Posts tagged with 'New South Africa'

 

More than for R376 million that has been spent so far on the Evaton Renewal Project cannot be accounted for – We know where it is! Probably stolen by ANC-cadres

Posted on Leave a comment

EVATON – The Democratic Alliance says the Gauteng Human Settlements and COGTA MEC, Lebogang Maile, has failed to account for R376 million that has been spent so far on the Evaton Renewal Project

(ERP) in the Emfuleni Local Municipality. In a reply to questions in the Gauteng Provincial Legislature from DA Emfuleni Constituency Head, MPL Kingsol Chabalala, MEC Maile revealed that R332 117 511.77 has been spent on this project so far.

However, Chabalala said these figures are contradictory to the figures contained in the report published by the Auditor General in 2016 and his predecessor’s written replies in the Gauteng Provincial Legislature. He said the DA has written to MEC Maile requesting him to investigate the failed ERP, but they have not yet received any feedback. Chabalala said Evaton residents have the right to know what happened to their money.

– 90.6 FM News / 2019-07-22

This report does not necessarily re
Continue reading…

Enjoyed this post? Share it!

 
 

With every passing day that ANC denies that farm attacks and murders are a reality, 22 Farm attacks, 3 farm murders took place in beginning of July

Posted on Leave a comment

Twenty two farm attacks and three farm murders have taken place in South Africa in the first half of July 2019. There were 34 farm attacks and 6 farm murders during June 2019 and 184 farm attacks and 20 farm murders between January and May 2019. The crisis is escalating!

With every passing day that the ANC’s wishes to deny that farm attacks and murders are a reality, farmers will continue to be murdered. The statistics were supplied by The Rome Research Institute Of South Africa.

South Africa Today – South Africa News
This report does not necessarily reflects the opinion of SA-news

Continue reading…

Enjoyed this post? Share it!

 
 

State Treasury plundering continues – your tax money will fund Eskom with a further R59bn

Posted on Leave a comment

Eskom will receive a further R59bn bailout over two years from the government to keep the bankrupt power provider standing.

This follows the R69 billion already approved for a three-year period. Eskom’s debt currently amounts to R440bn and is considered the biggest risk to the South African economy.

How much money is still to be deposited in the entity is not known, but economic experts agree that Eskom will never get rid of the debt itself.

-Vryburger / 2019-07-23
This report does not necessarily reflects the opinion of SA-news.

Continue reading…

Enjoyed this post? Share it!

 
 

Constitutional Court says Public Protector is incompetent for her post

Posted on Leave a comment

The Legal Practice Board was requested by Accountability Now (AN), a non-profit organization, to remove the name of the Public Protector (PP), Busisiwe Mkhwebane, from the advocates.

It follows the Constitutional Court’s ruling that she had acted and lied under oath. Adv Paul Hoffman, a director at AN, said in a letter to the Legal Practice Council that the findings against the PP are serious and final and that her honesty, integrity and competency as PP is affected.

Dr Pieter Groenewald, leader of the FF Plus says that the ruling and findings of the Constitutional Court this morning against the Public Protector (PP), Adv. Busisiwe Mkhwebane, who has, among other things, exceeded her mandate, is damning and in fact she says she is incompetent for office as South Africa’s EM.

The Constitutional Court found this morning that the Public Prosecutor’s Office had issued a “large amount of untruths” in the case an
Continue reading…

Enjoyed this post? Share it!

 
 

Billions of Rands are taken out of SA because of the ANC regime’s inability to manage country effectively

Posted on Leave a comment

South African property companies are currently taking billions of rands across the country by making investments overseas.

This is due to the poor economy, increased municipal rates and taxes, as well as political uncertainty in the sector as well as fears of expropriation without compensation.

Investments overseas in 2018 were almost four times more than locally spent. Central and Eastern Europe seems to be the most popular overseas markets.

Experts say if this is a measure of business confidence in the country, then the picture looks dark for years to come.

New research from US research and analytics group, Real Capital Analytics (RCA), shows how South African-based investors are putting more money in foreign markets than ever before – with outbound investment four times larger than money coming into the country in 2018.

According to the group, “the gulf between investment activity in South Africa and overseas
Continue reading…

Enjoyed this post? Share it!

 
 

ANC stalwarts reacted to Zuma’s haunting week at the State Capture Inquiry: “He’s a spineless thug”

Posted on Leave a comment

Former president Jacob Zuma may have dug his own grave with his antics at the State Capture Inquiry. His own brotherhood of ANC cadres has turned against him after he made startling allegations about some of them.

In what turned out to be one of the most dramatic weeks of deputy chief justice Raymond Zondo’s commission of inquiry into state capture, Jacob Zuma kept the ratings of news networks peaking with the shocking accusations he levelled against his comrades.

Jacob Zuma stirs disruption within ANC factions
Zuma went from alleging that he has outsmarted three intelligence agencies — two of whom are supposedly of foreign origin — tasked with assassinating him, and his character, for 29 years; to hinting that he may have knowledge on the ANC mole who sold SACP leader, Chris Hani, out to the apartheid government.

All of this he achieved in five days. However, his utterances about ANC veterans such as former SANDF General, Siphiwe Ny
Continue reading…

Enjoyed this post? Share it!

