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20,000 Unlicensed weapons destroyed by SAPS

Posted on 06/11/2019 Leave a comment

The SAPS claims to have destroyed about 20,000 firearms over the past six months, which were believed to be illegal.

The last time firearms were destroyed was on April 17 this year when 30,000 weapons were destroyed by smelting processes.

The destruction of weapons is seen as a positive point in countering its illegal possession, and the government believes this could lead to a dramatic reduction in gun violence.

Experts, however, say the weapons are being destroyed and thousands are again illegally smuggling the country into the area and robbing them of the robbers and murderers.

Many of the weapons were allegedly handed over to police by illegal owners after an amnesty period was announced.

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Eskom with debt burden of more than R450 billion cuts power supply to parts of Soweto due to default

Posted on 05/11/2019 Leave a comment

The national power supplier is struggling to keep up with its debt burden of more than R450bn and the ineffective functioning of many power plants.

In addition to its own problems, Eskom has continued to act reluctantly against municipalities that do not pay their monthly consumption to Eskom, and Eskom is too cumbersome to act against the defaulters.

Areas such as Orange Farm and parts of Soweto’s power have been cut off due to default, and although it has been asked for years for power supply to be cut off by defaulters, Eskom has remained cowardly and did not.

On the last day of October, Eskom decided to cut off the power of certain defaulters, but the correct method should be to warn all municipalities that are over 30 days in arrears that their power will be cut off within two weeks if payment is not made.

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ANC’s 30,000 election posters cost R100 million

Posted on 05/11/2019 Leave a comment

The ruling party recently had a big shock when they received a bill of R100 million for the printing of 30,000 ANC election posters.

This indicates that a single poster cost about R3,000, which made the printing press rich overnight, but it seems like the ANC is hesitant pay such a bill.

Ezulweni Investments in Natal reportedly did the printing of the posters used by the ANC during the election, but the ANC said the bill would not be paid because no command was given for the order.

Fikile Mbalula allegedly said he knew nothing about the order given to the printing press, and now the printing press wants to drag the ANC to the Supreme Court.

An estimated R2 billion was spent by the political parties during the last election, and observers noted that printing companies probably received the best share of the money.

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SA has a national debt of R3 trillion rand and tax deficit of R53 million

Posted on 05/11/2019 Leave a comment

Following the disappointing mid-term budget speech by Tito Mboweni, the Rand reached its lowest level in weeks. Eskom’s rescue plan has nowhere really figured in either Pravin Gordan’s submission or Mboweni’s budget reason.

The government’s financial situation is rapidly deteriorating with the national debt of R3 trillion and a tax deficit of R53 billion.

Moody’s is therefore expected to downgrade the country to negative from where it currently stands at stable.

However, there are fears that Moody’s will downgrade the country directly to junk status which will affect Government bonds as the Citigroup’s World Government Bond Index contains only investment-grade securities.

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SA, the country once known as the most prosperous one on the African continent, is downgraded by Moody’s to position near to junk status

Posted on 05/11/2019 Leave a comment

While Cyril Ramaphosa delights in the Rugby players’ victory in Japan, Moody’s downgraded the country’s financial position near to junk status.

In the next 12 to 18 months, the Ramaphosa regime will have to implement good plans otherwise there will be another major setback for the country that was once known as the most prosperous one on the continent.

Moody’s is the last of the three major rating agencies to still show patience and not like Standard & Poor, as well as Fitch had previously seen the SA economy as a loser, and downgraded the country to junk status.

It is now becoming increasingly difficult for SA to borrow money, and investors are now more than ever hesitant to invest in a poor economic environment.

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R6bn needed to renovate Gauteng hospitals – National Health Plan may be on ice

Posted on 05/11/2019 Leave a comment

It will cost the state more than R6 billion to complete 32 hospitals’ safety rating. The decline and deterioration of hospitals is particularly seen in electrical installations, fire protection equipment, elevator regulations and storage facilities.

The condition can be attributed to contractors who do not deliver quality work and poor maintenance programs. There is concern that none of the hospitals will be able to be part of the government’s National Health Insurance Program as they are not accredited by the Office of Health Standards.

Meanwhile, Minister Tito Mboweni indicated in the mini-budget that the Health Plan is off track due to the extremely poor state of the South African economy.

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Chinese is taking over SA, communists to build a natural gas plant in the Free State

Posted on 31/10/2019 Leave a comment

Chinese company Wester Shell Cryogenic Equipment Co. (WSCE) was contracted by natural gas producer Renergen to build a plant for the production of liquefied natural gas and liquid helium near Virginia in the Free State.

Since 2004, WSCE has been manufacturing small scale equipment for natural gas plants. The gas plant, which is expected to be operational in the first commercial natural gas plant in South Africa in the first half of 2021, will produce up to 2,700 gigajoules of liquefied natural gas and 350 kg of liquid helium per day. The plant is built in modules the size of standard containers for easy transport and installation.

Founder and CEO of WSCE, Dr. Jia Lin Xiang, has developed a helium cryogenic testing laboratory for the US space agency Nasa, and he was chief cryogenic engineer at the Brookhaven National Laboratory in New York for more than ten years, according to a Sens statement issued by Renergen on Monday .

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Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing

Posted on 31/10/2019 Leave a comment

Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did he disappointed South Africa but also the credit rating agencies with his “plan” to save the power supplier from ruin.

Experts point out that the ANC will not privatize Eskom, because it is then out of their hands, and the fear exists that hundreds of ANC members will be fired because it is an overall overpopulated workforce.

Gordhan recommended, among other things, that the various power plants be divided into groups and have to compete with each other over who can generate the cheapest power, but experts say it will bring no harm to the entity’s financial position.

The turnaround plan
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E-toll system not going anywhere – According Finance Minister, Gautengers must just except their fate and pay up

Posted on 31/10/2019 Leave a comment

Finance Minister Tito Mboweni said on Wednesday during his interim budget speech that the offending e-toll project will continue and consumers will be held responsible for the costs, with payments now being tightened and regulated. The people of the Central Transvaal will have to fall in love with the fact that Minister is not prepared to abandon the e-toll system.

The government will continue its strategy of keeping consumers accountable for the cost of maintaining Gauteng’s highways. The ANC’s policy of the user must apparently pay money only in the case of e-tolls applied on certain roads.

He further said that it is because of consumers who fail to support this project that the province’s roads are deteriorating further. “We can’t maintain the network.”

“I encourage South Africa to please settle their accounts. We need to establish a culture of payment because the government’s services can only continue if all consumers, who can pay, do pay, ”he added
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SA debt burden sky-high, municipalities bankrupt, SOE’s a huge burden on taxpayers’ shoulders, and ANC regime not capable to find solutions that are feasible and effective

Posted on 31/10/2019 Leave a comment

Finance Minister, Tito Mboweni issued a cold warning Wednesday in his Medium Term Budgetary Framework (MTBR), and said if action is not taken urgently, South Africa could end up in a debt trap, with rising interest payments on debt, higher interest rates and even higher unemployment. This admonition comes amid a sharp lower adjustment in the expected economic growth for this year – from 1.5% in February’s budget to just 0.5%.

Minister Mboweni painted a dark picture, but not as dark as it should be, economists say.

Rating agencies may welcome its offering, and markets may be somewhat upset about its view of certain aspects of growth and debt burden.

But it also ends there, because the same agencies and markets may react negatively because Mboweni provided a clear lack of broader details on how all the chaos would be reversed.

A shocking interim budget has hit South Africa because with a promise of a budget and growth that is 2% higher over the next three yea
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