A tweet by a black female Director of Cricket SA has exposed what we always suspected: ANC regime uses control of State Pension Funds & Control of State Owned Enterprises to enforce Black Supremacy and Extort Money, Favours & Positions from private sector! On top of this they also use racebaiting, like the infamous racebaiting mafioso in USA, Al Sharpton, to threaten people and groups with false bad BBBEE ratings and false accusations of racism, if they do not comply, pay up or or do the bidding of the ANC regime! Who knows what has not been “gifted” or handed over, and how deep the rabbit hole goes, in this modern day mafia style gangster protection racket the ANC & EFF are running? Do not expect mainstream media or the courts to expose it…
Continue reading…
RaceBaiting SA Cricket Director Blackmails Momentum Sponsor with Government Pension Fund & SOE Disinvestment & Bad BBBEE Ratings!
#Gatvol of The African Way! Malicious Negligence & Endemic Criminality Deconstructing South Africa Every Minute of Every Hour of Every Day!
#DeconstructingSouthAfrica: South Africans are gatvol of the #AfricanWay, which is enabled, propped up and encouraged by the liberal establishment, MSM and the ANC regime, and tolerated by the silent majority! We are tired of all these things being done to us on a daily basis! Who is not tired of being fleeced and looking over their shoulder every single minute of the day? But we may not talk about who does these crimes on a daily basis? We may not talk about the human right’s abuses or legalised racism against minorities & BBBEE, non representation, cadre deployment, lack of services, etc.!
Continue reading…
Where Does All The Money Go? South Africa Borrowed R411 BILLION From China in 2018, Yet Now in 2020, Our Pension Funds Are Targets To Bailout R254 Billion of Eskom’s Self Inflicted Debt?
#ParasiticParastatals South Africans do need to be really concerned . There seems to be a black hole somewhere that is sucking up BILLIONS of Rands of not only taxpayer’s money, but even borrowing Billions more, and once the money is put in the black hole, it seems to be gone forever, creating the need for the government to look for hundreds of billions of Rands MORE, to keep debt laden State Owned Enterprises (SOEs) afloat.
Continue reading…
Trade unions are rejecting ANC’s plans to sell non-performing SOE’s
All indications are that the ANC is prepared to execute the Tito Mboweni plan and sell the non-performing entities. For the ANC it is like swallowing a prickly pear with thorns and all, because it is a testament to their inability to run certain entities profitably. The Ramaphosa government faces an enormous fiscal dilemma, and..
Continue reading…
Hostage drama continues – Eskom holds ANC regime prisoner, parasitic parastatal seeks further R59 billion to squander
The hostage drama in which Eskom has captured the ANC regime has now reached its highest point of arrogance. With a new demand to get R59bn intended for the next two years for mismanagement, all reasonable limits have completely surpassed, say economic experts and informed businessmen. Eskom’s debt burden is already so high that there..
Continue reading…
ANC’s pension money proposal upsets economists – Government wants to use private and public pension funds to settle struggling SOE’s debts
ANC Chairman on economic transformation, Enoch Godongwana, said during an interview with the Sunday Times that money from the country’s private and public pension funds should be used to pay off the debts of struggling state-owned enterprises such as Eskom and SAA. In response to the statement, economist Mike Schüssler said it was just another..
Continue reading…
Cash strapped Denel asks ANC regime for cash injection of R2.8 billion to pay employees salaries and remuneration
Weapon manufacturer Denel is one of several state-owned enterprises (SOEs) found amid allegations of corruption and statecapture. The entity finds itself in a deep financial crisis and was forced to ask government for a R2.8 billion bailout to pay suppliers and outstanding salaries. Public Enterprises Minister Pravin Gordhan announced that the company, with the help..
Continue reading…
The ANC is coming for your pensions to fund bankrupt SEO’s
Well-known economist Mike Schussler has warned that the ANC wants to use your pension money to fund bankrupt state-owned enterprises like Eskom and SAA. Speaking on The Big Liberty Show, Schussler said the planned prescribed assets policy will give politicians control of pension funds and where this money is invested. The policy of prescribed assets..
Continue reading…
Rothschilds the new Guptas? – Rothschild family accused of preying on South Africa’s state-owned enterprises
South African unions have joined forces to take on the Rothschild family, which they have accused of being involved in attempts to ‘capture’ the country’s SOEs (State Owned Enterprises). According to the Citizen tabloid, the NUMSA (National Union of Metalworkers of South Africa) and the SACCA (South African Cabin Crew Association) released a joint statement,..
Continue reading…
If you are white, you are out as tenders go says Pravin Gordhan – there really are no good ANC politicians
Ironic that Pravin Gordhan was the man who implemented the BBBEE regulations that contributed greatly to the demise of Eskom and other SOE”s and forbade business with any company not under black control. Ironic because, as the current minister for Public Enterprises, he now has to fix the problems he helped to create previously when..
Continue reading…
Ramaphosa rejects privatization of SOE’s although the whole lot is poorly managed by incompetent staff, and cost SA billions of rands
President Cyril Ramaphosa has reaffirmed government’s plans to support ailing state-owned enterprises (SOEs) and made it clear that there’s no intention to privatise them. Ramaphosa was replying to debate on his State of the Nation Address at a joint sitting of Parliament on Wednesday. He did not respond directly to criticism from opposition benches, instead..
Continue reading…
Relatives of ANC leader named as firm comes clean:- Jessie Duarte’s son, ex in kickback scandal
A company that scored tenders worth millions of rands from state-owned enterprises diverted money meant to fund supplier development programmes to ANC deputy secretary-general Jessie Duarte’s family members in return for them assisting it to snatch more state business. Combined Private Investigations (CPI), a company that was previously found to have spied on journalists and..
Continue reading…
The corrupt ANC government plans ‘could collapse pension funds, with pensioners dying poor’
The party’s manifesto hints at targeting pensions through prescribed investments, ‘which will see half the population’s money used to bail out failing entities like Eskom’. The prescribed investments for pension funds hinted by the ANC in its 2019 election manifesto could lead to the collapse of South Africa’s pension funds and pensioners dying poor. Explaining..
Continue reading…
ANC has decided to simply” expropriate “ordinary South Africans’ savings to save state-owned enterprises – ANC has your pension in sight to try to save sinking Eskom
Economists have issued a serious warning as they fear public pension funds will be used to fill Eskom’s massive black debt gap. Mike Schussler shares other economists’ fears and says that such rumors have been around for 11 months. Eskom’s debt burden may rise to R600bn over the next few years, and businessmen reckon Eskom..
Continue reading…
Another bottomless-pit namely the SABC, were given three months to live as government cuts cash injections
Unfortunately for the SABC, and its large low-level employee base, the government is now taking a hard-line approach to bailouts.
Continue reading…