TERROR IN TSHWANE: Shots, stones, petrol bombs in capital city close to collapse

Loading player...
South Africa’s capital city, Tshwane, has been gripped by violence amid ongoing strike action by some municipal workers over a 0% salary increase. Community Safety MMC Grandi Theunissen of the Freedom Front Plus (FF+) tells BizNews that there have been cases of attempted murder, torching of vehicles, arson, stone-throwing, tyre-slashing, and intimidation.  He says it has gone “beyond” a normal labour protest and turned into “a violent, orchestrated criminal onslaught against the City and the people of the City as well as co-workers”. Theunissen charges that the Economic Freedom Fighters (EFF) have played a “disruptive” role - and are even “participating in criminal activities”. On how close Tshwane is to collapse, he says:  “…if we are allowed to work on our recovery plan and our funding plan, then I see that we can survive. If we are going to be forced into something that we do not want to do, there is a chance that this is going to happen.” On a positive note, seven new senior managers have been appointed, two of whom have already started work.
9 Oct 2023 12PM English South Africa Investing · Business News

Other recent episodes

BNC#8 Piet Viljoen - Survive first, profit later: Why history beats prediction in investing

Piet dismantles the myth of market prediction, arguing that success comes from judgment, discipline, and respect for history. Drawing on timeless lessons, he reveals why human behaviour drives cycles, why diversification and liquidity matter, and why survival beats brilliance. In a world obsessed with forecasts, this approach focuses on resilience,…
20 Mar 5AM 27 min

BNC#8 truth over hype: Magnus on investing, independence, and winning in a tough economy

Magnus built his career on questioning narratives and pursuing truth - first in journalism, then in financial advice. From navigating market volatility to championing global investing, his journey reflects resilience and independence. In a challenging South African economy, his message is clear: think critically, stay global, and never compromise on…
19 Mar 8AM 23 min