The world is still unequal, and the gap between rich and the poor and between men and women is still vast. The world’s rich are getting richer and the world’s poor are getting richer – except in sub-Saharan Africa where the poor are getting poorer. Worldwide, the number of billionaires doubled since the 2008 financial..
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SA is the most unequal country in the world – and according statistics, South-African’s are becoming poorer and poorer by the day, while the ANC-regime is stuffing their pockets by abusing the taxpayers hard earned money via corruption and looting
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ANC councillor ‘hiring out’ community hall in Gauteng like it’s his own private business – if you want to use a multi-purpose community centre it’s likely you’ll soon be sent a picture of this man’s bank card
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An ANC ward councillor in the Emfuleni local municipality in Gauteng has allegedly turned a community multi-purpose centre into a personal cash cow, renting it out and apparently pocketing the spoils without the knowledge of the municipality. Elias Raditshila Mokoena, also known as “Ndade”, is a ward 19 councillor in Evaton in the Vaal and..
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‘Open your brain first before opening your mouth,’ says Mboweni to Masina in a heated debate over nationalisation- The finance minister believes the mayor was commenting on topics he has no in-depth knowledge of
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Following a 702 headline stating that finance minister Tito Mboewni is set to introduce a bill paving the way for the creation of a state-owned bank in competition with private sector retail and commercial banks, Mboweni and the executive mayor of the city of Ekurhuleni, Mzwandile Masina, got into a heated debate over nationalisation. The..
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South Africa Considers Handouts To Help Zimbabwe With Trouble Caused By… Handouts!
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The spiraling economic meltdown in Zimbabwe has prompted South African authorities to think about extending short-term credit to Harare and helping it to write off a $7.4-billion external debt. In an interview with the Daily Maverick newspaper, South African Finance Minister Tito Mboweni said the two governments were discussing ways to settle Zimbabwe’s debt to..
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Two ANC leaders singing different tunes and it is so confusing – Ace Magashule vows South African Reserve Bank will be nationalised whilst Ramaphosa was assuring business leaders in the private sector that the reserve bank would remain independent
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The ANC’s secretary-general, Ace Magashule has revealed the ANC’s plans regarding the South African Reserve Bank (SARB). A couple days after the party’s NEC had their Lekgotla meeting, Magashule has returned with shocking news of the party’s aim: to nationalise the central bank. South African Reserve Bank targeted for nationalisation by the ANC South Africa’s..
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SA does not have a rosy image as an investment destination – SA has been slithering down the WEF’s annual Global Competitiveness Index reaching 67 out of 140 countries
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To be blunt, SA does not have a rosy image as an investment destination. One does not have to look further than the WEF’s annual Global Competitiveness Index (CPI). In the 2006/2007 report, SA was ranked 45 out of 125 countries. Since then, SA has been slithering down the index, reaching 67 out of 140..
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Nephew of Zuma sequestrated after eating himself obese on the benefits of BEE, now it’s payday and the money is up
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Jacob Zuma’s millionaire cousin, Khulubushe, has been sequestrated by the court because he did not hold his credit agreement with his creditors. This includes thousands of miners who lost their income through the Aurora scandal, where (Makhulu) bushe was the director. Khulubushe has eaten himself obese on the benefits of BEE. Now it’s payday and..
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Now taxpayers must suffer for maladministration and corrupted Govan Mbeki Municipality – Taps run dry in Bethal after municipality fails to pay R87.7m water bill
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The taps ran dry in Bethal, Mpumalanga, in December when Rand Water Board reduced water pressure by 40% for non-payment of an R87.7-million back-bill owed by the Govan Mbeki Municipality. More than half the town is reckoned to be without water. Residents are furious because they have paid their water bills, and want to know..
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ANC-controlled city council of Vredendal wants to borrow R10 million from Standerd Bank – ANC ruling party is sinking deeper and deeper into debt!
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The ANC-controlled City Council of Matzikama (Vredendal and the surrounding area) will request approval at a Council meeting for taking an external loan at Standard Bank of R10 million. The loan is in part financing of its 2018/19 capital budget. No further information is known about the term, repayment amount, interest as well as how..
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Corrupt ANC official charged of fraud, corruption, theft and money laundering had to say goodbye to his luxuray cars and homes after it was seized by state – Six Mercedes Benz’s, three Land Rovers, three Audi’s and a Jeep Wrangler were among the vehicles seized
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The National Prosecuting Authority’s (NPA’s) Asset Forfeiture Unit (AFU) — armed with a preservation order — was knocking on the door of ANC heavyweight Mike Mabuyakhulu on Thursday morning. Mabuyakhulu, deputy chair of the ANC in KwaZulu-Natal, is before court on graft charges relating to the saga surrounding the R28m North Sea Jazz Festival dating..
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State-paid wedding plan blows up in former government employers face after authorising government funds to cover a R43 300 shortfall on her wedding
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Criminal charges hang over a government spin doctor who allegedly tried to use funds from her employer, the crisis-stricken Housing Development Agency (HDA), to pay for her wedding in December. The agency said this week it would press criminal charges against its former communications manager, Zingaphi Martin (formerly Matanzima), who resigned while her alleged fraudulent..
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So Zuma is living a lavish life on taxpayers’ hard-earned money! – Taxpayers have to fork out nearly R1m for Zuma’s air transport and cell phone account since he was removed from office as SA’s president
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Taxpayers have forked out just under R1m for former president Jacob Zuma, his spouses and support staff’s transport and phone bills in the first nine months of his departure from office. President Cyril Ramaphosa revealed in a response to a parliamentary question published on Thursday that the state paid R150,668.38 for Zuma’s flights between February..
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The tentacles of corruption is beginning to surface all over SA – Johannesburg swarms with illegal electrical connections as well as buildings erected without municipal approval – Investigations show R9 million loss
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An investigation by Johannesburg City Council at Four Ways revealed that the Council lost nearly R9 million in revenue due to illegal electrical connections. Buildings’ water and sewer connections have not been registered since 2015. It seems to be the tip of the “iceberg” as the investigation was done only in one suburb. It is..
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ANC’s double talk – Ramaphose and Magashule’s statements on the independence of the Reserve Bank contradict each other and are damaging the confidence of investors – There is no doubt that the ANC-regime is leading SA to a downfall
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The ANC president, Cyril Ramaphosa and Magashule’s statements about the independence of the Reserve Bank, clearly contradict each other. While Ramaphosa is trying to reassure voters as well as the outside world that the Reserve Bank will remain independent, his fellow companion is confusing investors. He said in a statement that the Reserve Bank would..
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Sorry SA, but we need more money, Eskom pleads – Eskom is asking for a 15% tariff increase over the next three years – but in the same breath employs more workers with hefty salaries
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Eskom CEO Phakamani Hadebe made a desperate plea for higher Eskom tariffs over the next three years on Monday, as well as for more money from the government, while apologising to SA for the mess the utility is in. Hadebe was speaking in Cape Town at public hearings held by the National Energy Regulator of..
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