Posts tagged with 'New South Africa'

 

World’s richest man, Bill Gates visit SA with the aim of providing assistance to the poor black people of the country, but no help from for the impoverished Afrikaners

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The owners of the Gates Foundation of America, Bill and Melinda Gates, paid a visit to South Africa with the aim of providing further assistance to the poor black people of the country. For years they have been struggling not only to fight diseases such as HIV and tuberculosis, but also to provide water and sanitation to certain areas.

According to the foundation’s website SA is a country with global influence that has both significant challenges, including high rates of HIV and TB, and critical assets, such as a world-renowned scientific and research community. Gates says they work closely with government, academics and the private sector as well as with civil society, and also offer opportunities in the field of technology to address SA’s greatest needs.

An earlier attempt by whites to get help from the Gates Foundation for the impoverished Afrikaners did not even elicit a reaction.

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Sex scandal rattles ANC – Gwede Mantashe allegedly pays R70 000 to hide his sex escapades

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Sex scandal shakes ANC after reports of Gwend Mantashe’s escapades came to light and he paid bribes to hide it.

The reports not only roam within the ANC’s parliamentary ranks, but even the media and social network buzzed over the alleged bribery to which Minister Mantashe is guilty.

Rumors and reports say that the ANC’s Minister of Mineral Resources and Energy, Gwend Mantashe paid reporters to remain silent about his sexual life.

The minister will apparently be asked in writing to disclose the names of the journalists involved in the scandal.

A spokeswoman for the SA National Editors’ Forum described the news and allegations as “shocking”, but political analysts believe it could mean the end of the minister’s political career.

Allegations are being made that the minister paid two “unknown” journalists R70,000 to make his “sex story with a young woman disappear”.

The South African National Editors Forum (Sanef) blamed Gwede Mantashe and pressured him t
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Controversial Aarto law will not be applied in Cape Town – Just sad Gauteng will continue to suffer under this law

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A spokesperson for the Mayors’ Committee, which also deals with security and security in Cape Town, says the municipality is not considering introducing Aarto.

He says there is no consideration for implementing the system, and that includes the licensing system that is currently being implemented in the northern parts of the country.

Discussion will apparently be held with the local authority on the application of the controversial Aarto law, which experts say cannot be applied without a vastly trained administrative staff.

The Minister of Transport, Fikile Mbalula, requested that the public attend the meetings and provide input to make possible amendments, but to date people have shown little interest in complying with the minister’s request.

The system could mean that it will collapse from the start due to the country’s poor economic standing and the high costs that Aarto will incur.

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SA President Ramaphosa caught sleeping at Russia-Africa summit

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A picture of President Cyril Ramaphosa sleeping at the Russia-Africa summit held in Sochi has earned him more rebuke than praise, with some saying it was “wasteful expenditure” to send him to the gathering.

In the picture screen grabbed from SABC News – which was beaming the proceedings live – Ramaphosa is seen enjoying a nap in a sea of awake and highly attentive delegates.

The picture was then circulated on social media with some critics saying he was not taking the summit seriously like the Financial Times Africa summit in London where he was seen smiling with some delegates and even posing for photos.

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Russia announces that they are writing off R20bn of Africa’s debt

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Russian President Vladimir Putin announced at the first Russia-Africa Summit jointly hosted by Russia and the African Union (AU) in Sochi, Russia, that the country has written off more than $20 billion of Africa’s debt. He also intends to double his trade with countries in Africa within the next four to five years.

Russia hopes to strengthen its ties with Africa at the summit after it weakened after the fall of the former Soviet Union at the end of the Cold War. Dozens of African leaders, including South Africa’s president, Cyril Ramaphosa, and pres. Abdel Fattah el-Sisi of Egypt, attends the summit.

Putin said there are many Russian companies that have a long and successful partnership with companies in Africa and are hoping to expand it. Although Russia has sold a large number of weapons to countries in Africa over the years, it is far behind its competitors in the commercial area on trade. The European Union, China, India, the US and the United Arab Emirates a
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What could happen to the rand if Moody’s downgrades South Africa to sub-investment grade

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South Africa is preparing itself for the possibility that Moody’s may downgrade the country’s sovereign credit rating to sub-investment grade.

