Despite being named one of the worst ports in the world, and shortly after an entire container of ammunition disappeared from secure lockup in Durban harbor during recent riots, Transnet Port Terminals plans to create a “super terminal” in Durban, enabling the port to handle very large vessels, and hopefully improve the efficiency of the port after its dismal rating earlier this year. Seems the ANC wants to put private investors’ money at stake and at risk of plunder, because it is not being privatised.
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ANC Government Begs for Private Investors to Pay for Transnet Extensions at “World’s Worst” Durban Harbor
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ANC Cadres Score R70 Billion No Strings Attached IMF Loan That YOU Have to Pay Back!
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Communists Love Spending Other People’s Money: Even though corrupt ANC has steered clear of IMF loans thus far, because they require financial transparency and discipline, the COVID-19 pandemic and Black Privilege has allowed the ANC government to get a loan, without an IMF structural adjustment programme, despite the IMF being deeply suspicious of ANC and COSATU. Seizing the opportunity the Corona Virus has afforded them, the ANC grabbed 100% of South Africa’s IMF quota.
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