Latest news with #MzwaneleManyi
IOL News
11-07-2025
- Business
- IOL News
Financial and Fiscal Commission raises alarm over SOEs fiscal drag
The National State Enterprises Bill proposes the establishment of the State Asset Management Company to consolidate the State's shareholdings in SOEs with the State as the sole shareholder of a holding company. Banele Ginidza The Financial and Fiscal Commission (FFC) has sounded a clarion call to Parliament, highlighting alarming trends in the fiscal drag imposed by State-Owned Enterprises (SOEs). In a recent presentation to the Portfolio Committee on Monitoring and Evaluation, the FFC revealed that direct government transfers to SOEs rose significantly from 1% of GDP in 2015/2016 to 1.6% in 2021/2022. This stark upward trend raises pressing concerns over the sustainability of SOE funding and the need for urgent reforms. The Commission's damning analysis underscores a decade-long commitment from the government, which, between 2008/2009 and 2019/2020, spent approximately R160 billion to bail out financially troubled SOEs. The FFC's warnings come amid growing anxiety over the potential fiscal repercussions of the proposed National State Enterprises Bill, which it claims fails to adequately address long-standing governance and accountability concerns prevalent over the past 30 years. "In the 2025 Budget, our analysis shows that between 2024/2025 and 2025/2026 total government contingent liability will rise by about R9.4 billion with the bulk of it being centred around Eskom, Independent Power Producers and Transnet," the FCC said. The National State Enterprises Bill proposes the establishment of the State Asset Management Company to consolidate the State's shareholdings in SOEs with the State as the sole shareholder of a holding company. The Commission emphatically stated its opposition to the Bill in its current form, labelling it inadequate in tackling issues of misuse of public funds and insufficient in providing measures for consequence management related to irregular and wasteful expenditure. The FFC articulated a preference for establishing a holding company funded within the National Treasury's budget baseline, a proposal aiming to restore fiscal integrity in the management of SOEs. "The Bill does not have provision on consequence management specifically in the irregular, wasteful and corrupt expenditure. Without that, SOEs may continue to be vulnerable to improper public fund practices," said the Commission. "We are concerned about the clear lack of financial purpose in this transparency as well. Our initial advice was that the shareholding company should be within Treasury." Treasury appeared before the Portfolio Committee on Planning, Monitoring and Evaluation on Wednesday also expressing concerns on the potential of malfeasance in the Bill. Committee members, especially uMkhonto WeSizwe Party MP, Mzwanele Manyi, outrightly rejected the Bill, citing the fiscal risks associated with establishing the holding company, particularly the significant funding requirement of R615 million. Members of Parliament expressed scepticism regarding the feasibility of the innovative funding mechanisms proposed. Treasury also highlighted critical issues, particularly the proposed non-application of the Public Finance Management Act (PFMA) to the holding company and its subsidiaries, which could undermine transparency and accountability in financial management. Treasury cautioned that the centralisation model posed risks, such as increased political interference and the potential for State capture, emphasising the importance of ensuring that SOEs remained financially sustainable without undue reliance on public funds. Committee members raised significant concerns about the centralisation issues presented in the Bill. They argued that a centralised model could lead to a lack of transparency and accountability, making it more vulnerable to corruption and political interference. Members highlighted that consolidating oversight of SOEs under a single holding company might exacerbate existing vulnerabilities rather than mitigate them, potentially creating an environment where decision-making becomes opaque and less subject to scrutiny. BUSINESS REPORT
IOL News
28-05-2025
- Politics
- IOL News
‘I warned this chap,' Carl Niehaus laughs at Mzwanele Manyi's axing
EFF MP, Carl Niehaus, has reacted to removal of MK Party Mzwanele Manyi as chief whip in Parliament. Image: KAREN SANDISON/AFRICAN NEWS AGENCY (ANA) Economic Freedom Fighters (EFF) MP Carl Niehaus has fired shots at his former comrade, the axed MK Party chief whip, Mzwanele Manyi, calling him an opportunist, and warning that instability and ideological decay will continue to plague the party's ranks. In a social media comment on IOL's report, Niehaus laughed off Manyi's dismissal, stating that more should be expected. Niehaus said: 'LOL, I warned this chap. Anyhow he - and the other opportunists like him - made their bed of thorns, now let them sleep on it. 