Two Wrongs Do Not Make A Right: Choosing the socialist road of enforcing dependency from handouts and victimhood, Ramaphosa, who became a Billionaire simply because he is black, has such a distorted world view, because his billions were just handed to him, he has no concept of what success or viability or sustainability or nationhood is. Like all Socialists, he seems to think the gravy train has no end and he can just keep punishing the hand that feeds him on the gravy train, whilst rewarding those who steal, plunder and vote for socialist grants. Ramaphosa has essentially admitted defeat when it comes to getting South Africa prosperous again, he appears to have no interest in that whatsoever.
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Two Faced Ramaphosa Takes The Low Road of Handouts, Revenge & Flogs The Dead Apartheid Donkey Again, Despite 24 Times More Murders Under ANC Regime Than Apartheid!
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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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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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Economist says consumers are facing a bit of pressure things could get tougher in SA
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JOHANNESBURG – While the latest retail trade figures show a slight increase in consumer confidence, there were fears that pressure on consumers’ income may still decrease sales. Statistics South Africa released a report on Wednesday, showing an increase in retail sales which boded well for economic growth. The main contributors to the increase were clothing,..
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Economic growth and housing in South Africa are not keeping up with population increase- housing shortage is a disaster waiting to happen
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Everyone in South Africa deserves human dignity, a habitable home and food on the table. The reality, however, is that the country’s economic growth rate of less than 1% is not keeping up with the population increase of 1,5% and unless that changes, we will be faced with unemployment and poverty. There are people who..
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Unemployment rates rise to 27.6% and remain one of SA’s biggest challenges
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Statistics South Africa announces that unemployment rose by 0.5 percentage points to 27.6% in the first quarter of this year. The figures confirm economists’ presumption that economic growth in the first quarter was negative and unemployment remains one of SA’s biggest challenges. The SA economy started on a bitter note this year with unemployment rising..
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The ‘coin’ of Cyril and Emmerson has the same side no matter how you flip it: Mnangagwa reveals catch to “white farmer compensation”
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Zimbabwe President Emmerson Mnangagwa caused something of a stir on Sunday, after he revealed plans to compensate white farmers only apply to the elderly. The Zimbabwe government will give priority to elderly white farmers when it starts compensating those who lost their properties during the controversial land reforms, the president said in an interview published..
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ANC and state capture, SA on the edge of being a failed state
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The FF Plus agrees with the assertion made by the director general of the Treasury, Mr Dondo Mogojane, that South Africa is not yet a failed state, but that it will soon end up being one if state capture is not brought to an end at once.
Economic growth is hampered even further by the unnecessary fragmenting of departments and it would only be to the country’s benefit if departments like trade and industry, small business development and even finance and energy were combined in order to promote cohesion.
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ANC regime is the reason why South African citizens live in poverty
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Two equal evils, poverty and inequality lie at the root of South Africa’s economic problems. Both should be treated equally. If the focus is only on inequality, it will create an economy where everyone is equally poor, except the elite which holds power, said adv. Anton Alberts, chairman of the FF Plus. Adv. Alberts said..
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Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA
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Economists have warned that South Africa could be in line for a credit downgrade to junk status – possibly before the end of the year. Their fears come in light of Malusi Gigaba’s mid-term budget speech, delivered to parliament on Wednesday. “It is not in the public interest, nor is it in the interests of..
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The true financial cost of Hurricane Jacob
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Over 1 month, six months, one year, three years and even five years. In rand as well as US dollars. Against the developed world and now also against the emerging market world. Take your pick; it doesn’t matter. These are the current facts of the returns of the Johannesburg Stock Exchange relative to the major..
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Reason behind SA’s junk status credit rating – full S&P statement
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In our opinion, the executive changes initiated by President Zuma have put at risk fiscal and growth outcomes. We assess that contingent liabilities to the state are rising. We are therefore lowering our long-term foreign currency sovereign credit rating on the Republic of South Africa to ‘BB+’ from ‘BBB-‘ and the long-term local currency rating..
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