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ANC NEWS ON FASTMOVING

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ANC's ray of hope may boost retailers' prospects

ANC's ray of hope may boost retailers' prospects

14/02/2018 - 14:04
The outlook for consumer goods companies appears upbeat as a changing political landscape provides some impetus to a stuttering economy. read more
Speak out against Zuma and pay the price: Mantashe

Speak out against Zuma and pay the price: Mantashe

08/04/2016 - 09:42
ANC secretary general Gwede Mantashe has warned that ANC members who speak out against President Jacob Zuma will ‘pay the price’. read more
Solve African problems in an African way: Zuma

Solve African problems in an African way: Zuma

08/04/2016 - 09:06
President Jacob Zuma has called on traditional leaders to solve African problems in an African way, rather than through the courts. read more
Trevor Manuel calls on Zuma to step down

Trevor Manuel calls on Zuma to step down

06/04/2016 - 09:37
Former finance minister Trevor Manuel has called on President Jacob Zuma to step down. read more
Zuma threatens ANC detractors with a third term and their jobs

Zuma threatens ANC detractors with a third term and their jobs

04/04/2016 - 13:47
City Press reports that President Jacob Zuma and his backers have threatened those opposing the president with their jobs. read more
SA is an overtaxed nation - Outa

SA is an overtaxed nation - Outa

04/04/2016 - 12:15
Cape Town - South Africa is an overtaxed and uncompetitive country that is inching closer to junk status, according to chairperson of the Organisation Undoing Tax Abuse (Outa) Wayne Duvenage. read more
Zuma says sorry – and agrees to pay up for Nkandla

Zuma says sorry – and agrees to pay up for Nkandla

04/04/2016 - 08:40
In an address to the nation on Friday (1 April 2016), President Jacob Zuma said that he would respect the ruling of the Constitutional Court and would pay a portion of the fees for Nkandla. read more
SA economy already controlled by black people

SA economy already controlled by black people

30/03/2016 - 08:40
The FW De Klerk Foundation has countered Deputy President Cyril Ramaphosa’s statement that the economy is owned and controlled by white people, saying that black South Africans control economic and fiscal policy. read more
Ramaphosa denies meeting business tycoons over ministerial appointment

Ramaphosa denies meeting business tycoons over ministerial appointment

29/03/2016 - 10:52
Deputy President Cyril Ramaphosa on Saturday dismissed allegations that he had met with business leaders to discuss cabinet appointments. read more
Jonas purge could be Zuma's next move - economist

Jonas purge could be Zuma's next move - economist

22/03/2016 - 10:16
Cape Town - A Cabinet shuffle could be embattled President Jacob Zuma's next defensive move, according to emerging markets economist Peter Attard Montalto of Nomura.  read more
Here is why Government’s debt forgiveness plan is a bad idea

Here is why Government’s debt forgiveness plan is a bad idea

22/03/2016 - 09:26
Rather than helping consumers, the debt forgiveness programme being mooted by government will plunge consumers deeper into debt in the long term, according to a leading economist. read more
“Guptas did offer me the job of Finance Minister,” Jonas

“Guptas did offer me the job of Finance Minister,” Jonas

17/03/2016 - 10:38
Deputy Finance Minister Mcebisi Jonas has confirmed that the Gupta family offered him the role of Finance Minister – an offer that he said he outright rejected. read more
Grocery inquiry to cover concerns of township SMEs

Grocery inquiry to cover concerns of township SMEs

16/03/2016 - 15:09
The grocery retail sector inquiry launched last year by the Competition Commission was very significant and could address issues of food prices and market access, the economic development minister said on Tuesday (15 March). read more
Gordhan reveals what he knows about the alleged Gupta meeting

Gordhan reveals what he knows about the alleged Gupta meeting

15/03/2016 - 08:17
Finance Minister Pravin Gordhan on Monday (14 March) said he has no personal knowledge about an alleged meeting held between his deputy Mcebisi Jonas and the Guptas. read more
Hawks back off Gordhan

Hawks back off Gordhan

29/02/2016 - 09:25
There is no investigation into Finance Minister Pravin Gordhan, the Hawks confirmed yesterday (26 February), despite a series of questions sent to him about his knowledge of a so-called “rogue” intelligence unit that allegedly operated at the SA Revenue Service during his term as commissioner there. read more
Budget in a nutshell: higher income taxes and a tighter belt for government

Budget in a nutshell: higher income taxes and a tighter belt for government

25/02/2016 - 09:53
A higher tax burden for all except low- to middle-income earners, a higher fuel levy, and a lower rate of growth in government expenditure this year have allowed Treasury to fill the holes left in its budget by lower revenue collection. read more
ANC 'jilts' labour allies

ANC 'jilts' labour allies

17/02/2016 - 11:51
Johannesburg - The ANC has jilted its long-standing labour union allies and is courting business leaders to help it rescue South Africa's economy, which is teetering on the brink of a recession and a downgrade of the nation's credit rating to junk. read more
Zuma an easy target for impeachment say ANC MPs: report

