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PIC director tells inquiry Mboweni told board to resign

26 February 2019 
 

A member of the Public Investment Corporation's board said on Tuesday that the board only offered to step down after it was instructed to do so by Finance Minister Tito Mboweni. 

Board member Dudu Hlatshwayo was giving evidence before the judicial commission of inquiry probing allegations of impropriety at the state-run asset manager. Her evidence contradicts what was said by board chair and deputy Finance Minister Mondli Gungubele on Monday.
 

Cashew pile up burdens Tanzania govt after unilateral purchase

22 February 2019

Tanzania government is struggling to get buyers for cashew nuts it unilaterally bought from farmers after a November 2018 price standoff with private buyers.

Government opted to buy all harvests after private buyers failed to up their prices at the request of the president John Pombe Magufuli.

The army subsequently collected all the harvests from farmers in the country’s southern region. President Magufuli doubled the price of a kilo of cashew nut from 1,500 to 3,300 shillings, or a little over $1.

Fedusa puts Dennis George on precautionary suspension over AYO deal

28 February 2019 
 

Trade union federation Fedusa announced on Thursday morning that it had placed its General Secretary, Dennis George, on precautionary suspension.

George had been placed on special leave on February 6. 

"This decision comes in the wake of allegations relating to the acquisition of shares in technology company, AYO Technology Systems," said the federation. 
 

Ebola medical centre attacked in DRC for 2nd time in week

28 February 2019 
 

The mayor of a city in the Democratic Republic of Congo and medical aid group Doctors Without Borders say intruders wreaked havoc at an Ebola treatment centre in the eastern city of Butembo, the second Ebola clinic in the region attacked in a week.

Butembo Mayor Sylvain Kanyamanda said unidentified raiders burned tents and other equipment at the centre on Wednesday.
 

Former finance minister, SANDF chief to testify at state capture inquiry

28 February 2019

Former finance minister Trevor Manuel and former SANDF chief General Siphiwe Nyanda are scheduled to testify before the Zondo commission into state capture on Thursday.

Last month, Zondo, who is chair of the commission, denied an application by the Gupta family's lawyer Mike Hellens to cross-examine Manuel.

This was the second time the family was denied opportunity to cross-examine witnesses.

Zimbabwe launches new currency measure

20 February 2019

 

Zimbabwe, without its own currency for a decade, took steps to address its worsening economic crisis by allowing its surrogate currency, bond notes, and electronic funds to float freely against other major currencies, abandoning an official but artificial parity with the dollar.

To read the article titled "Zimbabwe launches new currency measure"Click here

Anti-gay laws widespread in Africa, despite gains

21 February 2019

More than half of the countries in sub-Saharan Africa have anti-homosexuality laws, although others have moved toward legal tolerance, watchdogs say.

Twenty-eight out of 49 countries have laws penalising same-sex relationships, according to Neela Ghoshal, a Human Rights Watch (HRW) specialist in lesbian, gay, bisexual, and transgender rights.
 

Durban university wins court challenge to ban protesting students

21 February 2019

he Durban high court has granted the Durban University of Technology (DUT) a temporary interdict barring students from protesting near any of their campuses.
The university filed the urgent interdict on Wednesday against 22 respondents including the university's entire SRC, the EFF Student Command as well as all registered students.

Excise tax hike slammed by Black Tobacco Farmers Association

21 February 2019

The Black Tobacco Farmers Association (BTFA) has criticised the increase in excise tax announced by finance minister Tito Mboweni, saying it will affect their livelihoods.
Mboweni announced new increases in sin taxes on Wednesday.
In addition to excise duty hikes on alcohol, he said that the price of a pack of 20 cigarettes would rise by R1,14 to R16,66 and would increase by about 64c to R7,80 on a typical cigar.

Tax compliance is crucial for PBOs and their donors

South Africa’s Public Benefit Organisations (PBOs) do invaluable work uplifting communities and benefiting underprivileged people across our country. Sadly, most of these entities do not have the resources to ensure that they are fully tax compliant.

However, the tax status of a SARS approved Public Benefit Organisation (PBO) is crucial to its ability to raise funds and attract donors, who along with wanting to be philanthropic, are attracted by the tax deductions that come with donations to such organisations.

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