Posts tagged with 'ANC Regime'

 

SA Reserve Bank’s worst-case scenario fast becoming a reality – economy to lose 1.1 percentage points in growth, leading to the loss of 125 000 job opportunities

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The SA Reserve Bank’s worst-case scenario, which would see the country’s economy lose 1.1 percentage points in growth and lead to the loss of 125 000 job opportunities, is fast becoming a reality.

The central bank’s latest forecasts predict that the economy will sacrifice 0.4 percentage points in GDP growth if Eskom’s availability factor declines to 65% for a few months.

If the power station fleet staggers to 60% availability, the expectation is that 1.1 percentage points will be lost.

Up until last week, Eskom had only been able to deliver 63% of its installed capacity.

The past week saw a historic low for Eskom, with the ailing state-owned enterprise being forced to implement stage 6 load shedding (rolling blackouts).
The current wave of rolling blackouts is the fourth time that extensive blackouts have occurred in South Africa since 2007.

It is not yet known what the availability figure over this period was, but it is expected to be significa
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Cabinet wants De Ruyter to take over from Eskom sooner – They have never sought a white man so quickly. It should be pretty rotten at Eskom

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De Ruyter, currently CEO of the packaging company Nampak, would be appointed Eskom CEO on January 15, 2020. The final cabinet meeting of 2019 instructed Public Enterprise Minister Pravin Gordhan to negotiate with André de Ruyter to take over the reins at Eskom earlier.

Presidency Minister Jackson Mthembu addressed reporters on Tuesday about the December 13 cabinet meeting. He said De Ruyter would lead efforts to stabilize the management and technical operations at the power supply.

“The Cabinet fully supports all efforts that ensure power supply in our country. The Cabinet therefore instructed Minister Pravin Gordhan to De Ruyter to negotiate to start his duties faster, ”Mthembu added.

“Mr. de Ruyter and his management team will immediately address the issues of management and lack of financial management and stabilize operations at Eskom. This includes a major backlog of maintenance of the aging fleet of power stations and structural problems at Medupi a
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More than 14,000 convicts will be free as birds after Ramaphosa approved amnesty and pardon

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President Cyril Ramaphosa has approved the release of 14,647 offenders on pardons and remissions to mark Reconciliation Day.

On Monday, Ramaphosa granted a special remission of sentence to specific categories of sentenced offenders, probationers and parolees.

“Remissions of sentences are always carefully considered, taking into account the interests of the public and the administration of justice. We recognise that incarceration has followed a judicial process and that sentences have been duly imposed after conviction,” the president said.

Justice Minister Ronald Lamola said the process would start immediately and may take up to nine months.

The pardons will not include offenders sentenced for sexual offences, murder and attempted murder, armed robbery, mentally-ill sedition, high treason, sabotage and terrorism.

As of November 2019, there were 163,015 offenders across the country’s 243 correctional centres for both sentenced and remand detainees. The
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NO SABOTAGE AT ESKOM – POWER GRID IN SA FACES TOTAL COLLAPSE

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Now the truth comes out, and it is not what Ramaphosa told you . Ramaphosa told the country this past Wednesday that sabotage was the reason for phase 6 loadshedding and it happened when an unspecified instrument was disconnected from one of the boilers at the Tutuka power station and that this led to the loss of as much as 2000MW of power.

But in an investigation by Rapport this statement was found not to be true.

The truth is a lack of planning and maintenance of power stations, especially the boilers. Rapport has spoken to both an energy expert, Mike Rossouw, and Solidarity who has many members in that sector and the true state of Eskom was revealed by them. The loss of 2 units at Tutuka power station, where Ramaphosa said sabotage is to blame, has more logical reasons and it boils down to a lack of maintenance.

Deon Reyneke, Solidarity trade union’s deputy head responsible for Eskom, has given the true reasons for the loss of 2 units at Tutuka. The first
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Ramaphosa: “Surprised and shocked” – Repeats the excuses of the last twelve years on Eskom – ANC is the most brilliant thieving organization in the world but the most useless when it comes to governing

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Ramaphosa is surprised and shocked. But in 2 years of his presidency not one single person has been charged in connection with the hundreds of billions of Rands looted from places like Eskom under Zupta rule and before that under the ANC. The ANC is the most brilliant thieving organization in the world but the most useless when it comes to governing.

President Cyril Ramaphosa briefs members of the media on the outcomes of his meeting with the Board and Management of the national power utility Eskom held at, 11 December 2019, at the Eskom Megawatt Park in Johannesburg. The President met with the Board and Management to be briefed on plans to mitigate and resolve the current electricity crisis affecting most of the country.

