Posts tagged with 'chairman'

 

BUSTED! Massive R568 Million PIC Plundered From Government Workers Pension For Bare Land, Was To Save Bankrupt Pension Fund For Politicians!

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ROBBING PETER (GEPF) TO SAVE PAUL (POLITICIANS) WHO WAS ROBBED TOO. Solidarity trade union has uncovered the reason why PIC approved an obviously fraudulent transaction. They called it right, watch this space. The massive R586 million overpaid by the State monopoly managing the pension fund for government workers (GEPF), the Public Investment Commissioner (PIC), has incriminated themselves and broken all ethics and codes of conduct, such a body should adhere to, when they tried to bailout the bankrupt municipal councillor’s pension fund, the majority of whose members are ANC councilors, it now seems.

The Pension Fund for municipal councillors (MCPF), whose members are politicians only, was so mismanaged and bankrupt that it was placed under curatorship a while back. The curators discovered that a property developer of Klerksdorp called Isago@N12Development owed the MCPF over R130 million. Isago agreed in a court case to pay the MCPF that money back . O
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Rothschild & Globalist Big Business Elites in SA Agree With COSATU, To Let ANC Plunder Private & Government Pension Funds, To Bail Out ANC’s Eskom Cash Cow!

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#FollowTheMoney: How much money have Banksters earned out of the plunder and ransacking of State Owned Enterprises, like Eskom, at the hands of the gangster ANC? Well, you were taught, or rather brainwashed, to think that crony capitalism and champagne socialism were at two opposite ends of the political spectrum? Four things however you can be sure both have in common, is greed, spending other people’s money, lust for power and hording all the assets and wealth into the hands of the few elites. This was proven this week when Corporate elitists in South Africa, under leadership of the Rothschild company in SA, agreed with COSATU (a powerful Trade Union which forms the triumvirate of power in SA, with the ANC & The South African Communist Party), that the ANC government can plunder pensions of ordinary people, including the Government Employee’s Pension Fund (GEPF), to bail out Eskom’s debt! Welcome to the dialectic…

In an astonishing develop
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R200,000 Spent on Luxury Rental Car by Mokopane (Potgietersrus) Mayor Andrina Matsimela, Even Though Bankrupt Town is Under Administration!

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In another example of #TheAfricanWay, it has been revealed that the bankrupt municipality of Mokopane, which is the old Potgietersrus in Limpopo, has spent more than R200,000 on the rental of a Mercedes Benz C-class for the mayor of the town. Andrina Matsimela has being transported around in this luxury vehicle since July last year.

The municipality has been placed under administration since December last year. A municipality is placed under administration if it can not function on its own anymore. Documents in the possession of Korny Dekker, a DA councilor, proves the payments for the car hire as reported by Netwerk24.

According to information from the Auditor General, the municipality has incurred irregular expenses of R1,17 billion for the last 3 years. There were several violent demonstrations in Mokopane last year which saw residents from the black township march on the municipality and emptying bins in the streets. Shops had to close their door
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