The poor economic conditions, unemployment, little foreign interest, the land grab program, Eskom and other entities’ financial inability are all reasons why the country is in such a mess. Moody’s has pointed out to the ANC-regime that it will have to raise taxes to fix the mess at Eskom, which is the first step to..
Continue reading…
Taxpayers will now have to bailout the Ramaphosa regime after Moody lost patience with SA’s poor economic situation and proposes a tax increase
Posted on Leave a comment
Ramaphosa lets the cat out of the bag: The bad news: ‘Our money’s up’
Posted on Leave a comment
Ramaphosa acknowledged in parliament on Thursday that South Africa’s financial resources were depleted while the country’s development needs were enormous. He did not say straightforwardly whether he supported “prescribed assets”, he said later, the pension fund industry and other stakeholders needed to talk about using pension fund assets to support the country financially. The country’s..
Continue reading…
Supreme Court decides that insurance giant Old Mutual should re-appoint dismissed CEO
Posted on Leave a comment
The battle between Old Mutual and its CEO, Peter Moyo, is still ongoing, and now the company has taken further action against him. Old Mutual, which is currently under pressure from its shareholders, has indicated that a second notice of dismissal has been sent to the CEO. This was done in the midst of a..
Continue reading…
Well-known retail struggles heavily due to SA’s faltering economy and shows profit drop of over 18%
Posted on Leave a comment
Shoprite Checkers’ profits hit a big hit due to poor economic conditions and sales dropped drastically. Rumors circulating that Rupert, Wiese and Steinhoff are the mafia of the Western Cape are even seen on the social network, and with their respective losses, ironically, it is seen as no coincidence. Rupert lost R300m worth of luxury..
Continue reading…
PENSION FUND NEW PIGGY BANK FOR ANC-REGIME TO EMPTY
Posted on Leave a comment
There are speculations in government circles that the Trillion Rands currently in pension fund managers’ hands should be used to get South Africa out of its financial predicament, and not just to use the Eskoms, SAA, SABC etc. But believe me there are many other obscure motives behind the discussed move. When the IMF joins,..
Continue reading…
The Rand remains on a rollercoaster of volatility -the currency continued to weaken due to the heightened global growth risks after talk of financial bailout for Eskom
Posted on Leave a comment
Last week’s poor global data is indicative of a worldwide economic rough patch. Talk of another massive financial bailout for Eskom has put South Africa on thin ice with Moody’s. The country is said to be fighting a losing battle to keep its last remaining investment grade credit rating. Foreigners have already begun dumping R2..
Continue reading…
CR17 payouts – It appears that the Minister of Small Business had bought votes for Ramaphosa in order for him to win ANC election
Posted on Leave a comment
The dust has not yet settled around the CR 17 “donations” in 2017 when it became known that the Minister of Small Business, Khumbudzo Ntshavheni, had made large donations to ANC leaders. The donations are believed to be voting for Ramaphosa during the 2017 ANC leadership election which he won. In Limpopo, Gauteng, Eastern Transvaal,..
Continue reading…
Ramaphosa’s ANC election campaign bank account shows EFF MP received R40,000 – experts say something sounds fishy
Posted on Leave a comment
Bank account of Cyril Ramaphosa’s ANC presidential campaign, known as the CR17 , is back in the news. ANC leaders will convene a meeting to discuss the latest incident, which allegedly found that the EFF’s MP, Tebogo Mokwele, received R40,000 from Ramaphosa’s CR17 account. The EFF apparently confirmed that the MP did receive the money..
Continue reading…
Ramaphosa approved new law that frees debt burden of millions of people – however, it is speculated that whites will be excluded from new legislation once again
Posted on Leave a comment
The new law, which has just been passed by parliament, could mean that almost 10 million people’s debts may be written off. The law, which is seen as a benefit of predominantly black people, who incurred debt while their income is such that they cannot pay the debt, was of particular concern to the bankers.
Continue reading…
Matjhabeng: From city of gold to city of sewage – residents’ properties were flooded with sewage for days because sewage pipes were leaking but were not being fixed
Posted on Leave a comment
On 15 August 2019, the FF Plus filed a criminal complaint against the mayor, Mr Nkosenjani Speelman, and the municipal manager, Mr Elias Tsoaeli, of the Matjhabeng Local Municipality due to the municipality’s collapse of service delivery. Residents who live in the municipal region are affected by the problem of sewage running down the streets..
Continue reading…
Health care shares dropped R14 billion since announcement of NHI
Posted on Leave a comment
The FF Plus is seriously worried about the negative impact that the tabling of the National Health Insurance (NHI) Bill in Parliament last Thursday has since had on the country’s economy. It is not only the Discovery group’s shares that fell on the Johannesburg Stock Exchange. Yesterday, an amount of R14 billion was lost in..
Continue reading…
Economist says consumers are facing a bit of pressure things could get tougher in SA
Posted on Leave a comment
JOHANNESBURG – While the latest retail trade figures show a slight increase in consumer confidence, there were fears that pressure on consumers’ income may still decrease sales. Statistics South Africa released a report on Wednesday, showing an increase in retail sales which boded well for economic growth. The main contributors to the increase were clothing,..
Continue reading…
Foreigners are dumping SA bonds at a rate of almost R2 billion ($132 million) a day as junk status looms
Posted on Leave a comment
Investors have been dumping South African government bonds at a rate of almost R2 billion ($132 million) a day in August. With issuance increasing and a downgrade to junk a looming possibility, non-residents have sold a net R14.4 billion of the debt in August so far, according to JSE data compiled by Bloomberg. That’s an..
Continue reading…
SA currency now worst in the world – ANC the guilty party for display because of land expropriation policy, corruption and fraud as well as where internal fights are the order of the day
Posted on Leave a comment
The South African currency, the Rand, has reached its lowest level since September 2018. The state’s debt burden, Eskom’s inability and negative comments from potential downgrading agencies, are cited as reasons for the poor performance. Standard Bank’s Warrick Butler stated that the Rand is currently the poorest performer of all payment instruments worldwide. The Rand..
Continue reading…
SA collapses as a result of communist ANC regime – dire state of land now on the same level as Zimbabwe
Posted on Leave a comment
Political analysts say conditions in South Africa are now deteriorating by the day, and the bad conditions are now putting residents at the same level as in Zimbabwe. A police service that has lost thousands of rounds of ammunition without any action being taken against the culprits indicates the dire security situation that prevails. The..
Continue reading…