How big a lie would you tell for $156 Billion USD? One only has to look at the vast numbers involved to realise that South Africans have been played big time, to the tune of $156 BILLION USD! South Africans were literally guilt tripped into giving away their country to globalist banksters, for false virtue. South Africans were also tricked into selling out their great grandchildren’s futures. During Apartheid South Africa was Debt Free, however after mandela was released, SA jumped straight into 4th place of indebted nations in Africa in 1992! Now in 2021, South Africa has the most external debt in Africa, after the ANC has spent DOUBLE the external debt of the 2nd placed country in Africa!
IMF & World Banksters used ANC & “anti-racism” to Trick South Africa into Permanent Debt Slavery!
Junk status winks for Mangaung Metro with liabilities exceeding assets; officials receive generous salaries and cellphone stipends, while levels of service delivery are non-existent
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The ANC-controlled Mangaung Metro faces junk status after Moody’s rating agency said further downgrading would be considered if the municipality do not urgently get its household in order.
The Bloemfontein municipality is in truth already bankrupt with liabilities exceeding assets of nearly R1bn and with over R6bn of outstanding debt. In fact, Moody’s indicated on their website that the metro was downgraded to Ba3 status on May 2, 2019.
In their response, the metro says a downgrade won’t affect service delivery and a financial recovery plan is in place. They argue that the weak economy, rising unemployment and increased water and electricity tariffs are the setback to their finances.
Meanwhile, it appears that the metro’s salary bill amounts to about R160 million a month, with a mobile phone stipend of R3’200 for about 70 councillors, each. In terms of debt, business enterprises owe the metro R1,6bn, residents
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