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Dear South Africa

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🟢 BAD NEWS TO SOUTH AFRICA'S NEW STATE OWNED BANK July 14, 2024 by Shaun Jacobs At the end of March, the Postbank had R7.56 billion in deposits, down R503 million from the same time in 2023. It struggles to stem the losses as it gears up to launch as a full-service commercial bank in the coming year. The Reserve Bank revealed this in its Quarterly Bulletin, which included data about deposits held with the country’s commercial banks, mutual banks, and Postbank. The Postbank has been operational in South Africa for several years under the South African Post Office but is being transformed into the state’s first fully-fledged commercial bank. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://mybroadband.co.za/news/investing/544479-bad-news-for-south-africas-new-state-owned-bank-0700.html
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Bad news for South Africa’s new state-owned bank

South Africa’s new state bank is struggling to stem an outflow of deposits before its upcoming launch as a full-service commercial bank.

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🟢 LEGAL CHALLENGE TO MK MP HLOPHE'S JSC APPOINTMENT 10th July 2024 by Chris Steyn There has been outrage in some circles over the National Assembly’s decision to designate as members of the Judicial Service Commission and Magistrates Commission, MPs “who have previously been found guilty of misconduct or have been criticised by courts for ethical breaches, such as Dr John Hlophe and Ms Faith Muthambi”. In this interview with BizNews, Mbekezeli Benjamin of Judges Matter says: “So for us, it is ironic and it is really inappropriate for the people who are scrutinising lawyers to be judges and magistrates are themselves unethical or have been found to have been unethical. Parliament as a body was supposed to be careful and thoughtful in who it puts forward, especially when there are findings by the Judicial Service Commission that said that Dr. Hlophe was guilty of gross misconduct, which is the worst form of misconduct that a person holding judicial office can be found guilty of. They completely ignored those findings and they said he’s suitable to sit on the JSC. So that is the argument that has been made and that case is being filed by the Freedom Under Law NGO.” ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://www.biznews.com/interviews/2024/07/10/mk-mp-hlophes-jsc-appointment
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Legal challenge to MK MP Hlophe’s JSC appointment …

Dr. Hlophe was guilty of gross misconduct, which is the worst form of misconduct that a person holding judicial office can be found guilty of.

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🟢 OFFICIAL STATISTICS THROWN INTO QUESTION DAILY FRIEND Daily Friend Official statistics thrown into question OPINIONS IVO VEGTER JUL 12, 2024   -LISTEN TO THIS Accurate statistical data is critical for informed decision making. Yet Stats SA is under-resourced and allegedly produces poor data. It will not come as a shock to those who follow the affairs of Statistics South Africa, the sole producer of official statistics of all kinds in the country, that the quality of its output is being called into question. Tamar Kahn reports in Business Day that the 2022 Census has been described as a “work of fiction” by University of Cape Town demographer Tom Moultrie. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://dailyfriend.co.za/2024/07/12/official-statistics-thrown-into-question/
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Official statistics thrown into question - Daily Friend

Accurate statistical data is critical for informed decision making. Yet Stats SA is under-resourced and allegedly produces poor data. It will not come as a

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🟢 NEW HEALTH MINISTER: ARON MOTSOALEDI DOUBLES DOWN ON NHI Newly appointed health minister Aaron Motsoaledi says he is determined to push ahead with the ANC’s controversial plans for National Health Insurance (NHI), despite legal challenges and opposition from political parties in the new government of national unity. In an interview with Business Day on Thursday, Motsoaledi extended no olive branch to the private sector and castigated medical schemes and private healthcare providers for profiting at patients’ expense. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://www.businesslive.co.za/bd/national/health/2024-07-12-new-health-minister-aaron-motsoaledi-doubles-down-on-nhi/?utm_medium=Social&utm_source=Twitter#Echobox=1720757310
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New health minister Aaron Motsoaledi doubles down on NHI

Motsoaledi says the new system will level the playing field between rich and poor

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🟢 MAJOR WIN FOR PROPERTY RIGHTS AND FIGHT AGAINST LAND INVASION IN SOUTH AFRICA Both the High Court and Supreme Courts of South Africa have rejected a bid to strike down the legal right of landowners to protect their property from unlawful occupation. According to the City of Cape Town, the Economic Freedom Fighters (EFF) and the South African Human Rights Commission (SAHRC) have been trying to prevent the city from taking action against illegal occupiers of municipal land—without a court order—by evoking the Prevention of Illegal Eviction and Unlawful Occupation of Land (PIE) Act. However, the country’s courts have so far rejected these attempts by upholding the right of counter-spoliation—the act of retaking property in the process of being taken away—as lawful and not unconstitutional. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://businesstech.co.za/news/government/782128/major-win-for-property-rights-and-fight-against-land-invasion-in-south-africa/
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Major win for property rights and fight against land invasion in South Africa

The City of Cape Town has scored a significant victory for property rights and protection against illegal land invasions in South Africa.

