The Rich Get Richer: Is it any wonder NASPERS was able to “donate” 1 Billion worth of Chinese made testing kits and PPE to South Africa, after unprecedented demand for online services and entertainment during the Covid-19 lockdowns, firstly in China when the CoronaVirus started, and now in SA, saw a scramble for safe investments, which helped grow NASPERS profits, and set South African stocks on course for a record April month! The benchmark index in Johannesburg is up 14% in April, the most in any month since Bloomberg began tracking the gauge in 1995. Most South Africans do not realise the extent of China’s influence on South Africa even though millions of South Africans have a financial stake in the growing intolerance of criticism by the Chinese Communist Party (CCP) Government.
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How China, the #CCPvirus and NASPERS Sent South African Stocks Index to Record Highs in April Despite Lockdown!
Sasol loses 44% of value – CEO’s obliged to resign after controversial Lake Charles Chemicals Project
The CEOs of the Sasol, Bongani Nqwababa and Stephen Cornell agreed to resign after an independent investigation into a highly controversial US project. The so-called Lake Charles Chemicals Project, which is said to have seven production units that would produce different chemical products, one of which is a type of plastic, would have cost as..
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Sasol, world’s biggest manufacturer of fuel from coal is said to plan sale of its SA coal mining unit – Hopefully not to China?
Sasol is planning to sell its South African coal-mining business in the coming weeks, according to people familiar with the matter. The company will begin a formal sales process said the people, who asked not to be identified as the information isn’t public yet. The mining business had a turnover of R20 billion ($1.4 billion)..
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A study show that air pollution by Eskom and Sasol is killing South Africans
A new study on air pollution by Eskom, Sasol Synfuels, and Natref provided shocking evidence of the harmful effects caused by these organizations to the environment and to human health. The study was conducted by Dr. H. Andrew Gray of Gray Sky Solutions, an air pollution research consulting firm specializing in particulate matter (PM) and..
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Dear Taxpayer, brace yourself for some more SHOCKING news:- Eskom: Yet another taxpayer-funded bailout looms amid court action
Dig deep, Mzansi. Eskom wants your tax money again. Rumors of a fresh bailout have been sparked after a Treasury official said it’s a case of “when, not if”. Power giants Eskom have suffered a double-blow this weekend after it emerged that they would need bailouts on top of bailouts to really get itself up..
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ANC Regime and Big Business Ignore Major Environmental Concerns Raised for Ocean Exploration and Drilling off the East Coast of SA
In a letter to the Environmental Impact Assessment (EIA) for Ocean Exploration and Drilling off the East Coast of South Africa, proposed by the Italian Petroleum Company ENI, SAFFR has raised some serious Environmental Concerns which seem to be ignored. The concerns which were sent to various interested parties including, SASOL, Italian Minister for the Environment, SA..
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White South Africans Striking at SASOL this week, no violence or mayhem and destruction of property
White South Africans Striking at SASOL this week. Using fire and burning stuff! Acts of violence observed were …. sticking a fork into some of the boerewors ( Sausage) cooked on the Braai (BBQ) were also observed. Water tanker and sweet chilli sauce on standby! No violence or mayhem and destruction of property. All rather..
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White employees excluded from racist Sasol’s new BEE share scheme
Sasol has remained firm in its racist stance that it will not include its white employees in the newly-improved share scheme, Khanyisa. Solidarity confirmed, on Tuesday, that it will hold meetings with its members at Sasol to iron out the details pertaining to an impending strike that is fuelled by an alleged bid to exclude..
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Solidarity set for Sasol strike after white employees excluded in empowerment scheme
A Sasol strike looks to be on the cards as trade union Solidarity demands action over white people not being included. Sasol has recently launched a new empowerment program that will not include all employees.
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Racial tension over new Sasol empowerment scheme
The industrial giant, Sasol, and Solidarity will meet with the Commission on Conciliation, Mediation and Arbitration (CCMA) on Thursday’s on the exclusion of white people in the new empowerment scheme, Khanyisa. Solidarity chief executive Dirk Hermann said if the parties could not reach a settlement, it would be the first time the CCMA issued a..
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