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2 episodes with Malusi Gigaba
2 episodes with Malusi Gigaba
28 episodes with Malusi Gigaba
2 episodes with Malusi Gigaba
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.
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 cabinet minister Malusi Gigaba has told the State Capture Commission of Inquiry his estranged wife, Norma Gigaba has a creative imagination.
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.
Former minister, Malusi Gigaba has taken the stand at the State Capture Inquiry. He's been implicated in corruption by some witnesses.
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 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:
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 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 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?
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
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
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.
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
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.
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.
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
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.
Taking a look at some of the week's hottest current affairs topics, journalist Katharine Child joins Gareth and the team to comment on Finance Minister Tito Mboweni, the ConCourt's ruling against Malusi Gigaba and Bathabile Dlamini, the Wellington farm attack, and a march by ANC supporters for better service delivery. Then, Katharine concludes by looking at the VBS bank saga and who could possibly be the next public prosecutor. Brought to you by Nando's. Nando's
South Africa will ease some immigration restrictions, in an effort to boost investment and tourism but the South African Tourism Association says it's a litle too late. The changes to immigration rules are part of a broader economic turnaround programme announced by President Cyril Ramaphosa last week. Home Affairs Minister, Malusi Gigaba, says minors travelling in and out of South Africa will be required to prove both parents' consent. Gigaba was briefing the media in Pretoria on the amendments to the visa regulations. In June 2015 new rules required parents to carry an unabridged birth certificate for accompanying children and consent letters from parents who were not traveling.
Home Affairs minister, Malusi Gigaba, is expected to appear before Parliament's inquiry into the naturalisation of the Gupta family today. The chairperson of Parliament's Home Affairs inquiry, Hlomani Chauke, says it has been brought to his attention that a witness in this matter, Ashu Chawla, is out of the country. The committee is in its second phase of the inquiry, to clear up some questions it still has. Chawla is the former Chief Operating Officer of Sahara computers. This is what former home affairs official Richard Skhakhane responded to questions from MPs...
Long queues and prolonged waiting at Home Affairs offices will soon be a thing of the past. Home Affairs, minister Malusi Gigaba has met all senior managers across the country to come up with solutions. Never-ending queues, constant crashing of the online system have been plagueing the department. Minister Gigaba's spokesperson Mayihlome Tshwete provided more information on the meeting.
Home Affairs Minister Malusi Gigaba says he did not interfere in the tender processes during the time he was Public Enterprises Minister from 2010 to 2014. Gigaba YESTERDAY appeared before the Eskom parliamentary inquiry into alleged state capture. He was responding to various allegations levelled against him by some of the witnesses who testified in the inquiry. Our Parliamentary Correspondent Mercedes Besent reports.
Home Affairs Minister Malusi Gigaba says he did not interfere in the tender processes during the time he was Public Enterprises Minister from 2010 to 2014. Gigaba YESTERDAY appeared before the Eskom parliamentary inquiry into alleged state capture. He was responding to various allegations levelled against him by some of the witnesses who testified in the inquiry
Analysts and the opposition say President Cyril Ramaphosa's cabinet reshuffle has exposed how fragile his support still is within the ranks of the ANC, or how unwilling he is to deal with corruption. Commentators say moving Bathabile Dlamini to Women in the Presidency and Nomvula Mokonyane to Communications, returning Thulas Nxesi to Public Works, and Malusi Gigaba to Home Affairs among others, are an indication of how much he had to compromise. Elvis Presslin spoke to SACP 1st deputy SG, Solly Maphaila; EFF's Godrich Gardee and Mavuso Msimang of Future SA
Malusi Gigaba quotes Kendrick How To Survive A Kiddies Party Weird Second Hand Goods - Slightly used coffins Born 4 Crime: A Movie The Vice Botched National Anthems #NeverForget Wait vs Want Scale The Last Chancers Team Date Site Dealbreakers and Makers
“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.
