With the German President, Frank-Walter Steinmeier, on a visit to SA, the ANC president once again lied and said no land theft would occur. He continues by saying investors’ land and their investments are safe. Observers wonder if it means that investors’ land is safe but what about the white farmer’s land. President Steinmeier said..
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ANC policy has made its mark – Germany’s businessmen do not want to invest in SA before BEE has not been abolished – Ramaphose is now desperate and try every trick in the book to convince the men that land theft will not take place
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With the ANC regime in power in SA there are at least 24 municipalities under administration, all due to general incompetence of officials
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At least 24 municipalities are under administration. This is the result of poor financial management, the inability to reduce debt and general incompetence of officials. Add fraud and bribery to the list and a council is doomed. Reports state that 87 of the country’s 257 municipalities are currently dysfunctional. We can’t blame taxpayers for being..
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The “Black Friday” scam – no big bargains for consumers
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Annually, by the end of November, the media announce the arrival of “Black Friday” with big banners, which is supposed to offer major bargains to the good-faith buyers. However, there are some facts that people should take into account, especially now with the extremely poor economic situation and the trade world’s pursuit of greater sales and..
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Racial discrimination: South-Africans can now get free shares in Discovery Bank by depositing money with it – that is of course only if you are Black!
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Discovery Bank will give up to 10% of its shares to black depositors in an empowerment scheme, the Discovery group announced on Wednesday. The shares will be vendor-financed, and so risk-free. The details of how they will be allocated are still being worked out. The plan is for up to 10% of the shares in..
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National bankrupt broadcaster SABC, splurges millions, footed by taxpayers, on parties and bonuses while retrenching hundreds of workers
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MPs serving on the standing committee on public accounts (Scopa) have told the SABC top brass that it was unfair of them to retrench ordinary workers while the public broadcaster was spending millions of rands on parties and bonuses. The SABC board and its senior executives, including CEO Madoda Mxakwe and head of human resources..
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President is gallivanting throughout the world while violence, protests, murder, strikes are on the order of the day and SA’s debt is getting bigger – wonder if he would repeat his lies on farm murders in SA overseas
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Municipal and city council debt to Eskom is in an upward spiral with the latest figures of R17 billion by the end of September. The same pattern is found at the various waters where little progress is made with debt collection. A number of recommendations have been made but no decision has yet been taken..
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No wonder the state-owned weapon manufacturer Denel, is currently experiencing financial problems and faces bankruptcy – Head of finance fired after allegedly found guilty of fraud and unlawful use of funds
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The state-owned arms manufacturer Denel has fired his head of finances, Odwa Mhlwana, after he was allegedly found guilty of fraud and unlawful use of funds. Denel has now appointed Wim de Klerk in the position. He is currently the former CEO of ArcelorMittal and will soon begin his duties in the new post. Mhlwana..
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Give back what you stole! –Supreme Court decreed that Zuma must “pay back the money” for his legal costs
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The full bank of judges in Pretoria Supreme Court ruled that Jacob Zuma had to pay for all his legal costs for the cases taken to court on the decisions of former public protector Thuli Madonsela. Zuma’s application for appeal has been rejected and he must also pay this court case. In December last year,..
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EFF WHEELS COMING OFF – Malema’s party is facing serous legitimacy problems
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A political party attracts the kind of supporters it deserves. With less than seven months left before the general election of 2019, the loud-mouthed boy from Seshego’s party is facing serious legitimacy problems. Malema and Shivambu of the EFF are embroiled in serious allegations regarding corruption around the VBS saga and the GladAfrica contract in..
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What a shock, look here how much the municipal top management earn, and you are paying them:- The ‘Fat Cats’ of this country’s Municipalities
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Senior municipal managers, those in charge of high ‘ranking’ areas, will indeed earn more than President Cyril Ramaphosa.
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Eskom announces retrenchments, but experts say that it wont make any difference to its financial situation
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In an effort to cut costs, Eskom announced that certain executives will be retrenched. There are currently 25 executives with more than 400 senior officials and general managers. Eskom has employed over 16,000 additional staff over the last 10 years and currently has 207 more senior staff than 17 years ago. It is not known..
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SABC treading on thin ice – SCOPA chases SABC away after the state entity could not provide necessary information about unlawful expenses of R4,9 billion
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Scopa, the parliament’s standing committee for public accounts, chased the team of the SABC away because of the fact that no information could be provided about R4.9 billion unlawful expenses. According to Scopa, the national broadcaster does not have the will or ability to prevent the theft in the entity. The SABC was again given..
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Municipal managers, which include a lot of technical bankrupt municipalities, now earn R3.9 million a year for doing nothing actually
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Municipal managers’ new salary structures have just come into force with the announcement that they will now “earn” R3.9 million a year. The second in command then gets about R3 million a year. In many cases, work is outsourced by several private companies, while officials do little work but still receive astronomical salaries. The huge..
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Prasa buys 174 bakkies, minibuses at a cost of more than R57.6 million of taxpayers’ money… just to park them pointlessly, some of the vehicles already have scratches, and others don’t even start any more
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A total of 174 brand-new vehicles, which were all bought more than a year ago at a cost of more than R57.6 million of taxpayers’ money, are gathering dust in the Passenger Rail Agency of South Africa (Prasa) headquarters parking area in Hatfield, Pretoria. Two independent sources at the agency have confirmed that the vehicles..
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Due to political tensions in the country, South Africans are advised: “If you have cash to spare, take it out of South Africa”
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Late 2017, at the height of political tensions in the country, economist Dawie Roodt advised South Africans to take their money out of the country amid looming downgrades which would send the economy into another recession. While much has changed since then (including the appointment of Cyril Ramaphosa as president), Roodt still believes that many..
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