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.
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Hawks Confirm They are Investigating Two Cases of Alleged Theft from SARB Amounting to over R41 Quadrillion Linked to Tokyo Sexwale!
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5 new laws the EFF wants to introduce in SA, chief among these is a new bill which will nationalise the South African Reserve Bank
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The EFF wants to introduce a number of bills within the coming months, as the party seeks to have a greater influence in the country’s political sphere. Speaking in parliament on Tuesday (25 June), the party’s chief whip Floyd Shivambu indicated that these would include a number of reforms as well as the introduction of..
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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
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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..
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SARB Changes from Sacrosanct to Nationalization – Ramaphosa is Misleading the Country with a Double-Edged Tongue
‘Open your brain first before opening your mouth,’ says Mboweni to Masina in a heated debate over nationalisation- The finance minister believes the mayor was commenting on topics he has no in-depth knowledge of
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Following a 702 headline stating that finance minister Tito Mboewni is set to introduce a bill paving the way for the creation of a state-owned bank in competition with private sector retail and commercial banks, Mboweni and the executive mayor of the city of Ekurhuleni, Mzwandile Masina, got into a heated debate over nationalisation. The..
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Two ANC leaders singing different tunes and it is so confusing – Ace Magashule vows South African Reserve Bank will be nationalised whilst Ramaphosa was assuring business leaders in the private sector that the reserve bank would remain independent
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The ANC’s secretary-general, Ace Magashule has revealed the ANC’s plans regarding the South African Reserve Bank (SARB). A couple days after the party’s NEC had their Lekgotla meeting, Magashule has returned with shocking news of the party’s aim: to nationalise the central bank. South African Reserve Bank targeted for nationalisation by the ANC South Africa’s..
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Facts to know on what is the “Great VBS Bank Heist” all about?
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Advocate Terry Motau has released his report into what might be the biggest banking scandal ever to be uncovered in South Africa.
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“75% of South Africa’s Gold Mines Are Unprofitable” – ANC Regime’s Destruction of SA Continues Unabated!
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South Africa under the racist ANC regime has gone from bad to worse and now even South Africa’s 140-year-old gold industry – which was once the world’s largest, when part of Apartheid South Africa – is now facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money.
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Bank that lent Zuma money to repay Nkandla upgrades under curatorship
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VBS Mutual Bank has been placed under curatorship.
South African Reserve Bank (SARB) Governor Lesetja Kganyago announced this late on Sunday afternoon at a media briefing in Pretoria.
The bank came under the public spotlight in September 2016 after it gave former president Jacob Zuma a loan to repay R7.8-million as ordered by the Constitutional Court for non-security upgrades at his private Nkandla homestead.
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Reason behind SA’s junk status credit rating – full S&P statement
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In our opinion, the executive changes initiated by President Zuma have put at risk fiscal and growth outcomes. We assess that contingent liabilities to the state are rising. We are therefore lowering our long-term foreign currency sovereign credit rating on the Republic of South Africa to ‘BB+’ from ‘BBB-‘ and the long-term local currency rating..
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