Down The Corruption Rabbit Hole: In yet another shocker for members of the Government Employee’s Pension Fund, it has been revealed that The Public Investment Commissioner (PIC) has “invested” in land, on their behalf, for R570 525 per hectare in Coligny where the average price per hectare is less than R20,000! The ex SA Ambassador to Italy, Tembi Tambo (pictured), daughter of Oliver Tambo, is a representative of @Isago, the company benefiting from this highly questionable transaction.
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#StateCapture 2.0: Ex SA Ambassador To Italy, Tembi Tambo, Oliver Tambo’s Daughter, Linked to Government Pension Fund Plunder! PIC Pays 28 Times More Than Market Price For Bare Undeveloped Land!
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Where Does All The Money Go? South Africa Borrowed R411 BILLION From China in 2018, Yet Now in 2020, Our Pension Funds Are Targets To Bailout R254 Billion of Eskom’s Self Inflicted Debt?
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#ParasiticParastatals South Africans do need to be really concerned . There seems to be a black hole somewhere that is sucking up BILLIONS of Rands of not only taxpayer’s money, but even borrowing Billions more, and once the money is put in the black hole, it seems to be gone forever, creating the need for the government to look for hundreds of billions of Rands MORE, to keep debt laden State Owned Enterprises (SOEs) afloat.
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Rothschild & Globalist Big Business Elites in SA Agree With COSATU, To Let ANC Plunder Private & Government Pension Funds, To Bail Out ANC’s Eskom Cash Cow!
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#FollowTheMoney How much money have Banksters earned out of the plunder and ransacking of State Owned Enterprises, like Eskom, at the hands of the gangster ANC? Well, you were taught, or rather brainwashed, to think that crony capitalism and champagne socialism were at two opposite ends of the political spectrum? Four things however you can be sure both have in common, is greed, spending other people’s money, lust for power and hording all the assets and wealth into the hands of the few elites. This was proven this week when Corporate elitists in South Africa, under leadership of the Rothschild company in SA, agreed with COSATU (a powerful Trade Union which forms the triumvirate of power in SA, with the ANC & The Communist Party of South Africa), that the ANC government can raid pensions of ordinary people, including the Government Employee’s Pension Fund (GEPF), to bail out Eskom’s debt! Welcome to the dialectic…
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#StatePlunder No Surprise That Arrogant Municipal Manager of Small Bankrupt Free-state Municipality Gets Paid R2.9 MILLION Per Year, Yet Bankruptcy Administrator Was Also Involved in Gupta Corruption at Estina Dairy!
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The small bankrupt municipality in the Free-State which is still under administration has still managed to pay a municipal manager R2,9 million a year for 2 years, making him the best paid government official in South Africa! However his position was defunct as a Bankruptcy Administrator had been appointed, it seems, only to plunder the public coffers even more, as this “Administrator”, Moses Moremi was the one who signed the 99 Year lease to give the Gupta’s a rent free farm for the Estina Dairy scam!
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Poor economic conditions in SA cause job losses
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With the latest announcement from Telkom regarding the retrenchment of nearly 3,000 employees, the mining industry has also warned that they will be following the same route. Glencore and Merafe are also retrenching due to the poor economy and the extremely expensive electricity. Unconfirmed reports indicate that about 1,000 jobs have been compromised, of which..
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According to experts, Telkom has approximately 4,500 excess staff who are believed to have a direct impact on the profitability of the entity
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The government as Telkom’s largest shareholder has called for an urgent meeting to discuss the company’s plan for retrenching thousands of redundant workers. Earlier last week, Telkom announced its intention to lay off about 3,000 workers, which is a fifth of its total workforce. The Department of Communications and Digital Technology has announced that Minister..
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Greedy Ramaphosa & ANC Want More From Their Personal BEE Cash Cow, Eskom – He Finally Admits Medupi & Kusile Are Unreliable (Have Been Bled Dry) Even As The Blame Game Rages On…
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Planning to fail: Having pocketed millions, if not billions, by plundering Eskom in all sorts of ways through a variety of tender companies and who knows what else, it seems Cyril and The ANC have finally realised the Medupi & Kusile projects have bled dry, and are now looking for new ways to employ (steal) taxpayers money, to continue bleeding them dry… yet another new huge expensive project with new tenders, contracts, bribes & kickbacks. It is the same all over South Africa, build a new school, extort tenders, contracts, bribes & kickbacks. Then burn it down and steal more from the taxpayer by building another school with more tenders, contracts, bribes and kickbacks. The African Way.
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THIS Video Will Make ALL South Africans “The Moer In!” – SA has been plundered for an entire century, and still is…
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For an ENTIRE Century, South Africa has been the World’s Largest Gold Producer, by far and bar none! SA has also been in the Top Diamond producers. How much is it and where has it all gone?
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SA has a national debt of R3 trillion rand and tax deficit of R53 million
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Following the disappointing mid-term budget speech by Tito Mboweni, the Rand reached its lowest level in weeks. Eskom’s rescue plan has nowhere really figured in either Pravin Gordan’s submission or Mboweni’s budget reason. The government’s financial situation is rapidly deteriorating with the national debt of R3 trillion and a tax deficit of R53 billion. Moody’s..
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#ParasiticParastatal Another 59 Billion Bailout Has Just Been Granted To Mismanaged & Corrupt Eskom Gravy Train
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The National Assembly voted in favor of a special allocation bill on Tuesday that allows a bailout of R59 billion to struggling Eskom. The bill was approved by 200 votes to 105 with ANC MPs believing the bill is essential to keep the lights on. These MPs argued that many of them grew up in..
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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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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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Cash strapped Denel asks ANC regime for cash injection of R2.8 billion to pay employees salaries and remuneration
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Weapon manufacturer Denel is one of several state-owned enterprises (SOEs) found amid allegations of corruption and statecapture. The entity finds itself in a deep financial crisis and was forced to ask government for a R2.8 billion bailout to pay suppliers and outstanding salaries. Public Enterprises Minister Pravin Gordhan announced that the company, with the help..
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Mboweni’s truths: We are bankrupt and people will lose their jobs – If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more
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There is a line in Finance Minister Tito Mboweni’s brutally honest 2019 Budget Speech that I can’t get out of my head. “We are borrowing R1.2bn a day.” Read that again. Let it sink in. If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more. Some perspective: R1.2bn is..
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Humour has it that ANC regime can reduce SA’s debt burden by increasing VAT to 20% – nobody is keeping pace with the fact that corruption are the cause of state debt
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The government should increase the VAT rate by at least 5% to reduce the debt burden in the provincial roads’ maintenance account which is now six times higher than the province’s expenditure. Reports indicate that the South African roads, which are in a dire state, are now desperately seeking funds since there is was already..
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You, the taxpayer are paying for ministers and deputy ministers cleaning materials, internet services, DStv and cell phones
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Ever wondered who was paying for ministers and deputy ministers’ cleaning materials, internet services, DStv and cell phones? You. Dondo Mogajane … apparently obliged to exchange two BMW X5’s. Even former ministers and their deputies’ free flights can cost the taxpayer as much as R17 million a year, according to the updated version of the..
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