Investors have been dumping South African government bonds at a rate of almost R2 billion ($132 million) a day in August. With issuance increasing and a downgrade to junk a looming possibility, non-residents have sold a net R14.4 billion of the debt in August so far, according to JSE data compiled by Bloomberg. That’s an..
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Foreigners are dumping SA bonds at a rate of almost R2 billion ($132 million) a day as junk status looms
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Cash strapped Eskom left red faced after court bans 3-year contract of R350 million for lubricant purchase
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Eskom was banned from awarding a contract that would be valid for three years, amounting to R350 million. The contract involves the purchase of lubricants for use at its various power plants, but the judge banned it because Eskom did not comply with its own procedure or that of the government in awarding contracts. The..
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National Health Plan is going to need at least R180bn to R250bn for 12-month spending – with SA’s faltering economy that’s a disproportionate amount
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Implementing a National Health Plan does not mean, like Eskom, demanding a R50 billion from the government’s money it has collected from taxpayers. The reality is, too, that it cannot come into effect by making a slight upward adjustment in the personal taxes levied. The reality is that at least R180bn to R250bn will be..
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Two lions escaped through damaged fence in Hluhluwe-iMfolozi Park – hopefully they not craving human meat
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The spokesperson for the Ezemvelo KZN Wildlife Service confirmed that two lions broke through due to a weak spot in the fence and are still at large. Initially five lions broke out of the Hluhluwe iMfolozi Park, but three of the dangerous animals were already arrested, but on Tuesday, two were still on the loose…
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Governor of SA Reserve Bank sues ANC councilor for R500,000 after banned “k-word”
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As if no other amount is good enough, another R500,000 claim is made, this time the Reserve Bank boss against a board member. Lesetja Kganyago, Governor of the South African Reserve Bank, is now suing Port Elizabeth councilor Andile Lungisa. The claim against Lungisa comes after he had made statements on the social network about..
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Perspective: The nasty truth about SA’s failed education policy set by the ANC regime
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The Liberals has launched a campaign to try the failed education policy of the new SA at the door of Doctor Verwoerd’s policy. The closest truth of that campaign is that the predictable legacy of cultural mixing and ill-considered equality has already come true – Millions of pupils leave SA schools functionally illiterate. The lies..
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Red Flag of communism is being raised higher in SA – communist ANC-SACP is slowly but surely depriving whites of their rights in the country
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The increasing adaptation of the state and course of South Africa’s order as a so-called democracy raises concerns among peoples who see the Red Flag of communism being raised higher. The right of whites to own property is compromised after the regime has accelerated its land grab program. The legality of expropriation without compensation makes..
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SA currency now worst in the world – ANC the guilty party for display because of land expropriation policy, corruption and fraud as well as where internal fights are the order of the day
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The South African currency, the Rand, has reached its lowest level since September 2018. The state’s debt burden, Eskom’s inability and negative comments from potential downgrading agencies, are cited as reasons for the poor performance. Standard Bank’s Warrick Butler stated that the Rand is currently the poorest performer of all payment instruments worldwide. The Rand..
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Johan Rupert, SA’s most well-known billionaire suffer R300 million lost after robbers stole jewelry
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Billionaire Johan Rupert’s negative view of South Africa is likely to be further strengthened only after armed thieves stole millions of rand worth of property. The information was released by the Sunday Times, which reported that nearly R300m worth of jewelry was stolen this past Friday night. The thieves stole watches, diamond mounted pendants, earrings..
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SA collapses as a result of communist ANC regime – dire state of land now on the same level as Zimbabwe
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Political analysts say conditions in South Africa are now deteriorating by the day, and the bad conditions are now putting residents at the same level as in Zimbabwe. A police service that has lost thousands of rounds of ammunition without any action being taken against the culprits indicates the dire security situation that prevails. The..
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Soccer fanatics will soon start to toi-toi – SABC radios without football – but rugby enthusiasts have to choose expensive option and cough up for DSTV if they want to follow matches
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The SABC radio service got a tough fight when it they decided that the radio stations would not be allowed to broadcast football matches in the future. The 18 different radio stations have about 27 million listeners, who will now not hear football broadcasts, and must leave on TV if they want to know something..
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SANDF totally useless in Western Cape – ANC regime loses fight against crime
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Since more than 1,000 “troops” have been deployed in the Cape Crime plains, killings have not decreased. In the past week, 47 murders have taken place. ANC minister Bheki Cele and Alan Winde are both upset over the senseless actions but the state appears to have lost its fight against crime. Alan Winde will now..
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We are getting poorer in SA – Unemployment will continue to increase as long as population growth exceeds economic growth – Time to induce birth control to reduce breeding and stop bulk of illegal aliens from African countries
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The publication of the most recent Quarterly Labour Force Survey by Statistics SA and its calculations that the number of unemployed people continues to increase have once again elicited strong opinions and calls that somebody must do something. Reading the labour force and unemployment statistics together with the report on population growth that Stats SA..
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SAPS biggest source for distributing illegal ammunition! – Shocking figures show that 4 357 firearms and 9.5 million rounds of ammunition were lost in six years
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The South African Police Service (SAPS) has ‘lost’ more than 9,5 million (9 555 426) rounds of ammunition over the last six financial years. During the same period, 4 357 firearms were also lost. These shocking figures were revealed in an answer provided by the Minister of Police, Bheki Cele, in response to an official..
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Confirmed: Over 400 illegal aliens arrested by SAPS – Now The Forum for Immigration Practitioners of SA condemns the arrests, says it will be bad for foreign investors since SA is treating non-locals unfairly
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Over 400 undocumented immigrants were arrested this past week after they were confirmed to be in the country illegally. JOHANNESBURG – The Forum for Immigration Practitioners of South Africa on Saturday said the way the country was dealing with the immigration issue will kill investor confidence. The organisation said no foreign investor would openly put..
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