Finance

 

Pension funds as much as R560 million may be lost due to fraudulent activities

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BEE administrator loses millions of pension funds – Pension funds of Anglo Platinum, invested in the (BBF), administered by Bophelo Benefit Services, a subsidiary of Mvumonala Holdings, may be lost due to fraudulent activities. It is estimated that as much as R560 million can be involved. Apparently, the company ‘cooked’ its 2016 financial statements to..
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Red HOT news – Wake up! SA has been gutted

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What is left of the South Africa of our dreams? Ask the thief-in-chief What do we have left now? Once there were the Scorpions, a respected crime-fighting unit. The people had faith in them. The corrupt feared them. Jacob Zuma quaked when he thought of them. Then in 2007 he took the reins of the..
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Intelligence Report: Zuma – It is mine and you can’t have it

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President Jacob Zuma has refused to urgently furnish the DA with documents, including the so-called intelligence report, on which he allegedly based his decision to fire former Minister of Finance, Pravin Gordhan and his deputy, Mcebisi Jonas. The DA will next week turn to the High Court in Pretoria in a bid to compel Zuma..
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Nuclear deal ruled as unlawful and unconstitutional: Learn all about the dark secrets of this shady deal

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The Western Cape High Court ruled on Wednesday that the South African government’s nuclear agreements with Russia, Korea and the US were unlawful and unconstitutional. In a landmark ruling, the Court also scrapped the South African government’s decision to buy about eight nuclear power stations — 9600MW of nuclear power. This decision was first gazetted..
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Zuma’s plan to boost the economy is just BEE on steriods

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Long live poverty! Where would the rich be without the poor? More particularly, where would Zuma be? Failure to recognise these questions leads to a too easy dismissal of the ANC’s currently loudest and most persistent war-cry: radical economic transformation. Eusebius McKaiser is hardly alone in rubbishing the term as meaningless. Supposedly without meaning, he..
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SOUTH AFRICA SUPPLY LESOTHO OF FUEL: Look At Lesotho Petrol Prices

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21 Apr 2017, South Africa: I can’t seem to figure this one out! As far as I know, Lesotho is getting their Fuel from South Africa. How is it possible for the Lesotho Government to sell fuel directly to consumers for almost R4 per litre cheaper than what we are paying in South Africa?  ..
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SA’s struggling economy faces an uphill

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If South Africa staves off a technical recession in the coming months, it will be a result of events unrelated to the country’s domestic political and policy environment. But economists said the more important question is what happens when the lingering positive effects of a recovery end in certain sectors, such as agriculture and mining…
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Department of finance is being run by complete morons

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New finance minister Malusi Gigaba’s key advisor over the weekend published an opinion piece advocating for the nationalisation of mines, insurance companies and the banks, leaving Treasury with a PR disaster on Tuesday. Ok look, a bad PR day for some government departments wouldn’t normally cause too much of a ruckus, except if that department..
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R58.8-million to be given to the Zulu king

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The financial affairs of King Goodwill Zwelithini were once again in the spotlight on Tuesday when Premier Willies Mchunu tabled his office’s budget at the KwaZulu-Natal Legislature. The lack of direction of the Royal Household Trust and lack of accountability and state of the monarch’s farms caused some consternation among the ANC and opposition MPLs…
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The Colonial Propaganda Firm Paid By The ANC To Racially Divide South Africa

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“If anyone is left looking gullible and ridiculous by these revelations it is the ANC’s Western liberal supporters and apologists.” – James Myburgh Some conspiracy theories are actually conspiracy facts and truly mind blowing. For instance… Last Wednesday the controversial UK based Public Relations (read propaganda) firm Bell Pottinger, disassociated itself from the Gupta family. Bell..
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