Business Lead South Africa

Irregular spend of national, provincial government SOEs up to R51 billion and counting

PARLIAMENT, November 21 – Irregular expenditure for national and provincial government departments, as well as state-owned entities audited by the Auditor-General amounted to R51 billion and counting, it was revealed on Wednesday.   Releasing the audit results for the 2017/18 financial year, Auditor-General Kimi Makwetu said the R51 billion excludes the irregular spending incurred by […]

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Steinmeier lauds Ramaphosa for investigating state capture scandal

CAPE TOWN, November 20 – German President Frank-Walter Steinmeier on Tuesday praised South African President Cyril Ramaphosa for probing the state capture scandal, saying the government’s newfound commitment to fighting corruption was an encouraging sign for German investors. “We have come at a time when interest in Germany in South Africa has grown anew,” Steinmeier […]

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MPs give green light to Constitutional amendment on land reform

PARLIAMENT, November 15  – Parliament’s Constitutional Review Committee will recommend that South Africa’s founding document be amended to allow for the explicit expropriation of land without compensation following a vote on Thursday.   Following months of public hearings and hundreds of thousands of submissions on the emotive issue, the Economic Freedom Fighters (EFF) presented its […]