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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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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ANC gives millions to Youth League even though they themselves are technically bankrupt according to Treasurer General
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The wastage of money by the ANC reached another “highlight” with the announcement that millions of rands had been given to the liquidated Youth League to write off their debt. The amount involved is and will probably remain unknown but there is talk of “millions”. The ANC will also further fund the Youth League so..
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De Lille reveals that SA taxpayers are paying R70 Million annually to house members of parliament (MPs) at official residences in Cape Town
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Patricia De Lille is the Public Works and Infrastructure Minister. She shared how the state had paid around R750 million over the fourth and fifth parliament to house MPs at the three parliamentary villages in the province. The expenditure occurred between 2009 and 2019. De Lille was responding to a written parliamentary question from Democratic..
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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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Unproductive Eskom drags Nersa to court over reduced power tariffs showing financial deficit of R102 billion
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The greedy Eskom, which fails to become profitable on its own, and constantly stands by the ANC government, has now taken its arrogance a step further, according to financial experts. The bankrupt power provider has already taken steps to approach the Supreme Court in a case against Nersa’s decision to grant a lower rate than..
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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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US Treasury impose huge sanctions on the Guptas that will cause the brothers’ business operations to be severely curtailed not to mention the possibility to be jailed for state capture
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Chickens are coming home to roost in all corners of the globe for the Guptas. The US Treasury have essentially “excluded” them from their financial system. Some huge breaking news is reaching us from the USA. The Gupta brothers are under heavy pressure after the US announced that it is imposing sanctions on the family,..
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Senior SARS official resigns to escape prosecution
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Another senior executive has agreed with the SA Revenue Service to retire with immediate effect. The retirement is part of the “cleaning” process the Revenue Service is doing, and a spokesman said Teboho Mokoena, the suspended chief of the human development division, agreed to leave the taxpayer’s service. In return, the Revenue Service has undertaken..
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Eskom – in return for R59bn bailout from National Treasury, Eskom must recover Soweto, municipal debt
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National Treasury is set to impose 28 conditions on Eskom in return for a R59bn lifeline to keep the cash-strapped power utility afloat and enable it to pay interest on its mounting debt burden. Treasury updated Parliament’s appropriations oversight committee on the conditions attached to an appropriations bill on Wednesday. The bill, which has not..
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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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Corrupt NSFAS officials steal students’ money and rob young South Africans of their opportunities for a better life
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Three workers employed at the National Financial Assistance Scheme (NSFAS) were arrested on Wednesday on fraud charges. According to dr. Randall Carolissen, NSFAS’s executive administrator, they are all situated the Wynberg office in Cape Town and allegedly paid student allowances into their own bank accounts. Carolissen said the three allegedly requested payment from applicants so..
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Bankrupt SABC gets R2.1 billion bailout to continue mismanagement, CEO receives excessive amount of R3.9 million for 9 months of work
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Communications Minister Stella Ndabeni Abrahams has just announced that the SABC will receive R2.1bn as part of a R3.2bn bailout. The ANC regime is pumping billions of rand into the ineffective SOE and has now been warned that no further aid will be provided. The struggling national broadcaster once again got money from the state..
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DStv customers, check your bills: “Thousands” have been overcharged for September
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A number of DStv subscribers reported being overcharged on their monthly bills by up to R1 000 in September. And the reason why has infuriated customers. If it’s not Steve Hofmeyr and his mates smashing up decoders, then DStv are pretty good at doing damage to themselves. The television network is facing an almighty backlash,..
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Trade unions are rejecting ANC’s plans to sell non-performing SOE’s
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All indications are that the ANC is prepared to execute the Tito Mboweni plan and sell the non-performing entities. For the ANC it is like swallowing a prickly pear with thorns and all, because it is a testament to their inability to run certain entities profitably. The Ramaphosa government faces an enormous fiscal dilemma, and..
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