Patricia DeLille Quits As D.A WC Leader

In her resignation letter to DA leader Mmusi Maimane‚ she says she believes she has achieved the goals she set as provincial leader. De Lille says she wants to focus on her goals as Cape Town mayor — implementing a transformation plan to “modernise and reform the government to improve service delivery”. Western Cape DA deputy leader Bonginkosi Madikizela will act as leader until the next meeting of the DA Western Cape provincial council. Meanwhile De Lille has given final approval for the development of a R1bn, multi-use development in Cape Town’s CBD – between Riebeeck Square on Buitengracht and the historic Bo-Kaap neighbourhood.

Brian Molefe To replace Pravin Gordhan?

The Sunday Times has reported that former Eskom CEO Brian Molefe could become a Member of Parliament. There are rumours that he would be named Minister of Finance in a rumoured cabinet reshuffle. Molefe resigned from Eskom in November 2016 after being fingered by a report by the Public Protector.

Damning Eskom Report Kept Hidden

A multi-million rand investigation into wrongdoing at Eskom has allegedly been kept under lock and key, with fears of a cover-up now doing the rounds. US law firm Denton was commissioned in 2015 to investigate a variety of problems at Eskom, including reasons for loadshedding and delays in the power utility’s infrastructure build program. Business Day said there were suspicions that people fingered in the report were being protected as Brown has said, “there are people’s names there and we don’t really want to do that.”

Petrol Price To Increase By 29 Cents

From Wednesday, motorists will have to fork out 29 cents more per litre for petrol, while the price of diesel will increase by 21 cents per litre. Illuminating paraffin will set you back 22 cents more.

Trump Muslim Ban Causes Chaos

The dollar has dropped to its lowest level in almost two months after Trump announced that citizens from seven countries will be banned from entering the U.S. Meanwhile many people were turned away at airports throughout the country and massive protests were held as people vented their anger this weekend. Iran has banned visas for all Americans and some states in America have flat our refused to abide by the directives. Its a nasty situation.

Nehawu Members on Strike At Unisa

The National Health Education & Allied Workers’ Union (Nehawu) says its members at Unisa are expected to continue with a strike today. Nehawu says after reducing its wage demand to a 10% increase, management only revised their offer up to 6%. The union initially demanded a 14 % salary hike across the board, while management was offering only 4.5%.

Currencies And Stuff

Oil 55.14 – Rand/USD 13.58 – Rand/GBP 17.02 –Rand/EUR 14.56

Author: The Turk Report

Simplifying complex money matters

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