Just hours after the latest petrol price hike kicked in on Wednesday, the Congress of the People (Cope) suggested that President Cyril Ramaphosa and his cabinet ministers pay for their own fuel to feel the financial impact being endured by citizens. The party said in a statement that the day the president and his cabinet..
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Cope says Cyril Ramaphosa and ministers must pay for fuel to feel our pain, so we can call for #Nofuelbudget, that will surely save South Africa some money
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The corrupt ANC government plans ‘could collapse pension funds, with pensioners dying poor’
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The party’s manifesto hints at targeting pensions through prescribed investments, ‘which will see half the population’s money used to bail out failing entities like Eskom’. The prescribed investments for pension funds hinted by the ANC in its 2019 election manifesto could lead to the collapse of South Africa’s pension funds and pensioners dying poor. Explaining..
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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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One of the main reasons why the country’s economic situation can worsen further in 2019 is because the Treasury is in the hands of Africans – of the 55 chief directors there are only seven white men and ten white women
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The Treasury has released dreadful news in a report indicating the breakdown of chief directors at the department. Figures by Tito Mboweni indicate that of the 55 chief directors there are only seven white men and ten white women. The other posts are filled by 25 black men and women, six coloured’s and seven Indians…
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Another bottomless-pit namely the SABC, were given three months to live as government cuts cash injections
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Unfortunately for the SABC, and its large low-level employee base, the government is now taking a hard-line approach to bailouts.
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Some official good news for motorists:- Petrol prices set to be slashed in December
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Well, who saw this coming? Petrol prices across South Africa are likely to be slashed next month, with some motorists set to pay less than R15 per litre.
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With Tito’s Mid-Term budget speech behind us, here is what he said about the land issue
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The dust is still settling after the Mid-Term budget speech, so we’re unpacking everything Tito Mboweni said about land.
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Treasury News:- Sars shortfall to blame for VAT hike, so we are paying for their incompetency!
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Treasury would not have needed to increase value added tax (VAT) by one percentage point to 15% in April if not for the revenue shortfall at the South African Revenue Services (SARS), deputy director general at national treasury Ismail Momoniat told the Nugent commission of inquiry on Wednesday.
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Confirmation from Treasury – Eskom looting was an inside job
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The noose is tightening around senior Eskom officials already implicated in looting with further evidence of the underhanded tactics used to benefit the infamous Gupta family, revealed on Sunday.
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Plundered SA Now Too Poor to Afford New Nuclear Power Plants from Russia! Project put on hold
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After years of plundering of the state coffers (taxpayers), corruption, incompetence, affirmative action etc, etc, South Africa now has no money left for the crucial nuclear energy project.
South Africa is interested in realizing a large-scale nuclear project with Russia. However, the country does not have the funds to do so.
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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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The SASSA crisis: Dlamini and Bhengu set to explain why they shouldn’t be held liable
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Embattled minister in the presidency for women Bathabile Dlamini and Sassa acting CEO Pearl Bhengu have been given until Monday to explain why they should not foot the bill for the CPS contract extension.
Last month, the Constitutional Court gave Dlamini and Bhengu until Monday to explain, via affidavits, why they shouldn’t be held personally liable to foot the bill for the extension of the Cash Paymaster Services (CPS) contract to continue distributing social grants.
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Will Trump Still Send $312,000,000 to South Africa EVERY YEAR after SA Parliament Approved Expropriation of White Owned Land Without Compensation?
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South Africa, the last sh*thole African domino has fallen despite warnings, just like after Zambia, Tanzania, Zimbabwe, etc. etc.
Mark Steyn on Fox News warns of an impending escalation of African migrants to Europe now that the last powerhouse economy of Africa has fallen to greed, despotism and communist totalitarianism. Yet still the USA finances South Africa to the whopping tune of over $300,000,000 in foreign aid every year! The West subsidizes and funds these “sh*tholes”.
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Unions threaten strike over 15% VAT announcement
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Two leading trade unions have promised to do everything in their power to make sure Finance Minister Malusi Gigaba’s announcement of a 1% VAT increase does materialise.
The organisations have promises to go on strike, if needs be, to highlight their unhappiness with the decision.
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This is what Malusi has to say about the 2018 Budget
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For the first time in 25 years, the South African government will hike up Value-Added Tax (VAT) in a bid to fund the gaping hole in the national budget.
With tax collection falling short by R48-billion, compounded by former president Jacob Zuma’s announcement of fee-free higher
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