The Democratic Alliance is calling on the Treasury’s Municipal Recovery Service Unit (MFRS) to intervene in Limpopo municipalities which lost public funds in the now liquidated VBS Mutual Bank.
Political analyst Khaya Sithole says some African National Congress (ANC) alliance partners are rejecting Finance Minister Tito Mboweni’s economic strategy due to fears that it might trigger further unemployment in the country.
The poor state of South Africa’s economy is topping the agenda of the African National Congress (ANC) National Executive Committee meeting in Benoni, east of Johannesburg.
Treasury has declined to comment on reports in a Sunday newspaper regarding the anticipated R3.2 billion bailout for the SABC – saying the Department of Communications was better placed as a stakeholder Department to discuss in the matter.
Finance Minister Tito Mboweni has thanked delegates at the World Economic Forum (WEF) on Africa in Cape Town for not abandoning the South Africa due to the incidents of violence it’s facing.