Zuma an easy target for impeachment say ANC MPs: report

15/02/2016 - 10:19
President Jacob Zuma was advised by senior ANC leaders two years ago to pay back a portion of the R246-million spent on upgrades to his Nkandla home. read more
SONA 2016: Optimists see growth spurt, pessimists see junk

SONA 2016: Optimists see growth spurt, pessimists see junk

12/02/2016 - 09:34
Cape Town – President Jacob Zuma’s State of the Nation Address on Thursday (11 Feb) was seen as an important moment for him to change some key policies and strategies to reverse the plummeting growth rate and economic collapse. read more
Opposition parties react to Zuma speech

Opposition parties react to Zuma speech

12/02/2016 - 09:26
While African National Congress members were quick to praise President Jacob Zuma’s State of the Nation Address, opposition parties were underwhelmed. read more
DA rejects Zuma’s Nkandla offer

DA rejects Zuma’s Nkandla offer

04/02/2016 - 10:11
The Democratic Alliance has rejected President Jacob Zuma’s proposal to find a way to pay back some of the money for the upgrades done to his Nkandla homestead. read more
South Africans should prepare for turbulent times ahead

South Africans should prepare for turbulent times ahead

21/12/2015 - 11:25
South African President Jacob Zuma’s latest cabinet reshuffle in the Ministry of Finance is arguably the most controversial of all his executive decisions. It is the seventh cabinet reshuffle since he became president in 2009 and the third since 2014. read more
The DA wants to open parliament a month early to sack Zuma

The DA wants to open parliament a month early to sack Zuma

15/12/2015 - 09:39
The Democratic Alliance (DA) says it wants to have parliament opened in January, a month ahead of schedule, to push through a vote of no confidence in President Jacob Zuma. read more
This is how much Zuma broke the markets in just two days

This is how much Zuma broke the markets in just two days

14/12/2015 - 12:13
South African capital markets posted significant losses and saw unprecedented activity following the announcement by President Jacob Zuma, to replace minister of finance, Nhlanhla Nene, with unknown David van Rooyen. read more
Rand crashes after Zuma fires Nene

Rand crashes after Zuma fires Nene

10/12/2015 - 13:58
The rand crashed through the R15/$ level on Wednesday night after President Jacob Zuma fired Finance Minister Nhlanhla Nene and installed a relative unknown, David van Rooyen in the key portfolio. read more
Why Zuma sacked Nene according to the EFF and DA

Why Zuma sacked Nene according to the EFF and DA

10/12/2015 - 11:46
President Jacob Zuma has exercised his constitutional prerogative to appoint a new finance minister, the ANC said on Wednesday. read more
Meet South Africa’s new finance minister

Meet South Africa’s new finance minister

10/12/2015 - 11:28
Economists have described David Douglas Des van Rooyen, the man President Jacob Zuma named as Finance Minister Nhlanhla Nene’s successor in a shock announcement on Wednesday (9 December), as largely unknown, with little policy experience. read more
Nothing can stop the ANC: Zuma

Nothing can stop the ANC: Zuma

12/11/2015 - 08:17
South Africa’s poor economic performance is due to an insidious encroachment of over-regulation and state control, according to economist, Russell Lamberti. read more
New R4-billion jet for Zuma

New R4-billion jet for Zuma

09/11/2015 - 15:13
The City Press has reported that an acquisition process by Armscor is aimed at providing president Jacob Zuma with a new VIP jet that could cost up to R4 billion. read more
Post-apartheid disenchantment fuels student riots

Post-apartheid disenchantment fuels student riots

23/10/2015 - 09:54
Johannesburg - The biggest protests by South African university students in the post-apartheid era were fuelled by mounting anger over the widespread poverty and inequality that persists since the elections in 1994. read more
Corruption in South Africa is scaring global businesses away

Corruption in South Africa is scaring global businesses away

15/10/2015 - 09:22
A new survey by global risk consultancy firm ControlRisk shows that more than half of global businesses surveyed would avoid South Africa due to perceived levels of corruption. read more
13 ways ANC wants to improve SA economy

13 ways ANC wants to improve SA economy

12/10/2015 - 09:58
Cape Town - The African National Congress agreed on measures to shore up the economy, address power shortages, and improve governance at a three-day policy forum that ended on Sunday near Johannesburg. read more
E-tolls on the verge of collapsing: report

E-tolls on the verge of collapsing: report

12/10/2015 - 09:27
The Gauteng e-toll project is teetering on the brink of total collapse, and the knives are out for Sanral CEO Nazir Alli who is blamed for the mess. read more
BEE isn’t doing what it’s supposed to: former ANC treasurer

BEE isn’t doing what it’s supposed to: former ANC treasurer

21/09/2015 - 09:06
Businessperson and former ANC treasurer General Mathews Phosa has expressed misgivings about the ability of the current black economic empowerment policy to lead to real broad-based black economic empowerment (BBBEE). read more
ANC wants to introduce tax on rugby, cricket tickets in SA

