Posts tagged with 'anc'

 

THIS Video Will Make ALL South Africans “The Moer In!” – SA has been plundered for an entire century, and still is…

Posted on Leave a comment

For an ENTIRE Century, South Africa has been the World’s Largest Gold Producer, by far and bar none! SA has also been in the Top Diamond producers. How much is it and where has it all gone?

BOER GOLD: After the Boers discovered massive Gold and Diamond deposits in their two internationally recognised independent Boer Republics in the late 1800’s, the British made two attempts to annex these Boer Republics. The Brits lost the first Anglo Boer War to only a handful of Boers, great embarrassment, but finally imported 200,000 troops and resorted to a Scorched Earth strategy to brutally conquer the Boer nation in 1902, killing 34,000 women & children in their newly invented concentration camps, forcing the Boer men to surrender.

The “bounty” was more than half the world’s Gold reserves and an estimated quarter of the world’s Diamond reserves…

…but that was only the beginning of the century long story…

[embed]https://youtu.be/KhwdAYOWATg[/embed
Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

With love from the incompetent ANC-regime – 28,000 jobs lost in Q3, unemployment in the SA stands at around 29.1%.

Posted on Leave a comment

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.

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

Consumer inflation rate is now at its lowest level in nine years

Posted on Leave a comment

The alleged drop in the consumer inflation rate, which is now at its lowest level in nine years, is called into question by many economic experts.

Although the decline has been welcomed by some agencies, consumers say the decline is certainly not credible as food, fuel and clothing prices are constantly rising.

However, the South African Reserve Bank came under pressure with the announcement to adjust interest rates downward.

Allegedly, consumer price inflation fell during November to the level of 3.6% in the Reserve Bank framework, which set the rate between 3 and 6% as acceptable.

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

#Rollingblackouts – To prevent further damages Eskom announce Phase 2 load shedding for Friday

Posted on Leave a comment

South Africans will have to prepare for more power outages this weekend after Eskom announces that Phase 2 load shedding will take effect from 09:00 to 23:00 Friday. According to their latest statement, the bankrupt state entity says their system is still vulnerable.

Although the power grid units are recovering as scheduled, they also lost additional operating units on Thursday.

“Load shedding is essential throughout the night and all day Friday to prevent further short circuits and capacity to pump water reserves for us.”

The goal is to reduce unplanned short circuits to 9,500 MW to enable them to minimize and stop load shedding next week.

“Regardless of the phase, we want to remind our customers that load shedding is no cause for panic as the system is successfully controlled.”

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

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

Posted on Leave a comment

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.

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

SA mining houses are closing one after the other due to Eskom load shedding

Posted on Leave a comment

South Africa’s mining houses close one after the other because it has become too risky to let their workers work underground during load shedding.

It costs billions of rand to stop underground mining activities and still have to pay workers even though there is no production for the whole week.

Economists point out that Eskom is crushing the country’s economy to such an extent that it will take years to recover, but the impression is left that the power supply has no sympathy, and the government is powerless.

The load shedding has opened the door wide for a follow-up recession, thereby causing the second recession within two years.

With Phase 6 likely to last until the end of the week, business people are also holding their breath as Eskom shrugs.

Eskom now claims that necessary and unplanned “repairs need urgent attention” otherwise the entire network will collapse, a spokeswoman said.

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

Cyril rushes back to Eskom and cuts visit to Egypt short amidst electricity crisis which holds serious economic consequences for SA

Posted on Leave a comment

Opposition parties expressed their dismay when the ANC president, Cyril Ramaphosa, went to Egypt amidst #rollingblackouts occurred all over South-Africa this past week. He had to cut his less important visit to short and returned to South Africa to talk to the heads of Eskom about the crisis load shedding has on the finances of SA.

Observers point out that Eskom suddenly announced on Wednesday that it is switching back to Phase 2 load shedding, but experts say the major damage has already been done.

Several opposition politicians have made urgent requests for Ramaphosa to return, but observers say this is not just an electricity crisis, but has serious economic consequences for the faltering economy of South Africa.

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

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

Posted on Leave a comment

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
Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

SA’s economic decline has happened by design – The ANC’s obsession with disproved socialist/communist practices is at the root of the problems

Posted on Leave a comment

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
Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

SANDF splashes R20.5m on luxury German cars, but says funding shortfall is impacting on maintaining military base in Centurion

Posted on Leave a comment

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
Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!