August 19, 2017

News:

CT to table R44.3bn draft budget

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Transparency is the objective in Cape Town’s multibillion rand draft budget, with a breakdown of how the money would be spent in each of the four quadrants the municipality is divided into. Mayor Patricia de Lille is expected to table the R44.3 billion draft budget, which is first going to be debated, for adoption next Tuesday. It includes a more than R2bn capital expenditure budget, which is proposed to be spent on the four areas, namely the north, east, central and south regions. The areas were announced as part of the city’s Organisational Development and Transformation Plan (ODTP), which De…

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Industrial parks expected to revitalise rural economies

the-weekly-sl9

The Department of Trade and Industry (DTI) says the revitalisation of the industrial park in Botshabelo and other centres around the country is expected to help invigorate township and rural economies and promote inclusive growth. Trade and Industry minister Rob Davies told parliament in his budget vote speech on Tuesday that black communities remained plagued by low economic activities resulting in high unemployment and increasing poverty. He said government had found it important to support emerging businesses in the townships so that people could improve their lives and become self sustainable. “Accelerating economic development in the townships and rural areas…

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Plans to remove Zuma at NEC a ‘fallacy’

Supporters of President Jacob Zuma in the ANC’s national executive committee (NEC) are planning to oppose any move for him to be recalled when they meet this weekend. They have labelled renewed calls for the NEC to oust him a “fallacy”. ANC Youth League secretary general Njabulo Nzuza, who is also a supporting NEC member, said an NEC recall of Zuma would be unconstitutional. “Those people really can’t raise a motion of no confidence in an NEC. Only congress, which elected him [Zuma], can deal with such a thing. Even our constitution makes no provision for such.” “People are being…

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