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🟢 SOUTH AFRICA'S ELECTRICITY PRICES WAY ABOVE AVERAGE - AND MORE EXPENSIVE THAN MOST OF AFRICA July 11, 2024 by Hanno Labuschagne South Africa’s residential electricity prices are well above the average tariff in 144 countries and more expensive than in most African countries, according to GlobalPetrolPrices. The vast majority of South Africa’s electricity supply comes from Eskom. For many years from its founding and through the first decade of South Africa’s democracy, Eskom had among the cheapest electricity prices in the world. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://mybroadband.co.za/news/energy/543829-south-africas-electricity-prices-way-above-average-and-more-expensive-than-most-of-africa.html
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South Africa’s electricity prices way above average — and more expensive than most of Africa

Most of South Africa’s neighbours have lower electricity tariffs, despite getting much of their supply from Eskom.

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🟢 R200 PREPAID ELECTRICITY TAX CHANGES COMING - WITH A BIG CATCH Member of the Mayoral Cabinet (MMC) for Finance in the City of Joburg, Dada Morero, says that a review of the newly-introduced R200 per month prepaid electricity surcharge will During an extraordinary sitting of council on Tuesday (9 July), Morero said that the executive had committed to reviewing the surcharge following outrage from communities and electricity users when it came into effect at the start of the month. Speaking to Newzroom Afrika, he has now clarified that the review is unlikely to remove the charge entirely but rather find a way for the city to meet residents “halfway”. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://businesstech.co.za/news/energy/781927/r200-prepaid-electricity-tax-changes-coming-with-a-big-catch/
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R200 prepaid electricity tax changes coming – with a big catch

The City of Joburg says it will review the R200 prepaid electricity surcharge – this is what to expect, and the earliest residents will be able to see changes.

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🟢 FREE HOUSES TO VIP SECURITY  - HOW MUCH YOU'RE PAYING FOR SOUTH AFRICA'S 75 MILLIONAIRE MINISTERS Preliminary estimates indicate that South Africans could expect to pay at least R1.2 billion annually for the country’s 75 Ministers and Deputy Ministers. This is according to an analysis conducted by BusinessTech into the average annual costs of these National Executive positions. According to the analysis, the estimated annual costs of South Africa’s Ministers and Deputies will be made up of: ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://businesstech.co.za/news/government/781596/free-houses-to-vip-security-how-much-youre-paying-for-south-africas-75-millionaire-ministers/
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Free houses to VIP security – How much you’re paying for South Africa’s 75 millionaire ministers

With a record 75 Ministers and Deputies in the seventh administration, the National Executive’s cost to the fiscus is expected to increase quite significantly.

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🟢 SARS WORKING TO GET SOUTH AFRICA OFF THE GREYLIST The South African Revenue Service’s compliance crusade will raise the country’s regulatory and compliance monitoring to be on par with international standards and hopefully aid in removing South Africa from the Financial Action Task Force’s (FATF) greylist. This is according to Tax Consulting SA’s head of strategic engagement and compliance, Jashwin Baijoo. He said SARS and the Companies And Intellectual Property Commission (CIPC) have made significant efforts in cracking down on industry roleplayers to ensure compliance. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://dailyinvestor.com/finance/57244/sars-working-to-get-south-africa-off-the-greylist/
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SARS working to get South Africa off the greylist

SARS’s stricter rules on disclosing beneficial ownership should improve South Africa’s compliance with international standards and potentially help get it off the greylist.

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🟢 SOUTH AFRICA'S NEXT ELECTRICITY CRISIS IS HERE Municipal underinvestment in electricity distribution infrastructure is a crisis that has left many South African households in the dark. In a media briefing on Monday, 8 July 2024, Electricity Minister Kgosientsho Ramokgopa said Eskom has done exceptionally well in ensuring that its generation units have been able to meet demand over recent months. This is why South Africa has been load-shedding-free for over 100 days now. ⭕️ Let us know your views in the comments on Telegram https://t.me/dearsafrica ⭕️ Follow the Dear South Africa campaigns on our website dearsouthafrica.co.za More on this here... https://dailyinvestor.com/energy/57154/south-africas-next-electricity-crisis-is-here-2/
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South Africa’s next electricity crisis is here

Despite recent stability in power generation, South Africa faces a new electricity crisis due to municipal underinvestment in distribution infrastructure.

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