The SA Reserve Bank’s worst-case scenario, which would see the country’s economy lose 1.1 percentage points in growth and lead to the loss of 125 000 job opportunities, is fast becoming a reality. The central bank’s latest forecasts predict that the economy will sacrifice 0.4 percentage points in GDP growth if Eskom’s availability factor declines..
Continue reading…
SA Reserve Bank’s worst-case scenario fast becoming a reality – economy to lose 1.1 percentage points in growth, leading to the loss of 125 000 job opportunities
Posted on Leave a comment
NO SABOTAGE AT ESKOM – POWER GRID IN SA FACES TOTAL COLLAPSE
Posted on Leave a comment
Now the truth comes out, and it is not what Ramaphosa told you . Ramaphosa told the country this past Wednesday that sabotage was the reason for phase 6 loadshedding and it happened when an unspecified instrument was disconnected from one of the boilers at the Tutuka power station and that this led to the..
Continue reading…
THIS Video Will Make ALL South Africans “The Moer In!” – SA has been plundered for an entire century, and still is…
Posted on Leave a comment
For an ENTIRE Century, South Africa has been the World’s Largest Gold Producer, by far and bar none! SA has also been in the Top Diamond producers. How much is it and where has it all gone?
Continue reading…
With love from the incompetent ANC-regime – 28,000 jobs lost in Q3, unemployment in the SA stands at around 29.1%.
Posted on Leave a comment
Stats SA says South Africa lost 28,000 jobs in the third quarter compared to the quarter before. It has released its third quarter employment figures but shows that 78,000 jobs were actually created compared to the same quarter last year. Unemployment in the country stands at around 29.1%. Stats SA said that losses were seen..
Continue reading…
Consumer inflation rate is now at its lowest level in nine years
Posted on Leave a comment
The alleged drop in the consumer inflation rate, which is now at its lowest level in nine years, is called into question by many economic experts. Although the decline has been welcomed by some agencies, consumers say the decline is certainly not credible as food, fuel and clothing prices are constantly rising. However, the South..
Continue reading…
#Rollingblackouts – To prevent further damages Eskom announce Phase 2 load shedding for Friday
Posted on Leave a comment
South Africans will have to prepare for more power outages this weekend after Eskom announces that Phase 2 load shedding will take effect from 09:00 to 23:00 Friday. According to their latest statement, the bankrupt state entity says their system is still vulnerable. Although the power grid units are recovering as scheduled, they also lost..
Continue reading…
Load shedding due to poor workmanship at failed Medupi power plant, though Ramphosa points finger at sabotage
Posted on Leave a comment
The Phase 4 load shedding forced on South Africa this past week is attributed to poor workmanship with the erection of the Medupi power plant, which was initially highly praised by the ANC government. The power plant has caused so many problems in the past week that the Eskom management had to take the load..
Continue reading…
SA mining houses are closing one after the other due to Eskom load shedding
Posted on Leave a comment
South Africa’s mining houses close one after the other because it has become too risky to let their workers work underground during load shedding. It costs billions of rand to stop underground mining activities and still have to pay workers even though there is no production for the whole week. Economists point out that Eskom..
Continue reading…
Cyril rushes back to Eskom and cuts visit to Egypt short amidst electricity crisis which holds serious economic consequences for SA
Posted on Leave a comment
Opposition parties expressed their dismay when the ANC president, Cyril Ramaphosa, went to Egypt amidst #rollingblackouts occurred all over South-Africa this past week. He had to cut his less important visit to short and returned to South Africa to talk to the heads of Eskom about the crisis load shedding has on the finances of..
Continue reading…
Dumb Twit!! SA will overcome load shedding like apartheid, says Ramaphosa
Posted on Leave a comment
President Cyril Ramaphosa says the energy crisis currently faced by the country will soon come to an end. South Africans have expressed frustration, as Eskom battles to keep the lights on with stage 4 load shedding currently in place and was expected to last until 11pm. Ramaphosa, speaking in Sharpeville on Thursday in his Human..
Continue reading…
SA’s economic decline has happened by design – The ANC’s obsession with disproved socialist/communist practices is at the root of the problems
Posted on Leave a comment
All the plans devised to reignite the economy of the country will be stillborn so long as the ANC continues to pursue its socialist/communist programme. Even as Tito Mboweni proclaims his plans for the recovery, the ANC persists with its plans for expropriation of property without compensation, compulsory equity transfers, control of the “commanding heights”..
Continue reading…
SANDF splashes R20.5m on luxury German cars, but says funding shortfall is impacting on maintaining military base in Centurion
Posted on Leave a comment
While the SA National Defence Force (SANDF) was unable to maintain the Thaba Tshwane military base in Centurion due to “predominantly a lack of funds”, it has managed to find the cash to spend R20.5m on “luxury vehicles”, valued at over R600 000 each, for senior management in the previous two financial years. This is..
Continue reading…
Here are the ex-presidents who cost taxpayers the most
Posted on Leave a comment
Wondering which South African ex-presidents, as well as their spouse, costs the taxpayer the most after leaving their political offices? So far, it was by no means easy to find out and Dr. Leon Schreiber, DA MP, during a parliamentary question to President Jackson Mthembu, asked exactly what benefits these former politicians enjoy, and how..
Continue reading…
New scam doing the round in SA, people are now renting dead bodies to scam life insurers
Posted on Leave a comment
South Africans are renting, and buying, dead bodies to make false funeral claims, a report by the Association for Savings and Investment South Africa (ASISA) says. Life insurers rejected 1,915 funeral claims worth R176.4 million in 2018, of which 1,127 were found to involve fraudulent documentation. Another 156 fraudulent claims showed syndicate involvement – and..
Continue reading…
MINISTERS ‘FINANCES MUST BE REDUCED – Taxpayers are picking up the bills for home cleaning products, security improvements and cellphones
Posted on Leave a comment
The Minister of Public Service and Administration Senzo Mchunu on Monday announced several changes to the ministerial manual. Ministers will now not be allowed to pay more than R700 000 for a car, official flights within South Africa must be undertaken in economy class. The state will also no longer pay for security upgrades at..
Continue reading…