Auditor-General Kimi Makwetu warned the government that further bailouts to state entities would increase the budget deficit and lead to credit downgrades. The state advanced R446 billion in the 2018/19 financial year to eleven state-owned entities. Irregular expenditure increased from R51 billion to R61.3 billion. A financial expert said in response to the alarming spending..
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Irregular expenditure by ANC-parastatale entities increases to R61,3bn – only a stupid foreign investor will invest in SA
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ANC president visits Russia for Russia-Africa meeting – Is it perhaps Russia’s first step to get African countries dragged under the Russian wing?
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The ANC’s president Cyril Ramaphosa will apparently lead a delegation of African representatives to the first Russian-Africa meeting in the Russian city of Sochi, which will take place from October 23. The two-day event aims to focus on three key areas, namely economic ties, joint project development, and humanitarian and social sector improvements. Last year,..
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Dawie Roodt: “SA economy can be restored if Eskom privatizes”
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The South African economy can recover, but then the Ramphosa-regime must admit that it does not have the capacity to do so. This is the opinion of an economic adviser who says the one big reason why the country stumbles economically is because the whole world sees how wrong the Ramaphosa regime is in times..
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Foreign investors sell R25bn worth of shares in SA
Power outages cost SA millions of rands a day and could mean an economic downfall
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Ramaphosa may forget to go ahead with successful results whilst begging for investments when Eskom has already started shedding power, says a well-known economist from Pretoria. Eskom’s load shedding, without any announcement, costs South Africa millions of rand a day, and the entity is in two ways destroying the country economically. On the one hand,..
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Why jobs for skilled foreigners? What about about jobs for skilled white South Africans? ANC-regime prioritising immigration reform to attract skilled foreigners
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The government has prioritised immigration reform to attract skilled workers to the country, president Cyril Ramaphosa confirmed in his latest newsletter, released on Monday morning. This has been an important part of finance minister Tito Mboweni’s growth plan, which proposed friendlier immigration regulations for foreigners with tertiary qualifications from accredited institutions. In order to attract..
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Ramaphosa plans to pay Eskom’s R440bn debt burden off but no one knows how
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The ANC president’s plan to get Eskom out of the mess has yet to come to light and is apparently a state secret or no such plan at all. That’s the opinion of an expert in Pretoria who set his sights on the president’s promises that never come true, he said. The Ramaphosa plan to..
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Ramaphosa signs Internet censorship bill into law – there will be a definite potential for abuse in terms of infringement of free speech
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President Cyril Ramaphosa has signed off a number of major new laws – including the controversial ‘internet censorship bill’. In a statement on Wednesday (2 October), the presidency said that the new laws include: Overvaal Resorts Limited Repeal Bill; The Property Practitioners Bill; Electronic Deeds Registration Systems Bill; Film and Publications Amendment Bill. It was..
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SABC head in deep trouble for wrongful broadcasts of Ramaphosa
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In a document that was allegedly leaked, two members of the SABC board indicated that the SABC head in deep trouble for wrongful broadcasts of Ramaphosa, was held responsible for the wrong broadcasts of Ramaphosa. ANC president Cyril Ramaphosa’s speech in which he informed the nation about gender violence was mistakenly replaced by another survey..
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ANC regime gets billed for R100m for 35,000 election posters – The taxpayer will probably now have to shake his pockets to pay the bill?
It’s time to man up, Cyril – Ramaphoria is dead and SA is in the toilet
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Femicide, rape, murder, a tanking economy – everything’s getting worse, and action from the top is our only hope SA is in a terrible spiral of negativity. The past two weeks have been horrendous: men killing women, men raping children, supposedly “pro-poor” politicians like Julius Malema allegedly feeding himself from monies stolen from grandmothers’ pensions..
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South Africa chaos: Ramaphosa becoming defensive towards SA’s Banana Republic
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The ANC’s president, Cyril Ramaphosa, was on the defensive all the time last week because South Africa is recognized as a banana republic. This is the opinion of a political analyst in Pretoria after various incidents of different kinds,put Ramaphosa in a bad light. The charges against Ramaphosa began with the Public Protector who rightly..
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Ramaphosa’s praises of dictator Mugabe is a slap in the face of millions of Zimbabwean residents who had to flee the country
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ANC President Cyril Ramaphosa’s praise of Robert Mugabe has drawn sharp criticism from his own and liberal ranks. Ramaphosa’s description of Mugabe as an “outstanding leader” in Africa, according to the media, is a slap in the face of millions of Zimbabwean residents who had to flee to SA because of Mugabe’s policies and human..
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Anti-mass immigration violence is raging in SA despite the ANC president’s declaration that action will be taken on offenders
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Violence against foreigners escalated this past weekend amid the ANC president’s statement that action will be taken against the perpetrators. Even more businesses were targeted over the weekend and police rubber bullets and grenades could not stop the angry residents from continuing with their looting. Police have confirmed that a renewed wave of xenophobia has..
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Thank you SA for voting ANC – SA is broke thanks to the thieving done by ANC cadres in government
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It’s official: the South African state is bankrupt. President Cyril Ramaphosa confirmed it three weeks ago when he responded to questions in parliament. Ramaphosa’s exact words were: “Our resources are now depleted.” In simple terms, this means the government has run out of money. In a normal country, such a statement by the head of..
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