of the week. (01:28) The latest updates from the state capture commission, including the failure of the estranged wife of former finance minister Malusi Gigaba, Norma Mngoma, to appear before the commission. (09:59) KwaZulu-Natal judge Dhaya Pillay's need to defend her private financial investments, her “friendship” with Pravin Gordhan and a lunch she had with Jacob Zuma at his homestead in Nkandla during her interview with the Judicial Service Commission on Tuesday. (26:50) How comfortable should President Cyril Ramaphosa feel in his post, with the likes of Ace Magashule or Jessie Duarte in the post of ANC secretary-general?
It's once again time for #TrendingWith Tinashe! Take a listen to find out why Norma, ex-wife of Malusi Gigaba, is the talk of the town today, if AKA and Cassper are finally going to throw fists and what Police Minister Bheki Cele was doing at the beach.
Election Day is getting closer and closer. As South Africans prepare to go to the polls, the ANC has released its electoral lists. The lists generated instant controversy as they prominently featured certain dubious politicians, including Mosebenzi Zwane, Malusi Gigaba, Bathabile Dlamini and Nomvula Mokonyane. Why has the ANC allowed these compromised individuals to return as public representatives? Is this a sign that Ramaphosa is struggling to implement an anti-corruption programme? Or is it a simple case of "innocent until proven guilty"? Most importantly, what will voters make of the decision? Alec Hogg and Felicity Duncan dig into these questions. They also discuss the Boeing 737 Max 8 crash and Boeing's struggle to respond effectively to unfolding events.
Former South African Airways Board Chair, Cheryl Carolus, has taken the stand at the Commission of Inquiry into State Capture in Parktown, Johannesburg. Carolus and other board members resigned as board members of SAA in 2012. Carolus said at the time that her relationship with the then Public Enterprises Minister, Malusi Gigaba, had broken down irretrievably. In her testimony today, Carolus says she is disturbed by the events that have occurred in South Africa over the past 10 years. Carolus' evidence is led by advocate Kate Hofmeyr.
Maui tackles Malusi Gigaba leaving office, Jill Scott Wildin', Mark Zuckerberg meeting Kanye, the Idibala Challenge and much much more!!! (xoroyalty.net)
Following a heated week in the world of politics, Gareth relies on journalist Ivo Vegter to break down some of the biggest stories that grabbed headlines. Amongst other topics, they touch on Barbara Hogan's testimony and Malusi Gigaba's resignation. Imagine if voters had the right to recall ward councillors? And what would happen if we extended such a right to parliament too? The segment concludes with a discussion around this, following Luke Jordan from the Daily Maverick's piece titled “We will lose our power on election day”. Nando's
Business Day TV — What next for Malusi Gigaba; are we looking at a possible cabinet reshuffle; and the latest developments at the State capture enquiry. Join Peter Bruce and his guests for a look at some of the top stories making headlines this week.
In this episode we pay tribute to Stan Lee, Discuss the resignation of Malusi Gigaba, Ghost Lady gives us an update on her love life and more
MultimediaLIVE — In this week’s episode Qaanitah Hunter, Zingisa Mvumvu and Aphiwe De Klerk chat about former minister Malusi Gigaba, the bombshells emerging in the State Capture Commission and the VBS Bank scandal.
What next for Malusi Gigaba; are we looking at a possible cabinet reshuffle; and the latest developments at the State capture enquiry. Join Peter Bruce and his guests for a look at some of the top stories making headlines this week. Editing Allowed
In the 25th edition, we discuss pop culture in the USP (Usual Suspects’ Perspective) segment. Our focus then turns to controversial Malusi Gigaba’s (South African cabinet minister) media spotlight in which there are calls for him to resign following several damning scandals. We close-off the show with a discussion on the midterm elections in the United States of America.
Can SAA be saved? The president has come out to say that there is no plan to sell SAA, the minister of public enterprises agrees but the finance minister seems to think that it should be sold. Malusi Gigaba's political upheaval and the US mid-term election. Join Peter Bruce and his team as they take a look at some of the top stories of the week. Editing Allowed
Business Day TV — Can SAA be saved? The president has come out to say that there is no plan to sell SAA, the minister of public enterprises agrees but the finance minister seems to think that it should be sold. Malusi Gigaba’s political upheaval and the US mid-term election. Join Peter Bruce and his team as they take a look at some of the top stories of the week.
Home Affairs Minister, Malusi Gigaba, is this morning (Tuesday 6/11) expected to brief Parliament's Portfolio Committee on Home Affairs, on the decision to grant the Oppenheimer family permission to operate a private terminal at the OR Tambo International Airport. The Committee wants the Minister to clarify contradictions between statements he made before them and statements he made more recently. Meanwhile, the DA has called for Gigaba to be fired in light of a Public Protector finding that he had lied under oath. Tsepiso Makwetla spoke to Chairperson of the Portfolio Committee on Home Affairs Hlomani Chauke
Maui tackles Malusi Gigaba's scandalous life.