Finance Minister, Malusi Gigaba has announced an increase in Value Added Tax to fifteen percent, which will be implemented from the 1st of April. This is the first increase in 25 years in order to cut the budget deficit and stabilise debt over the next three years. Tsepiso Makwetla spoke to Chief investment officer at Makwe Fund Managers Makwe Masilela...
Political parties in Parliament expect Finance Minister Malusi Gigaba to strike a delicate balancing act between government's spending priorities and the burgeoning budget deficit. Gigaba is expected to table the budget speech in parliament at 2 o'clock on Wednesday. This comes as opposition parties have been calling for Gigaba's sacking accusing him of failing to ensure financial stability at State Owned Enterprises that fall under Treasury. Lulama Matya
Market analyst, Wayne McCurrie looks at Asian Markets in the midst of Lunar New Year holiday and the day before finance minister, Malusi Gigaba's much anticipated budget speech
This year's budget speech by Minister, Malusi Gigaba is expected to be one of the hardest he has yet had to address. Sakina Kamwendo spoke to Faith Ngwenya, technical executive at the South African institute for professional accountants who says it is a daunting task for Gigaba to try and budget what we as the country have available to us
SABC Senior Economics reporter, Nompumelelo Siziba looks at South African markets as the bleeding doesn't seem to be ending, the rand fairs and the budget speech expected to take place on 21 Feb and speculation is rife that Finance minister, Malusi Gigaba will fill the hole in government finances
As the ANC LEKGOTLA drew to a close and ANC PRESIDENT AND DEPUTY PRESIDENT CYRIL RAMAPHOSA gets ready to head for the World Economic Forum in Davos Switzerland, Finance Minister Malusi Gigaba says the transition in the ANC is part of the good story they will tell Issuing a stern warning to State Owned Enterprises, Gigaba said the decisions taken on Eskom and the Free State Dairy show that government will not tolerate corruption NTHAKOANA NGATANE REPORTS:
Finance Minister Malusi Gigaba has deferred to the Presidency as he refused to weigh in on reports that President Jacob Zuma could announce free higher education for all in the country. Gigaba is leading a high-powered government delegation on a multi country investor roadshow that begins in New York and includes stops in Tokyo, Hong Kong, Beijing and Singapore. Correspondent Sherwin Bryce-Pease spoke to the minister about this and some investor concerns around policy uncertainty and speculation that the ANC's Policy Conference in December might be postponed. Our correspondent in New York, Sherwin Bryce-Peace reports.
Die minister van Finansies, Malusi Gigaba, sê President Jacob Zuma het 'n ondersoek na die Suid-Afrikaanse Inkomstediens goedgekeur. 'n Afgetrede regter sal die ondersoek na die onderverhaling van belastinginkomste lei. Ons praat hieroor met die politieke en beleidsontleder prof. Erwin Schwella van die Skool vir Publieke Leierskap by die Universiteit Stellenbosch.
Die minister van Finansies, Malusi Gigaba, sê President Jacob Zuma het 'n ondersoek na die Suid-Afrikaanse Inkomstediens goedgekeur. 'n Afgetrede regter sal die ondersoek na die onderverhaling van belastinginkomste lei. Gigaga sê die kommissaris van die Inkomstediens, Tom Moyane, is oor die ondersoek ingelig en het onderneem om sy samewerking te gee. Ons praat met 'n ekonoom by Rebalance Fund Managers, Dr Chris Harmse.
Die minister van finansies, Malusi Gigaba, se besluit om 'n kommissie van ondersoek na die Inkomstediens in te stel, is baie vreemd. Dit is die reaksie van ontleders na die aankondiging deur die minister. Boonop is dit die soveelste kommissie wat ondersoek moet instel na 'n staatsinstelling. Izak du Plessis het aan die politieke ontleder Theo Venter gevra hoekom daar so baie kommissies van ondersoek in die land is.
