According to economists, investors are preparing for D-day for Eskom. South Africa is currently doing better in financial terms than Nigeria, Turkey and Lebanon. Foreign investors have sold more than R25bn of the country’s shares and the Rand is among the five worst performing currencies against the Dollar. Even Ramaphosa acknowledged that the situation at..
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Foreign investors sell R25bn worth of shares in SA
Power shortages in SA can last up to four years due to Eskom’s inability to produce
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The ANC-SACP government’s long-term plan with the economy is closely linked to the supply of electricity. The government has already published its “plan”, warning it of a so-called “immediate risk” of major electricity shortages that will arise. To make matters worse, it is stated that the large power shortages can last for four years due..
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Video: “I Am F*cking Tired of Trying To Survive in This Goddam Country!” Afrikaner Survives Yet Another Attack!
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Switch on subtitles (CC) for english. “I was just almost hijacked yet again. Let’s just call it that (hijacking). My windows were closed. My doors were locked. And it happens just like that (clicks fingers). Then 4 of them appear at your doors and they all try your car door handles at the same time…
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Power outages cost SA millions of rands a day and could mean an economic downfall
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Ramaphosa may forget to go ahead with successful results whilst begging for investments when Eskom has already started shedding power, says a well-known economist from Pretoria. Eskom’s load shedding, without any announcement, costs South Africa millions of rand a day, and the entity is in two ways destroying the country economically. On the one hand,..
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Eskom load shedding may have been applied over Nersa not approving electricity supplier’s tariff increase and is now used as leverage to manipulate the initial decision
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TAU SA finds it extremely suspicious that Eskom suddenly imposes loadshedding just days after the electricity supplier filed a lawsuit against Nersa, the regulator, because the entity was not satisfied with the tariff increases approved. “It almost seems as if there is a subtle blackmail here, as it has often happened in the past if..
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#RollingBlackouts are back due to a shortage of power generation at Eskom power stations contributed by lack of skill
Why jobs for skilled foreigners? What about about jobs for skilled white South Africans? ANC-regime prioritising immigration reform to attract skilled foreigners
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The government has prioritised immigration reform to attract skilled workers to the country, president Cyril Ramaphosa confirmed in his latest newsletter, released on Monday morning. This has been an important part of finance minister Tito Mboweni’s growth plan, which proposed friendlier immigration regulations for foreigners with tertiary qualifications from accredited institutions. In order to attract..
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Durban mayor’s logic is questioned – wants to close Durban port to become independent of Western imperialism
Trade union demands play a major role in extremely poor financial condition of the country
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The union, National Union of Metal Workers of SA (NUMSA), rejected the latest wage offer negotiated for its workers in the Motor Industry Bargaining Council. Numsa confirmed over the weekend that the offer was not accepted and reiterated that it will not accept compromises for it’s more than 300,000 workers in the industry. The union..
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Soweto owes Eskom more than R17 billion, still receives free power – culture of non-payment has now become a legacy of the ANC struggle
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According to a report by the Gauteng Department of Cooperative Governance and Traditional Affairs (CoGTA) submitted to the Gauteng legislature’s CoGTA committee, Soweto owes Eskom more than R17 billion, which is half of the country’s debt to Eskom. The information came to light last month when a FF Plus spokesperson, Amanda de Lange, announced it..
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Ramaphosa on begging mission in London to save corrupt & mismanaged SA from economic ruin. How much will #BlackPrivilege score this time?
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ANC President Cyril Ramaphosa is on yet another begging mission to London in an effort to prevent the bankrupt South Africa’s “economic downfall” which in truth is caused by mismanagement, corruption and downright blatant ransacking of the treasury by the ANC, the darling of The West. How will new UK PM Boris Johnson react? The..
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Eskom’s municipal debt rises to R23.5 billion – Lets face it! Management and board of directors do not possess management skills to run this entity
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Eskom’s inability to function effectively has again emerged with the latest financial information released. Municipalities already owe Eskom R23.5 billion, according to the report released by Minister Pravin Gordhan. The disclosure shows that the debt to be paid to Eskom is still rising, and is a sign that the entity is not prepared to set..
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Eskom drowning in debt, will need R69 billion to service its overflowing liabilities
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Eskom chairman Jabu Mabuza during the power utility’s annual financial results presentation on November 28, 2018 in Johannesburg, South Africa. During the presentation, it was revealed that Eskom’s debt service costs have doubled in a one year to R45bn. Jabu Mabuza addressed the Portfolio Committee on Public Enterprises on Wednesday and announced Eskom is owed..
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Chinese ambassador spells out the blunt truths about investment in South Africa – Appears that they want to take over after incompetent ANC destroys SA
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China’s ambassador to South Africa, Lin Songtian, has made it clear: if South Africa hopes to attract the further Chinese investment it needs to resuscitate its stagnant economy and it has to renovate its infrastructure, including revitalising the governance of state-owned enterprises. China’s ambassador to South Africa, Lin Songtian, is a master of the back-handed..
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SA steel consumption is at its lowest levels in a decade – ArcelorMittal previously known as Iscor may close some of its South African plants
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In a statement on Wednesday, ArcelorMittal South Africa [JSE: ACL] – the biggest steel producer on the continent – announced that it may close some of its operations. The company, which supplies more than 60% of the steel used in South Africa, has operations in Vanderbijlpark, Vereeniging, Saldanha and Newcastle. South African steel consumption is..
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