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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SA Investment Conference does not create expectations for a better economy
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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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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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R6bn needed to renovate Gauteng hospitals – National Health Plan may be on ice
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It will cost the state more than R6 billion to complete 32 hospitals’ safety rating. The decline and deterioration of hospitals is particularly seen in electrical installations, fire protection equipment, elevator regulations and storage facilities. The condition can be attributed to contractors who do not deliver quality work and poor maintenance programs. There is concern..
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Chinese is taking over SA, communists to build a natural gas plant in the Free State
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Chinese company Wester Shell Cryogenic Equipment Co. (WSCE) was contracted by natural gas producer Renergen to build a plant for the production of liquefied natural gas and liquid helium near Virginia in the Free State. Since 2004, WSCE has been manufacturing small scale equipment for natural gas plants. The gas plant, which is expected to..
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Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing
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Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did..
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E-toll system not going anywhere – According Finance Minister, Gautengers must just except their fate and pay up
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Finance Minister Tito Mboweni said on Wednesday during his interim budget speech that the offending e-toll project will continue and consumers will be held responsible for the costs, with payments now being tightened and regulated. The people of the Central Transvaal will have to fall in love with the fact that Minister is not prepared..
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SA debt burden sky-high, municipalities bankrupt, SOE’s a huge burden on taxpayers’ shoulders, and ANC regime not capable to find solutions that are feasible and effective
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Finance Minister, Tito Mboweni issued a cold warning Wednesday in his Medium Term Budgetary Framework (MTBR), and said if action is not taken urgently, South Africa could end up in a debt trap, with rising interest payments on debt, higher interest rates and even higher unemployment. This admonition comes amid a sharp lower adjustment in..
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SA government hospitals degenerate into abattoirs and mortuaries! – Nearly 4,000 deaths reported in Gauteng state hospitals in 2018 due to medical negligence
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Intervention must take place at an extremely high level immediately to eradicate the crisis currently prevailing in state hospitals. It was revealed today that there were more than 3,832 deaths in Gauteng hospitals in 2018 due to medical negligence. Gauteng Health MEC Bandile Masuku provided the figures in response to a written question from Jack..
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The ANC can no longer rule South Africa – unemployment rate highest in 11 years and increased to 29,1%
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South Africa’s unemployment rate has increased by 0,1 of a percentage point to 29,1 percent in the third quarter compared to the second quarter, the highest it has been in 11 years. Statistics South Africa (StatsSA) said on Tuesday that the number of employed persons increased by 62 000 while the number of unemployed persons..
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Taxpayers fork out millions for 703 vacant state-owned buildings
ANC’s ‘soft porn’ curriculum apparently focuses on black students to reduce pregnancies among school-age children – experts believe the plan will increase this further
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The proposed curriculum planned by the ANC’s Department of Education on sex education is enough to ignite the country. The most obscene topics are contained in the proposed curriculum, and experts believe this will further increase the pregnancy among black pupils. According to FORSA (Freedom of religion South Africa), the Department of Education in South..
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Sex scandal rattles ANC – Gwede Mantashe allegedly pays R70 000 to hide his sex escapades
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Sex scandal shakes ANC after reports of Gwend Mantashe’s escapades came to light and he paid bribes to hide it. The reports not only roam within the ANC’s parliamentary ranks, but even the media and social network buzzed over the alleged bribery to which Minister Mantashe is guilty. Rumors and reports say that the ANC’s..
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