Last week’s poor global data is indicative of a worldwide economic rough patch. Talk of another massive financial bailout for Eskom has put South Africa on thin ice with Moody’s. The country is said to be fighting a losing battle to keep its last remaining investment grade credit rating. Foreigners have already begun dumping R2..
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The Rand remains on a rollercoaster of volatility -the currency continued to weaken due to the heightened global growth risks after talk of financial bailout for Eskom
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CR17 payouts – It appears that the Minister of Small Business had bought votes for Ramaphosa in order for him to win ANC election
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The dust has not yet settled around the CR 17 “donations” in 2017 when it became known that the Minister of Small Business, Khumbudzo Ntshavheni, had made large donations to ANC leaders. The donations are believed to be voting for Ramaphosa during the 2017 ANC leadership election which he won. In Limpopo, Gauteng, Eastern Transvaal,..
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Eastern Transvaal village of Kriel suffers huge air pollution due to Eskom coal power station
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The Eskom plant at Kriel in the Eastern Transvaal is now the power plant that causes the second most air pollution with sulfur dioxide. The eastern Transvaal countryside is suffering from the huge air pollution caused by Eskom’s coal power plants, of which the Kriel plant is one of the biggest scapegoats. The details of..
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Ramaphosa’s ANC election campaign bank account shows EFF MP received R40,000 – experts say something sounds fishy
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Bank account of Cyril Ramaphosa’s ANC presidential campaign, known as the CR17 , is back in the news. ANC leaders will convene a meeting to discuss the latest incident, which allegedly found that the EFF’s MP, Tebogo Mokwele, received R40,000 from Ramaphosa’s CR17 account. The EFF apparently confirmed that the MP did receive the money..
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Ramaphosa approved new law that frees debt burden of millions of people – however, it is speculated that whites will be excluded from new legislation once again
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The new law, which has just been passed by parliament, could mean that almost 10 million people’s debts may be written off. The law, which is seen as a benefit of predominantly black people, who incurred debt while their income is such that they cannot pay the debt, was of particular concern to the bankers.
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An unemployment reality check in SA – The impact of behaviour on the unemployment crisis – We have become a nation of takers
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The economy is a superb construct that helps us to serve each other –and because the situation we are in rests so heavily on paradigms, we can turn things around pretty quickly by shifting those paradigms. We have become a nation of takers. Without recognising this we will not be able to fully understand the..
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ANC’s pension money proposal upsets economists – Government wants to use private and public pension funds to settle struggling SOE’s debts
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ANC Chairman on economic transformation, Enoch Godongwana, said during an interview with the Sunday Times that money from the country’s private and public pension funds should be used to pay off the debts of struggling state-owned enterprises such as Eskom and SAA. In response to the statement, economist Mike Schüssler said it was just another..
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ANC’s proposed land grab program is leaving SA farmers uncertain – concern that land will be given to disadvantaged and agricultural production will decline
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In recent months, it has become quieter regarding how the government is going to progress with its land grab program while the focus is currently more on the ANC divisions. Farmers across South Africa’s main concern is that land will be made available to the disadvantaged and instead of increased agricultural production, a drastic decline..
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Government policy causes SA academics to squander
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Government policy is not aimed at drawing the most out of South Africa’s rich academic well. This became evident from the answers provided to two written questions that the FF Plus posed to the Minister of Higher Education, Science and Innovation. One question dealt with retaining academics after the compulsory age of retirement, namely 65..
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Matjhabeng: From city of gold to city of sewage – residents’ properties were flooded with sewage for days because sewage pipes were leaking but were not being fixed
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On 15 August 2019, the FF Plus filed a criminal complaint against the mayor, Mr Nkosenjani Speelman, and the municipal manager, Mr Elias Tsoaeli, of the Matjhabeng Local Municipality due to the municipality’s collapse of service delivery. Residents who live in the municipal region are affected by the problem of sewage running down the streets..
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#Whitelife don’t matter: 19 Farm attacks, 2 farm murders in South Africa, 1-15 August 2019
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There have already been nineteen farm attacks and two farm murders in South Africa in the first half of August 2019. During July 2019, there were 39 farm attacks, 4 farm murders and 4 farm attacks were successfully averted. There is little being done to address the crisis and the government continues to avoid the..
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Foreigners are dumping SA bonds at a rate of almost R2 billion ($132 million) a day as junk status looms
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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..
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Cash strapped Eskom left red faced after court bans 3-year contract of R350 million for lubricant purchase
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Eskom was banned from awarding a contract that would be valid for three years, amounting to R350 million. The contract involves the purchase of lubricants for use at its various power plants, but the judge banned it because Eskom did not comply with its own procedure or that of the government in awarding contracts. The..
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National Health Plan is going to need at least R180bn to R250bn for 12-month spending – with SA’s faltering economy that’s a disproportionate amount
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Implementing a National Health Plan does not mean, like Eskom, demanding a R50 billion from the government’s money it has collected from taxpayers. The reality is, too, that it cannot come into effect by making a slight upward adjustment in the personal taxes levied. The reality is that at least R180bn to R250bn will be..
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Governor of SA Reserve Bank sues ANC councilor for R500,000 after banned “k-word”
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As if no other amount is good enough, another R500,000 claim is made, this time the Reserve Bank boss against a board member. Lesetja Kganyago, Governor of the South African Reserve Bank, is now suing Port Elizabeth councilor Andile Lungisa. The claim against Lungisa comes after he had made statements on the social network about..
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