Moody’s is currently the only major ratings agency that has South Africa at investment grade – one notch above junk – with a stable outlook.

The country has been rated below investment grade since 2017 by ratings agencies Standard & Poor and Fitch.

Should the agency also downgrade South Africa to junk status, the country would no longer be eligible for inclusion in debt gauges such as Citigroup Inc’s World Government Bond Index (WGBI).

A downgrade may also have an effect on the rand, says chief trader at Standard Bank Warrick Butler, who was speaking in an interview with Reuters.

“A downgrade by Moody’s, which is considered highly unlikely by most commentators, will push the rand back into the R15-area and maybe even R16 depending on market positioning,” he said.

“While another stay and
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Face of new DA leadership set to be all white with Steenhuisen taking position of Parliamentary leader

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The Sunday Times is reporting that the Democratic Alliance (DA) is set to have a new all white leadership following several resignations including those of two prominent black members.

The publication said supporters of new federal chair Helen Zille are planning a clean sweep as it grapples with a leaderless organisation.

Last week was grim for the official opposition when it’s now ex leader Mmusi Maimane, former Nelson Mandela Bay mayor Athol Trollip, chief executive officer (CEO) Paul Boughey and Herman Mashaba resigned from the party.

This came days after Zille’s come back to the party’s powerful position of federal council chair.

The paper is reporting that insiders in the DA said the vacant positions look set to be filled members who are close to the new federal council chair.

The new list includes John Steenhuisen, who has been nominated for the position of Parliamentary leader, Natasha Mazzone is set to be the next chief whip and Geordin Hil
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One of SA’s richest black businessmen wants to create thousands of jobs – Without a doubt whites will not be involved in the initiative and BEE will be given preference

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One of South Africa’s richest blacks has set up a fund to provide “thousands of jobs over the next few years”.

It is apparently his second big initiative to be announced in a few weeks, and billionaire and businessman Patrice Motsepe has big plans.

As CEO of the mining group African Rainbow Minerals, he also recently announced that he has also set up a fund to empower blacks in agriculture.

The Motsepe Foundation apparently has links with 33 faith institutions and organizations that are all set to start creating jobs.

However, experts believe that too many expectations are created by institutions and faith groups that have no knowledge of economic realities.

He expects other large institutions to contribute R50m each and thus sit on its “advisory committee”.

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Cyber hackers try to steal Bitcoin to the value of R500 0000 on Johannesburg municipal computer system

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Continued service delivery will apparently be able to be gradually introduced to the Johannesburg municipality after cyber hackers attacked the computer system over the past week.

It is expected that everything will come to fruition by Monday when the offices are open to the public again and operations will resume.

The crackers filed a 4 Bitcoin claim against the municipality, around the value of R500,000, but it was not successful

The villains who operates under the name Shadow Kill Hackers were apparently unable to obtain the personal details of the residents.

Later, some of the largest banking institutions were also attacked by cyber criminals, without any success.

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The South African story – How to destroy a country

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South Africa is on a path of destruction and is on its way to becoming an “unhappy country” like Zimbabwe and Venezuela.

This is the view of Efficient Group founder and chief economist Dawie Roodt, who was speaking at an event hosted by the Free Market Foundation.

Roodt said that while unhappy countries – where their economies are destroyed – are not all the same, there is a similar pattern on how the economic destruction takes place.

Destroy the existing capital in the country.
Frighten the taxpayers by continuing to increase taxes.
Scare savers by targeting their money.
The country tries to inflate itself out of debt.

Roodt said the destruction of a country’s economy always ends the same, with high levels of inflation.
Destroy existing capital

Roodt said the first step to destroying a country’s economy is when politicians start to destroy existing capital.

He said Eskom is a good example, where a well-functioning and valuable company
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