Friday, March 16, 2012

ANCYL hits out at Zuma

Sapa | 16 March, 2012 12:46

Supporters of ANC Youth League leader Julius Malema demonstrate outside the party headquarters in central Johannesburg August 30 2011.
Image by: SIPHIWE SIBEKO / Reuters
President Jacob Zuma has brought the integrity of the African National Congress's disciplinary process into question, the party's youth league said on Friday.

ANCYL must accept Malema's fate: Zuma

"President Zuma's proclamation that the ANC Youth League will have to have a new president is a premature expulsion of ANCYL president [Julius Malema] even before the national disciplinary committee of appeals could listen to evidence on whether the sanction of the NDC is sound," the league said in a statement.

Zuma earlier told a breakfast briefing in Port Elizabeth: "Once the process of disciplinary procedures has been concluded there will not be anything else to do thereafter -- the youth league will have to move forward."

He also said that while the appeal process was still underway, at the end of the day a conclusion had been drawn.

The league retorted: "ANC President Zuma's utterances are not only shocking, but undermine the ANC disciplinary process, the integrity and fairness of which is already under question."

It said as president of the party, Zuma was unduly influencing the members the committee to come to a conclusion.

"In light of the president's utterances, the ANCYL will consult with relevant structures... to determine whether we should go ahead with the ... appeal process when the president of the ANC has already announced its outcomes."

Malema is currently appealing against his expulsion from the ANC after its national disciplinary committee (NDC) found him guilty of sowing divisions in the party and bringing it into disrepute.

Sunday Times

Zuma warns against illicit capital outflow
Sapa | 15 March, 2012 17:30

Rand notes. File picture
Image by: Russell Roberts
President Jacob Zuma warned on Thursday that those behind illegal capital outflows would be caught.

Replying to questions in the National Assembly, he said the United Nations Economic Commission for Africa (UNECA) recently estimated that $50 billion (about R383.28 billion) was illegally exported out of the African continent every year.

This was done through tax evasion, incorrect invoicing, import over-pricing, and under-pricing exports.

According to information given to the African Union, the countries most affected were South Africa, Algeria, Egypt, Morocco, and Nigeria.

The flow of illicit finance severely undermined the possibilities for socio-economic development across the continent, Zuma said.

It reduced tax collection, cancelled investment, and undermined free trade as it removed resources that could otherwise be used for poverty alleviation and economic growth.

However, the government had measures in place to address this problem.

The South African Reserve Bank's financial surveillance department, which is responsible for administering exchange control, has continued to detect and deal with unlawful financial outflows by people who bypassed restrictions placed on the movement of funds exceeding certain thresholds.

In addition, the Financial Intelligence Centre processed information from a range of financial institutions, such as banks, to prevent money laundering and terror financing.

In the previous financial year, the centre referred cases to the value of R66.1 billion to law enforcement agencies and the SA Revenue Service (SARS) for investigation.

SARS had also achieved significant success in identifying, seizing where appropriate, and prosecuting those involved in illegal imports, the under- and over-invoicing of imports and exports, and Value Added Tax fraud.

During the current financial year, SARS had already confiscated 3.4 million articles of clothing and footwear valued at almost R580 million.

It had seized drugs worth R139 million and 68 million "sticks of cigarettes" valued at R180 million.

In addition, SARS had offered amnesty to encourage culprits to come forward.

"Government will work with the United Nations Economic Commission for Africa to contribute to stemming the tide of the illicit financial outflows from South Africa," Zuma said.

Sunday Times



The outcome could be the same as it was in POLOKWANE WITH THABO MBEKI can play the
fiddle longest!

Let's see who will be in the queue for a job at the next conference!

1 comment:

  1. Ready for the big time: Motlanthe squares up to Zuma

    MOTLANTHE is also demanding his slice of the RSA "PIE!"

    That does not just mean GUGU!!