Posts tagged with 'Cosatu'

 

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 h
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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 GEP
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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 . O
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Breaking News: Framework Document Agreed for SONA Which Will “Voluntarily Mobilize Savings” To Allow ANC & Rothschild’s To Plunder Pension Funds!

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The liberal business body BUSA led by Rothschild’s, Trade Union Cosatu and the ANC regime have reached an agreement and have drawn up a framework document which will “voluntarily mobilize savings” like pension funds, to allow ANC, and Rothschild’s no doubt, to raid Public & Private Pensions to bail out Eskom from its R450 Billion self inflicted debt.

Business Day reported today that a framework document was drawn up on Thursday, by a joint committee consisting of the elitist wealthy fat cat groups, but apparently it still has to be officially approved by all the different parties. The hastily drawn up pension grab plan will be included in Ramaphosa’s State of the Nation speech (SONA) next week, which will once again probably reach the low mark African Parliaments are so well known for.

At this stage it looks like both private pension funds and the Government Employee’s Pension Fund (GEPF) will all be affected. T
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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 develop
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Ramaphosa lets the cat out of the bag: The bad news: ‘Our money’s up’

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Ramaphosa acknowledged in parliament on Thursday that South Africa’s financial resources were depleted while the country’s development needs were enormous. He did not say straightforwardly whether he supported “prescribed assets”, he said later, the pension fund industry and other stakeholders needed to talk about using pension fund assets to support the country financially. The country’s money is running out and South Africans’ pension fund assets are becoming an increasingly likely target for the government to pull the wagon through, it became clear on Thursday.

According to Ramaphosa, pension fund assets in other countries are used to invest in the development of the country and pension funds achieve good returns from infrastructure projects in particular. He says the trade union Cosatu supports its view that workers in SA’s pension money are used this way. According to Ramaphosa, this is considered positive by the
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The ANC targets Reserve Bank mandate, they want a more flexible monetary policy

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A review of the SA Reserve Bank mandate features in the ANC’s election manifesto, which brushes off the push for nationalisation, but instead drives for a more flexible monetary policy.

At the party’s election manifesto launch in Durban on Saturday, the ANC finally elevated the debate to possible government policy, some years after the status of the Reserve Bank became a contentious subject within the party.

The commitment has placed an obligation on the ANC to implement the decision should it win the May general election.

The Reserve Bank is a public institution but it has an independent mandate.

Echoing the delegates at the party’s 2017 Nasrec national conference in Johannesburg, the ANC’s manifesto states the Reserve Bank should pursue a flexible monetary policy regime, aligned with the objectives of the party’s programmes.

This was to be done “without sacrificing the price stability, but redirecting monetary policy
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Investors do not want to invest in SA since our national power provider is so unreliable – Communists now demand the end of load shedding after it has already cost the country billion Rand in recent weeks

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ANC, SAKP, Cosatu and Sanco are now demanding the end of load shedding in South Africa.

It is ironic that the people in charge of the country, that is, the ruling ANC party, its alliance partner, the SA Communist Party and unionists now demand that the shedding of power must be discontinued.

The ANC’s Zizi Kodwa issued a statement on behalf of the parties in which statecapture and corruption is blamed as well as Eskom’s incompetence to thrive. During the meeting of partners, the failure of local government was criticised as well as the inability to provide basic services.

In terms of power, the country has already spent billions of Rand in recent weeks, and Ramaphosa’s efforts to attract investors are being harmed by the power supply that is extremely unreliable.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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