It seems that the black banks are struggling for survival and eventually will sink while many clients and investors will lose money. Four years after the collapse of the African Bank, the bank could only pay R1,1 billion to his creditors while an amount of more than R9 billion was payable. According to the latest.. Continue reading…
General financial misconduct, not adhering to shareholder instructions and repetitive legislative non-compliance are among a litany of challenges which lead to the government replacing the South African Nuclear Energy Corporation (Necsa) board. Continue reading…
With the inability of the Ramaphosa regime to clearly understand what farmers are facing from the when the landgrab action that will soon begin, farmers are worried that they will face financial ruin. The different scenarios are analysed one after the other, one of which makes farmers unwilling to sow or to plant. The farmers.. Continue reading…
ANC, SAKP, Cosatu and Sanco are now demanding the end of load shedding in South Africa. It is ironic that the people in charge of the country, that is, the ruling ANC party, its alliance partner, the SA Communist Party and unionists now demand that the shedding of power must be discontinued. The ANC’s Zizi.. Continue reading…
It’s important to note that Eskom’s application for a 15% tariff increase is over and above the 4.41% raise already granted to the utility by the National Energy Regulator of South Africa (NERSA) earlier this year. Continue reading…
The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for R100 billion in government support, the chief executive of Rothschild & Co in South Africa told Reuters. Continue reading…
DA Spokesperson Solly Malatsi has filed an official complaint with the SA Human Rights commission, following comments made at a Black First Land First (BLF) rally in Potchefstroom on Sunday 9 December. Continue reading…
Police have warned that ‘Good Samaritan’ criminals are tricking motorists into pulling off the road by telling them they might have a flat tyre – only to hijack them, Rekord East reports. This comes after two hijackings were reported on the same day using this modus operandi, according to police spokesperson Captain Colette Weilbach. On.. Continue reading…
Smuggling won’t be easy this festive season. As South Africa prepares for another bustling festive season – with an influx of people into and out of the country – those responsible for border posts and points of entry have been hard at work to ensure that travellers have as pleasant an experience as possible. Continue reading…
A farm attack took place on Lustigan road, Paarl in the Western Cape on 10 December 2018. Five masked attackers with machetes and knives attacked three victims of whom two were elderly, assaulted them and tied them up. Several firearms were robbed during the attack. Drakenstein Farm watch reacted swiftly with several other security firms.. Continue reading…
There is no shortage of coal at Eskom. This load shedding crisis is deliberately created to loot the money invested by foreign governments. Look at the diesel tender advertised by Eskom over to the weekend and closed on a Monday. Again they are making way for IPPs while looting and bankrupting Eskom in order to.. Continue reading…
Rumours and reports is doing the rounds that ANC is intending to speed up the land theft project, and are already making a fuss so that the forthcoming election results will be beneficial to them. According to the land claims plan, the regime wants to transfer 30% of the land to blacks within the next.. Continue reading…
Farmers across the country, but especially in the soft fruit industry, are at wits end. All this because of the continues load shedding that is currently employed throughout South-Africa. Vessels that deliver water at a certain time of the day for a certain time are now affected by power failures. The “cold chain”, namely cooling.. Continue reading…