The LandBank is in talks to raise an about R20 billion loan from development finance institutions and other organisations, and it will also need to secure R10bn from the government to strengthen the bank’s balance sheet ... BUSINESS REPORT .
RiseMzansi leader Songezo Zibi has defended the party's decision to declare a R30 million loan write-off as a donation, arguing that the arrangement fully complies with South Africa'sPolitical Party Funding Act.
Electoral Commission of South Africa (IEC) has raised questions over a R30 million donation declared by RISEMzansi, while figures show political parties received more than R97 million in donations ahead of the local government elections.
uMkhonto weSizwe Party (MK Party) chief whip Mmabatho Mokoena-Zondi has been released on R30000 bail after appearing in the Cape Magistrate’s Court on charges of fraud on Thursday ... Mokoena has denied the claims ... He later paid her R30 000 in cash.
There has been a measly R30 decrease in average food basket prices compared to three months ago. However, economists have warned that if the Middle East conflict persists, it will lead to an increase in food prices, pushing families into poverty.