The EFF wants to introduce a number of bills within the coming months, as the party seeks to have a greater influence in the country’s political sphere. Speaking in parliament on Tuesday (25 June), the party’s chief whip Floyd Shivambu indicated that these would include a number of reforms as well as the introduction of..
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5 new laws the EFF wants to introduce in SA, chief among these is a new bill which will nationalise the South African Reserve Bank
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The ANC regime now wants to loot your pension money to save their struggling state entities
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TAU SA expressed concern about the statements made on public forums by the ANC government where advocacy is being made to use SA’s pension capital for investment in so-called fixed assets. The size of the exit funds can make a huge impact on the national economy; according to the 2017 annual report of the pension..
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Ace Magashule is playing Russian roulette with our future – doesn’t give a damn about you and your ability to feed your kids, educate them, or provide a better future for them
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If he did, he would not be in open warfare with the president and his economic cluster over the mandate of the Reserve Bank and its ownership. Frankly, a guy with no grip on the concept of quantitative easing and its likely consequences for a suffering country should not be making pronouncements on policy, regardless..
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SA economy in dire stress Mr Cyril! – No growth occurred and Gross Domestic Production shrunk by a shocking 3.2%
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Despite the great optimism surrounding Ramaphosa’s election as ANC president, there has been no growth in the domestic economy. Rather, the decline can be notice after the latest figures where released. Gross Domestic Production weakened by a shocking 3.2% in the first quarter of 2019. This is the biggest fall since the world wide financial..
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Public Protecter wants clear Gordhan’s name after accusations that he was involved in so-called privatization of the SA Reserve Bank
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The Public Protector, Busisiwe Mkhwebane, said she was only trying clear Minister Pravin Gordhan’s name to end a dispute. Mkhwebane alleges that the minister interferes with her investigation after Gordhan putted his legal representative on her. The investigation is being conducted following the so-called privatization of the SA Reserve Bank which the minister has been..
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Reserve Banking Nationalization might just be a stunt to retain votes for the ANC?
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Former ANC president Thabo Mbeki has also joined the debate among black people about the possibility of nationalization of the South African Reserve Bank. Mbeki said the move was pointless, but political analysts said his point of view was merely an indication that he was still severely annoyed by how Zuma lifted him from the..
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Why the ANC is so desperate to nationalise the Reserve Bank even though it will be catastrophic for South-Africa in light of the major blow last week when the Rand weakened drastically after Ramaphosa’s announcement
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President Cyril Ramaphosa delivered a major blow to the rand this week after making it explicitly clear that the ANC, and thus government, will move ahead with its goal to nationalise the South African Reserve Bank. Ramaphosa’s line in Parliament on Thursday (7 March) – in which he said that ANC had made its position..
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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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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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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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ANC has decided to simply” expropriate “ordinary South Africans’ savings to save state-owned enterprises – ANC has your pension in sight to try to save sinking Eskom
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Economists have issued a serious warning as they fear public pension funds will be used to fill Eskom’s massive black debt gap. Mike Schussler shares other economists’ fears and says that such rumors have been around for 11 months. Eskom’s debt burden may rise to R600bn over the next few years, and businessmen reckon Eskom..
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Bad news for consumers before the festive season, Reserve Bank acknowledges SA’s inability and increases interest rates by 0,25% – people will have to tighten the belts this Xmas to not incur unnecessary debt
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The South African economy is still struggling and is in a technical recession since the beginning of the second quarter. The Reserve Bank held its last of six meetings this year, and had no choice but to raise interest rates by 0.25%. The lending rate to banks is thus increased to 6.75% and means that..
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The Rand is firm for now, but Moody’s delays ratings move!
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The rand strengthened further on Monday after Moody’s Investors Service held off on its ratings review of South Africa on Friday.
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The ‘bad mix’ of the VBS Sage:- PIC, VBS, Floyd and his baby brother
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Screenshots of text messages purporting to be a conversation between Floyd Shivambu and a businessperson with questionable links to the Public Investment Corporation (PIC) suggests a direct link between the Economic Freedom Fighters (EFF) deputy president and his brother Brian’s business.
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Facts to know on what is the “Great VBS Bank Heist” all about?
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Advocate Terry Motau has released his report into what might be the biggest banking scandal ever to be uncovered in South Africa.
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