Fine Music Radio — It’s all been about the poor performance of our economy, slow growth, you name it. A week of painful introspection, no matter how Malusi Gigaba dresses up his words or indeed his person with designer suits and spectacles. There is a lot of talk, comment, on how the economy could be vamped up, efficiencies increased, corruption rooted out. There must be hope for a better deal in the future. What are politicians without hope? Most commentators say there’s nothing much that the Minister can offer, as we’re tied to the current model of the market, selling of minerals and a bit of agricultural produce – in short the same thing as before. But wait, say the alternative society protagonists – it’s time for a new socio-economic paradigm. Paradigm? One of those fashionable words that make you sound clever – it simply means model of how things work. Let’s change the paradigm of society and the economy says the A I D C, the Alternative Information and Development Centre. Since 2011 they’ve been working on this new paradigm, which will radically change the way we trade, the way we live. And I mean radically, as the AIDC thinking is unashamedly to the Left, or against the capitalist paradigm that we are firmly entrenched in. So what to do? Create a Million Climate Jobs! What do they mean, climate jobs? We’re coming to that. First though South Africa has to transition away from the Minerals-Energy complex that continues to dominate our capitalist economy, to a low-carbon economy in which the basic needs of communities are met in an equitable, sustainable and affordable way. There have been developments in the right direction since 2011, but the solutions are being pursued with the logic of the capital market. In these six years there have been many developments – for instance, renewable energy is now firmly established as part of the energy mix (although still a minor part); retrofitting buildings, and the development of environmentally friendly construction methods The Alternative Information and Development Centre
Die minister van finansies, Malusi Gigaba, het vanjaar se Mediumtermynbegrotingsoorsig onder die valkoë van opposisiepartye, die finansiële markte, gaderingsagentskappe en politieke waarnemers gelewer. Heindrich het die ekonoom Dawie Roodt en die politieke ontleder dr. Piet Croucamp hieroor gepols.
Vandag sal die Minister van Finansies,Malusi Gigaba sy eerste medium termyn begrotingsraamwerk beleidstoespraak lewer. Te midde van 'n sukkelende ekonomie plaaslik en wereldwyd, beleidsonsekerheid en staatskapingsondersoeke waarby Gigaba se naam betrek word, sal alle oë op die parlement wees vanmiddag. Die ontleders in die ateljee is, Dr Chris Harmse, hoof ekonoom van Rebalance Fonds bestuurders, Pietman Roos, AGRI SA Bestuurder Korporatiewe sake en voorheen beleidskonsultant by die Suid-Afrikaanse Kamer van Koophandel en Nywerheid en Lullu Krugel , hoof ekonoom van KPMG.
Die Wes-Kaapse minister van finansies, dr. Ivan Meyer, vertel vir Monitor van sy verwagtinge van min. Malusi Gigaba se mediumtermynbegrotingsoorsig. Heindrich Wyngaard het met hom gepraat.
Die VF Plus-leier dr. Pieter Groenewald, die DA se David Ross en die ACDP se Steve Swart praat op Monitor oor wat hulle in min. Malusi Gigaba se mediumtermynbegrotingsoorsig wil hoor. Heindrich Wyngaard het die vrae gevra.
Die Minister van Finansies, Malusi Gigaba sal môre sy eerste Medium Termyn Begroting Oorsigrede lewer. Die hoofekonoom van die Efficient Groep, Dawie Roodt sê Gigaba kan sy politieke staal wys, deur om moeilike besluite te neem.
Business and labour are dreading Finance Minister Malusi Gigaba's first medium-term budget policy statement on Wednesday. The Minister will deliver his speech in the midst of pressures from poorly-performing State-Owned Enterprises, a sluggish economy and hovering rating agencies. While unions are still expecting an annual increase for public servants, stakeholders are all worried about where Gigaba will get funding to keep the government going and jump-start economic growth. Angela Bolowana reports...