ANC wants to introduce tax on rugby, cricket tickets in SA

25/08/2015 - 10:30
The ANC wants to introduce a sport ticket levy in South Africa, which will see the Department of Sport and Recreation take a 5% cut for tickets sold at professional sports events in the country. read more
South Africa is failing its economic potential

South Africa is failing its economic potential

24/08/2015 - 12:31
South Africa is generally a divided, unhappy, and increasingly corrupt country with its growth potential hampered by contradictory and ever-changing government policy. read more
ANC to push Africa agenda through trade

ANC to push Africa agenda through trade

21/08/2015 - 09:19
Cape Town – South Africa’s trade strategy should advance the African agenda, the African National Congress (ANC) said in its National General Council (NGC) discussion document released on Monday. read more
No to extra tax

No to extra tax

14/08/2015 - 08:15
Cape Town - South Africa should not consider additional tax instruments, such as a windfall tax for the country's mining sector, a commission set up to look into taxes in Africa's most advanced economy said in a report published on Thursday.  read more
Politicians’ salaries not affordable: ANC

Politicians’ salaries not affordable: ANC

31/07/2015 - 09:22
KwaZulu-Natal ANC chairperson Senzo Mchunu painted a bleak picture of South Africa’s economy at Cosatu’s 12th provincial congress in Durban on Thursday, warning that salaries in the public and private sector were spinning out of control. read more
Nene lays economic problems at SA’s door

Nene lays economic problems at SA’s door

18/03/2015 - 10:24
Finance Minister Nhlanhla Nene delivered a brutally honest message on the economy to the African National Congress lekgotla in January, acknowledging that, in part, the government was responsible for eroding SA’s economic growth potential. read more
SA institutions eroded under Zuma

SA institutions eroded under Zuma

11/02/2015 - 09:49
Johannesburg - SA’s institutions are eroding under President Jacob Zuma and policy is losing its coherence, according to Goolam Ballim, chief economist of Standard Bank Group. read more
ANC coining it from Eskom electricity crisis

ANC coining it from Eskom electricity crisis

11/02/2015 - 09:45
The ANC has made millions from doing business with Eskom, while South Africans continue to suffer the burden of load shedding every day. read more
Break Eskom monopoly or it breaks SA

Break Eskom monopoly or it breaks SA

03/02/2015 - 09:15
Cape Town - Keeping Eskom’s monopoly and control is more important to the ANC than solving this crisis, DA leader Helen Zille said in her newsletter SA Today. read more
State may sell assets to ease power crunch

State may sell assets to ease power crunch

15/12/2014 - 10:08
Johannesburg - Financial problems at Eskom have pushed the government to look into selling stakes in state companies to free up funds to update the utility and ease power blackouts.  read more
Mantashe: ANC won't privatise electricity

Mantashe: ANC won't privatise electricity

25/11/2014 - 10:56
Johannesburg - The ANC is not in favour of privatising the country's power system, despite problems with parastatal Eskom, secretary general Gwede Mantashe said on Monday. read more
Eskom's electricity struggle: Unpaid bills

Eskom's electricity struggle: Unpaid bills

20/11/2014 - 10:52
Soweto - Zodwa Madiba has not paid an electricity bill in 14 years and is resolute she never will, holding the African National Congress (ANC) to vague promises made in the dying days of apartheid to provide free electricity to all South Africans. read more
Minimum wage a ‘political game’

Minimum wage a ‘political game’

10/11/2014 - 09:36
Cape Town - The start of public hearings on a possible national minimum wage yesterday turned into something of a political spat, with the DA calling the process a “political game” on the part of the ANC.  read more
Pig-head protest misguided, says ANC

Pig-head protest misguided, says ANC

03/11/2014 - 11:28
Johannesburg - The ANC has expressed concern at the action by Cosas members who placed a pig’s head in the meat section of a Woolworths store in protest against trade relations with Israel. read more
Dissatisfaction with medium-term budget

Dissatisfaction with medium-term budget

30/10/2014 - 09:15
Parliament’s two finance committees intend to interrogate the Treasury’s fiscal plans more thoroughly than has been the case in the past. read more
Zuma wants to unlock ocean's economy

Zuma wants to unlock ocean's economy

13/10/2014 - 11:12
Johannesburg - President Jacob Zuma will launch Operation Phakisa to unlock the country's ocean economy, the presidency said on Sunday.  read more
DA slams govt for failing business

DA slams govt for failing business

23/09/2014 - 10:30
Johannesburg - The government has not helped small businesses get off the ground, DA parliamentary leader Mmusi Maimane said on Monday.  read more
Zuma cabinet to cost SA tax payers R1.3 billion

Zuma cabinet to cost SA tax payers R1.3 billion

26/06/2014 - 12:03
The Democratic Allinace has revealed that President Jacob Zuma’s new additions to his cabinet will cost tax payers approximately R36 million. read more