ROBBING PETER (GEPF) TO SAVE PAUL (POLITICIANS) WHO WAS ROBBED TOO. Solidarity trade union has uncovered the reason why PIC approved an obviously fraudulent transaction. They called it right, watch this space. The massive R586 million overpaid by the State monopoly managing the pension fund for government workers (GEPF), the Public Investment Commissioner (PIC), has incriminated themselves and broken all ethics and codes of conduct, such a body should adhere to, when they tried to bailout the bankrupt municipal councillor’s pension fund, the majority of whose members are ANC councilors, it now seems.
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BUSTED! Massive R568 Million PIC Plundered From Government Workers Pension For Bare Land, Was To Save Bankrupt Pension Fund For Politicians!
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Where Does All The Money Go? South Africa Borrowed R411 BILLION From China in 2018, Yet Now in 2020, Our Pension Funds Are Targets To Bailout R254 Billion of Eskom’s Self Inflicted Debt?
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#ParasiticParastatals South Africans do need to be really concerned . There seems to be a black hole somewhere that is sucking up BILLIONS of Rands of not only taxpayer’s money, but even borrowing Billions more, and once the money is put in the black hole, it seems to be gone forever, creating the need for the government to look for hundreds of billions of Rands MORE, to keep debt laden State Owned Enterprises (SOEs) afloat.
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Rothschild & Globalist Big Business Elites in SA Agree With COSATU, To Let ANC Plunder Private & Government Pension Funds, To Bail Out ANC’s Eskom Cash Cow!
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#FollowTheMoney How much money have Banksters earned out of the plunder and ransacking of State Owned Enterprises, like Eskom, at the hands of the gangster ANC? Well, you were taught, or rather brainwashed, to think that crony capitalism and champagne socialism were at two opposite ends of the political spectrum? Four things however you can be sure both have in common, is greed, spending other people’s money, lust for power and hording all the assets and wealth into the hands of the few elites. This was proven this week when Corporate elitists in South Africa, under leadership of the Rothschild company in SA, agreed with COSATU (a powerful Trade Union which forms the triumvirate of power in SA, with the ANC & The Communist Party of South Africa), that the ANC government can raid pensions of ordinary people, including the Government Employee’s Pension Fund (GEPF), to bail out Eskom’s debt! Welcome to the dialectic…
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SAA director resigns from his post amid crisis at state entity
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SAA director Martin Kingston resigned from his post, and the move was welcomed by the communist-minded Numsa union as well as the trade union Sacca. The two unions also said the rest of SAA directors should follow Kingston’s example and submit their resignations. Kingston’s resignation comes after Bloomberg said in his report there is no..
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Can you believe this, the SAA requests R4bn government bailout, their ‘wings’ needs to be clipped NOW
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JOHANNESBURG – South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs R4-billion from the government to survive the current financial year and allow it to renegotiate loan terms with banks. Zukisa Ramasia becomes interim CEO after Vuyani Jarana unexpectedly resigned on Sunday, after less than..
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Former adviser has encouraged the South African government to bailout ESKOM (the-bottomless-pit) otherwise load shedding will just continue
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The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for R100 billion in government support, the chief executive of Rothschild & Co in South Africa told Reuters.
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