Fine Music Radio — It’s all been about the poor performance of our economy, slow growth, you name it. A week of painful introspection, no matter how Malusi Gigaba dresses up his words or indeed his person with designer suits and spectacles. There is a lot of talk, comment, on how the economy could be vamped up, efficiencies increased, corruption rooted out. There must be hope for a better deal in the future. What are politicians without hope? Most commentators say there’s nothing much that the Minister can offer, as we’re tied to the current model of the market, selling of minerals and a bit of agricultural produce – in short the same thing as before. But wait, say the alternative society protagonists – it’s time for a new socio-economic paradigm. Paradigm? One of those fashionable words that make you sound clever – it simply means model of how things work. Let’s change the paradigm of society and the economy says the A I D C, the Alternative Information and Development Centre. Alternative Information and Development Centre
Die Minister van Finansies, Malusi Gigaba se eerste Medium Termyn Begrotingsraamwerk Toespraak word oor net meer as twee weke gelewer. Alle oë is op hom met betrekking tot sy 16-punt plan, asook die hantering van die krisis by staats-beheerde instellings. Spektrum het met ekonome oor die saak gepraat.
Finance Minister Malusi Gigaba has given the assurance that state pension funds will not be used recklessly to support ailing state companies such as the SAA. Gigaba addressed the media in Pretoria on Tuesday amid concerns that the Public Investment Corporation was under attack from those who wish to use its funds to bail out struggling state firms. The PIC manages close to two-trillion rand in state pension funds. Gigaba says he takes a very dim view of reports which, he says, drags his name through the mud, regarding allegations of attempted state capture concerning the PIC. Amina Accram compiled this report...
Staatsdienspensioenfondse is nie veilig nie, ondanks dit wat die Minister van Finansies, Malusi Gigaba onderneem het. Dit is die mening van Emeritus Professor in openbare leierskap en bestuur aan die Universiteite van Stellenbosch en Johannesburg, Fanie Cloete. Dit volg na Gigaba se uitlatings gister tydens 'n mediakonferensie dat die Openbare Beleggingskorporasie se fondse nie geplunder sal word om sukkelende staatsinstellings te red nie. Gerugte het die naweek in koerante die rondte gdoen dat die OBK vrese het in die verband. Cloete sê dat Gigaba nie baie geloofwaardig is nie
The minister of finance, Malusi Gigaba has asked state departments to review all work done by KPMG to ensure audit processes have not been compromised. This follows a KPMG statement a week ago in which it retracted findings about a so-called rogue unit at SARS and admitting to doing unethical work for the Gupta family. Tsepiso Makwetla spoke to Sygnia Group's Chief Executive Office, Magda Wierzycka...
Die sakesektor moet verseker dat daar ekonomiese groei in die land is en Suid-Afrikaners moet aanhou om hulle belasting te betaal. Dit is die boodskap van die finansiesminister, Malusi Gigaba tydens die opening van die 2017 Belasting Indaba wat tans in Sandton gehou word. Gigaba sê fiskale en monetere beleid moet verbruikers aanmoedig om te bestee. Die ekonoom Ulrich Joubert sê verbruikers vertrou tans nie die situasie nie en bestee dus glad nie. Hy het met Suzanne Paxton gepraat.
Die Tesourie word dalk gekaap deur diegene wat die Gupta's goedgesind is. Dit is die vrees wat die hoof ekonoom van Economist punt co punt za, Mike Schussler uitgespreek het kort na die aankondiging dat daar groot persooneel skommelinge in die tesourie plaasgevind het. Die minister van finansies, Malusi Gigaba het Schalk Human die trekpas gegee, Vrydag. Human was die hoof aankope- beampte, wat ook glo betrokke was by die ondersoek teen Tigeta en Eskom se steenkool kontrakte. Schussler sê die minister se optrede is verdag en dit gaan die markte onseker stem.
Finance minister, Malusi Gigaba, says he will institute a forensic investigation into why a one billion rand project at the National Treasury has not yielded any results, after more than 10 years. Treasury's Integrated Financial Management system was started in 2005. Its aim is to bring all financial, supply chain and human resource managements in government under one system. Parliament's Standing Committee on Public Accounts roasted officials for the lack of action over this long period. Zalene Merrington reports...
