AFRICANS LOVE THEIR DESPOTS: Black Eskom Workers who are members of the Government Pension Scheme and the powerful COSATU trade union, are allowing (unwittingly or not) Cosatu to allow the ANC regime to grab R254 Billion from their own pension fund, the GEPF, and they even supported Brian Molefe, ex Eskom CEO, who helped the Guptas put Eskom into R450 Billion debt, with song and dance!
Continue reading…
#CelebrityDespots Why Do Black Eskom Workers Love Brain Molefe, Who Helped Guptas Plunder Transnet & Put Eskom R450 BILLION in Debt & Was Paid R2 Million a Month Pension?
Posted on Leave a comment
SA debt burden sky-high, municipalities bankrupt, SOE’s a huge burden on taxpayers’ shoulders, and ANC regime not capable to find solutions that are feasible and effective
Posted on Leave a comment
Finance Minister, Tito Mboweni issued a cold warning Wednesday in his Medium Term Budgetary Framework (MTBR), and said if action is not taken urgently, South Africa could end up in a debt trap, with rising interest payments on debt, higher interest rates and even higher unemployment. This admonition comes amid a sharp lower adjustment in..
Continue reading…
#ParasiticParastatal Another 59 Billion Bailout Has Just Been Granted To Mismanaged & Corrupt Eskom Gravy Train
Posted on Leave a comment
The National Assembly voted in favor of a special allocation bill on Tuesday that allows a bailout of R59 billion to struggling Eskom. The bill was approved by 200 votes to 105 with ANC MPs believing the bill is essential to keep the lights on. These MPs argued that many of them grew up in..
Continue reading…
China is holding the ‘switch’ in it’s hand, doing business with them is dangerous, with another Eskom crisis, China withheld the R7bn loan, they already own one Eskom plant, Load-shedding highly possible
Posted on Leave a comment
Well, this doesn’t look too clever. It’s reported that Eskom will be R7bn lighter this month, after its Chinese lenders raised their concerns. South Africa could be set for another round of drama from Eskom, as the ailing power utility has reportedly failed to receive R7 billion in loan payments initially set to come from..
Continue reading…
Knowing that the brightest employees in the Government are White, so now the Government wants public servants to retire at 55, just another sly move to get rid of white people
Posted on Leave a comment
Johannesburg – The state has set the ball rolling in its desperate bid to cut the public wage bill by giving workers aged between 55 and 60 until September to retire without pension penalties. Guidelines for applying for early retirement have been released to thousands of public servants. The Star has seen a copy of..
Continue reading…
Tito finds himself in a social storm after admitting that too many Africans were appointed to govern South Africa effectively
Posted on Leave a comment
Finance Minister, Tito Mboweni finds himself in a social storm after admitting in a radio interview that appointments in government departments are not representative. According to him, the country cannot be regarded as a democratic, non-racial, non-sexist community. According to observers, he said tacitly that too many Africans were appointed who could not do the..
Continue reading…
Here’s a view on what the 2019 budget means for healthcare consumers
Posted on Leave a comment
National Health Insurance (NHI) is critical to creating a quality functioning healthcare system for all South Africans and it is good to see that Finance Minister Tito Mboweni’s Budget Speech covered areas such as increased funding for certain diseases and improved service delivery in the public sector.
Healthcare in South Africa can only work if the public and private sectors work in partnership – not one at the expense of the other. That is according to Damian McHugh, head of marketing at Momentum’s health solutions.
“By strengthening public health delivery, and with the private sector making sure that it is working towards a healthier South African healthcare sector by looking for opportunities to work with public entities, we can improve and safeguard the health of all South Africans,” says McHugh.
Mboweni unveiled several changes intended to improve the public health system and address funding for initiatives like the NHI.
Flat lining m
Continue reading…
The ANC targets Reserve Bank mandate, they want a more flexible monetary policy
Posted on Leave a comment
A review of the SA Reserve Bank mandate features in the ANC’s election manifesto, which brushes off the push for nationalisation, but instead drives for a more flexible monetary policy.
Continue reading…
With SA’s economy unable to grow by 1% under the current dispensation, Finance Minister’s new plans will also fail
Posted on Leave a comment
Finance Minister Tito Mboweni has invested a huge meeting of so-called experts to come forward with new plans to reverse the country’s decline. The event presented at the Reserve Bank Conference Center began with Mboweni’s explanation aimed at requesting experts to propose new models that will boost the economy. He says the ANC cabinet has..
Continue reading…
Former adviser has encouraged the South African government to bailout ESKOM (the-bottomless-pit) otherwise load shedding will just continue
Posted on Leave a comment
The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for R100 billion in government support, the chief executive of Rothschild & Co in South Africa told Reuters.
Continue reading…
Let’s have a look at why e-tolls aren’t working and should be scrapped
Posted on Leave a comment
E-tolls remain a thorn in the sides of many South Africans. During his mid-term budget speech, the finance minister said it was about time e-toll defaulters start paying up.
Continue reading…
Wonderful News:- R500m to recruit health professionals, buy beds and linen
Goodnews, but will it be executed, Mboweni says Eskom needs to shed 30 000 jobs
Posted on Leave a comment
“It does not make sense that R8 out of R10 goes to salaries and unions still demand service. Where will the money come from?” – Finance Minister Tito Mboweni…….
Continue reading…
No surprise:- 5 reasons why the EFF doesn’t practice what it preaches
Posted on Leave a comment
The EFF has vehemently denied any accusations of wrongdoing on the part of the party or its deputy leader Floyd Shivambu in regards to the VBS looting saga.
Continue reading…
Consumers are warned of second increase in VAT to make up for shortfalls that were stolen by ANC-politicians
Posted on Leave a comment
With the new finance minister set to deliver the medium-term budget policy statement later this month, tax experts have warned of a likely increase in VAT in the coming year. Former SA Reserve Bank governor Tito Mboweni was sworn in as finance minister this week, following the resignation of Nhlanhla Nene. Bernard Sacks of Mazars,..
Continue reading…