'Mark my words: the musical chairs will continue there in the merry-go-round party, there is no ideological centre that holds.' Manyi has been dismissed from his position in parliament, IOL reported on Tuesday morning. Colleen Makhubele has been appointed as the new Chief Whip of MKP. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ The announcement began circulating on MK Party WhatsApp groups but has now been confirmed to IOL by the MK Party's Deputy Chief Whip, Muzi Ntshingila. The WhatsApp message reads: "Please be informed that Hon. Mzwanele Manyi has been relieved of his duties as Chief Whip with immediate effect. We thank him for his service and dedication to the MK Party and wish him the very best in his future endeavours. "We are pleased to announce that Hon. Colleen Makhubele has been appointed as the new Chief Whip of the MK Party. We are confident that she will lead with strength and vision as we continue to advance our collective mission". One senior party official told IOL that his arrogance finally caused him to fall on his sword. 'He fails to listen and protect his caucus and wants to shine in the media alone and not give anyone a chance,' the party official said. According to Niehaus, such acts will be carried out through the same process. IOL Politics
Mail & Guardian
27-05-2025
- Business
- Mail & Guardian
MK party sacks Manyi as chief whip, replaces him with Makhubela
The MK party has removed Mzwanele Manyi as its chief whip in the National Assembly, less than a year after his appointment. The Manyi's dismissal was announced by National Assembly speaker Thoko Didiza during Tuesday's parliamentary session, ahead of President Cyril Ramaphosa's appearance for a question-and-answer session with MPs. Manyi was replaced by former speaker of the City of Johannesburg council, Colleen Makhubele. According to a letter circulating on WhatsApp, Manyi was informed of his removal through official party communication signed by deputy party president John Hlophe. 'I am writing to inform you that, with immediate effect, you are hereby relieved of your duties as the chief whip of the MK party in the National Assembly. This decision was made with careful consideration and in the interest of advancing the collective goals and objectives of our party,' the letter read. 'We are pleased to announce that Honourable Colleen Makhubele will assume the position of chief whip effective immediately.' Manyi was appointed to parliament in August 2024, replacing Sihle Ngubane. His appointment as chief whip was seen as a move to stabilise the party's parliamentary operations and ensure alignment with its leadership, including Zuma and Hlophe. Makhubele has been described in party ranks as a rising figure and an effective communicator. She was elected to the City of Johannesburg council as part of the Congress of the People before aligning with the MK party ahead of the 2024 general elections. Manyi's removal comes months after News24 reported allegations of physical confrontation between him and Hlophe during a caucus meeting in February, where Hlophe accused Manyi of sabotaging his State of the Nation debate, which was drafted by Manyi. Sources told the Mail & Guardian at the time that Hlophe accused Manyi of undermining his position as the party's deputy leader. Party spokesperson Nhlamulo Ndhlela denied the incident at the time, referring to it as a mischaracterisation of internal party discussions. Neither Hlophe nor Manyi commented publicly on the matter. The leadership change comes amid calls in the party for a broader restructuring of its parliamentary leadership. A discussion document circulating among party members proposes a revamp of the party's structures to improve discipline and parliamentary performance. The party, which became the official opposition after the 2024 general elections, has faced internal criticism over its perceived lack of visibility and failure to set the agenda in parliament, while the Economic Freedom Fighters and parties in the government of national unity have gained momentum. An MK party source said there was growing frustration that the party was being outperformed in key parliamentary debates. The source said Manyi had become a focal point of that Responding to speculation about internal divisions, Ndhlela issued a statement on Tuesday urging supporters not to be alarmed by reports of leadership changes. 'MK party wants to state that, against the wishes of those who fear the power of the MK party and attempt to drive a wedge amongst our leadership, we remain united and steadfast in our mission to serve the people of South Africa,' the statement said. The party has not formally addressed the details of Manyi's dismissal or confirmed whether the decision forms part of a broader reshuffle. Manyi had not issued a public response by the time of publication. Makhubele expressed her gratitude to Hlophe and the caucus, assuring them that their trust was well placed. 'This moment is a testament to the progress we are making as a party that values the contributions and leadership of women. It is a moment that reminds us all that empowerment is not a privilege but a right, and I intend to lead with courage, authority, and an unwavering focus on the ideals we stand for,' she said.
