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Daily Podcast – June 11, 2018

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Daily Podcast – June 11, 2018

Daily Podcast – June 11, 2018

11th June 2018

By: Thabi Madiba
Creamer Media Research Assistant and Reporter

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For Creamer Media in Johannesburg, I’m Thabi Madiba.

Making headlines: Ramaphosa hails successful G7 leaders’ summit; DA wants Scopa probe into alleged Mkhize kickback; And, Mashaba rejects report that Joburg is 'heading for bailout'

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Ramaphosa hails successful G7 leaders’ summit

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President Cyril Ramaphosa has welcomed the interest shown in South Africa by the global business community at the just concluded G7 Leaders’ Outreach Summit in Canada.

According to the Presidency, Ramaphosa regards this interest as an investment destination and lauded the “wonderful exchange of views” in a session he described as oversold.

The Presidency said it demonstrated a recognition of South Africa’s new dawn - a period of renewal and rebuilding. 

Ramaphosa concluded his working visit to Canada where he participated in the G7 Leaders’ Outreach Summit under the theme “Healthy, Productive and Resilient Oceans and Seas, Coasts and Communities”.

South Africa’s participation in the two-day session was at the invitation of the host country Prime Minister Justin Trudeau

 

DA wants Scopa probe into alleged Mkhize kickback

The Democratic Alliance wants the Standing Committee on Public Accounts to probe allegations that Cooperative Governance and Traditional Affairs Minister Dr Zweli Mkhize received a R4.5-million 'kickback' in return for facilitating a R210-million loan.

The DA’s shadow minister of finance David Maynier was responding to an article in the Sunday Times alleging the former ANC treasurer general had facilitated the loan for Afric Oil from the Public Investment Corporation.

Maynier said it was just one of several questionable investments by the PIC.

Maynier said he will therefore, as a last resort write to the Chairperson of the Scopa Themba Godi, requesting him to schedule a hearing probing allegations surrounding irregular payments and questionable investments at the Public Investment Corporation.

 

And, Mashaba rejects report that Joburg is 'heading for bailout'

The Democratic Alliance and Johannesburg mayor Herman Mashaba have rejected a media report that the City of Johannesburg was "cash-strapped" and "heading for a bailout", calling it false and a misrepresentation.

City Press reported on Sunday that the City’s financial health was so dire there were anxieties about whether the City would be able to pay salaries at the end of the current financial year at the end of June.

The DA's national spokesperson Refiloe Nt’sekhe, however, said the City had worked tirelessly to stabilise the City’s finances which yielded positive results.

Nt'sekhe said thanks to the City's revenue collection drive, Operation Buya Mthetho, the month of May was one of the highest revenue collection months in the City’s history.

She stated that since taking over the city after the 2016 local government election victory, the DA-led administration has committed itself to ensuring efficient service delivery for all citizens of Johannesburg, especially the poor.

 

That’s a roundup of news making headlines today

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