12 million people unemployed. 12 million. Tjo😖😳! On top of that, you have doctors who are unemployed. 1,800 junior doctors. How do you have doctors unemployed? In what society does that even make sense @HealthZA?
BREAKING: Finance Minister Enoch Godongwana sends a scathing letting to Jhb Mayor, Dada Morero.
Some key issues / concerns from Treasury:
“The adjustments budget was assessed by National Treasury to be unfunded; revenue collection was overstated while expenditure was understated”
“The understating of expenditure will mostly result in unauthorised expenditure by June 2026 which will put further financial strain on the municipality.”
“The outstanding amount owed to creditors has increased from R17 billion in 2022/23 to R25.2 billion in 2024/25.”
“The city’s cash and cash equivalent of R3.9 billion in 2024/25 is insufficient to repay outstanding creditors of R25.2 billion.”
“This is a marker of severe financial distress, indicating that the city does not have the liquidity required to pay its creditors.”
Read the full letter below ⬇️
youth unemployment today becomes elderly poverty tomorrow 💔💔
South Africa's retirement stats show most people simply can't afford to stop working
the heartbreaking reality is an entire generation may never experience financial stability... at any age
A coworker brings two lunches to work every day.
I thought his wife was spoiling him.
Turns out the second one isn’t for him. It’s for a guy in the neighboring department who’s on unpaid internship, living alone and barely able to afford food.
My coworker found out about it by chance and started bringing an extra lunch every day. It’s been six months now.
The intern thinks the cafeteria is running a promotion—two meals for the price of one.
But there’s no promotion.
Just a person who cooks an extra portion every evening for someone who barely has enough to get by.
Today let’s talk about how procurement fraud actually works in South Africa. The mechanics and techniques used to get away with millions of rands.
A Thread
Here is what you should know about Themba Mathibe, the CEO of Johannesburg Development Agency.
■ Was found with hard cash close to R2 million
■ He is an ANC branch member of ward 60, inner Johannesburg city from the days while he was a student
■ Geoff Makhubo was the first plug to a nice post in the City of Johannesburg
■ 28 years ,earn R300000 per/ month, a rough estimation of R3,6 million a year before bonuses. while ordinary citizens are earning below 5000 per month.
■According to information the Hawks arrested Mathibe in connection with fraud, money laundering and corruption that are linked to contract at City Housing Entity
■ R50000 bail while the allegations runs to millions
Question: How and when he accumulated the requisite experience to become a CEO whilst also studying for 3 Masters degrees?
Who is behind the Themba Mathivha?
Part 1
BREAKING: The CEO of the Johannesburg Development Agency Themba Mathibe has been arrested. The former ANCYL member was arrested last night.
Sources claim the City of Johannesburg official was found in possession of a substantial sum of cash. @JusstAlpha