Posts tagged with 'debt'

 

Mandela’s ANC Cuts Off Water from the Whole Southern Free State, Withholding a Basic Human Right! Another New Low!

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This is the ANC, and it is ONLY the ANC. In typical communist fashion, where responsibility and accountability has been diffused, diluted and eternally scapegoated onto “poverty”, the ANC is both the creditor and the debtor! This action, which contravenes UN basic human rights, was taken as a punitive measure because an ANC controlled  structure, the Kopanong municipality, which governs 9 towns in total, is in arrears with another ANC controlled structure, Bloemwater, despite a still existing lockdown for a pandemic, where the ANC itself said we need water more than ever to fight the pandemic! Kopanong municipality was also in the news two weeks ago for food parcels being stockpiled by councilors for own use and not being distributed! Yet still the people will vote ANC?

Whichever way people want to spin this, it was the ANC which cut off the water to half a province and these criminals belong in one place only, and that is HELL, or failing that the  International
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ANC Cadres Score R70 Billion No Strings Attached IMF Loan That YOU Have to Pay Back!

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Communists Love Spending Other People’s Money: Even though corrupt ANC has steered clear of IMF loans thus far, because they require financial transparency and discipline, the COVID-19 pandemic and Black Privilege has allowed the ANC government to get a loan, without an IMF structural adjustment programme, despite the IMF being deeply suspicious of ANC and COSATU. Seizing the opportunity the Corona Virus has afforded them, the ANC grabbed 100% of South Africa’s IMF quota.

The IMF loan amount of $4.3 billion (R70.6 billion) is allegedly to help mitigate the adverse socio-economic impact of the Covid-19 pandemic, however it is unlikely that that is where the lion’s share of the relief package will go, as the IMF is “respecting” the ANC’s decisions on how best to provide relief for the economy, and ANC gets to decide who is worst affected by the current crisis. So ANC cadres score big once again.

The ANC government had made it clear that they do not want an
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#BoycottNews24 Liberal News24 Editor Adriaan Basson Capitulates To ANC / COSATU Plan To Raid Your Pensions To Pay Eskom’s Corruption & Mismanagement & Soweto’s Unpaid Bill!

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One of the reasons left wing liberals are called snowflakes is because it does not take much to make them melt and give up any reason or principle, and like a snowflake hitting the warm ground, the controversial far left wing Editor of News24, Adriaan Basson’s feelings towards “thousands of pensioners whose livelihood depends on the GEPF“, quickly melted and turned into a callous “We have run out of money and options – pensions will bail out Eskom.”  Seems for some reason Adriaan Basson now supports the plan to plunder your pensions!

Far left liberal Adriaan Basson, changed his position on pension capture in little over 2 weeks: On 10 February, just before the budget speech, Basson wrote the following in a News24 column and we quote: ” I do take issue with their opportunistic flirting with a plan that can only be to the detriment of the thousands of pensioners whose livelihood depends on the GEPF. I have tried and tried to see the value for th
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BUSTED! Massive R568 Million PIC Plundered From Government Workers Pension For Bare Land, Was To Save Bankrupt Pension Fund For Politicians!

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ROBBING PETER (GEPF) TO SAVE PAUL (POLITICIANS) WHO WAS ROBBED TOO. Solidarity trade union has uncovered the reason why PIC approved an obviously fraudulent transaction. They called it right, watch this space. The massive R586 million overpaid by the State monopoly managing the pension fund for government workers (GEPF), the Public Investment Commissioner (PIC), has incriminated themselves and broken all ethics and codes of conduct, such a body should adhere to, when they tried to bailout the bankrupt municipal councillor’s pension fund, the majority of whose members are ANC councilors, it now seems.

The Pension Fund for municipal councillors (MCPF), whose members are politicians only, was so mismanaged and bankrupt that it was placed under curatorship a while back. The curators discovered that a property developer of Klerksdorp called Isago@N12Development owed the MCPF over R130 million. Isago agreed in a court case to pay the MCPF that money back . Only problem w
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Rothschild & Globalist Big Business Elites in SA Agree With COSATU, To Let ANC Plunder Private & Government Pension Funds, To Bail Out ANC’s Eskom Cash Cow!