The Herald
27-05-2025
- General
- The Herald
Mzwanele Manyi ousted as MK chief whip, replaced by Colleen Makhubele
In the latest round of musical chairs in the MK Party, Mzwanele Manyi has been ousted as its chief whip in parliament. He has been replaced by former Johannesburg council speaker Colleen Makhubele, who has had a steady rise in the party. The leadership change was communicated to party MPs by deputy leader John Hlophe, who said Manyi was to be 'relieved of his duties with immediate effect'. 'We thank him for his service and dedication to the MK Party and wish him the best in his future endeavours.' Announcing Makhubela as his replacement, Hlophe called on party MPs to support this 'leadership transition'. 'We are confident she will lead with strength and vision as we continue to advance our collective mission. Let us rally together in support of this leadership transition and remain steadfast in our commitment to the party's goals.' TimesLIVE
IOL News
14-05-2025
- Business
- IOL News
ANC pours cold water on MK Party's call for AG to probe ditched Budget speech
Auditor-General Tsakani Maluleke has been asked by the MK Party to institute a forensic investigation into the 2025 aborted Budget, which cost the taxpayer million of rands. Image: Thobile Mathonsi, Independent Newspapers. A SPECIAL forensic audit into the aborted 2025 national budget speech would be tantamount to fruitless expenditure, says the ANC. This was in response to uMkhonto weSizwe Party's (MKP) Chief Whip Mzwanele Manyi's letter to the AG, Tsakani Maluleke, calling for a full forensic audit into the aborted February 2025 Budget Speech. He also wanted the office of the AG to determine whether postponing the budget did not amount to fruitless and wasteful expenditure. The speech had to be postponed on February 19 despite parliament having made all necessary preparations for the Budget to be delivered, with various parties, including the DA, halting the budget due to a disagreement over the increase of Value Added Tax (VAT). The aborted budget speech is believed to have cost taxpayers R2.3 million. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ "This debacle is yet another glaring example of the so-called Government of National Unity's (GNU) failure to govern responsibly," Manyi said. 'The failure to table the budget represents an unprecedented governance failure, yet millions of rands were already spent on preparatory processes that yielded no outcome. We call on your office to urgently investigate and quantify expenditures, which now constitute fruitless and wasteful spending,' the letter to the AG reads. The party identified specific expenditures that they believe should be investigated, including logistical costs for an undelivered speech, including venue arrangements and security deployment, printing and promotional materials. MK Party parliamentary chief whip Mzwanele Manyi has called on the Auditor-General to institute an investigation over the February aborted Budget speech. Image: Chris Collingridge / Independent Newspapers Imraan Subrathie, the ANC Study Group on Standing Committee on Auditor-General Whip and MP, said the request did not warrant a special audit, as the information requested could be reported by the National Treasury and respective organs of state through the Auditor-General South Africa's (AGSA) annual auditing of public institutions. "The request made by the MK Party is frivolous and will lead to the organs of state incurring additional audit fees expenditure as an audit comes at a cost," Subrathie said. The AGSA on Tuesday confirmed receipt of the MKP's letter saying that it will consider the request and respond in writing after following its regulatory requirements and due process. AGSA spokesperson Harold Maloka said the office conducts annual regularity audits of government departments and Parliament, reporting any material irregularities publicly. Finance minister Enoch Godongwana is expected to table a third version of the Budget on May 21 following an agreement within the GNU regarding the scrapping of the VAT increase. Cape Times