The national carrier, South African Airways, has asked for a ten-billion rand bailout. Finance minister Malusi Gigaba revealed this in a reply to parliamentary questions. He declined to say if the request had been granted. SAA was provided with state funds this month to help it repay loans of more than two billion rand to British bank, Standard Chartered. Tsepiso Makwetla spoke to the University of Johannesburg's Department of Economics and Econometrics' Associate Professor, Nicholas Ngepah...
Economists have expressed doubt about a short-term action plan unveiled by Finance Minister Malusi Gigaba to boost confidence in the economy. Gigaba announced a 14-point blueprint for economic recovery at the Johannesburg Stock Exchange today. He says the action plan will be co-ordinated by the President and will be implemented by various ministers to ensure that all targets are achieved on set time-frames. Tsepiso Makwetla spoke to Economist at Nedbank Group, Busisiwe Radebe...
Information has emerged alleging that former Home Affairs, Malusi Gigaba unjustifiably approved the citizenship for the Gupta family. In a statement, the Economic Freedom Fighters (EFF) say that the Gupta family's application was initially declined because they did not meet the requirements for naturalisation. However, a few months later, after the intervention of the former Home Affairs Minister, the application was approved. Sakina Kamwendo speaks to the EFF's Chairperson Advocate Dali Mpofu
Social media was abuzz this week following a TV interview by Finance minister, Malusi Gigaba's wife Norma. In the interview, Norma Gigaba said that she was involved in improving the IT at the Department of Home Affairs. On Tuesday the minister, during his parliamentary oversight committee appearance, had to answer questions relating to his wife, among other issues from the EFF . This is not the first time the Gigaba's had their private lives posted over social media, previously Gigaba had to defend allegations of an affair in 2015. Managing Director of Roi Africa, Tonya Khoury tells us how important it is to watch what we put on social media...
Minister of Finance, Malusi Gigaba, says black people - especially those in townships and rural areas - should be given an opportunity to own the economy in order for the country to achieve inclusive economic growth. Gigaba was speaking ahead of the World Economic Forum Africa conference which started in Durban on Wednesday morning. Gigaba joined international media on a tour around Durban's townships on Tuesday and says the conference should not just focus on big business but include informal traders. Sakina Kamwendo spoke to Head of WEF Africa, Elsie Kanza....
Finance Minister Malusi Gigaba begins a multi-city roadshow of the United States in Washington tomorrow where he will participate in the annual Spring Meetings of the International Monetary Fund and the World Bank. This will be his first international trip after the axing of his predecessor Pravin Gordhan that subsequently led to the country's credit rating being downgraded twice to sub investment grade or junk status. Gigaba will also travel to New York and Boston where he plans to reassure investors of the country's commitment to fiscal discipline and work to prevent South Africa from suffering a third downgrade from Moodys. Sherwin Bryce-Pease reports
The Minister of Finance, Malusi Gigaba, says there will be no deviation from the Public Finance Management Act at a time when nuclear energy is procured. There have been concerns about the country's ability to afford the nuclear build programme. Gigaba was addressing investors as well as stakeholders yesterday morning (Wednesday 12 April) at the Development Bank of Southern Africa in Midrand. He assured them that government will continue working towards ensuring that inclusive growth is achieved. He also reiterated that he will continue on the path of fiscal consolidation as was the case when Pravin Gordhan was leading the treasury. MorafeTabane reports
President Jacob Zuma says he has met with Finance Minsiter, Malusi Gigaba, SARS Commissioner, Tom Moyane and Reserse Bank Governor, Lesetja Kganyago to discuss the recent downgrades by Standard and Poor's and Fitch rating agencies. Last week, the two rating agencies downgraded South Africa to non-investment grade, this as result of the cabinet reshuffle. Earlier I Spoke of Senior Director & Head of Middle East and African sovereigns at Fitch Ratings, Jan Friederich..
