Posts tagged with 'New South Africa'

 

“Untouchable” BOSASA CEO dies in car crash – case of culpable homicide has been opened

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CEO of controversial company Bosasa, now African Global Operations, Gavin Watson (73) died on Monday in a car crash. The crash happened close to OR Tambo International Airport.

While the police have not released the identity of the man as they are waiting to notify his next of kin, Eyewitness News has learnt that it is Watson.

“The man was driving into the airport precinct, when he allegedly lost control of his vehicle and collided with a concrete pillar holding up a highway bridge. The victim was certified dead on the scene by paramedics and a case of culpable homicide has been opened for investigation,” the police said through a statement on Monday.

Watson and some top managers at his company – including former COO Angelo Agrizzi – were also implicated as having given government officials money and other lavish gifts in exchange for favours.

His company is alleged to have pumped millions of rand into ANC campaign
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Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns

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More than 600 senior officials from Eskom and some executives were informed of the entity’s “turnaround” plan. According to documentation, Eskom is sitting without cash and has almost completely collapsed on several occasions.

R130bn has been loaned to the power provider and the state is expected to help as government announces increased tariffs. Eskom unbundling continues but will take four years to finalize. So the future is still bleak around the entity with its overloaded workforce and top structure officials.

In the last two years, Eskom reported a loss of R2.3 billion while R19.6 billion was wasted on unauthorized expenses.

In the meantime, Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns.

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TAU SA: Draconian idea of ​​expropriation without compensation by ANC regime cannot continue – South Africa and its inhabitants too precious to implement dangerous policies that threaten fundamental economic and other structures and systems in the country

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TAU SA, once again, as part of the ad hoc group focusing on the government’s expropriation without compensation, has just met again to reflect on the matter.

The convener of the Ad hoc group, Mr. Jaco Schoeman said at the last meeting that the future of South Africa and its inhabitants was too precious to allow the draconian idea of ​​expropriation to continue without compensation.

In the face of worsening poverty and rising unemployment, the government persists in its pursuit of harmful and dangerous policies that provide no solutions to the socio-economic issues facing South Africa. On the contrary, policies such as expropriation without compensation further undermine fundamental economic and other structures and systems in the country and pose an enormous threat to economic and accompanying social progress.

Once again, concerns have been expressed that the government is pursuing the policy of land expropriation without compensation
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New health plan poses huge risk to SA’s economy and would be disastrous if implemented – even far left FW de Klerk Foundation have their doubts

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The ANC regime has South Africa’s people in a huge dilemma with its National Health Plan.

Foreign media reports that a government spokesman said the plan would be implemented gradually, but that would depend on the economic growth achieved.

Experts point out that the country will not show any significant growth in the next five years, with the massive unemployment still rising.

The plan is believed to be “rolled out” in phases as economic growth improves, but experts point out that nothing has been said about what will happen if the economy recedes further.

Opinionists believe this will mean that the tax assessment could increase dramatically, and ultimately the entire Plan fails.

Even the far left FW de Klerk Foundation believes implementing the Health Plan will be a disaster again for South Africa.

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Food production and delivery compromised – Farmers increasingly cautious in current economic climate as well as uncertain about future due to ANC land grab program

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The current financial climate is one of the important factors that make farmers more cautious when purchasing expensive tractors and farm implements.

In addition, the government’s land grab program, which is at the very top of the long list of uncertainties, is the biggest reason for farmers not to incur big spending.

The rand, which has become more unstable in recent months, makes farmers even more cautious as it contributes to drastic price increases on imported tractors and harvesters.

All this, together with the possibility that crop yields are not going to be as desired, are all factors that make farmers reluctant to make new purchases.

Concerns have been expressed that the uncertain conditions could have a serious and detrimental effect on food production and delivery and could even lead to larger imports of food that would not be of the same high quality as locally grown.

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Taxpayers will now have to bailout the Ramaphosa regime after Moody lost patience with SA’s poor economic situation and proposes a tax increase

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The poor economic conditions, unemployment, little foreign interest, the land grab program, Eskom and other entities’ financial inability are all reasons why the country is in such a mess.

Moody’s has pointed out to the ANC-regime that it will have to raise taxes to fix the mess at Eskom, which is the first step to a series of tax hikes.

With the SABC, Denel, SAL, Eskom, and several other entities failing to be a profitable industry as it was years ago, the regime is pushing to raise taxes.

