Posts tagged with 'Patrice Motsepe'

 

ANC Using #Covid19SA to Justify Plans to “Discipline Private Sector”, Nationalise Pensions & Plunder Central Bank Reserves in “Radical Transformation”!

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THE STATE CAPTURE TO END ALL CAPTURES: True to their word, the ANC’s Ramaphosa and Nkosazana Dlamini Zuma (NDZ) are using the extended CCP-virus lockdown, as a cover to propose changes to the Pension law in order to grab pensions for massive redistribution of wealth, and tender fraud on a scale never seen before! Né Cyril? We should have known. The ANC is coming for your pensions with it’s promised radical transformation, turning the country into a fully communist, totalitarian and fascist black supremacist hellhole. In short they are throwing more wood under the pot in which they are slowly boiling the white minority frogs. Lots and lots of wood. 

A new concept document by the ANC’s head of economic transformation, Enoch Godongwana, states that the ANC wants to use pension money and the reserves of the Reserve Bank, to build a so called “open economy” post CCP-virus pandemic. Open for looting yes! The concept document was subm
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Rupert & Oppenheimer Give R1 Billion Each to Fight CoronaVirus – Why Aren’t Super Rich BEE Enabled Black Businessmen Giving Too?

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THE GRAVE COST TO THE ECONOMY – It seems the white industrialists are aware how Corona will affect their own bottom line, and have stepped up to the plate to protect their consumer driven interests (and get a tax break), but why have the many super rich black businessmen created by BEE & corruption not done the same? Or super rich trade unions like COSATU? Does the economy not affect them? No, their profit is not based on sales and consumers, it comes from BBEEE & Government grants, tenders and corruption, so as long as the ANC is in power, their taxpayer powered gravy train steams on, and the CoronaVirus will just be another money stealing opportunity, with the begging bowl to the West, who they hate so much. 

The Chinese Corona virus is undoubtedly a grave crisis facing us and if allowed to spread into the winter, it will lead to untold suffering and millions becoming sick and thousands dying. The Rupert and Oppenheimer families have shown th
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Sanlam helps establish black companies, serving lower income groups as target market indicating #Blackprivilege

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Patrice Motsepe’s African Rainbow Capital (ARC) has established a new insurance company known as African Rainbow Life.

The company differs from other insurers who serve the lower income groups, and have their sights on the broad spectrum of rainbow nation.

The new company is owned by ARC and Sanlam, which has already established a company to serve the lower income groups as target market.

With the Sanlam Sky. ARL of the former Afrikaner institution, a BEE agreement was made to stimulate matters.

The new insurance company was launched with a R2bn loan.

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

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Digital Banking Now Live in South Africa

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Surely hosted in the cloud, the first fully digital bank in South Africa does not have branches. African Rainbow Capital, which is part of Ubuntu-Botho Investments owned by billionaire Patrice Motsepe’s is the new owner of TymeBank.

Three new banks were planned for 2019 and TymeBank is the first of the trio. The other two include Discovery Bank that will launch its app in March and Bank Zero which is the formers FNB CEO’s brainchild. ARC is the first majority black-owned bank that focuses on business and retail banking.

TymeBank belonged to the Commonwealth Bank of Australia and it was acquired by ARC in November 2018. It officially opened its doors today after its soft-launch in November. The digital-only bank offers an everyday transactiona
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Daily Rolling Blackouts in South Africa Because Treasonous ANC Regime Sells Best Coal To China and Uses Proceeds Elsewhere?

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Despite, (or thanks to Billions in foreign investment in Eskom), 7.2 Million tons of SA’s best coal is destined for China from Richards Bay Harbor while South Africans suffer under rolling blackouts. 36 Chinese ships are waiting for coal to be loaded in Richards Bay Harbour. Each ship takes about 36 hours to be loaded with 200,000 tons of coal per ship average. The coal is Grade A anthracite.

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