ONE. The lifestyle, business prospects and political aspirations of EFF president Julius Malema were funded from the R16.1-million robbed from VBS Mutual Bank and paid out to Sgameka Projects, the company of the brother of EFF deputy president Floyd Shivambu, Brian. Malema’s share of the loot was R5.3-million and it was dumped into his slush..
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Money Robbed from VBS Mutual Bank: detailed account of how EFF leader Julius Malema’s lifestyle, business prospects and political aspirations were funded
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New Health Plan poses huge risk to SA’s economy and would be disastrous if implemented – even far left FW de Klerk Foundation have their doubts!
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The ANC regime has South Africa’s people in a huge dilemma with its National Health Plan.
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Banks’ rights reduced – bankers can no longer just take your money out of account, to settle arrears on installments without permission
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Bankers’ rights have been curtailed by a ruling in the Supreme Court with a case that Standard Bank has lost, and in the future new rules on bankers are applicable. The practice where banks can just grab their share of money owed in a mortgage or loan as soon as a deposit is made, can..
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ATM crime increases – Gauteng the highest with 36% and Eastern Transvaal with 17%
Ace Magashule: We’ll confiscate the assets of white South Africans – He sketched a kind of Marxist-Leninist future for the country in which private property, banks and industries will be nationalised and “Africanised”
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Last month the ANC secretary general, Ace Magashule, who has himself been accused of large-scale corruption, stated that the assets of white South Africans will be confiscated without compensation. He sketched a kind of Marxist-Leninist future for the country in which private property, banks and industries will be nationalised and “Africanised”. “Our people demand service..
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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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Can you believe this, the SAA requests R4bn government bailout, their ‘wings’ needs to be clipped NOW
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JOHANNESBURG – South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs R4-billion from the government to survive the current financial year and allow it to renegotiate loan terms with banks. Zukisa Ramasia becomes interim CEO after Vuyani Jarana unexpectedly resigned on Sunday, after less than..
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Nedbank pockets R780m from the parastatal Transnet -Nedbank is the latest in a long list of private sector companies to be implicated in state capture
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The banking sector will be rocked by allegations of corruption this week, when Transnet tells the commission of inquiry into state capture about Nedbank’s involvement in a controversial deal which saw the bank pocket R780 million from the parastatal. This week, Transnet’s acting chief executive, Mohammed Mahomedy, will appear before the state capture inquiry where..
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The ANC wants banks to be forced to fund SA coal mines, well you are not a party anymore, you are now BANK-ROBBERS and THIEF’S
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South Africa’s banks should be forced to invest in new coal mines in the country, the ANC’s head of economic transformation has said. Nedbank and Standard Bank have said “they are not going to put money in coal anymore,” Enoch Godongwana said in an interview on Carte Blanche. “To me, that’s an invitation for prescribed..
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Juju asked Standard Bank to fire only white workers, and what do you think is going to happen:- Maybe WHITE people should boycott this institution
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Julius Malema leader of the Economic Freedom Fighters reportedly urged Standard Bank an “ultimatum” to only fire non-black employees especially white. “If Standard Bank want to retrench a thousand employees it is fine but no black person should be fired. Black unemployment is very unacceptable as it is and we wouldn’t like to add more..
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Hypocrisy inception…..MultiChoice can sponsor ANC, but not a prestigious awards event like the Ghoemas since they do not want to be associated with Steve Hofmeyr
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When you walk through the exhibition hall on the way to the Progressive Business Forum at the African National Congress (ANC’s) national conference, you can’t miss the double-storey MultiChoice stand with its colourful multimedia displays. Despite being implicated in the Gupta Leaks, the video entertainment and internet company isn’t keeping a low profile about its..
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Nedbank scraps debt of R14 million to so-called disadvantaged pensioners but cannot confirm whether white people will also be accommodated
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Nedbank has written off debts owed by pensioners, disabled people and homes managed by children. People who owe less than R150,000 to the bank and whose municipal debt is less than R10,000 are affected by the write-off. Nedbank could not confirm whether white pensioners would also be accommodated. Thirty-three title deeds were handed over by..
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VBS Bank’s ghost walks in Venda – king of Venda, also had money invested at the bankrupt VBS Mutual Bank, and now he has to repay R17 million
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Toni Mphephu Ramabulana, the king of Venda struggles to survive after an appeal court case that ordered him to repay R17 million to VBS he had previously received from the bankers. King Ramabulana and about 50 shareholders businessmen, politicians, and traditional leaders are accused of enjoying unauthorized benefits from the bankrupt VBS Bank. The VMS..
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SA’s struggling Rand is even further in abyss – Ramaphosa may be weaker on economic grounds than its predecessor Zuma
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It appears that the current ANC president, Cyril Ramaphosa, is probably an even weaker leader than his predecessor, Jacob Zuma, on economic grounds. This is the opinion of an anonymous Pretoria economist following the president’s announcement that he will nationalize the Reserve Bank in the foreseeable future. It is now clear that Ramaphosa has little..
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South Africa’s new state-owned bank could be a big R7 billion mistake, National Treasury has warned of the possible harmful effects of introducing a state-owned bank into South Africa’s current financial system
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In a presentation to the Standing Committee of Finance on Tuesday (5 February), Treasury warned that a number of recent banking failures – including the failures of African Bank and VBS Mutual Bank – showed that a banking licence should not be handed out lightly. It also warned of previous issues with state-owned banks, highlighting..
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