Minister of Police Senzo Mchunu has placed gang-related crimes top of his list of priorities for the next five years. Mchunu, who was recently moved to the police ministry, outlined his major focus areas on Monday. In the 2022/23 financial year, police recorded over 800 gang-related murders in the country, with more than 80% of them being in Western Cape. Mchunu said its rise in parts of the country is […]
LOCAL Crucial items in the food basket, such as bread and milk, contribute to more than half the Household Food Basket. This is according to data from the Household Affordability Index. Programme Coordinator, Mervyn Abrahams says transport, debt servicing and electricity is also being prioritized over groceries. It comes as South African consumers are battling against increases in the fuel price, as well as inflation and interest rates. Consumers are […]
LOCAL Economic Freedom Fighters (EFF) members and supporters are expected to march to Parliament in Cape Town on Wednesday morning ahead of Finance Minister Enoch Godongwana’s Budget Speech in the afternoon. The party is among others opposed to the International Monetary Fund (IMF) and World Bank loans to bail out the country’s economy. EFF spokesperson Sinawo Tambo says the party is not expecting anything new from Godongwana. “We expect further […]
Trade union federation Cosatu has labelled the 2020 Budget "provocative", saying that instead of a clear diagnosis of the problems facing SA, National Treasury attempted to "dump the bill for industrial-scale looting on public servants". A key item in the Budget was a proposal to cut the state's wage bill by R160.2 billion over three years. Treasury proposed cuts of R37.8 billion in 2020/21, R54.9 billion in 2021/22 and R67.5 […]
Representatives of SA's banking and financial services industry say they are finding it difficult to understand government's rationale behind establishing a commercial state bank. Delivering the Budget in Cape Town on Wednesday, Finance Minister Tito Mboweni said government would proceed to establish a new state bank whose "architecture will be that of a retail bank operating on commercial principles". "The state bank will be subject to the Banks Act, and […]
Lebanon's parliament on Monday endorsed a 2020 budget that analysts say does little to address the country's economic and financial crisis, during a controversial session that protesters had attempted to prevent from taking place. Some opponents deemed the budget unconstitutional because it was referred to parliament by the cabinet of former prime minister Saad Hariri shortly before it was brought down by massive protests that first swept the nation on […]
Finance Minister Pravin Gordhan has announced hard-hitting increases in personal income tax of R16.5bn for 2017-18‚ as economic growth stutters and revenue collection falls short of expectations. These increases are part of a total R28bn package of tax hikes. Tax revenue has deteriorated by a further R7bn since the medium-term budget policy statement in October and is now forecast to be R30.4bn lower than the 2016-17 budget estimate‚ indicating a deterioration […]
VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.
