Eskom expressed its disappointment over the decision of the rating agency Moody’s that further downgraded the bankrupt entity of the state. The Moody’s Investment Service downgraded Eskom from a B2 to a B3, which means the entity has no confidence in consumers or the rating agency. With the downgrade, Eskom is brought into line with..
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Pull the generator closer and get those candles ready, Eskom #rollingblackouts will be with us shortly
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ANC regime’s debt to SA municipalities exceeds R1bn
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Several millions of Rands debt is outstanding with municipalities across SA – ANC regime debt exceeds R1 billion The ANC government’s poor performance, especially in the economic and financial sphere, is also highlighted in its inability to settle its debt to municipalities. The ANC’s Minister of Public Works, De Lille, has acknowledged that the state..
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Zuma pretending to be ill to escape jail time like his former friend Schabir Shaik?
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There are a number of reasons why the former president of the ANC is suddenly ill, and one is that his chances of being released from the bars are diminishing. This is the opinion of a political analyst in Pretoria after Jacob Zuma’s lawyer informed the Zondo Commission that Zuma could not attend next week’s..
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Ramaphose’s dreams on new job creation opportunities are not taken seriously – bigotry and mismanagement go hand in hand amidst the ANC-regime
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With the announcement of President Cyril Ramaphosa that a new business venture in Pretoria would lead to the creation of 6,700 new jobs, no one really got excited. Even the credit rating agency didn’t care, because nothing could make the nearly 30 million unemployed cheer as a drop in the bucket. Of course, there will..
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Its still theft, no matter what you call it! ANC regime continues land expropriation without compensation policy
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TAU SA is preparing to assist landowners in expropriation cases without compensation. This follows after the discussions with the ad hoc committee appointed by Parliament to submit proposals on how Art. 25 of the constitution – which deals with expropriation without compensation – must be amended. “It is clear that the committee’s focus is solely..
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Controversial ‘Land or Death’ party BLF, finally deregistered as political party
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“The political party Black First Land First (BLF) was finally registered as a political party. The South African Electoral Court on Thursday rejected the BLF’s appeal against its deregistration in July this year,” says Dr. Pieter Groenewald, FF Plus leader. “In terms of section 16 (1) (c) of the Electoral Commission Act (Act 51 of..
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R100 – that’s how much Soweto residents want to pay Eskom for electricity each month
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The township is said to owe Eskom R18 billion in unpaid electricity bills. This week, Lungelo Lethu Human Rights Foundation (LLHRF) is finishing up court papers in a bid to haul Eskom to the South Gauteng High Court over electricity disconnections. LLHRF’s president King Sibiya said they want an interim court order forcing Eskom to..
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#Whitelife don’t matter! 28 Farm attacks, 3 farm murders in South Africa in October 2019 – A staggering statistic and the government says its not happening
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During the month of October 2019, there were twenty eight farm attacks and three farm murders, whilst one farm attack was successfully averted in South Africa. During September 2019, there were forty six farm attacks and seven farm murders, whilst one farm attack was averted. And the authorities continue to to deny the existence of..
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Eskom warns – Be prepared for ‘load shedding at short notice’
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The struggling utility has been forced to go the expensive route of using water and diesel due to the breakdown of some units. The “unexpected loss” of some of Eskom’s generation units over the weekend has left the electricity system “severely constrained”, the struggling energy utility said in a statement. While the statement said load..
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SA Investment Conference does not create expectations for a better economy
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The South African Investment Conference kicks off this week, and is considered by several political observers and financial experts that to much talking is done but nothing is being achieved. ANC President Cyril Ramaphosa is leading the government’s side to host the second annual meeting held in Sandton. With a kind of theme of “Accelerate..
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Eskom with debt burden of more than R450 billion cuts power supply to parts of Soweto due to default
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The national power supplier is struggling to keep up with its debt burden of more than R450bn and the ineffective functioning of many power plants. In addition to its own problems, Eskom has continued to act reluctantly against municipalities that do not pay their monthly consumption to Eskom, and Eskom is too cumbersome to act..
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ANC’s 30,000 election posters cost R100 million
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The ruling party recently had a big shock when they received a bill of R100 million for the printing of 30,000 ANC election posters. This indicates that a single poster cost about R3,000, which made the printing press rich overnight, but it seems like the ANC is hesitant pay such a bill. Ezulweni Investments in..
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Attackers armed with pangas and firearms have met their fate during failed murder spree, one is shot dead
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In a farm attack that occurred in the Eastern Transvaal region at least one attacker died during a failed murder spree. The black attackers where were armed with pangas and firearms. The two elderly victims were powerless against the attackers, but Tommy Brown, who was visiting with his parents that night, shot at least one..
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SA has a national debt of R3 trillion rand and tax deficit of R53 million
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Following the disappointing mid-term budget speech by Tito Mboweni, the Rand reached its lowest level in weeks. Eskom’s rescue plan has nowhere really figured in either Pravin Gordan’s submission or Mboweni’s budget reason. The government’s financial situation is rapidly deteriorating with the national debt of R3 trillion and a tax deficit of R53 billion. Moody’s..
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SA, the country once known as the most prosperous one on the African continent, is downgraded by Moody’s to position near to junk status
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While Cyril Ramaphosa delights in the Rugby players’ victory in Japan, Moody’s downgraded the country’s financial position near to junk status. In the next 12 to 18 months, the Ramaphosa regime will have to implement good plans otherwise there will be another major setback for the country that was once known as the most prosperous..
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