There is a line in Finance Minister Tito Mboweni’s brutally honest 2019 Budget Speech that I can’t get out of my head. “We are borrowing R1.2bn a day.” Read that again. Let it sink in. If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more. Some perspective: R1.2bn is..
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Mboweni’s truths: We are bankrupt and people will lose their jobs – If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more
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Cyril says he condemns farm murders just like other murders, but why doesn’t he take action?
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Cyril Ramaphosa responded to dr. Pieter Groenewald’s question to him in parliament by answering that he condemned farm murders just like the murder of any other South African, but believes that ethnicity must be overlooked because every life has equal value. He points out that in November 2018, in response to a parliamentary question, he..
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Cyril’s honeymoon days are over – politicians and business leaders are frustrated over empty promises and pace of land reform
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It appears that ANC president Cyril Ramaphosa’s honeymoon is over with business leaders who are frustrated with his pace of reform and his shadowy cabinet appointments and portfolio chairpersons. Economists declare that his cabinet appointments and his State of the Nation address did not inspire confidence. Many promises, but details of funding to realize the..
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It’s totally ridiculous, at least better than the new Life Orientation curriculum – New school subjects to be introduced after the ANC regime commited itself to “revolutionizing skills”
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ANC president Cyril Ramaphosa has announced that the government is committed to “revolution in skills”. This is done to train people who will produce “human capital”. According to the president, the following subjects will be introduced to schools. Data Science, Ledger Technology and Analysis, Additives Manufacturing, Artificial Intelligence, Robotics, Quantum Technology and Cryptography. Cryptography is..
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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
SA faces rating crisis due to ANC-controlled Eskom’s gross debt of more than R440bn – How will Ramaphosa overcome this problem without abusing public funds?
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Despite the R230 billion bailout the ANC president promised to Eskom over the next ten years, they are now asking the government for further assistance. At this stage, it appears that the government is going to trade Eskom’s debt for government bonds or through the creation of a special account. According to the Treasury, the..
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ANC regime is going to throw more money funded by taxpayers into the bottomless pit of Eskom, amounts are unknown
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Amidst many promises and assurances before the general election, the lies have triumphed again, as Eskom seems to be getting more money from the government. Stubborn reports indicate that an Eskom delegation has visited the ANC’s president, Cyril Ramaphosa, and some of his cabinet members, and talks have been held in Genadendal. Unconfirmed reports state..
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Economist Dawie Roodt “South Africa is headed for a Zimbabwe situation” – He’s warning us to ‘take our money elsewhere’
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Financial expert Dawie Roodt has explained the chain of events he believes will see South Africa follow the same path Zimbabwe has. Roodt wrote in a column for the Huffington Post this week how South Africa’s economic woes will eventually lead to state looting of taxpayers, then savers, and eventually investors. Where South Africa will..
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Experts say R230bn is not nearly enough to save sinking Eskom and believe leadership leadership and instability is the biggest problem at state entities
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During his speech before the SONA the ANC president, Cyril Ramaphosa, said Eskom could not go down and that the state would see to it that there is enough funds available to keep the entity going. According to experts, its R230bn is not enough to save the failed power supplier. Chris Yelland, a well-known energy..
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You, the taxpayer are going to pay for Eskom’s failures and probably Soweto’s debt too – Tax increase on the cards
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President Cyril Ramaphosa said in his recent state of the nation address that Eskom is facing serious financial, operational, and structural problems. While Eskom has sufficient cash to meet its obligations until the end of October 2019, its financial position remains a matter of grave concern. “For Eskom to default on its loans will cause..
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‘Just Kill Him, Brother’: A Widow’s Harrowing Story Of South African ‘Farm Attacks’ The Mainstream Media Dismisses
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Mariandra Heunis and her children are the survivors of a vicious, dead-of-night attack on her family. Her husband — her childrens’ father — is not. He was killed in their home outside Pretoria, South Africa, in what has come to be called a “farm attack — the targeted terrorizing of farmers in a country with..
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Ramaphosa wants to create utopia with an unrealistic action plan – intends on achieving it with an action plan that is not only unrealistic, but will also probably be destructive
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President Cyril Ramaphosa’s State of the Nation Address (SONA) is a striking example of ANC ideology being confronted with the reality and the ANC then choosing to rather cling to its ideology. The President realises that the country is in a crisis and he undertakes to create an utopia, but he intends on achieving it..
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Ramaphosa disappoints with first SONA – ANC once again makes promises that are not feasible
Township Alexandria, where most residents are supporters of ANC regime, is yet again protesting over no service delivery
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The protesters in Alexandria are at it again, they started blocking roads by throwing burning tires on access routes. Traffic has been disrupted while prospective car rental workers have been hurled out of vehicles to prevent them from working. The ANC president, Cyril Ramaphosa, has already set up an inter-ministerial task team in April to..
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Promises of Ramaphose and ANC as empty like the state coffers – new and clean administration a total farce
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The ANC’s president, Cyril Ramaphosa and the ANC’s so-called new and clean administration promises are as expected, just empty promises. Ministers from the Zuma honorary and those who have not yet been appointed are nominated as chairmen of parliamentary oversight committees. Even those currently implicated in the state capture are still considered fit for senior..
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