A new twist in the Tokyo Sexwale “stolen quadrillion” saga has appeared – after the fund invited ANC government, to a Bank in Singapore. The chairman of the Worldwide Proxy and Trustee of the White Spiritual Boy (WSB) and Spiritual Wonder Boy (SWB) Heritage Funds, Mr Chark Leong Boey, has written a letter in his personal capacity, in an effort to clarify the confusion around the Heritage Fund. The Hawks on Monday confirmed that they were investigating two cases of alleged theft amounting to over R41 quadrillion.
Continue reading…
Hawks Confirm They are Investigating Two Cases of Alleged Theft from SARB Amounting to over R41 Quadrillion Linked to Tokyo Sexwale!
Posted on Leave a comment
ANC Using #Covid19SA to Justify Plans to “Discipline Private Sector”, Nationalise Pensions & Plunder Central Bank Reserves in “Radical Transformation”!
Posted on Leave a comment
THE STATE CAPTURE TO END ALL CAPTURES: True to their word, the ANC’s Ramaphosa and Nkosazana Dlamini Zuma (NDZ) are using the extended CCP-virus lockdown, as a cover to propose changes to the Pension law in order to grab pensions for massive redistribution of wealth, and tender fraud on a scale never seen before! Né Cyril? We should have known. The ANC is coming for your pensions with it’s promised radical transformation, turning the country into a fully communist, totalitarian and fascist black supremacist hellhole. In short they are throwing more wood under the pot in which they are slowly boiling the white minority frogs. Lots and lots of wood.
Continue reading…
Governor of SA Reserve Bank sues ANC councilor for R500,000 after banned “k-word”
Posted on Leave a comment
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..
Continue reading…
Constitutional Court says Public Protector is incompetent for her post
Posted on Leave a comment
The Legal Practice Board was requested by Accountability Now (AN), a non-profit organization, to remove the name of the Public Protector (PP), Busisiwe Mkhwebane, from the advocates. It follows the Constitutional Court’s ruling that she had acted and lied under oath. Adv Paul Hoffman, a director at AN, said in a letter to the Legal..
Continue reading…
Ace Magashule is playing Russian roulette with our future – doesn’t give a damn about you and your ability to feed your kids, educate them, or provide a better future for them
Posted on Leave a comment
If he did, he would not be in open warfare with the president and his economic cluster over the mandate of the Reserve Bank and its ownership. Frankly, a guy with no grip on the concept of quantitative easing and its likely consequences for a suffering country should not be making pronouncements on policy, regardless..
Continue reading…
Markets give negative verdict, dark picture is being sketched despite the political euphoria surrounding Ramaphosa
Posted on Leave a comment
According to the latest economic figures recently released by Stats SA from the SA, a negative picture is being sketched despite the political euphoria surrounding president Cyril Ramaphosa and the steps he takes to curb corruption. These figures show that in the first quarter of this year, the economic growth rate was lower than expected,..
Continue reading…
SA economy in dire stress Mr Cyril! – No growth occurred and Gross Domestic Production shrunk by a shocking 3.2%
Posted on Leave a comment
Despite the great optimism surrounding Ramaphosa’s election as ANC president, there has been no growth in the domestic economy. Rather, the decline can be notice after the latest figures where released. Gross Domestic Production weakened by a shocking 3.2% in the first quarter of 2019. This is the biggest fall since the world wide financial..
Continue reading…
Why the ANC is so desperate to nationalise the Reserve Bank even though it will be catastrophic for South-Africa in light of the major blow last week when the Rand weakened drastically after Ramaphosa’s announcement
Posted on Leave a comment
President Cyril Ramaphosa delivered a major blow to the rand this week after making it explicitly clear that the ANC, and thus government, will move ahead with its goal to nationalise the South African Reserve Bank. Ramaphosa’s line in Parliament on Thursday (7 March) – in which he said that ANC had made its position..
Continue reading…
SA’s struggling Rand is even further in abyss – Ramaphosa may be weaker on economic grounds than its predecessor Zuma
Posted on Leave a comment
It appears that the current ANC president, Cyril Ramaphosa, is probably an even weaker leader than his predecessor, Jacob Zuma, on economic grounds. This is the opinion of an anonymous Pretoria economist following the president’s announcement that he will nationalize the Reserve Bank in the foreseeable future. It is now clear that Ramaphosa has little..
Continue reading…
ANC’s double talk – Ramaphose and Magashule’s statements on the independence of the Reserve Bank contradict each other and are damaging the confidence of investors – There is no doubt that the ANC-regime is leading SA to a downfall
Posted on Leave a comment
The ANC president, Cyril Ramaphosa and Magashule’s statements about the independence of the Reserve Bank, clearly contradict each other. While Ramaphosa is trying to reassure voters as well as the outside world that the Reserve Bank will remain independent, his fellow companion is confusing investors. He said in a statement that the Reserve Bank would..
Continue reading…
No good news for consumers, you’re going to struggle more
Posted on Leave a comment
The Reserve Bank announcement that the repo rate is reduced by 0.25% is a very slight sugar stroke over other shocks that consumers are going to hit and their living standards will be negative.
Just after Easter week fuel
Continue reading…
South Africans are trying to decode Ramaphosa (and getting it wrong)
Posted on Leave a comment
During the Cold War, a new profession emerged – “Kremlinologists”, a hodge-podge of academics, journalists, other scoundrels, and commentators, who would study every minute detail of the behaviour of Soviet Union leaders when they were in public. They examined who stood next to whom, whose chair was closer or further away from the leader, who..
Continue reading…
The ruling party moves for land, and the Reserve Bank
Posted on Leave a comment
The ANC will seek to amend the constitution of the country to allow for expropriation of land without compensation and will also nationalise the South African Reserve Bank, the party announced on Wednesday night. The contentious announcement was made just before the close of its 54th national conference on Wednesday night. The sectoral commission on..
Continue reading…
Treasury letter – Sassa should not have disqualified Post Office
Posted on Leave a comment
A letter by National Treasury to acting South African Social Security Agency (Sassa) CEO Pearl Bhengu says the agency should not have disqualified the South African Post Office (SAPO) from three possible services in the social grants scheme. Treasury was given a week last Wednesday to review all the deal points of the then-collapsing deal..
Continue reading…
Can we believe this: ‘I didn’t conspire with Zuma’ – Mkhwebane
Posted on Leave a comment
Public Protector Busisiwe Mkhwebane has denied conspiring with the presidency and State Security Agency‚ saying her office remains independent. In papers filed in the High Court in Pretoria‚ the Reserve Bank accused Mkhwebane of meeting with President Jacob Zuma’s office and the State Security Agency before releasing her report on missing apartheid funds. The report..
Continue reading…