The poor decision to launch a National Health Plan while the country is in junk status is considered to be one of the stupidest decisions the Ramaphosa regime has yet made, which will also lead to astronomical increases in taxes.

Moving out of professional corps such as doctors, nursing staff, lawyers and others is the strongest indication that the country is heading for an enormous crisis that cannot be reversed.

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Ramaphosa lets the cat out of the bag: The bad news: ‘Our money’s up’

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Ramaphosa acknowledged in parliament on Thursday that South Africa’s financial resources were depleted while the country’s development needs were enormous. He did not say straightforwardly whether he supported “prescribed assets”, he said later, the pension fund industry and other stakeholders needed to talk about using pension fund assets to support the country financially. The country’s money is running out and South Africans’ pension fund assets are becoming an increasingly likely target for the government to pull the wagon through, it became clear on Thursday.

According to Ramaphosa, pension fund assets in other countries are used to invest in the development of the country and pension funds achieve good returns from infrastructure projects in particular. He says the trade union Cosatu supports its view that workers in SA’s pension money are used this way. According to Ramaphosa, this is considered positive by the
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#ParasiticParastatal – SA Express just another bottomless pit swallowing taxpayers’ money

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It is disturbing to realise that recently another enormous lifeline was quietly given to SA Express while all the attention was on Eskom, the SAA and the SABC. According to the Free Market Foundation, SA Express received a lifeline of R1,24 billion from the government in November last year and was now given government guaranteed financing amounting to R300 million.

It seems that the Free Market Foundation forced SA Express by means of the Promotion of Access to Information Act to disclose its financial statements and managerial account data.

SA Express has become a large hole draining tax money from the fiscus dam and if it continues in this way, it will drain everything until there is nothing left. The ANC will have to realise at some point that the country does not have an inexhaustible source of money and that public enterprises cannot be saved from financial ruin indefinitely.

Like with e-toll, taxpayers will get to a point where they will n
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Nedbank warns ANC-regime that there is a 10% chance that SA is heading for a Ramaphobia scenario

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Nedbank used their semi-annual report to issue a strict warning to the government. According to the report, there is a 10% chance that South Africa is heading for a Ramaphobia scenario.

It involves the infighting in the ANC, the battle being lost against corruption, more downgrades, power cuts with increasing tensions and social unrest.

Nedbank experienced an increase in debt that could not be recovered, which is an example of the country’s struggling economy.

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Motor industry may be crippled by imminent strikes – unreasonable demands from unions could lead to withdrawal of manufacturers from SA and job losses

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Strikes could soon paralyze car manufacturers in South Africa if an agreement is not reached with the trade union Numsa soon.

The first round of talks failed, and a second attempt was envisaged, but the demands made by the union left a red light for the future of the industry.

The first round of talks in Port Elisabeth ended in stalemate after the Numsa negotiators demanded a 20% increase.

A next round of negotiations will be held in Pretoria, and the warning has already been heard that another failed round of negotiations will mean a strike that will affect all manufacturers.

The National Union of Metalworkers of SA (Numsa) represents the bulk of workers in the industry, and the Automobile Manufacturers Employers Organization (AMEO) is poised to start a second round next week.

Experts have warned that unreasonable demands by unions could lead to the withdrawal of manufacturers from South Africa, and could move to countries where s
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Culture of protest and destruction established by ANC regime spills over to tertiary institutions

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Dissatisfied students of the University of SA (Unisa) started a strike at the Sunnyside and Natal campuses but have now expanded to almost all campuses across the country.

According to the students, their concern will be that the University remains “closed” until their grievances have been addressed. Unisa is currently handling a third of the country’s after-school students because of their distance learning model.

Results of the first semester were only published last Friday and according to the students there are irregularities with the results. They now demand that students be provided with their exam papers to check if there were any problems with marking the papers.

The culture of protest and destruction has been established by the ANC, spills over  to tertiary institutions.

 

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#WhiteLivesDontMatter! 4 Farm Murders and 39 Farm Attacks, in South Africa during July 2019

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There were 39 farm attacks, 4 farm murders and 4 farm attacks were averted in South Africa during July 2019. During June 2019, there were 34 arm attacks and 6 farm murders and for the period 1 January to 31 May 2019 there were 184 farm attacks and 20 farm murders in the country.

On 4 June 2019, Ian cameron said “There is a double standard when coming to the handling of this sort of cases. We encourage everybody to get involved in a safety structure. Statistics show farm murders not socioeconomically motivated, AfriForum’s data indicates that the farm attackers do not always loot money, but people were badly hurt.

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