The Land Bank has become the first big state-owned company in SA to be relegated to junk status by Moody’s rating agency. The New York-based agency, which is the last remaining among the big three to rate SA as investment grade economy, said given government’s fiscal challenges, it expected less financial support for the Land..
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State-owned Landbank becomes the first State Owned Enterprise to be downgraded to junk by Moody’s
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Open Borders Kill! Mozambican Gardener WANTED As Suspect in Brutal Execution of Elderly Port Elizabeth Couple
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It has become a regular news items in the New South Africa to hear that, especially vulnerable old people, have been murdered by the gardener. Andre Saaiman (65) and his wife Lidia were murdered in early November 2017 in their home in Scott Street, Somerstrand, Port Elizabeth, but its only now, TWO YEARS later that the Police issued an international arrest warrant for their Mozambican gardener at the time, Ezequiel Carlos Cossa (26).
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White Residents go to Court to Take Over Municipal Services After Black Municipality Collapses. They Have Already Taken Over Water Treatment Plant After Water Stopped Running
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The municipality that serves the area comprising Swartruggens, Derby and Koster in the North-West province has totally stopped functioning and that includes each and every service, even basics like the provision of water. Local residents led by the Rate Payers Association have declared an emergency and have started to provide the services themselves!
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Communism Fails in SA Too! ANC Admits Half of State Owned Land Lies Fallow as its Communal Farming Scheme Fails!
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The ANC’s purely communist system of communal farming by so called Community Property Associations (CPA’s), is a total failure and that admission is clear from answers provided to written questions by members of Parliament. Despite this the ANC will no doubt press on with its implementation of the communist policy that the state must own all food producing land, which is what expropriation without compensation is about. Lookup Lenin’s famine in Russia to see where this is headed…
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Eskom drops electricity price bombshell – Consumers will pay ‘50% more’ for electricity if Eskom beats Nersa in court
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The power utility is challenging tariff increases approved by the National Energy Regulator of South Africa (Nersa) for 2019 to 2022. If Eskom gets its way, consumers will pay 50% more for electricity. Eskom contends that approving increases by 9.41% for 2019-2020, 8.10% for 2020-2021 and 5.22% for 2021-2022 instead of the requested 16% was..
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Alexkor, SA state-owned diamond company is on life support
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South Africa’s state-owned diamond mining enterprise Alexkor is desperately in need of cash to pay expenses, but does the struggling entity deserve more funding? Its marine-based concessions stretch from Alexander Bay to Port Nolloth, while its land-based concessions span the equivalent of 865km2. It mines the latter through its Pooling and Sharing Joint Venture (PSJV)..
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R200,000 Spent on Luxury Rental Car by Mokopane (Potgietersrus) Mayor Andrina Matsimela, Even Though Bankrupt Town is Under Administration!
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In another example of #TheAfricanWay, it has been revealed that the bankrupt municipality of Mokopane, which is the old Potgietersrus in Limpopo, has spent more than R200,000 on the rental of a Mercedes Benz C-class for the mayor of the town. Andrina Matsimela has being transported around in this luxury vehicle since July last year.
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Why Africans Should Never Have Nuclear! Bomb Goes Off Under Energy Minister Gwede Mantashe As Bankrupt NECSA Board Suddenly Resigns!
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When it comes to nuclear, there is no such thing as leaving things to chance or not having ample room, and money, to cover all the bases. It became clear the ANC regime has no clue what this means as the NECSA board resigned, amidst information that NECSA is totally bankrupt. As the rats jump ship, will we ever find out what THEY did with all the money? Or is Gwede simply not up to the job of budgeting for his department, having been warned June last year?
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Young Man’s Life Snuffed Out For A Phone! Donovan Visagie (21) Callously Murdered By 3 Black Men For His Phone! Just Another Tragic Statistic Censored By Mainstream Media!
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Shocking story of the murder of Donovan Visagie (21) of Krugersdorp told at last. Donovan Visagie (21) was shot dead in cold blood on Old Year’s Eve by armed black gang just when he arrived at some friends to watch some fireworks. The incident happened in Krugersdorp. While SA-News reported this incident at the time, it was never carried in any other media, until now, when the local community paper covered the story.
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Murdered While Smoking On His Porch, Just For His TV, Phone & Tablet – White Lives Are Only Worth The Gadgets Blacks Can Fleece From Them, Because White Employment is Sanctioned
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They came to fleece him for his gadgets, a cellphone, tablet & TV… his life was a mere hindrance to them. A momentary pause to pull the trigger before grabbing the bounty and fleeing. Riaan Barnard (52) of Germiston was shot dead last night Tuesday 14 January, at about 21:00, whilst sitting on his veranda at his house, peacefully smoking a cigarette, which tragically turned out to be his last.
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#LetThemEatCake SA in crisis while ANC & black elites eat cake, celebrating its 108 years
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The ruling Anc party,was holding a rally in Kimberley celebrating its 108 years.This celebration, which is usually accompanied by a jovial mood of song and dance by party leaders, members and supporters, happens during a time when the country has been plunged into several crises of epidemic proportions. Can the ANC really afford to celebrate?..
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Eskom with a debt burden of R450 billion may be the downfall of ANC regime
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Political analysts say the actions of high-ranking officials in Eskom could lead to the demise of the ANC government. The pressure is mounting on the ruling ANC regime from the inner circles as well as opposing structures as well as from extreme groups to act against those responsible for the mess in which the power..
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Brave Farm Attack Victim Put Up Incredible Fight To Survive, To Live To Tell Her Horrendous Tale in Court, of Cowardly Psychopathic African Barbarism…
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The magistrate has begun with his summary in the criminal trial of three farm attackers involved in a farm attack in Bronkhorstspruit that dates back to May 2013. This was as vicious and brutal as can come. And yet there were thousands of other attacks just like this one over the years. So please share this article and give your own experiences in the comments section.
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Yet Another Foreign Tourist, From America, Hastily Flees Back Home After Being Robbed At Gunpoint in The Rainbow Sh*thole
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Another foreign tourist, another American again, is hastily returning to America after looking into the barrel of a robber’s gun on the N4 highway in Brits. A 26 year old man, his 22 year girlfriend and an American friend (40), were robbed at gunpoint after they drove over stones that were deliberately packed in the road, and had to stop to change the tyre, on Sunday morning around 02:00 on the N4 highway at Brits.
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Taxpayers fork out more than R76m for funeral cost of ANC veterans
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Public Works Minister Patricia de Lille has vowed to act against officials implicated in irregular expenditure related to the late stalwart Winnie Madikizela-Mandela’s funeral and those of two other ANC veterans. It’s alleged a service provider inflated invoices, costing taxpayers a staggering R76 million. De Lille has reportedly recommended that government should cap state funerals…
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