ANC R50m Elections Propaganda Campaign

In an article by the Mail & Guardian, it is claimed that the ANC sought to undermine the election campaigns of the EFF and DA through a covert propaganda campaign that would have used various media platforms to discredit opposition parties. The plan was to spread fake news and use influencers to push voters to the ANC while tarnishing the opposition. This emerged in a court affidavit by PR expert Sihle Bolani who claims she is owed R2.2m for work done as part of “The War Room”. The ANC has denied these accusations.

Sanral Prepares 6286 Sumons For Outstanding E-toll’s

Sanral has prepared 6,286 summonses in a bid to recover R6.2bn in outstanding e-toll debt from Gauteng motorists. Sanral is also gearing up for its legal fight with the Organisation Undoing Tax Abuse over an e-toll test case, which could provide final clarity on how the user-pays principle should be applied. Sanral has R38bn in debt that has to be serviced.

Reserve Bank To Announce Interest Rate Decision Today

South Africa’s Reserve Bank, led by Governor Lesetja Kganyago, may leave the benchmark repurchase rate at 7% for a fifth straight meeting, according to all 20 economists surveyed by Bloomberg. Low metal prices, weak global demand and a drought probably cut expansion in South Africa to the lowest since a 2009 recession, according to government estimates.

Trump Pulls Out Of Pacific Trade Deal

Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies. The TPP accord, backed heavily by US business, was negotiated by former Democratic President Barack Obama’s administration but never approved by Congress.

Brit Supreme Court Rules Brexit Exit Must Be Voted On By Parliament

The highest UK court ruled Prime Minister Theresa May must seek the permission of Parliament to trigger the two-year countdown to Brexit, handing lawmakers a chance to soften the government’s plan. The judges said the withdrawal will make a fundamental change by cutting off the source of European Union law, as well as changing legal rights.

U.S To Sell $418m In Military Aircraft To Kenya

he U.S. State Department has approved a possible $418 million sale to Kenya of aircraft with weapons and related support. This expense for a country which cant pay its doctors is baffling.

Currencies & Stuff

Oil 55.73 – Rand/USD 13.44 – Rand/GBP 16.73 – Rand/EUR 14.43

Author: The Turk Report

Simplifying complex money matters

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