The power utility’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking government for more money. Eskom CEO and board chairperson Jabu Mabuza said the power utility’s debt levels have reached the ceiling. Eskom’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking..
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Bankrupt Eskom pleads for another government bailout as debt climbs beyond R450bn
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Prasa may lose 13 unused locomotives worth R2.6 billion due to dispute over ownership
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The thirteen locomotives that are not suitable for driving on the South African rail network because the huge machines are too high will now become a dispute over whose property it is. The 13 Afro-4000 locomotives are now in the balance and Prasa will have to fight to make them his property, informed sources said…
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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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Public Protector is being sued for R350 000 – this while she’s still unable to pay the previous claims
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A complainant who allegedly approached the Public Protector, Busisiwe Mkhwebane, about an incident 10 years ago now wants to file a claim of R350,000 against her because she was unwilling to investigate the matter. The complainant allegedly made a case against a senior member of the Limpopo Office of the Public Protector, and won the..
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‘Legacy of apartheid’ to blame for anti mass immigration violence says minister Naledi Pandor
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International relations minister Naledi Pandor met ambassadors and high commissioners from Africa on Monday to ease tensions after a diplomatic fallout triggered by attacks on foreign nationals that have rocked the country. Pandor told the diplomats, among other explanations, that the legacy of apartheid which caused economic inequalities in the country was to blame for..
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Anti-mass immigration violence forces Nigeria to nationalize some of its SA businesses such as Shoprite and MTN
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The xenophobic attacks in Gauteng on foreigners, and the looting of their businesses have now taken on an international turn. Nigeria is considering nationalizing businesses such as Shoprite and MTN. In its latest report, Bloomberg pointed out the rough times that might await South Africa if the most popular businesses, such as MTN, might be..
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Limpopo roads agency faces R118m in damage claims from potholes alone due to poor management and maintenance
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Poor management and maintenance of SA roads has resulted in damages claims that are eroding municipal budgets. Picture Supplied. A road damaged by rain and snow, that is in need of maintenance. Broken asphalt pavement resulting in a pothole, dangerous to vehicles. The Limpopo department of public works and its entity, Roads Agency Limpopo (RAL),..
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SA economy worse under Ramaphosa regime than during Zuma era
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According to Sakeliga’s CEO Piet le Roux, the political risk is currently worse than during Jacob Zuma’s reign. In a poll, 25% of respondents indicated that they were already moving portions of their operations to foreign ‘ports’. A further 24% intend to “relocate” within the next three years. This diversification is seen as a hedging..
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SA trapped in web of violence – 55 Murders a day, increasing rape while hijackings and robberies are the norm today – Will capital punishment really be the solution to violent crime?
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Violence in South Africa has increased to such an extent that citizens across the country are pleading with the communist-minded ANC government to bring back the death penalty. The spate of rapes occurring across the country has caused women and even members of parliament to ask that the death penalty should be reinstated so that..
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Regiments Capital used to plunder the Transnet pension fund – R349m ‘stolen’ from pensioners in four days
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After allegations emerged in court of yet another scam that Regiments Capital used to plunder a Transnet pension fund, Regiments directors quickly agreed to pay half a billion rand to settle all the fund’s claims against it. But Eric Wood, a former director, has gone to court to quash the deal, claiming his former colleagues..
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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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ANC regime’s promise to stop transit robberies yields no visible results – SA roads plunged into chaos with ongoing transit robberies, numerous busy routes closed for hours
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The N2 at Cape Town was the scene of a transit robbery during the late-night hours of Monday and caused the N2 to close as a crime scene. Motorists had to use alternative routes to reach workplaces as the route was closed for hours. In Bloemfontein, a G4S transit wagon was blown up in an..
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Parliament’s lipservice on crime leads to country’s downfall – SA needs action now to stop crime and not empty promises and threats
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The parliamentarians’ babble in parliament is to get sick with, especially if, after a serious series of incidents, they suddenly think something needs to be done. This is the opinion of a political analyst following the series of rapes that took place on several campuses across South Africa. He says every member of parliament wants..
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Rising anti-mass immigration violence in Gauteng calls on political leaders to ask for military assistance to bring violence under-control – They speak out against attacks on foreigners but remain silent on farm murders
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Gauteng political leaders are considering calling on the military to stop vandalism and looting in the province. According to Gauteng Prime Minister David Makhura, criminal elements are responsible for looting shops and have been warned that the military may be called in to address the problem. This follows after Ramaphosa requested police to bring the..
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The weak Rand makes investors move away from the currency, now rely on gold instead
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The rising gold price, the weak Rand that just can’t lift its head, coupled with the uncertainty over the country’s economic situation, has moved investors away from the money unit. Currently, Investgold is selling up to 5,000 gold coins per week, which is a strong indication that confidence in the Ramaphosa regime is continuing to..
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