The Public Protector Busisiwe Mkhwebane has recommended that President Cyril Ramaphosa take disciplinary action against Home Affairs Minister Malusi Gigaba. This after Mkhwebane found that Gigaba had violated the Constitution and the Executive Ethics code by lying under oath when he said he had not approved a private air terminal for the Oppenheimer family in early 2016. Gigaba was afforded an opportunity to respond to the allegation, but he failed to do so. DA Member of Parliament, John Steenhuisen, had lodged the complaint. Mkhwebane has given Ramaphosa 20 days in which to act against Gigaba. Meanwhile minister Malusi Gigaba has confirmed that he has received the Public Protector's report and says he is studying it. In a short statement released last night Gigaba says he will advise on the next course of action. Tsepiso Makwetla spoke to director at Accountability Now, Advocate Paul Hoffman
MultimediaLIVE — Amil Umraw, Qaanitah Hunter and Aphiwe De Klerk debate the ANC's links to the VBS bank scandal, the DA's Patricia De Lille conundrum and Home Affairs minister Malusi Gigaba's sex video.
#TheDojo boys are back with episode 3 and on this weeks episode they discuss the passing of HHP, (32:00) The Malusi Gigaba sextape leak, (51:40) they ponder on the rules of engagement for leaving one relationship for another and how quick one should disclose that they have a partner, (1:14:00) Dez expounds on his new found theory on love. (1:22:00) the boys close off the episode discussing Marriage.
#TheDojo boys are back with episode 3 and on this weeks episode they discuss the passing of HHP, (32:00) The Malusi Gigaba sextape leak, (51:40) they ponder on the rules of engagement for leaving one relationship for another and how quick one should disclose that they have a partner, (1:14:00) Dez expounds on his new found theory on love. (1:22:00) the boys close off the episode discussing Marriage.
MultimediaLIVE — Finance Minister Tito Mboweni’s first major policy statement since returning to the cabinet almost halved the treasury’s growth forecast while predicting a steady increase in debt and borrowing. In a revision that puts the government in line with the Reserve Bank’s forecast, the state now expects the economy to grow 0.7% in 2018, compared with the 1.5% prediction that was presented by former finance minister Malusi Gigaba in February.
“Brought to you by Absa ETFs” Simon Shares Discovery* (JSE code: DSY) results were top notch and complicated as they always are. I own this stock as the business model really works, but as I have mentioned before the complexity adds risk. Risk I am happy with as most stocks I own have real simple business models. JSE (JSE code: JSE) results show HEPS down 6%. But look at value being traded these days. R25billion a day has become a regular feature, last year average was around R15billion. That equals lots of extra revenue in this financial year. Mining charter back to the drawing board. Good for local miners (of which we have very few). January CPI dropped to 4.4%, interest cuts coming to a prime rate near you? But budget may add to inflation (fuel being the one, not directly but will increase transport costs so food inflation). Up coming events; ABSA NewFunds ETF seminars (DBN, CPT, JHB and webcast) * I Hold ungeared positions #Budget2018 Firstly I think Cyril Ramaphosa may have played it real smart by letting Malusi Gigaba deliver the budget. He can now spend the next year claiming it was not his budget but a Zuma legacy budget. Overall not the train smash expected but still lots of tax increases with R36billion of extra tax. Lots of cuts to spending, R86billion over three years and which has to actually happen. VAT increased to 15% (first change since 1993), with 19 basic food items being zero-rated. Cue everybody suddenly caring about how this will hurt the poor. “Wealthiest 30% of household contribute 85% of VAT revenue”. "The Old age, disability and care dependency grants will increase on 1 April 2018 from the existing R1600 by R90 to R1690 and by a further R10 to R1700 on 1st October 2018." GDP growth 1.5% in 2018 and rising to 2.1% in 2020. I hope they are very wrong on this. No changes to; Dividend withholding tax (DWT) CGT (40% inclusion rate with first R40k exempt) Tax-free limits (annual or life time) No Nuclear. Retirement funds will be allowed to invest up to 40% outside of SA - 30% "offshore" and another 10% elsewhere in Africa. JSE added 1.25% during the speech, USDZAR 8c and government bonds back at 8%, bond levels last seen three years ago. For our investments. Consumers being taxed, no surprise. But with inflation dropping leading to prime rate likely heading lower I still like the SA Inc. investment thesis. Overall - a good balancing act albeit still a tough budget. But could have been much worse and I think Moodys will not downgrade us on the back of it. Subscriber to our feed here Sign up for email alerts as a new show goes live Subscribe or review us in iTunes. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.