The ANC government is drowning in debt, and its domestic debt burden is a disgrace that is inexcusable but also remains unacceptable. The state owes businessmen in the country more than R7bn, and the foreign debt burden causes the country to receive junk status. Gauteng is believed to be the biggest offender with a debt..
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ANC-regime drowning in debt -, domestic debt burden exceeds R7 billion and all this for SOE bailouts
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ANC-regime’s ‘Two-year’ matric grand plan flops as only 8% of progressed pupils pass – But they still blame Verwoerd for the current flaws in education system?
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The government’s grand move to have “progressed” matric pupils write their exams over two years has bombed – only 8% passed The results of these pupils, who were pushed into matric after failing grade 11 more than once, were disclosed to the Sunday Times by the department of basic education last week. SA’s latest matric..
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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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Taxpayers will now have to bailout the Ramaphosa regime after Moody lost patience with SA’s poor economic situation and proposes a tax increase
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The poor economic conditions, unemployment, little foreign interest, the land grab program, Eskom and other entities’ financial inability are all reasons why the country is in such a mess. Moody’s has pointed out to the ANC-regime that it will have to raise taxes to fix the mess at Eskom, which is the first step to..
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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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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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Nedbank warns ANC-regime that there is a 10% chance that SA is heading for a Ramaphobia scenario
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Nedbank used their semi-annual report to issue a strict warning to the government. According to the report, there is a 10% chance that South Africa is heading for a Ramaphobia scenario. It involves the infighting in the ANC, the battle being lost against corruption, more downgrades, power cuts with increasing tensions and social unrest. Nedbank..
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Eskom is SA’s downfall with net loss of R20.7 billion and a deficit of R59 billion
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The latest Eskom financial report just released shows once again that the entity is causing the country’s financial collapse. The shock announcement that the power supplier is showing a net loss of R20.7bn for the financial year confirms that Eskom is holding the ANC regime hostage. If the ANC regime wants to see the country..
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Well-known SA businessman says land is on the verge of abyss with the possibility of David Mabuza as the next president of the country
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Johann Rupert is quoted in a book written by Pieter du Toit, the Stellenbosch Mafia, and says that SA is on the verge of an abyss, with the particular possibility that David Mabuza could become the next president of the country. Rupert apparently lost his faith in the ANC-regime despite his close ties with Mandela,..
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Zulu monarch receives R66.7 million despite SA being in an economic crisis
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Natal Prime Minister announced that the ANC-regime is continuing financial support to the Zulu king Goodwil Zwelithini.
The “king” will receive R66.7 million despite the country experiencing an economic crisis as Zwelithini is protecting the Zulu culture and being seen as a symbol of unity in the Natal province.
-Vryburger / 2019-07-26
Parasitic Parastatal Eskom, is holding the ANC hostage. Demands funds or else the whole of SA will suffer without power
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If there is no funding, there will be no change, and the ANC regime will be guilty party because he made the appointments in the power utility’s senior posts. This is the opinion of a political analyst after Finance Minister Tito Mboweni announced that Eskom needed R59bn to remain operational. The minister announced in Parliament..
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Humour has it that ANC regime can reduce SA’s debt burden by increasing VAT to 20% – nobody is keeping pace with the fact that corruption are the cause of state debt
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The government should increase the VAT rate by at least 5% to reduce the debt burden in the provincial roads’ maintenance account which is now six times higher than the province’s expenditure. Reports indicate that the South African roads, which are in a dire state, are now desperately seeking funds since there is was already..
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ANC-regime stretching public finances by issuing bailouts to keep bankrupt SEO’s afloat – Denel requests a R2.8bn bailout from government
“Zuma still controls the ANC” – Natasha Mazzone blitzes Ramaphosa – Good luck coming back from Mazzone’s speech!
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It’s arguable that the best thing about Cyril Ramaphosa’s SONA speech is the debate that followed it: He’s been blasted for using Thursday’s address to “fantasise”, while many South Africans face a harsh reality. However, politicians across the house have united to try and stir the president from his dreams – including Natasha Mazzone. The..
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It seems like the ANC ship is sinking and high-paid officials fleeing – Many high-ranking SA bosses are resigning or retire
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It appears that there is a new disease in South Africa, namely retirement or resignation. High-ranking officials are now “unexpectedly” stepping down and parliamentarians are also joining the queue. The list grows by the day with the latest announcement from Sandile Shabalala from TymeBank , only three years after his employment. He followed SAA’s boss..
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