 
 

Modise finally appeared in court for first time after 160 animals on her farm had to be euthanized in 2018 due to lack of care

Posted on Leave a comment

Speaker of Parliament, Thandi Modise, finally appeared for the first time at the Potchefstroom Regional Court, in the North West, to answer to a case related to animal cruelty charges that were laid against her, by AfriForum, in 2018.

Why AfriForum took Thandi Modise to court
The lobby group was approached by the National Society for the Prevention of Cruelty to Animals (NSPCA) for assistance after it was discovered, in 2014, that Modise’s animal farm, in North West, had been left abandoned for weeks.

What the investigators from AfriForum’s Civil Rights Organisation found when they arrived at the farm was a gruesome scene, where dozens of animals were dead, some barely clinging to life.

The NSPCA later revealed that the animals were in such a dire state, they were forced to put down more than 160 of them.

However, a warrant of arrest notice was issued by the court after she failed to appear.

Understandably so, since the d
Continue reading…

Enjoyed this post? Share it!

 
 

Ramaphosa: BBBEE will not be scrapped – too many black people have benefited from this policy for it to be scrapped

Posted on Leave a comment

President Cyril Ramaphosa says Broad Based Black Economic Empowerment (BBBEE) will not be scrapped.

He was replying to a call by Democratic Alliance leader Mmusi Maimane to stop BBBEE during Thursday’s debate of the Presidency’s budget vote in the National Assembly.

Ramaphosa says while redress is slow, too many black people have benefited from this policy for it to be scrapped.

He says, “Honorable Maimane we are not going to scrap BBBEE, it has contributed to significant growth of black middle class, to improvement in equity and enabled black people and women to become owners of businesses.”

The fundamental objective of BBBEE is to advance economic transformation and enhance the economic participation of black people in the economy.

-SABC News / 2019-07-19
This report does not necessarily reflects the opinion of SA-news.

Continue reading…

Enjoyed this post? Share it!

 
 

Mboweni’s truths: We are bankrupt and people will lose their jobs – If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more

Posted on Leave a comment

There is a line in Finance Minister Tito Mboweni’s brutally honest 2019 Budget Speech that I can’t get out of my head.

“We are borrowing R1.2bn a day.”

Read that again. Let it sink in. If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more.

Some perspective: R1.2bn is the value of Bosasa’s biggest two tenders, combined, that we borrow per day. Or: with R1.2bn, you can build about 8 000 low-cost houses. And that is what we borrow per day.

We are borrowing just to keep the lights on, to service our debt and to keep the state ticking.

Any Grade 10 learner with a basic grasp of mathematics will tell you that we are doomed to fail if we keep on spending more than what we earn. It’s literally that simple.

Mboweni had the tough job of breaking this news to South Africans. He didn’t mince his words and his ANC colleagues sat stone-faced as he punted se
Continue reading…

Enjoyed this post? Share it!

 
 

According to research, many South Africans are ‘too broke to retire’

Posted on Leave a comment

A large number of South Africans earning at least R15,000 a month are delaying retirement because they simply can’t afford it, a survey found.

South Africans’ spending habits and aspirations were at odds with reality, a survey by money lender Wonga has shown.

Meanwhile, research also shows that many people are simply too broke to afford retirement.

According to the 2019 Old Mutual Savings and Investment Monitor’s latest findings, a large number of South Africans earning at least R15,000 a month were delaying retirement because they simply could not afford it.

The survey results showed that half of the country’s retirees were working for an employer, 36% had started a business post-retirement, while 13% continued to be self-employed or took up a position as a consultant.

“Including this demographic into our study, reveals the impact that many households suffer because they are financially under-prepared for their
Continue reading…

Enjoyed this post? Share it!

 
 

Free State municipal building torched by illegal protectors, regarding lack of service delivery

Posted on Leave a comment

A municipal building was set alight in the Boshof area in the Tokologo Local Municipality in the Free State, just a few days after residents of Seretse Township near Boshof embarked on an illegal protest against the municipality on Wednesday.

Police spokesperson, Thabo Covane, tells OFM News the disgruntled residents were warned by the Public Order Police that the strike was illegal, adding the police nonetheless still escorted these residents to their destination.

Covane says during this some of these residents blocked the main road, and 26 of them – including the leader of the protest – were arrested but were later let off on a warning. He says the police have since opened a case of public violence regarding the protest and the burning of the municipal workshop in Boshof.

Covane adds residents broke into at least eight local businesses, and that police were deployed to monitor the situation. Covane says according to information the
Continue reading…

Enjoyed this post? Share it!

 
 

The ANC is coming for your pensions to fund bankrupt SEO’s

Posted on Leave a comment

Well-known economist Mike Schussler has warned that the ANC wants to use your pension money to fund bankrupt state-owned enterprises like Eskom and SAA.

Speaking on The Big Liberty Show, Schussler said the planned prescribed assets policy will give politicians control of pension funds and where this money is invested.

The policy of prescribed assets was introduced in the ANC’s 2019 election manifesto where it states it will:

“Investigate the introduction of prescribed assets on financial institutions’ funds to mobilise funds within a regulatory framework for socially productive investments…”

In simple terms, it means that financial institutions will be forced to invest a certain percentage of their assets in certain sectors or companies prescribed by the government.

Warning from fund managers
Sygnia CEO Magda Wierzycka said prescribed assets are a blunt instrument and that the ANC has only engaged minimally with the
Continue reading…

Enjoyed this post? Share it!