New State Security Minister Bongani Bongo is embroiled in a new bribery scandal. This time Bongo is accused of offering a bribe, in a form of “blank cheque”, to the evidence leader of parliament’s state capture inquiry — Advocate Ntuthuzelo Vanara. Vanara has made the shocking allegation in a sworn statement submitted to National Assembly Speaker Baleka Mbete. Mbete has referred the matter to parliament’s joint ethics committee for further investigation.
Presidency To Spend R48Million On Six Ministerial Houses
The state has paid almost R700,000 to build a braai area for one of President Jacob Zuma’s ministers. These revelations were made by the Department of Public Works in parliament this week. It also emerged that the department plans to spend R48-million to purchase six houses for Zuma’s ministers. Bassie Kgasoane, the chief director of prestige property at public works, confirmed the expenditure.
Job Cuts Expected If Eskom Price Increase Approved
The proposed 19.9% electricity hike by Eskom will result in job losses in the steel and engineering sector, warned an economist for the Steel and Engineering Industries Federation of Southern Africa. The sector has already lost a total of 25 000 jobs in the three years between July 2014 and June this year.
Multichoice Plans To Drop ANN7
MultiChoice plans to drop the Gupta-backed news channel ANN7 from DStv when its contract expires in June 2018. It follows a public outcry after the revelation that MultiChoice is paying to broadcast ANN7. The agreement was amended to increase the annual fee for ANN7 from R50 million per year to R150 million. MultiChoice would also not have the right to cancel ANN7 should it not perform well.
Brian Molefe Earning R57k A Month From Army
Former Eskom CEO Brian Molefe has been called up to serve as a colonel in the army, earning R57,000 a month. City Press said that he was initially appointed in 2009 as an honorary colonel of the SA Irish regiment, a part-time unit. It said that that this post is akin to a ceremonial role.
Bitcoin Breaches $8000 Mark
Bitcoin topped $8,000 for the first time, as investors set aside technology concerns that had derailed its advance earlier this month. Bitcoin rose 4.8% to $8,071.05 as of 7:17 a.m.. It’s now up more than 700% this year after shrugging off a tumble of as much as 29% earlier this month. It’s been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25 percent in value all giving way to subsequent rallies.
Currencies : Bitcoin R118,770 . Rand/USD 14.04 . Rand/GBP 18.49 . Rand/EUR 16.46