South Africans are daydreaming their way to a poorer future by keeping too great a portion of their investments in the country – despite massive underperformance of JSE indices, falling real house prices and a future which looks equally bleak for those trying to grow or even just preserve their wealth. This is according to..
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Wealth advice to South Africans: ‘invest as much of your money elsewhere’
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Will South Africa end up like Zimbabwe? No, very much worse
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In this video by Suidlanders Media we see that in 1994 the media used Zimbabwe as an example of a successful multicultural country with a strong economy. They said South Africa could be just like them. Today the media says it’s impossible, South Africa will never be like Zimbabwe. They are right though, it will..
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Looking at 10 Years of fuel prices compared and the reasons for the price rises
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South African motorists and taxi operators are buckling under the strain of record high fuel prices.
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The City of Cape Town seeks urgent interdict after MyCiti staff attacked, Buses stoned
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The city says the Economic Freedom Fighters is behind the industrial action which turned violent on Wednesday.
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The Rand is firm for now, but Moody’s delays ratings move!
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The rand strengthened further on Monday after Moody’s Investors Service held off on its ratings review of South Africa on Friday.
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Basa: Nhlanhla Nene fears worsening ‘jittery’ markets
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Uncertainty over the future of Finance Minister Nhlanhla Nene is leaving markets jittery, in a development the Banking Association of South Africa (Basa) has described as “unfortunate”.
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All they know is how to spend money:- Auditor General: Irregular spend at ‘all-time high’
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Auditor General Kimi Makwetu has lamented poor financial controls in the public sector that lead to irregular expenditure, saying the scourge has reached an “all-time high”.
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King Goodwill Zwelithini (the Zulu King) asks AfriForum for help to fight land expropriation
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King Goodwill Zwelithini is planning to join forces with Afrikaner supremacist group AfriForum in an effort to oppose land expropriation without compensation.
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Liar liar, pants on fire! – Ramaphosa blames apartheid and state capture for ailing economy
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President Cyril Ramaphosa says state capture, corruption and the legacy of apartheid are to blame for the country’s poor economic performance. Ramaphosa was speaking at the opening of the government’s two day Jobs Summit on Thursday. “Our economic performance has also been undermined by state capture and corruption in both public institutions. Of late, we..
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REPORT – Nhlanhla Nene asks to be relieved of his duties
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Following a public apology for meeting the Gupta brothers at their Saxonwold home instead of a public place, Finance Minister Nhlanhla Nene has asked to be relieved of his duties, according to a Business Day report on Monday.
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Ciryl Ramaphosa blames state capture, apartheid for ailing economy
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President Cyril Ramaphosa says state capture, corruption and the legacy of apartheid are to blame for the country’s poor economic performance.
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Shocking News: Eskom tariff hike: Here’s how much it costs to use your household appliances
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We’ve crunched a few numbers based on averages, and whichever way Eskom want to spin it, life is going to get tougher for consumers.
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After Pompeo Meeting, ANC regime will “brief” US Companies on Land Grab despite Ramaphosa denying there is a land grab…
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Despite Ramaphosa blatantly denying the existence of land grabs and farm murders, the ANC regime has announced it will now start a process of briefing American companies based in the country on the land reform program. This followed last week’s meeting between South Africa’s Department of International Relations and Co-operation (Dirco) Minister Lindiwe Sisulu and the US Secretary of State Michael Pompeo.
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South Africa’s unemployment crisis: 69 000 jobs lost in four months
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Stats SA revealed that employment in the non-agricultural formal sector dropped from 9 817 000 in March 2018 to 9 748 000 in June 2018. South Africa’s unemployment crisis continues to worsen as reports reveal thousands of jobs lost during the second financial quarter. Statistics SA released its latest Quarterly Employment Statistics (QES) bulletin on..
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This ‘gift’ of R370bn from China needs to be scrutinised, don’t you think??
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Given South Africa’s current economic woes, one would think that China’s recently announced investments in the country — the R33-billion loan from the China Development Bank to Eskom and the R370-billion toward a stimulus package — would have resulted in jubilation. But, bar the praises of a few government ministers, the news has gone down like a lead balloon.
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