After a thorough investigation, it was found that the treasury of South Africa’s is indeed empty for a long time. It has been discovered that the state’s owes amount municipalities approximately R165 billion. To make matters worse, it must be taken into account that the amount is valid for up to the end of June..
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ANC piggy bank is empty – ANC regime owes municipalities R165 billion
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Livestock actions banned in Gauteng, Mpumalanga and Limpopo following outbreak of foot-and-mouth disease – consumers can prepare themselves for some hefty price increases for meat products
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TAU SA is shocked after the announcement that livestock auctions in Limpopo, Mpumalanga, Gauteng and North West have been suspended until further notification by the Department of Agriculture, Land Reform and Rural Development. This announcement follows after the outbreak of foot-and-mouth disease in the Molemole district of Limpopo. “This is a big blow to the..
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NBF chief executive earns more than the president – Taxpayers finance public servants’ lavish lifestyles
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According to the DA, Philisiwe Mthethwa, CEO of the National Empowerment Fund (NBF) is probably the highest paid civil servant in South Africa. Mthethwa receives a combined salary package of more than R6 million during the previous financial year. “That’s R2 million more than Pres. Cyril Ramaphosa earns “said Dean Macpherson, DA MP and shadow..
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Malema says AgriSA’s ‘ugly white males’ show who owns SA’s land
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Economic Freedom Fighters (EFF) leader Julius Malema had harsh words for the panel who delivered a media briefing on AgriSA’s latest drought report. “Just look at this ugly picture of white males, a clear indication of who owns the land in our country,” he said of the panel, which appeared to feature only one person..
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Capitec director gets rid of all his shares
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Capitec director, Jean Pierre starred, sold all his shares on Tuesday. That was 5,000 shares at a total of R7.2m. He said it was a personal decision to sell now. Pierre, one of the best-known short sellers in South Africa, became an independent non-executive director of Capitec at the beginning of 2015. Before long, he..
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The Department of Home Affairs faces about R2 billion in claims due to their inability to meet expected services as well as incompetence to maintain law and order in its immigration department
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The Department of Home Affairs already has claims worth about R2 billion that come from civilians because of its inability to meet expected services. The claims are still growing due to the legal costs involved in the construction of cases that had to be resolved in court and of which the Department was apparently ordered..
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Weapon manufacturer Denel has quietly acquired a contract worth R6.3 billion for the export of weaponry
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With the apparent initiative and guidance of the new chief of arms manufacturers, Denel, a contract has been entered into for the export of weaponry worth more than R6 billion. A spokesman for the manufacturer confirmed that a contract had been obtained but that the broader details of it had not yet been disclosed. The..
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South Africa’s army has run out of money – this is how much trouble it is in
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South Africa’s National Defence Force (SANDF) is in a dire financial state, and with no promise of future funding, things may still get worse. Answering in a recent parliamentary Q&A session minister of Defence and Military Veterans, Nosiviwe Mapisa-Nqakula, said that current plans to get the SANDF back on track are entirely dependent on its..
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First Gupta house under the hammer – property apparently occupied by controversial ANC secretary general Ace Magashule’s son
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The first of a number of homes in Saxonword that belong to the Guptas is auctioned by the Park Village auctioneers. The property was occupied by the son of the First Gupta house under the hammer – property apparently occupied by controversial ANC secretary general Ace Magashule’s son, who initially refused to leave the premises…
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Parasitic SOE, Prasa also bankrupt? – Eskom threatens to cut power supply to trains due to default in payment
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This past week, the ANC’s president, Cyril Ramaphosa, had to intervene so that Eskom did not cut off the Passenger Rail Agency of SA (Prasa) power supply. The power supply would be cut off if the president did not intervene, and Prasa’s power supply for electrically powered trains would be cut off, which would force..
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S&P Global, which downgraded SA to junk status, warns ANC government that it will not be easy to restore land
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The ratings agency S&P Global, which has legitimately downgraded the country to junk status, since 2017, has warned the ANC regime, saying the path of recovery is not reachable with the clap of fingers. The agency also points out that the possibility of another downgrade in two weeks is not ruled out because of the..
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Unemployment Insurance Fund pays more than R63,000 to registered unemployed ‘ghosts’ so one man can benefit from it
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A former Department of Labor employee has been jailed by the Witbank Regional Court for 15 incidents of fraud he was convicted of. The 42-year-old Thokozani Percy Skosana was employed by the Department of Unemployment Insurance Fund’s division, and since 2012 has made several payments to “ghosts” and was able to start the payments with..
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Chaos once again the order of the day – Traffic on De Doorns highway disrupted after rioters protested over wages
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As in the past, the ANC once again motivated the people of De Doorns and the surrounding area not only to protest, but also to occupy the N1 with stones packed and vehicles hidden under the stones. No official spokesperson has been identified as a leader, and all that is known is that the violent..
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Pull the generator closer and get those candles ready, Eskom #rollingblackouts will be with us shortly
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Eskom expressed its disappointment over the decision of the rating agency Moody’s that further downgraded the bankrupt entity of the state. The Moody’s Investment Service downgraded Eskom from a B2 to a B3, which means the entity has no confidence in consumers or the rating agency. With the downgrade, Eskom is brought into line with..
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Ramaphose’s dreams on new job creation opportunities are not taken seriously – bigotry and mismanagement go hand in hand amidst the ANC-regime
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With the announcement of President Cyril Ramaphosa that a new business venture in Pretoria would lead to the creation of 6,700 new jobs, no one really got excited. Even the credit rating agency didn’t care, because nothing could make the nearly 30 million unemployed cheer as a drop in the bucket. Of course, there will..
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