Posts tagged with 'Mike Schussler'

 

SA op Pad na Winter van Fase 4 en 5 Kragonderbrekings Weens Onversorgde Infrastruktuur wat Land se Ineenstorting Versnel!

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Suid-Afrika is op pad na ‘n winter van ontevredenheid, nie net as gevolg van die swak bestuurde Covid-reaksie nie, maar dit staar nou ook fase 4 en 5 beurtkrag in die gesig, omdat infrastruktuur verbrokkel het vanweë gebrek aan onderhoud. Die energiekenner Chris Yelland, direkteur van EE Business Intelligence, het gesê beurtkrag sal hierdie winter net vererger.

Die situasie is veral haglik in Johannesburg waar inwoners bykomende kragonderbrekings opdoen as gevolg van die stad se verbrokkelende infrastruktuur, bo en behalwe die onderbrekings wat Eskom opgelê het.

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Sommige gesi
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SA Facing Winter of Phase 4 & 5 Rolling Blackouts as Unmaintained Infrastructure Accelerates the Country’s Collapse!

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South Africa is headed for a winter of discontent, not only due to the badly managed Covid response, but it has surpassed yet another point of no return with phase 4 and 5 load shedding coming, due to infrastructure crumbling from lack of maintenance. Energy expert Chris Yelland, director of EE Business Intelligence, has said load shedding will only worsen this winter.

The situation is especially dire in Johannesburg where residents are suffering additional power outages, as a direct result of the City’s crumbling infrastructure, besides those imposed by Eskom.

Some families in Johannesburg have to survive for a week or more without any electricity because City Power’s electricians can’t cope with all the outages caused by decaying and crumbling infrastructure and illegal connections caused by years of ANC mismanagement.

Many residents of Johannesburg were also without water this week because the lack of electricity also means water pumps can’t fill up water r
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Zuma’s Nkandla is Nothing Compared To Ramaphosa’s Pension Grab! Transnet Pension Debacle 2.0 Will Impoverish Twice More Blacks Than Whites & Will Encourage More Eskom Corruption!

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#PensionCapture – As certain as we were told by mainstream media that there were WMD’s in Iraq, Ramaphosa’s proposed pension plunder will also be propagandised into appearing as a good idea by the establishment, who will frogmarch South Africa into allowing them to steal from the many, to give to themselves and their cronies. There are also two silent partners pushing this scheme, namely the banksters, who stand to make serious commissions, and also rescue their bad loans to a bankrupt Eskom, and possibly extend this plunder to other bankrupt parastatals (who they also lent money for), once they have pried open the door to SA’s last pot of gold, and then of course there is the ANC’s ever present shoulder parrot, the South African Communist Party, who is never far.

One of the Establishment’s complicit yesmen, News24’s Editor, Adriaan Basson, wrote an article which appeared in Naspers’ left wing News24, in which he writes about a briefing that Ramaphosa gave to journa
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Durban mayor’s logic is questioned – wants to close Durban port to become independent of Western imperialism

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The Durban mayor announced over the weekend that the Durban port should be closed to prevent minerals from leaving the country.

This must apparently be done to become independent of Western imperialism. No word has been spoken of China and the Brick countries exporting minerals.

Mike Schüssler questions the logic, as mining houses without exports would not be able to pay workers and workers could not take money home.

Without mineral exports, the economy as a whole would go under and the existing weak economy would have been already in a deep depression.

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SA taxpayers are among the highly taxed in the world – and it could get worse

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Economists say we will most likely see an increase in personal tax and the fuel levy, as government tries to ramp up tax collection.

They say government is running out of options to raise money after SARS missed its collection targets over the past few years.

Analysts say it’s now a certainty that SARS will miss its collection target yet again.

Last year the revenue service missed its target by R57-billion.

South Africa’s per capita economic growth remains negative, with the economy expected to grow by less than a percent this year, while the population has grown by 1.6 percent.

Corporate tax has plummeted over the last few years.

And the recent increase in VAT is failing to close gap.

“We have to collect extra taxes and that’s the problem, so those extra taxes are more than likely to come from personal income tax which is also a high burden already,” says Eonomist, Mike Schussler.

Schussler says taxpayers are already paying more tax.

This, a
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The ANC is coming for your pensions to fund bankrupt SEO’s

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Well-known economist Mike Schussler has warned that the ANC wants to use your pension money to fund bankrupt state-owned enterprises like Eskom and SAA.

Speaking on The Big Liberty Show, Schussler said the planned prescribed assets policy will give politicians control of pension funds and where this money is invested.

The policy of prescribed assets was introduced in the ANC’s 2019 election manifesto where it states it will:

“Investigate the introduction of prescribed assets on financial institutions’ funds to mobilise funds within a regulatory framework for socially productive investments…”

In simple terms, it means that financial institutions will be forced to invest a certain percentage of their assets in certain sectors or companies prescribed by the government.

Warning from fund managers
Sygnia CEO Magda Wierzycka said prescribed assets are a blunt instrument and that the ANC has only engaged minimally with the
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