According to economists, investors are preparing for D-day for Eskom. South Africa is currently doing better in financial terms than Nigeria, Turkey and Lebanon. Foreign investors have sold more than R25bn of the country’s shares and the Rand is among the five worst performing currencies against the Dollar. Even Ramaphosa acknowledged that the situation at..
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Foreign investors sell R25bn worth of shares in SA
Johannesburg mayor Herman Mashaba announced his resignation from the DA and his job as mayor
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The expected resignation comes after former DA leader Helen Zille on Sunday won the vote for the powerful federal council chairperson position. It is to our understands that Mashaba told a number of Gauteng leaders on Saturday night that he would quit his job should Zille win the hotly contested battle, which is second to..
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Taxi drivers wreaks havoc in Western Cape amidst ongoing strikes and protest, disrupting traffic from major cities
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Western Cape taxi drivers will start their protest again this week, disrupting traffic from major cities such as Cape Town and Bellville. Several taxi associations have begun the resistance that could be resumed this week for their dissatisfaction with Cape Town’s Traffic Department. They claim that the Department of Traffic officials are using the taxi..
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Power shortages in SA can last up to four years due to Eskom’s inability to produce
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The ANC-SACP government’s long-term plan with the economy is closely linked to the supply of electricity. The government has already published its “plan”, warning it of a so-called “immediate risk” of major electricity shortages that will arise. To make matters worse, it is stated that the large power shortages can last for four years due..
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SA’s past cannot be rewritten or changed – EFF’s motion to remove so-called colonial symbols across SA promotes racial polarization
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The Economic Freedom Fighters (EFF) have once again strive to remove all so-called colonial symbols from the Free State’s province. The party will table a motion containing allegations that blacks have no images of heroes in the Free State and that only white heroes are represented in the Free State, during the upcoming legislative session..
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ANC regime just cant resist the old folks money – State still wants to use pensioners funds as a bailout for bankrupt SOE’s
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The PIC group announced that they will meet in November to consider options to help the bankrupt state entity Eskom with its debt. Pensioners were given the assurance that the value of pensions would not be “wasted”. PIC already carries almost R90 billion of Eskom’s debt and more than one million public servants’ pension is..
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SA legal system fails country’s residents – criminals get away with crimes where only 1 in 40 hijackers is charged with crimes
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Of the more than 16,000 hijacking incidents reported in the 2018/19 year, few of the offenders were eventually punished for their offenses. Figures released show that one in every 40 hijackers is actually arrested and charged with their crimes. However, it is not just the criminals who get away with their crimes, because only 9%..
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The ANC’s plans to combat crime in SA are failing
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Police Minister Bheki Cele said, in particular, from his spokesman that he was encouraged by the decrease in murder cases and the increase in arrests made after murders were reported. The minister referred only to the violence in the Western Cape, and did not mention the rising murder cases in other parts of the country…
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New R28.6 billion project at Ethekwini Municipality just another initiative for ANC government to waste money
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Another failed ANC project under the guise of the Khawuleza Model launched at the expense of impoverished taxpayers. The ruling ANC president, Cyril Ramaphosa, declared that the Khawuleza municipality and environment is the place to create jobs. He launched the so-called metropolitan version for the Khawuleza District Development Model, which is believed to also improve..
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New multi-million project for Eastern Transvaal raises eyebrows – So far all ANC regime projects have failed and cost taxpayers millions
Multimillion rand scandal exposed at black trade union Fawu
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The existence of the black trade union Food and Allied Workers Union (Fawu) is threatened after a multi-million rand scandal is exposed. The possibility exists now that the union may be forced to deregister due to the alleged poor governance and no corporate governing system has been applied. The union, which is Saftu’s second-largest affiliate,..
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Power outages cost SA millions of rands a day and could mean an economic downfall
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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,..
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Eskom load shedding may have been applied over Nersa not approving electricity supplier’s tariff increase and is now used as leverage to manipulate the initial decision
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TAU SA finds it extremely suspicious that Eskom suddenly imposes loadshedding just days after the electricity supplier filed a lawsuit against Nersa, the regulator, because the entity was not satisfied with the tariff increases approved. “It almost seems as if there is a subtle blackmail here, as it has often happened in the past if..
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#RollingBlackouts are back due to a shortage of power generation at Eskom power stations contributed by lack of skill
Playing the race card when all else fail – Zuma: I’m being victimised because I’m black
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Former President Jacob Zuma faces charges of fraud, corruption and racketeering linked to the arms deal. But now he claims that he is being victimised because he is black. Zuma addressed his supporters on Tuesday following a brief appearance in the Pietermaritzburg High Court. He indicated his intention to challenge a court decision denying his..
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