Two elephants in the budget room

There are many reasons why Wednesday's budget will be a very tough one with many different taxes raised, There are the usual frequently mentioned reasons and two big ones that seem to have been overlooked by most budget soothsayers. The obvious reasons include the underperformance by SARS, government overspending, the huge cost of the bloated …

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Next week’s budget – between a rock and a hard place

When it comes to the budget next week, newly elected President Cyril Ramaphosa, and his promise of renewal,  finds himself between a rock and a hard place.  The government needs a budget to be passed timeously. But the budget before parliament will essentially be a Zuma Corruption budget. How can he or the ANC defend or …

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Another R20 Billion to Eskom? The answer should be hell no!

The new Eskom team is reported to be begging local banks to lend it another R20 billion to help it keep going. If I was a bank I would say “hell no, not until you publish your interim financial results, show me a believable survival plan, and get the new board members to personally underwrite the …

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Crisis in education: are we teaching our kids the wrong stuff!

The matric results are out. Educational and government spokesmen are blowing their own cracked trumpets and opposition parties are criticising the cracks in the trumpets. Government and opposition alike are focusing on a long outdated educational system. Very few are asking: are we teaching the skills (at schools and universities) our children and grandchildren are …

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