The pension pot in South Africa, one of the largest in the world, could be under threat as government, whose debt is growing every year, looks for new funding sources. IF THIS HAPPENS THERE COULD BE DEVASTATING CONSEQUENCES. This according to the Institute of Race Relations (IRR), which warned of a threat by government to..
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SA pension pot under threat as government, whose debt is growing every year, looks for new funding sources as taxpayers could no longer be squeezed for more money
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Why the ANC is so desperate to nationalise the Reserve Bank even though it will be catastrophic for South-Africa in light of the major blow last week when the Rand weakened drastically after Ramaphosa’s announcement
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President Cyril Ramaphosa delivered a major blow to the rand this week after making it explicitly clear that the ANC, and thus government, will move ahead with its goal to nationalise the South African Reserve Bank. Ramaphosa’s line in Parliament on Thursday (7 March) – in which he said that ANC had made its position..
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Just something to think about with regards to SA taxes that will leave you shocked!
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Taxpayers should not foot the bill for ANC government’s failures. We need to look deeper into our system of government, and how we allocate risk and reward, responsibility and accountability. At this moment, if you earned R100, you pay R33 income tax. You are left with R67. You buy R67 worth of fuel, pay 48%..
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ESKOM gives a US company a blank cheque, and they are cashing it in for a whooping R13bn
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The US company that designed the extremely flawed Kusile Power Station in Mpumalanga was given a blank cheque by Eskom, which it cashed in to score R12 billion. Despite the fact that the engineering consulting firm Black & Veatch, which is situated in Kansas in the US, delivered shoddy work that continues to hobble Kusile’s..
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The corrupt ANC government plans ‘could collapse pension funds, with pensioners dying poor’
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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..
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SA’s struggling Rand is even further in abyss – Ramaphosa may be weaker on economic grounds than its predecessor Zuma
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It appears that the current ANC president, Cyril Ramaphosa, is probably an even weaker leader than his predecessor, Jacob Zuma, on economic grounds. This is the opinion of an anonymous Pretoria economist following the president’s announcement that he will nationalize the Reserve Bank in the foreseeable future. It is now clear that Ramaphosa has little..
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Natasha Mazzone (DA) fears Eskom could plunge SA into a “Chinese debt trap”, China is already taking countries for bad debts
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The revelations about Eskom are pouring in from the state capture inquiry. Natasha Mazzone believes their secret deals with China are “risky business”. We’ve experienced a shuddering last few days at the state capture inquiry. Former Eskom executives who were present when the rot of corruption set in have lifted the lid on some pretty..
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ANC Only Needs Five Years To Destroy SA, Fire All Deputies To Save Country – Economist
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South Africa’s stagnating economy and exponential government spending mean that 2024 could be the year its cash reserves run dry, according to independent agricultural economist Fanie Brink. “Government spending increases every year uncontrollably, but it does so at an exponential rate. That will also increase the debt burden to the same extent in the near..
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Thank Eskom and the Guptas for Being in the Dark – Eskom Staff Were Pushed to Sign R4.3bn Tegeta Contract, #StateCaptureInquiry Hears
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Evidence leader at the Zondo inquiry, Advocate Kate Hofmeyr, on Tuesday, 26 February 2019, gave an overview of the evidence of corruption in Eskom’s coal supply contract with Gupta family businesses that were going to be presented by a new witness. Daniel Mashigo, acting senior general manager for primary energy division at Eskom, took the stand on Tuesday..
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Economist says Zuma government cost taxpayers about R470bn – What a waste of good money!
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Nedbank chief economist Dennis Dykes says the Zuma regime has cost South Africa R470bn. Dennis Dykes says they have done a thorough calculation that is South Africa’s loss due to corruption, maladministration and distorted policies in Jacob Zuma’s second term. He says there was an estimated loss of R140bn due to taxes lost and now..
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ANC transformed the country into a disaster! In ANC-terms, the list of “transformational successes” is mind blowing, particularly seen in the context with the obsession with race representation at all costs, especially with regard to experience and skills
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After 25 years in office, the parliamentary debate on the transformation of South Africa’s economy to serve the nation is nothing more than an admission by the ANC that it failed miserably as the country’s government and that its harmful policies merely contributed to the destruction of our economy. The ANC did indeed transform our..
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Loadshedding left a trail of destruction in South Africa, weakening the poor economy by at least R10bn; this should be a costly lesson for the Ramaphosa government
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The five days of loadshedding last week left a trail of destruction in South Africa, and should be an expensive lesson for the Ramaphosa government. It was a week in which transformers exploded, damaging equipment in homes and industries, virtually irreparably damaging substations and even weakening the poor economy by at least R10bn. The load..
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Thanks to the ruling ANC regime, SA’s economy outlook is getting worse with Eskom already plunging the country deeper into debt
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In an exclusive interview conducted by Die Vryburger with a well-known political analyst, it seems that 2019 is not a year of good prospects. The anonymous expert says the projections are getting darker with Eskom, who is already plunging the country into debt with loadshedding. In addition to the enormous R2 billion it cost daily..
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Soweto owes ESKOM R 17 billion, half of the total national debt – Just cut their bloody electricity to this township!
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ESKOM is desperately trying to recoup money owed by municipalities – Soweto, in particular, is making that task all the more difficult. ESKOM, South Africa’s national electricity provider, had an exceptionally shocking year in 2018. Financial losses reached dismal new depths. Irregularities, both fiscally and operationally, left the state owned enterprise floundering in the doldrums..
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Not All Are Born Equal – 21 Year Old Irish Student Questions Establishment Thinking On Race and IQ, Like Students Should Do, Gets Unequal Treatment From Egalitarian Elites
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Ireland’s reputation as being a world renowned place for free thinking writers, authors and journalist’s seems numbered. In today’s world of Marxist Universities and dumbed down consumerism, not many 21 year millennials are able to write, research and compose a decent article. It is also rare to find a student that is not blindly and fanatically following the Establishment left wing soundbytes, even though students are meant to question established thought patterns, in order to discover, create and invent new things and ideas. An Irish student has penned an article calling for diversity amongst nations to be upheld, as he states, the concept of egalitarianism has not worked in this sphere and has been shown to be a false paradigm. Egalitarianism and diversity seem to be at odds, meaning open discussion is required… something the left hates.
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