Posts tagged with 'Insurance'

 

ANC Socialists Successfully Make Another 1.5 Million People Unemployed, Making Them Dependent on ANC Welfare Grants! Communism 101

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The CCPvirus remains the gift that keeps giving for large corporations and anti small business communists the world over, especially in South Africa where another 1.5 Million people have become unemployed. From “big box” big name retailers who are making record profits selling online, and having their small business competition permanently put out of business in lockdowns, to despotic socialist regimes like the ANC, who want more people dependent on them for welfare handouts, so they can control every aspect of their lives (and coerce them to vote ANC). However demand for welfare and emergency funds are high, with stiff competition from corrupt ANC cadres and thieves making away with large portions of the emergency loan funds already!

While collectivist ideologues, the desperately poor and the black masses people might be happy with breadcrumb handouts, they once again fail to ask, who is paying for all the handouts and free stuff? You keep plucking at the golden go
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#TheAfricanWay Sub-Station in Springs Burns Down Because Ekhurhuleni (East Rand) Municipality Failed To Do Repairs After Break-in Last Year, Despite Being Warned It Could Catch Fire, Leaving Thousands Without Power!

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#BetterUnderApartheid An important electrical sub-station in Springs, which was damaged during a break-in by vandals last year, was left in the dilapidated state, creating a fire risk, has finally burnt down on Sunday, leaving thousands of residents and manufacturing businesses in the industrial area New Era, without electricity. It could take up to 2 weeks to repair the damage.

The businesses in the industrial area like Kellogg’s, will obviously lose millions of Rands in lost manufacturing. The substation was never properly fixed after the last break-in and an electrician warned the Ekurhuleni Metro Municipality in a damage report, which was compiled after the last break-in, that the substation is a ticking time bomb, and was for instance, not properly earthed.

The reason for the Metro’s lack of action to fix the damage seems to be that the insurer never wanted to pay out an insurance claim for the damage caused by the vandals. Dare we ask? The insurance claim c
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Liquidations on the rise in South Africa – number of liquidations increased by 13.7% during the first seven months of 2019 with 183 business liquidation recorded in July

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South Africa recorded 183 business liquidations in July 2019, representing a 24.5% rise from 147 liquidations recorded a year ago, according to StatsSA.

The stats body said that 1,198 liquidations were recorded so far this year (January to July), higher than the 1,054 recorded in the same period last year.

The report found that the financing, insurance, real estate, business services sectors saw the most closures, followed by the trade, catering and accommodation sector.

Those in the financing, insurance, real estate and business services were most likely to file for insolvency in South Africa while those working in electricity, gas and water were the least likely to go insolvent.

The total number of liquidations increased by 13.7% during the first seven months of 2019 compared with the first seven months of 2018, StatsSA said.

The estimated number of insolvencies increased by 4.2% in the second quarter of 2019 compared with the se
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