Posts tagged with 'Government Employees Pension Fund'

 

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

Posted on Leave a comment

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
Continue reading…

Enjoyed this post? Share it!

 
 

#CelebrityDespots Why Do Black Eskom Workers Love Brain Molefe, Who Helped Guptas Plunder Transnet & Put Eskom R450 BILLION in Debt & Was Paid R2 Million a Month Pension?

Posted on Leave a comment

AFRICANS LOVE THEIR DESPOTS: Black Eskom Workers who are members of the Government Pension Scheme and the powerful COSATU trade union, are allowing (unwittingly or not) Cosatu to allow the ANC regime to grab R254 Billion from their own pension fund, the GEPF, and they even supported Brian Molefe, ex Eskom CEO, who helped the Guptas put Eskom into R450 Billion debt, with song and dance!

Reminiscent of the poor downtrodden Zimbabweans, who despite being oppressed and fleeced by Mugabe, still hailed him as the “Lion of Africa”, the jubilant crowd consisting of hundreds of black Eskom workers, welcomed Brian Molefe back to Megawatt Park after he was appointed Eskom CEO for the second time back in May 2017.

His re-appointment followed after his quickly arranged 3 month stint as Parliamentarian. Molefe was already well known as the chief Gupta enabler in his positions as Transnet and Eskom CEO at the time of his thunderous welcome back to Megawat
Continue reading…

Enjoyed this post? Share it!

 
 

#StateCapture 2.0: Ex SA Ambassador To Italy, Tembi Tambo, Oliver Tambo’s Daughter, Linked to Government Pension Fund Plunder! PIC Pays 28 Times More Than Market Price For Bare Undeveloped Land!

Posted on Leave a comment

Down The Corruption Rabbit Hole: In yet another shocker for members of the Government Employee’s Pension Fund, it has been revealed that The Public Investment Commissioner (PIC) has “invested” in land, on their behalf, for R570,525 per hectare in Coligny, where the average price per hectare is less than R20,000! The Ex SA Ambassador to Italy, Tembi Tambo (pictured), daughter of Oliver Tambo, is a representative of @Isago, the controversial company benefiting from this and other highly questionable transactions. 

Criminal “Fund Managers” are robbing Peter to payback Paul, who they also robbed but were caught out. In a shock for members of the Government Employee’s Pension Fund (GEPF), which has been looted by the very body that should be protecting it, The Public Investment Commissioner (PIC), which has just dished out a massive R586,525 Million for 60% share in 2 bare pieces of undeveloped land, near Coligny in North West Province.
Continue reading…

Enjoyed this post? Share it!

 
 

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!

Posted on Leave a comment

#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
Continue reading…

Enjoyed this post? Share it!