In the end, Cyril Ramaphosa and his government failed to commit to a date on which to deliver desperately needed new generation infrastructure to alleviate power rationing, despite the glaring need in Eskom’s infrastructure capacity. What this
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With love from the incompetent ANC-regime – 28,000 jobs lost in Q3, unemployment in the SA stands at around 29.1%.

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Stats SA says South Africa lost 28,000 jobs in the third quarter compared to the quarter before.

It has released its third quarter employment figures but shows that 78,000 jobs were actually created compared to the same quarter last year.

Unemployment in the country stands at around 29.1%.

Stats SA said that losses were seen in construction and manufacturing – which lost about 12,000 jobs each – while community services lost 11,000; business services 9,000; and transport 1,000.

On the other hand, figures showed that 849,000 jobs were created in the past four years.

Stats SA also looked at the health of businesses in the country.

The number of liquidations increased by 56.4% year-on-year for November.

Compulsory liquidations increased by 41 cases while voluntary liquidations increased by 38 cases.

And on a different note, average monthly earnings increased by 2.6% quarter-on-quarter and increased by 3.7% year-on-year.

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Load shedding due to poor workmanship at failed Medupi power plant, though Ramphosa points finger at sabotage

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The Phase 4 load shedding forced on South Africa this past week is attributed to poor workmanship with the erection of the Medupi power plant, which was initially highly praised by the ANC government.

The power plant has caused so many problems in the past week that the Eskom management had to take the load to Phase 4.

Although no one is prepared to explain what the bugs are at Medupi, observers have pointed out that there as some serious flaws that need to be corrected that forced Eskom to switch to Phase 6, and then back to Phase 4.

Experts believe the Medupi Power Plant will not be able to deliver up to its full capacity for several days, which means that South Africa will continue to see billions of rand being wasted for days.

All indications are that the current slump in the country’s economy may force Moody’s rating agency to recognize that junk status is now a reality.

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Dumb Twit!! SA will overcome load shedding like apartheid, says Ramaphosa

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President Cyril Ramaphosa says the energy crisis currently faced by the country will soon come to an end.

South Africans have expressed frustration, as Eskom battles to keep the lights on with stage 4 load shedding currently in place and was expected to last until 11pm.

Ramaphosa, speaking in Sharpeville on Thursday in his Human Rights Day speech, said he put measures in place to ensure that the country comes out of the dark.

“We will overcome this electricity crisis that is engulfing our country at this moment. We will overcome it just as we overcame the apartheid challenge,” he said.

HOW POWER CUTS COULD AFFECT SA’S GDP GROWTH
Severe planned power cuts at Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.

The country has suffered from some of the worst power cuts in several years and a major challenge for Ramaphosa two months before an election at which he will try to reverse a decline
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SA’s economic decline has happened by design – The ANC’s obsession with disproved socialist/communist practices is at the root of the problems

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All the plans devised to reignite the economy of the country will be stillborn so long as the ANC continues to pursue its socialist/communist programme. Even as Tito Mboweni proclaims his plans for the recovery, the ANC persists with its plans for expropriation of property without compensation, compulsory equity transfers, control of the “commanding heights” and the dogged pursuit of the communist-inspired national democratic revolution.

The ANC is surely the only governing party in a constitutional democracy, under the rule of law, that remains wedded to the rhetoric of revolution. The melancholic truth is that, over a period of 25 years of ANC rule, the country has been systematically legislated for failure. A country with the natural resources, natural skills, enterprise and sound infrastructure of SA does not fall into poverty through misadventure. It happens by design.

At the beginning of the democratic era 25 years ago, SA was one of the most admired co
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SANDF splashes R20.5m on luxury German cars, but says funding shortfall is impacting on maintaining military base in Centurion

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While the SA National Defence Force (SANDF) was unable to maintain the Thaba Tshwane military base in Centurion due to “predominantly a lack of funds”, it has managed to find the cash to spend R20.5m on “luxury vehicles”, valued at over R600 000 each, for senior management in the previous two financial years.

This is according to Parliamentary replies by Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula, who responded to questions from FF Plus leader Pieter Groenewald and DA MP Cilliers Brink.

Groenewald asked how many luxury vehicles exceeding R600 000 were purchased by the SANDF for senior management in the 2014/2015, 2015/2016, 2016/2017, 2017/2018 and 2018/2019 financial years.

“No luxury vehicles exceeding R600 000 were purchased by the SA National Defence Force in the 2014/15 to 2016/17 financial years. Twenty luxury vehicles were procured in the 2017/18 financial year, and two vehicles were procured in the 2018/19 financial year,” Mapisa-Nq
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