While Cyril Ramaphosa delights in the Rugby players’ victory in Japan, Moody’s downgraded the country’s financial position near to junk status. In the next 12 to 18 months, the Ramaphosa regime will have to implement good plans otherwise there will be another major setback for the country that was once known as the most prosperous..
Continue reading…
SA, the country once known as the most prosperous one on the African continent, is downgraded by Moody’s to position near to junk status
Posted on Leave a comment
Irregular expenditure by ANC-parastatale entities increases to R61,3bn – only a stupid foreign investor will invest in SA
Posted on Leave a comment
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..
Continue reading…
Power outages cost SA millions of rands a day and could mean an economic downfall
Posted on Leave a comment
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,..
Continue reading…
Ramaphosa on begging mission in London to save corrupt & mismanaged SA from economic ruin. How much will #BlackPrivilege score this time?
Posted on Leave a comment
ANC President Cyril Ramaphosa is on yet another begging mission to London in an effort to prevent the bankrupt South Africa’s “economic downfall” which in truth is caused by mismanagement, corruption and downright blatant ransacking of the treasury by the ANC, the darling of The West. How will new UK PM Boris Johnson react? The..
Continue reading…
Chinese ambassador spells out the blunt truths about investment in South Africa – Appears that they want to take over after incompetent ANC destroys SA
Posted on Leave a comment
China’s ambassador to South Africa, Lin Songtian, has made it clear: if South Africa hopes to attract the further Chinese investment it needs to resuscitate its stagnant economy and it has to renovate its infrastructure, including revitalising the governance of state-owned enterprises. China’s ambassador to South Africa, Lin Songtian, is a master of the back-handed..
Continue reading…
Ramaphosa lets the cat out of the bag: The bad news: ‘Our money’s up’
Posted on Leave a comment
Ramaphosa acknowledged in parliament on Thursday that South Africa’s financial resources were depleted while the country’s development needs were enormous. He did not say straightforwardly whether he supported “prescribed assets”, he said later, the pension fund industry and other stakeholders needed to talk about using pension fund assets to support the country financially. The country’s..
Continue reading…
Foreigners are dumping SA bonds at a rate of almost R2 billion ($132 million) a day as junk status looms
Posted on Leave a comment
Investors have been dumping South African government bonds at a rate of almost R2 billion ($132 million) a day in August. With issuance increasing and a downgrade to junk a looming possibility, non-residents have sold a net R14.4 billion of the debt in August so far, according to JSE data compiled by Bloomberg. That’s an..
Continue reading…
Billions of Rands are taken out of SA because of the ANC regime’s inability to manage country effectively
Posted on Leave a comment
South African property companies are currently taking billions of rands across the country by making investments overseas. This is due to the poor economy, increased municipal rates and taxes, as well as political uncertainty in the sector as well as fears of expropriation without compensation. Investments overseas in 2018 were almost four times more than..
Continue reading…
The corrupt ANC government plans ‘could collapse pension funds, with pensioners dying poor’
Posted on Leave a comment
The party’s manifesto hints at targeting pensions through prescribed investments, ‘which will see half the population’s money used to bail out failing entities like Eskom’. The prescribed investments for pension funds hinted by the ANC in its 2019 election manifesto could lead to the collapse of South Africa’s pension funds and pensioners dying poor. Explaining..
Continue reading…
The honeymoon is over Ramaphosa, time to apply law and order – State capture can ruin SA financially and run the risk of losing over $ 100 billion in investments
Posted on Leave a comment
South Africa can suffer a huge loss if the ANC president, Cyril Ramaphosa, does not make sure that the people involved in the state capture are punished. The warning comes from the United Kingdom and America who both undertook to bring investments to the country if the Ramaphosa government can prove that it will apply..
Continue reading…
The ANC is coming for what’s yours! South African pensioners’ biggest fear has now become a reality – Pensions now need to fund bankrupt government’s state entities
Posted on Leave a comment
With the ANC’s launch of their election manifesto, it was debated that Treasury should see if pension funds cannot be used to help the bankrupt state entities. Meanwhile, Mark Barnes Chief Officer at the Post Office and said it would be a big move for the country. The prospective pensioners as well as current pensioners’..
Continue reading…
Investors do not want to invest in SA since our national power provider is so unreliable – Communists now demand the end of load shedding after it has already cost the country billion Rand in recent weeks
Posted on Leave a comment
ANC, SAKP, Cosatu and Sanco are now demanding the end of load shedding in South Africa. It is ironic that the people in charge of the country, that is, the ruling ANC party, its alliance partner, the SA Communist Party and unionists now demand that the shedding of power must be discontinued. The ANC’s Zizi..
Continue reading…
Germany slaps ANC upside down – discrimination where BEE is an unlawful measure for black favouritism, is definitely unacceptable and therefore Germany is not interested in doing business with SA
Posted on Leave a comment
Europe has opened its doors but EU trade partners concessions before making investments in South Africa. Of these, the most important thing is that Germany will not invest in South Africa, as long as the discrimination of a BEE (Black Economic Empowerment) has not been eliminated. Political observers and businessmen in South Africa placed the..
Continue reading…
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
Posted on Leave a comment
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..
Continue reading…
Due to political tensions in the country, South Africans are advised: “If you have cash to spare, take it out of South Africa”
Posted on Leave a comment
Late 2017, at the height of political tensions in the country, economist Dawie Roodt advised South Africans to take their money out of the country amid looming downgrades which would send the economy into another recession. While much has changed since then (including the appointment of Cyril Ramaphosa as president), Roodt still believes that many..
Continue reading…