Posts tagged with 'funds'

 

Whites Excluded by Law in South Africa! Even Emergency Covid19 Relief Funds Withheld from Whites by the ANC Black Majority Government!

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“THE STRUGGLE” for Black Supremacy: The ANC regime have officially become what they allegedly fought against, by legislating race based regulations! Despite legal challenges, the Department of Tourism has announced that its “if you are white, you are out” assistance package, of R1, 2 Billion is to proceed and whites will officially be excluded!

Accusing the ANC of Black Supremacism, Dirk Hermann of Solidarity Trade Union has said that race – only giving opportunities to black people – is clearly a super right in South Africa, which is not even subjected to any lockdown.

This was Mr. Hermann’s reaction after Solidarity and Afriforum had a fruitless meeting with the Department of Tourism where they tried to persuade them to drop the exclusion of white owned small businesses from the Department of Tourism’s new assistance fund for the tourism sector of R 1,2 billion.

Solidarity and A
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Breaking News: Framework Document Agreed for SONA Which Will “Voluntarily Mobilize Savings” To Allow ANC & Rothschild’s To Plunder Pension Funds!

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The liberal business body BUSA led by Rothschild’s, Trade Union Cosatu and the ANC regime have reached an agreement and have drawn up a framework document which will “voluntarily mobilize savings” like pension funds, to allow ANC, and Rothschild’s no doubt, to raid Public & Private Pensions to bail out Eskom from its R450 Billion self inflicted debt.

Business Day reported today that a framework document was drawn up on Thursday, by a joint committee consisting of the elitist wealthy fat cat groups, but apparently it still has to be officially approved by all the different parties. The hastily drawn up pension grab plan will be included in Ramaphosa’s State of the Nation speech (SONA) next week, which will once again probably reach the low mark African Parliaments are so well known for.

At this stage it looks like both private pension funds and the Government Employee’s Pension Fund (GEPF) will all be affected. T
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Money Robbed from VBS Mutual Bank: detailed account of how EFF leader Julius Malema’s lifestyle, business prospects and political aspirations were funded

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ONE. The lifestyle, business prospects and political aspirations of EFF president Julius Malema were funded from the R16.1-million robbed from VBS Mutual Bank and paid out to Sgameka Projects, the company of the brother of EFF deputy president Floyd Shivambu, Brian.

Malema’s share of the loot was R5.3-million and it was dumped into his slush fund, Mahuna Investments. Malema spent the VBS money on clothing from Gucci and Louis Vuitton, groceries from Checkers and Woolworths, the Polokwane party venue Mekete Lodge, the house he once rented in Sandown, Johannesburg, as well as on accommodation and travel costs between EFF events. The name of his eldest son appears in the bank statements relating to school fees, and a trust named after his second son also received a small amount of VBS money. And yes, a big chunk of VBS money was used for the benefit of the EFF. Over 40% of the transactions Scorpio analysed further show the bank card followed Malema around the
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Leech entity Eskom, is holding the ANC hostage and demands funds or else the whole of SA will suffer without power

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If there is no funding, there will be no change, and the ANC regime will be guilty party because he made the appointments in the power utility’s senior posts.

This is the opinion of a political analyst after Finance Minister Tito Mboweni announced that Eskom needed R59bn to remain operational.

The minister announced in Parliament what needs to be done to support the struggling Eskom, saying the amount of R59bn is needed.

This means that the ANC government has to transfer R26 billion this year, and R33 billion in the financial year to the “leech” entity.

The big argument is still being used to make Eskom too strong in its evil, by saying if it is not done, there will be no power in the country’s analysts.

Experts say Eskom can say they need R30bn in three years, and if not, there are no lights.

-Vryburger / 2019-07-24

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Humour has it that  ANC regime can reduce SA’s  debt burden by increasing VAT to 20% – nobody is keeping pace with the fact that corruption are the cause of state debt

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The government should increase the VAT rate by at least 5% to reduce the debt burden in the provincial roads’ maintenance account which is now six times higher than the province’s expenditure.

Reports indicate that the South African roads, which are in a dire state, are now desperately seeking funds since there is was already a backlog of R197bn in 2013 to more than R400bn.

The figures are the logical conclusion that is made by experts and with very bad humour that this  problem can be solved by increasing VAT to 19% or 20%, but the problem may escalate if the funds end up in corrupt hands.

-Read the original article in Afrikaans on Vryburger

This report does not necessarily reflects the opinion of SA-news.

 

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Funds allocated to Prasa will now be used to bailout failed Sanral e-toll systems

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The “state” is presenting new legislation which will mean that funds allocated to Prasa will be transferred to bailout the failed Sanral e-toll system.

R2 billion is allegedly involved in the transfer after R 3 billion of Prasa money was already transferred to Sanral in 2018.

Transport economists believe this is a step in the wrong direction as the rail transport network urgently needs money to improve the outdated infrastructure so that rail transport can once again take its rightful place in the South African transport system and alleviate the pressure on roads.

-Read the original article in Afrikaans on Vryburger
This report does not necessarily reflects the opinion of SA-news

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Employees of thirty municipalities may not receive salaries due to a shortage of funds – caused by lack of skill of councils and mismanagement of funds

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It appears that thirty municipalities do not have enough funds to pay their workers at the end of June.

This causes medical aid, pension contributions and other policies to fall in arrears and workers are at risk of discontinuing benefits from providers.

The latest report shows that municipalities struggle with debt over billions of rand’s and that only a small percentage of the councils received a clean audit report caused by incompetent councils and mismanagement of funds.

-Read the original article in Afrikaans on die Vryburger
This report does not necessarily reflect the opinion of SA news.

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ANC Election Donors – Companies like Sanlam, Angelo American, MTN fund the ruling party

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SA’s political parties have been receiving donations in the form of money, goods and services for years from the likes of banks, corporations, individuals, foreign entities, governments and political parties, and state-owned enterprises.

Although donations to political parties are not always in hard cash, the largest donations are usually paid into bank accounts.

Sometimes goods are handled by political parties that come in handy, while some services that are delivered free of charge are also part of  donations are considered.

Each year, with elections, the question arises as to who makes donations to political parties, and the most important party is usually the governing party whose details attract attention.

With May 8 in the limelight for those who want to vote, it can be informative about who gave money to the ANC in the past, and probably again this year.

Of course, Bosasa’s name stands at the top of the list of dono
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Cleaning project at Nelson Mandela Bay worth more than R5.8 million struggles to kick off, one can only imagine where taxpayers money disappear to if it is not being used for the original purpose, certainly into some very fortune politicians ‘wallet ?

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The Nelson Mandela Bay’s informal settlement were earmarked to undergo a “cleaning” project on November 1, 2018.

The so-called “clean & green” project would have created 200 temporary jobs. Initially, head of public health, Yolisa Pali disrupted the project as she was not familiar with the task. So the plan was postponed to December 1 and yet again it couldn’t start due to a shortage of workers and the attention was shifted to clean up beaches.

Questions are asked about the hundreds of unemployed people in the area and of course why the neighborhoods are so dirty and where are the funds currently?

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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