Posts tagged with 'pension'

 

Zuma’s Nkandla is Nothing Compared To Ramaphosa’s Pension Grab! Transnet Pension Debacle 2.0 Will Impoverish Twice More Blacks Than Whites & Will Encourage More Eskom Corruption!

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#PensionCapture – As certain as we were told by mainstream media that there were WMD’s in Iraq, Ramaphosa’s proposed pension plunder will also be propagandised into appearing as a good idea by the establishment, who will frogmarch South Africa into allowing them to steal from the many, to give to themselves and their cronies. There are also two silent partners pushing this scheme, namely the banksters, who stand to make serious commissions, and also rescue their bad loans to a bankrupt Eskom, and possibly extend this plunder to other bankrupt parastatals (who they also lent money for), once they have pried open the door to SA’s last pot of gold, and then of course there is the ANC’s ever present shoulder parrot, the South African Communist Party, who is never far.

One of the Establishment’s complicit yesmen, News24’s Editor, Adriaan Basson, wrote an article which appeared in Naspers’ left wing News24, in which h
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#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?

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

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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
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The ANC regime now wants to loot your pension money to save their struggling state entities

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TAU SA expressed concern about the statements made on public forums by the ANC government where advocacy is being made to use SA’s pension capital for investment in so-called fixed assets. The size of the exit funds can make a huge impact on the national economy; according to the 2017 annual report of the pension fund registrar, the total assets of pension funds currently amount to R4.2 billion, where public sector pension funds (GEPF) make up 40% of the total amount.

According to TAU SA, the only two remaining assets on which the regime can further tarnish are land and pensions. Everyone is aware of the ANC’s plan to expropriate land without compensation. The writing is now also on the wall for South Africa’s pension money. Kobus Oberholster, Head of TAU SA’s Financial Wellness Desk says they can’t sit still and allow our people’s hard-earned pension, built up over decades, to be dumped into bottomless pits of Eskom, SAA, PRAS
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IT IS ALL ABOUT THE MONEY!: I’m A Single Parent, That Pension Will Help My Family – Dlamini On Parly Exit

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Former Minister Bathabile Dlamini said she did so because she thought she would be more useful if she was outside the legislature mobilising women.

Dlamini has told Eyewitness News she resigned from Parliament because she needed the ministerial pension benefits to take care of her family.

Dlamini spoke to EWN in a wide-ranging interview on Wednesday, a day after she resigned claiming she was made a scapegoat for the South African Social Security Agency.

She was the seventh of eight former ministers to resign from Parliament and she said she did so because she thought she would be more useful if she was outside the legislature, mobilising women.

When asked if she considered the benefits of resigning as a minister, she said: “I’m a single parent, I have responsibilities. That pension is going to help me, if I had a partner, I’d have someone to help [me].”

She further explained that the ministerial pensions were structured unf
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