You won’t have to look far to see news that Britain’s proposed exit from the European Union, or Brexit, has left Prime Minister Theresa May hanging by a thread, says Mica Townsend, business development manager at financial services provider, 10X Investments. “The resignation this week of Brexit Secretary David Davis and Foreign Secretary Boris Johnson..
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Brexit is warming up again: here’s how it affects South Africa
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“75% of South Africa’s Gold Mines Are Unprofitable” – ANC Regime’s Destruction of SA Continues Unabated!
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South Africa under the racist ANC regime has gone from bad to worse and now even South Africa’s 140-year-old gold industry – which was once the world’s largest, when part of Apartheid South Africa – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money.
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Land Confiscation Will Redistribute Poverty, Not Wealth! 180 Billion Rand’s Mortgages, Food Production and SA Economy Will Be Destroyed
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Zimbabwe 2.0 – The South African economy and the nation’s food production could collapse if the government seizes land from white farmers and redistributes it to black citizens, a local race relations organization has said. The move, approved by the ruling African National Congress (ANC) regime as well as the opposition EFF party earlier this..
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Former execs slapped the firm KPMG for R30m
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Two former KPMG directors who left because of the scandal involving the audit firm and VBS Mutual Bank have slapped the firm with multimillion-rand law suits for defamation and discrimination. But by doing so it has emerged that they were indebted to the embattled VBS — including for an almost R8‑million home loan.
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Liberty CEO:- Data breach under control and under investigation
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Liberty Holdings CEO David Munro told reporters on Sunday evening that it was in control of its technology and data infrastructure and was working with authorities to get to the bottom of a data breach which occurred on Thursday evening.
He maintained that no clients suffered any financial loss as a result of the data breach.
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Cyril Ramaphosa’s First Quarter Economy Contracts and Performs Worse Than All of Zuma’s!
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South Africa’s national statistical service has revealed the worst quarterly contraction of country’s economy in nearly a decade after Cyril Ramaphosa ousted Jacob Zuma from leadership, yet it appears he has not been able to do much better, quite opposite in fact.
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FINANCIAL TROUBLE??? – Foreign Investors Are Losing Interest In South Africa
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Prominent economist, Mike Schussler, revealed a financial fact last night which is tremendously concerning.
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Christo Wiese, Resigned Chairperson, sues Steinhoff
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Resigned Steinhoff chairperson, Christo Wiese, has lodged a claim of R59-billion against Steinhoff International. In a statement released on Thursday afternoon Wiese’s Titan Group, announced that it had served a summons on Steinhoff for the amount which related to investments made into the retailer in 2015 and 2016. In one case, companies in the Titan..
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UK Endorses Expropriation of White Land without Compensation: Rewards Cyril with R850 Million Foreign Aid and Visit to Queen!
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In what has been a very rewarding start to his UK visit, Cyril Ramaphosa’s land grab gamble has paid off and he will be bringing home the bacon when he returns to South Africa. Nothing like a pair of open black palms to get the white liberals to open their wallets…
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NWO’s Ramaphosa wants single currency for Africa. Has the Euro disaster not taught them anything?
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The president is attending an AU summit and wants the continent to rid itself of a ‘colonial mentality’.
President Cyril Ramaphosa on Tuesday strongly punted the idea of creating a single homogeneous currency for African countries in a bid to attract infrastructure investment and enable ease of intra-African trade.
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Today is a full day of hearings into corporate scandals in Parliament
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South African corporate scandals will be the order of the day in Parliament on Tuesday, as the standing committee on finance rolls up its sleeves for a full day of hearings into the imbroglios at Steinhoff, KPMG, VBS Mutual Bank, and the SA Revenue Service.
The committee will start by receiving briefings on Capitec Bank and VBS Mutual Bank on Tuesday morning.
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Land debate in South Africa is about dignity and equality— not the Constitution
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The country’s current debate over land expropriation without compensation, which has now been endorsed by Parliament, is important. Not because, as some fear, it will radically change the constitution. Rather, it tells South Africans how, in the economy and other spheres, the country deals with its minority ruled past: by crisis followed by compromise.
Crises are the only way change happens because, since the 1970s, the goal of the minority which has called the shots in the society for decades has been to ensure that changes alter as little as possible.
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President Ramaphosa’s maiden State of the Nation
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State of the Nation Address by the President of the Republic of South Africa, Mr Cyril Ramaphosa, 16 February 2018, Parliament
Speaker of the National Assembly, Ms Baleka Mbete,
Chairperson of the National Council of Provinces, Ms Thandi Modise,
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Mineral Resources Minister, Zwane ‘interferes’ again in a mine sale
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Mineral Resources Minister Mosebenzi Zwane has been accused of interfering in a mine sale by giving instructions that his preferred BEE partner be chosen over other prospective partners.
Zwane is said to have told a Chinese-led consortium to overlook one of the prospective BEE partners in favour of another. The identity of that partner is not known.
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Steinhoff implosion staggers SA
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The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB)..
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