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Time to take a look at the current top African economic stories with Victor Kgomoesoana, author of "Africa Is Open For Business" and "Africa Bounces Back". Victor is also the Executive Director for Marketing and Communication at the University of Limpopo
Rape and murder accused Abraham Mtsweni is expected to know his fate in the Western Cape High Court next week. Mtsweni - a Pastor's son, stands accused of raping and killing his girlfriend, Sesi Sibanyoni, inside her flat in Maitland, Cape Town in July 2019. For more on the trial, Elvis Presslin spoke to Advocate Jonas Sibanyoni, the father of Sesi Sibanyoni
Two former City of Ekurhuleni officials and a businessman have been jailed for tender fraud, corruption, and money laundering. The two former officials; Nilesh Singh, Andrew Mphushomadi, and businessman Velero David were sentenced and convicted yesterday for an I.T tender fraud amounting to 21-point-8 million rands. For more on this, Elvis Presslin spoke to Kaizer Kganyago, Spokesperson for the Special Investigating Unit (the SIU)
The Ministry of Cooperative Governance and Traditional Affairs says more than 60 municipalities have been deemed dysfunctional and 100 or more others in danger due to financial distress. Speaking at the budget tabling in Parliament, Minister Nkosazana Dlamini-Zuma said about 43 municipalities need to be put under mandatory administration. To further discuss this Elvis Presslin spoke to Independent Writer, Researcher, and Political Analyst, Dr. Dale Mckinley...
The office of the Public Protector Busisiwe Mkhwebane has laid charges against the City of Johannesburg over the appointment of Head of Anti-Corruption Unit Shadrack Sibiya. The Public Protector has accused the city of concealing critical information with regard to Sibiya's appointment to the unit. To further discuss this Elvis Presslin spoke to City of Johannesburg Mayoral Spokesperson, Mabine Seabi.
The South African Federation of Trade Unions (SAFTU) says the 300 million rand remuneration package paid by Sibanye Stillwater to its Chief Executive Officer CEO, Neal Froneman, is a typical indicator of why the wage gap between workers and directors is wide. Neal Froneman has meanwhile defended the payment, saying the package consists mostly of long-term share incentives and the process was transparent. This as workers at the mine's gold continue with their strike action, demanding a 1-thousand rand salary increase while the company offers an R850 per month increase for entry-level employees. For more on this Elvis Presslin spoke to SAFTU national spokesperson Trevor Shaku
Great North Transport employees have reportedly been left high and dry as they found out that over R300 Million in their pension funds have disappeared. The company is reported to have failed to pay their contributions to the pension fund administrators for over 17 years even though they were deducting from employees salaries. About 800 employees are said to be affected by the money loss. To further discuss this Elvis Presslin spoke to Great North Transport Custodian, Limpopo Economic Development Agency's Spokesperson, Patrick Mongwe
The South African government is reportedly planning to donate a quarter of a billion Rands instead of the initially reported 50 million to Cuba. This was revealed after Afriforum's legal team requested the court record as part of its review application case against the R50 million Cuba donation. Meanwhile, the Democratic Alliance, DA says they will write to the Auditor-General of South Africa, Tsakani Maluleke to request an audit of the ANC government's loan to Cuba. For more on this, Elvis Presslin spoke to Ashor Sarupen, Deputy Shadow Finance Minister for the DA
Stellenbosch University has suspended a white student caught on video urinating on a black peer's belongings. The Incident captured on a cellphone reportedly happened in the Huis Marais residence on the University's campus at the weekend. Stellenbosch University say they "strongly condemn the destructive, hurtful and racist incident". Students have since been protesting against racism at the Institute, calling for the alleged perpetrator to be expelled from the University. For more on this, Elvis Presslin spoke to Mkuseli Kaduka, the father of Babalo Ndwayana, a first year student at Stellenbosch University, who had his belongings urinated on, in an alleged racial incident
The Automobile Association (AA) says petrol is expected to Increase drastically by up to R1.97 a litre and diesel by up to R1.62 a litre in June. When we speak about fuel hikes, the focus is predominantly on the Impact it will have on motorists and commuters, but what impact does this eminent hike have on Indivdiuals or businesses in the fuel industry, particulary someone who owns a fuel station? For more on this, we're joined on the line by Vukile Nkosi, the owner of Engen fuel station in Honeydew, Johannesburg
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