State Of The Nation

The EFF, which has disrupted Zuma’s appearances on several occasions in Parliament, has made it clear that it will interrupt the president again on Thursday. The party says Zuma should not be allowed to speak. Instead, the day should be used to debate Parliament’s inability to hold Zuma to account. Added to this, opposition parties are up in arms over the decision by Zuma to deploy more than 400 soldiers to help the Police Service to “maintain law and order” during the opening of Parliament. Another controversy in the lead-up to the address is the clear attempt by Parliament to restrict the movement of journalists on the day.

IBM To Upskill 25 Million Africans For Free

IBM is ramping up its digital-skills training program to accommodate as many as 25 million Africans in the next five years, looking toward building a future workforce on the continent. The US tech giant plans to make an initial investment of 945 million rand ($70 million) to roll out the training initiative in South Africa, Nigeria, Kenya, Morocco and Egypt, enabling an expansion of the project across the rest of the continent.

Sassa Asks Court To Extend Improper Contract

The SA Social Security Agency asked the Constitutional Court on Wednesday to extend the grant payments contract of Cash Paymaster Services for another year. In 2014, the court declared Sassa’s current contract with CPS invalid. Sassa is effectively asking the court to overturn its own ruling. Meanwhile, the CEO of CPS, has said he has had no indication from Sassa that they will be needed to carry on dispensing grants. This situation is a complete mess. SMH

Brexit May Drop UK Output By 9.5%

Britain’s departure from the EU could cause output losses of as much as 9.5% per person, according to new research. Calculations using models that incorporate productivity measures show a negative impact on gross domestic product per capita of almost four times that of previous estimates. The Brits will see flames.

City Of Joburg launches City Power Corruption Probe

Herman Mashaba has launched a major investigation into City Power tenders worth billions. The investigation is being conducted by an independent auditing firm in order to ensure that its report is free of any political interference or bias. The ANC claimed on Tuesday that Mashaba wanted to dissolve the board because he wanted to influence tenders at the utility. According to the ANC, Mashaba instructed the new Joburg city manager, Ndivho Lukhwareni, on Monday to dissolve the City Power board.

Currencies And Stuff

Oil 55.62 – Rand/USD 13.44 – Rand/GBP 16.85 – Rand/EUR 14.37

Author: The Turk Report

Simplifying complex money matters

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