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AFM investigate Deloitte with respect to Steinhoff debacle

In an endeavor to advance sensible and clear cash related markets, Dutch Authority for the Financial Markets (AFM) is investigating conditions which prompted Steinhoff’s widely publicised bookkeeping anomalies. AFM confirmed in a statement on Friday that it is investigating Steinhoff financial statements audited by Deloitte. “Recently international media paid much attention to alleged accounting irregularities at Steinhoff, “said AFM. Following …

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COSATU totally reinforce Shoprite strike

Tills quit ringing at retail stores     Christmas shoppers planning to push trollies loaded with essential needs and other items will on Friday return home empty-handed as tills at one the major retail stores countrywide jam. More than 30 000 workers at Shoprite Checkers and its subsidiaries including OK Furniture and Shoprite Liquor are expected to embark on one …

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Moyane continues with threatening systems

Democratic Alliance (DA) has launched a scathing attack on South African Revenue Service (SARS) Commissioner Tom Moyane. DA Deputy Minister of Finance Alf Lees accuses Moyane of opening a criminal case against Jacques Paw for publishing “confidential” tax matters in his book related to government officials supposedly entangled in fraudulent activities. “By propelling court activity that has all the earmarks …

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Ramaphosa can’t spare South Africa

There is nothing the recently elected leader of the African National Congress [ANC] Cyril Ramaphosa can do, this party is long dead, Democratic Alliance Leader Mmusi Maimane said on Monday. Maimane’s remark came not long after Ramaphosa pipped Dr. Nkosazana Zuma with 179 votes to formally turned into the ANC president. “The ANC is dead and can’t self-amend, regardless of …

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Ramaphosa is the president

While there were singing and moving for the duration of the day by thousands of campaigners of the African National Congress [ANC] presidential candidates, party officials took to online networking uncovering who they voted in favour of. Astonishing quiet from spectators, kicked in when a voice resounded inside the Nasrec Conference lobby, outside Soweto early evening on Monday to announce …

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The Hawks must investigate Koko

Democratic Alliance (DA) has on Monday laid criminal accusations against the recently reinstated Eskom CEO, Matshela Koko. DA Shadow Minister of Public Enterprises Natasha Mazzone said charges against Koko takes after the “sham” disciplinary hearing, clearing Koko of all charges relating to misconduct. “We have laid charges as far as the Public Finance Management Finance Act (PFMA) as we trust …

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Minister Brown gives strong advice to new Eskom board

Public Enterprises Minister Lynne Brown has instructed Eskom’s new board to take decisive action to address challenges of leadership, governance, ethics and liquidity. The Minister on Friday introduced Eskom’s new board at a special general meeting (SGM). “Among my first instructions to the board was to engage in the process of appointing a new Group Chief Executive as a priority,” …

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EFF and DA see on Free Education contrast

The affirmation by President Jacob Zuma that the government l will introduce totally financed free higher education and training for poor and working-class undergraduate students was met with blended responses from restriction parties. While the Economic Freedom Fighters (EFF) hailed the new plan as a vital generational triumph of the Fees Must Fall Movement, Democratic Alliance (DA) sees it as …

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Free higher education for poor, working class students

President Jacob Zuma has announced that government will introduce fully subsidised free higher education and training for poor and working-class South African undergraduate students, starting in 2018 with students in their first year of study at public universities. This will be done in a phased-in approach over a period of five years. “This policy intervention will enable the government to …

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Matshela Koko disciplinary hearing a joke, DA to lay charges, mulling over

Democratic Alliance (DA) will on Monday lay criminal charges against reinstated Eskom Chief Executive Officer, Matshele Koko. This takes after affirmed steps were taken by the Power Utility, clearing Koko of wrongdoing and along these lines gave him his job back, in spite of being “vigorously” involved in lucrative multi-million rands contracts. DA Shadow Minister of Public Enterprise Natasha Mazzone …

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