Personal Finance articles

SARS Confrims Malema Case

Johannesburg – The South African Revenue Service (SARS) confirmed that it had filed papers in the North Gauteng High Court in Pretoria to have expelled ANC Youth League president Julius Malema’s properties placed under curatorship and auctioned to cover its debt. More than R16.1 million of personal income tax is outstanding from Malema, said SARS spokesperson,

Final Day Of Eskom Tariff Hike Public Hearings

Johannesburg – Thursday marks the final day of the public hearings into Eskom’s application for a 16% increase in electricity tariffs every year for the next five years. The South African Local Government Association, Congress of South African Trade Unions (Cosatu) and organised business made a case against the application in Johannesburg, stressing there will

Jet

ZULU KING’S TRAVEL BILL COSTS R800k A MONTH

DURBAN – Zulu King, Goodwill Zwelithini, and his entourage spend over R800 000 a month simply on travel expensive, the Mercury reported Friday morning.  The figures were revealed at a meeting at the KwaZulu-Natal finance portfolio committee on Thursday. A least R820 000 had been used a month for the hire of private jets and

JHB PHILHARMONIC ORCHESTRA OWED MILLIONS

The Star on Friday reported that the Johannesburg Philharmonic Orchestra staff and musicians are owed a minimum of R2.2m in salaries. The famous orchestra conducted its final performance of the season in Parktown, Johannesburg, on Thursday evening. Salaries for September and October were still outstanding, while only 75% of the August salaries were paid, attendees

GOOGLE ACCUSED OF UNFAIR TRADE

After an 18 month investigation the Federal Trade Commission has reported allegations that Google is unfairly advertising its own services on their search engine over those of its competition. The commission is considering taking legal action against the software giant which means if confirmed could lead to an internationally publicised court case with titanic expenses,

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