President Jacob Zuma's supporters have launched a scathing attack against senior ANC members who became critical to the president following last week's cabinet reshuffle. President Zuma has been widely condemned by civil society, political parties and some within the ANC for changes to his executive. He amongst others replaced former finance minister Pravin Gordhan with Malusi Gigaba. The ANC youth league has lauded the move saying bringing in younger leaders in government will fast track delivery of government programmes. Senior political journalist Amos Phago reports.
Finance Minister, Malusi Gigaba has acknowledged that the recent credit downgrade by ratings agency Standard and Poor's is a setback. Gigaba has urged South Africans to unite in order to reignite the country's economic growth. While addressing members of the media in Pretoria on Tuesday says he has not been able to meet with former minister Pravin Gordhan. Our reporter, Amina Accram reports
There are allegations that the new minister of Finance, Malusi Gigaba has signed the nuclear deal. Gigaba said at the weekend that he would not be reckless when it came to funding for plans to add more nuclear power to the country's energy mix. Sakina Kamwendo speaks Finance Minister Malusi Gigaba's spokesperson, Mayihlome Tshwete
President Jacob Zuma has sacked Finance Minister Pravin Gordhan after days of speculation that rocked the country's markets and currency. In a cabinet reshuffle late last night, the Presidency replaced Gordhan with Malusi Gigaba. The Deputy Finance Minister, Mcebisi Jonas, was also given the boot making Sfiso Buthelezi the new Deputy. Earlier this week, President Zuma recalled Mr Gordhan from an International Investment Promotion Road International Investment Promotion Road show in the United Kingdom and the United States. Sakina Kamwendo speaks to the ANC's Secretary General, Gwede Mantashe, for more.
The department of Labour and Home Affairs have set up seperate investigations into the alleged import of over two hundred workers from China. Sephaku has reportedly imported hundreds of Chinese labourers to work at its plant in Lichtenburg . PPC cement company in Slurry near Mahikeng also recently imported over two hundred workrs from China on a project worth R1,7 billion rands. The company says this helps to save 25% of profit. Meanwhile, Home Affairs minister, Malusi Gigaba has warned businesses to employ a majority of South Africans.
President Jacob Zuma has condemned the tendency of discussing leadership succession before the period is opened, including leaders whom he says are obsessed with positions. President Zuma was addressing thousands of ANC supporters gathered in KwaDukuza during the party's 105 year celebration. ANC Treasurer General Zweli Mkhize and some NEC members including Malusi Gigaba, Nathi Mthethwa, Syabonga Cwele and former KwaZulu-Natal Premier Senzo Mchunu attended the provincial celebration. Vusi Makhosini reports...
Struggle icon, Winnie Madikizela-Mandela, has been showered with accolades at her 80-th birthday party in Cape Town. Dignitaries from all walks of life attended the glamorous affair at the Mount Nelson hotel. Guests included various cabinet ministers like Malusi Gigaba and Dr. Blade Nzimande as well as EFF leader, Julius Malema and Cape Town mayor, Patricia de Lille. This report by Zalene Merrington...
There has been a seven percent increase of foreigners entering South Africa over the festive season despite the new strict visa regulations introduced by the Home Affairs Department. High volumes were recorded of people coming from countries like Lesotho, Zimbabwe, Mozambique, UK, Germany, United States and Namibia. Home Affairs Minister, Malusi Gigaba, elaborates.
South Africa will introduce a special permit for Basotho living, working or studying here from 2016. Home affairs minister Malusi Gigaba announced the Lesotho special dispensation - a much awaited outcome - at the conclusion of two days of talks with his Lesotho counterpart Lekhetho Rakuoane. Nthakoana Ngatane reports
More on Sakina Kamwendo's interview with Home Affairs Minister Malusi Gigaba on xenophobia. Gigaba says there is no excuse for the current spate of xenophobic attacks. The Minister says people should take their grievances to government. Five people have been killed and many foreign nationals have fled their homes since the attacks started two weeks ago
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