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 has a national debt of R3 trillion rand and tax deficit of R53 million
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ANC-regime invests R14 billion in war-torn Sudan, this step is considered extremely risky due to Jeff Radebe’s engagement with the signing of the agreement
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While no one is willing to get involved in exploiting oil in war-torn Sudan, South Africa has decided to invest R14bn in the industry. The investment, which is widely regarded as extremely risky, can apparently be valuable while sanctions can cause oil and oil exports by Venezuela and Iran to be temporary. The South African..
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ANC policy has made its mark – Germany’s businessmen do not want to invest in SA before BEE has not been abolished – Ramaphose is now desperate and try every trick in the book to convince the men that land theft will not take place
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With the German President, Frank-Walter Steinmeier, on a visit to SA, the ANC president once again lied and said no land theft would occur. He continues by saying investors’ land and their investments are safe. Observers wonder if it means that investors’ land is safe but what about the white farmer’s land. President Steinmeier said..
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