Malema placed under provisional sequestration

Pretoria - Economic Freedom Fighters leader Julius Malema was provisionally sequestrated by the North Gauteng High Court in Pretoria on Monday.

"I am satisfied that the applicant [SA Revenue Service] has established the requirements for the grant of a provisional sequestration," Judge Bill Prinsloo said in his judgment.

A draft order was signed and made an order of court.

Reading the order into the record Prinsloo said: "The estate of the respondent [Malema] is placed in provisional sequestration."

Malema and anyone else who did not want the order to be made final had until 10:00 on 26 May to give reasons as to why this should not happen.

ABSA PSL & CAF Football Update

Good Morning Football Fanatics

Results

Pirates 2-1 Wits

Chiefs 1-0 Supersport 

Sundowns 2-0 Arrows

ABSA PSL Log update 

1. Chiefs 17 games 39 pts

2. Downs 15 games 28 pts

6. Pirates 12 games 23 pts

8. Swallows 15 games 22 pts

Next tough games for giants

ABSA PSL League games

Pirates vs Sundowns "8th Feb"

Sundowns vs Pirates "25 Feb"

Swallows vs Pirates"12 Mar"

Pirates vs Chiefs "15 Mar"

Pirates vs Swallows "28 Mar"

Sundowns vs Chiefs "5 Apr"

Swallows vs Sundown "19 Apr"

CAF Champs League "8th Feb"

Chiefs (SA) vs Black A (Namib)

FNB Staduim - 20:00

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#KCLoveIt 

#Khosi4Life 

#GoldBoldGlamour

Huge petrol price spike

Consumers were dealt another blow on Friday when the department of energy announced a huge spike in the petrol price.

The latest petrol price hike will see motorists paying 39c more for a litre of petrol, taking the price within an earshot of R14/litre.

Diesel will rise by 24 cents or 1.9% to R13.11, while illuminating paraffin will go up by between 12 and 16 cents, the department of energy said on Friday.

The latest blow to consumers will see them fork out R13.96/l and R13.59/l in Gauteng and the coast respectively.

Earlier this week the South African Reserve Bank announced a 50 basis-point hike in interest rates, which placed cash-strapped consumers under further strain.

Economists earlier warned that another petrol price hike will have profoundly negative consequences for deeply indebted consumers.

The ever-increasing petrol and food prices, higher interest rates and, for Gautengers, the additional burden of e-tolls will drive many people who have managed to claw their way out of debt back into poverty, warned Debt Rescue CEO Neil Roets.

The latest increase was mostly due to a sharp drop in the rand/dollar exchange rate. The rand slid to new five-year lows amid an emerging market sell-off as the US Federal Reserve decided to scale back on its massive stimulus programme. 

The rand was trading at R11.25/$, R18.52/£ and R15.18/€ shortly before the announcement.

Last month consumers had to bear the brunt of a 39c/l spike in the petrol price. 

The latest blow to consumers will see them fork out R13.96/l and R13.59/l in Gauteng and the coast respectively.

Earlier this week the South African Reserve Bank announced a 50 basis-point hike in interest rates, which placed cash-strapped consumers under further strain.

Economists earlier warned that another petrol price hike will have profoundly negative consequences for deeply indebted consumers.

The ever-increasing petrol and food prices, higher interest rates and, for Gautengers, the additional burden of e-tolls will drive many people who have managed to claw their way out of debt back into poverty, warned Debt Rescue CEO Neil Roets.

The latest increase was mostly due to a sharp drop in the rand/dollar exchange rate. The rand slid to new five-year lows amid an emerging market sell-off as the US Federal Reserve decided to scale back on its massive stimulus programme. 

The rand was trading at R11.25/$, R18.52/£ and R15.18/€ shortly before the announcement.

Last month consumers had to bear the brunt of a 39c/l spike in the petrol price. 

Bafana pocket R1.3m for Chan

Lerato Chabangu 

Despite crashing out the African Nations Championship (Chan) at the first hurdle, Bafana Bafana will pocket about R1.3 million in prize money for finishing third in their group, it was announced on Tuesday. The prize money for Chan would total about R34m the Local Organising Committee (LOC) said.

The winner of the tournament would earn about R8.1m, the runner-up about R4.3m, and the third and fourth placed teams about R2.7m each.

The losing quarterfinalists would take home about R1.9m each, the teams placed third in the group stage R1,3 million each, and those placed fourth in the group stage about R1m each.

The tournament, which is being hosted by South Africa, ends on February 1.

Bafana coach 'great at his job' - Zuma

President Jacob Zuma has come out in support of under-fire Bafana Bafana and its coach Gordon Igesund, SAfm reported on Tuesday "We're well aware that some people are criticising the way the national team played against Nigeria. Some want the team disbanded. It has improved greatly and needs our support.

"The current coach knows what he's doing. He's great at his job. The fact that the team lost, that doesn't mean anything as other teams lost as well," the president told SAfm in isiZulu.

The interview was translated into English by the public broadcaster.

Zuma was speaking after Sports Minister Fikile Mbalula on Monday called Bafana Bafana a "bunch of losers" after losing to Nigeria in the 2014 African Nations Championship.

Lawsuit seeks CIA papers on Mandela arrest

Washington - An American student lodged a lawsuit against the CIA on Wednesday in an attempt to secure documents that purportedly show the intelligence agency was complicit in former president Nelson Mandela's arrest.

Mandela, who died last month aged 95, was detained in 1962, convicted in the Rivonia Trial and incarcerated for decades under the country's then apartheid rulers.

Ryan Shapiro, a PhD student at Massachusetts Institute of Technology (MIT), filed the legal action after the CIA failed to comply with Freedom of Information requests he submitted to the agency regarding Mandela's arrest.

"Although US intelligence has long been known to have been involved in the arrest of Mandela, little detailed information is available," Shapiro's lawsuit states, seeking details on the CIA's alleged view of Mandela as a threat.

Shapiro contends that the CIA has refused to release the requested papers.

Questioned by AFP about the suit, lodged at a federal court in Washington, Dean Boyd, a spokesperson for the CIA , said: "The CIA generally refrains from commenting on court cases pending before the courts."

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Prayer for Wisdom & Revelation

I pray that the God of our Lord Jesus Christ, the Father of glory, may give you spiritual wisdom and revelation in your growing knowledge of him,

since the eyes of your heart have been enlightened - so that you may know what is the hope of his calling, what is the wealth of his glorious inheritance in the saints,

and what is the incomparable greatness of his power toward us who believe, as displayed in the exercise of his immense strength.

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