July in South Africa is aimed at encouraging South Africans save. Watch some of SABC News content on saving.
July is “Savings Month”
Your Money on Market Sense
Discussion: The psychology of saving
SABC News talks to Financial Wellness Coach, Dr. Tshepiso Matentjie, about saving.
Financial fitness with Entrepreneur Nicolette Mashile
Innovative ways to handle money: Khensani Nobanda
Your Money – Focus on Investing
Bonga Khumalo on youth financial literacy
Finance Minister turns down SABC government guarantee request: Report
7 July 2019, 7:38 PM
Finance Minister Tito Mboweni has reportedly declined to give the cash-strapped SABC a much-needed government guarantee.
News website, Times live reports that Mboweni relayed his decision in a letter to Communications Minister Stella Ndabeni-Abrahams late last month.
The cash strapped public broadcaster has prioritised salaries as it struggles with a mountain of debt following what analysts say are years of mismanagement.
Mboweni reportedly cites government’s fiscal constraints and that it cannot offer bailouts unless the entity is financially viable.
Mboweni reportedly expressed concerns about the SABC’s high cost structure – including its salary bill.
[Watch] Mboweni turns down SABC’s request for government guarantee
Cosatu demands action against Mboweni following e-toll Twitter spat
7 July 2019, 4:45 PM
The Congress of South African Trade Unions (Cosatu) is demanding action be taken against Finance Minister Tito Mboweni following comments he made on Twitter regarding e-tolls.
A war of words played out on Twitter between Gauteng Premier David Makhura and the minister.
During his recent State of the Province Address, Makhura assured motorists that his government is working to get rid of e-tolls as they believe the tolling system has no future in Gauteng, but Mboweni fired back on social media, insisting that e-tolls are here to stay.
Transport Minister Fikile Mbalula says the department will present the report about the status of e-tolls in Gauteng province in August 2019.
This follows a directive from the President that the issue must be thoroughly discussed. Mbalula was speaking in Durban at the N3 Marrianhill Toll Plaza where law enforcement agencies and the department held a post-Durban July road block. Mbalula says the issue of e-tolls needs a collective decision and the participation of all relevant structures.
Watch Cosatu Gauteng Chairperson Amos Monyela on the issue:
Hermanus locals to protest against businesses employing more foreigners
7 July 2019, 3:16 PM
Members of the Zwelihle Renewal activist group in Hermanus in the Overstrand municipality are planning a civil protest from Tuesday until Friday. Spokesperson, Siyabulela Notwala says they will be marching to businesses that are employing more foreigners than locals.
The coastal town experienced lengthy violent protests a year ago – which caused damage running into millions of rands and ruined the town’s economy.
Notwala is accusing the businesses of unethical employment policies which he claims is breeding xenophobic tensions.
“They want the community to stand up and say these people are taking our jobs. You know how xenophobia starts – they want that thing to start so that they can say ‘yeah the leaders of the community are xenophobic,’ so we are trying to prevent that,” says Notwala.
SA scientists save endangered plants through cloning
7 July 2019, 3:06 PM
South African scientists have turned to cloning to save some plant species from extinction.
Experts say more than 600 plants and trees globally have become extinct in the last 120 years.
Forty of these species are found in the Western Cape. Researchers at Stellenbosch University are leading efforts to save some plants from disappearing forever.