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#FollowTheMoney: How much money have Banksters earned out of the plunder and ransacking of State Owned Enterprises, like Eskom, at the hands of the gangster ANC? Well, you were taught, or rather brainwashed, to think that crony capitalism and champagne socialism were at two opposite ends of the political spectrum? Four things however you can be sure both have in common, is greed, spending other people’s money, lust for power and hording all the assets and wealth into the hands of the few elites. This was proven this week when Corporate elitists in South Africa, under leadership of the Rothschild company in SA, agreed with COSATU (a powerful Trade Union which forms the triumvirate of power in SA, with the ANC & The South African Communist Party), that the ANC government can plunder pensions of ordinary people, including the Government Employee’s Pension Fund (GEPF), to bail out Eskom’s debt! Welcome to the dialectic…

In an astonishing development, Business Unity South Af
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Universities and the new SA – Barbaric actions of “previously disadvantaged groups” destroy tertiary institutions across the country free education

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The 2020 academic year has not yet begun and students are already busy. The SA Student Union has called on students to boycott all registration processes until their requirements have been met. Students’ student debt should now be written off while it has already been admitted that some students do not have to pay registration fees. Violent protests have already taken place at three tertiary institutions viz. Natal University, Potchefstroom University or North-West University and the University of SA. Northwestern University closed their campus at Mahikeng and ordered students to leave campus.

What is happening now is a continuation of violence and destruction of the properties of tertiary institutions in recent years. Students’ tireless actions have caused billions of dollars worth of damage to universities and technikons. The process is, of course, the result of the destruction of schools throughout the country.

How long tertiary institutions can afford the beh
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Eskom with a debt burden of R450 billion may be the downfall of ANC regime

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Political analysts say the actions of high-ranking officials in Eskom could lead to the demise of the ANC government.

The pressure is mounting on the ruling ANC regime from the inner circles as well as opposing structures as well as from extreme groups to act against those responsible for the mess in which the power supplier is currently facing its debt burden of R450 billion.

The claims are varied, but many expect the ANC to take action against Public Enterprise Minister Pravin Gordhan, who is closely concerned with Eskom’s problems.

The Red Brigade is demanding Gordhan’s sacking, while Deputy President David Mabuza himself helped to throw Gordhan under the bus.

There is also a feud against Ramaphosa, from people who believe he should have forced Eskom to stay with his company in order not to employ any loadshedding before January 13.

With all the turmoil, this could eventually lead to the disintegration of the ANC, which could have far-reaching consequ
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Water Shortages Arrived in Mpumalanga Towns To Stay – Sundra, Eloff and Rietkol Have Sporadic Water For A Year Now

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Water shortages have become a very real reality for the residents of the neighbouring towns of Sundra, Rietkol and Eloff in Mpumalanga. The towns have been experiencing regular periods in which the water just stops flowing, for a year now . Local resident, Derek Bester, says water supply is unequal and sporadic with lower lying parts left without water for hours per day, and higher parts left without water for weeks at a time.

Residents are surviving using various means like sharing water from drill holes, getting water from farmers in the area and collecting water from their roofs. Those who don’t have any means of getting water on their own have to go to collective water tanks irregularly filled by the local ANC controlled municipality. The neighbourhood watch is delivering water to people without transport like old people in the towns. Afriforum is distributing 5 L cans containing drinking water at no cost.

Amanda Brandow of Sundra says that she can’t even wa
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Cash-strapped Road Accident Fund struggles to pay billions in outstanding debt – This is just another SOE that is collapsing under ANC-regime’s rule

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As thousands of road accident victims are anxiously waiting to be compensated by the cash-strapped Road Accident Fund (RAF) following court orders in their favour, the Gauteng High Court, Pretoria, is expected to soon deal with the fund’s inability to pay up.

Hundreds of claimants recently turned to the court where they had obtained an urgent order to attach eight of the RAF’s Absa bank accounts. The bank was ordered to use the proceeds from the accounts to pay the 346 injured victims.

The RAF in turn headed to court last month, in which it wanted this order lifted, as it said it simply couldn’t afford to pay these claimants, as its outstanding debt was more than R17billion. The fund said it couldn’t operate without its bank accounts as it is was struggling to stay afloat.

This application was not entertained by the urgent court, which meant that the bank accounts remained attached. But it came to light that the RAF then instructed the bank not to honour t
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VIVA ANC! Bethal has been without water for 26 consecutive days after ANC takeover

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FF Plus is about to put a complaint in at the Human Rights Commission (HRC) after large parts of ANC-controlled Bethal, Mpumalanga’s taps have already been dry for 26 consecutive days.

The problems of the Govan Mbeki local municipality apparently arose just a month after the ANC took over the municipality after the local by-election held on October 9. FF Plus councillor, Deon De Vries said that the FF Plus only needed votes after the DA ward councillor resigned. The FF Plus’ support grew from 4.31% to 35.4% but was still just too low to secure a victory. De Vries says the cause of this water shortage is unknown.

But, according to some sources, the bulk water supplier, Rand Water, has not installed enough pumps to supply enough water to the town, while there is also the possibility that Rand Water has imposed water restrictions due to overdue water debt of R272 million from the Govan Mbeki municipality.

Meanwhile, all residents of Bethal and the Govan Mbeki Mun
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