Posts tagged with 'Reserve Bank'

 

Hawks Confirm They are Investigating Two Cases of Alleged Theft from SARB Amounting to over R41 Quadrillion Linked to Tokyo Sexwale!

Posted on Leave a comment

A new twist in the Tokyo Sexwale “stolen quadrillion” saga has appeared – after the fund invited ANC government, to a Bank in Singapore. The chairman of the Worldwide Proxy and Trustee of the White Spiritual Boy (WSB) and Spiritual Wonder Boy (SWB) Heritage Funds, Mr Chark Leong Boey, has written a letter in his personal capacity, in an effort to clarify the confusion around the Heritage Fund. The Hawks on Monday confirmed that they were investigating two cases of alleged theft amounting to over R41 quadrillion.

Mr Boey, who is from Singapore, has stated in a letter that he extended an invitation to a South African delegation to travel to Singapore to verify the said fund.

Reports emerged last week of how Trillions of Rands from the fund had allegedly been looted from the South African Reserve Bank (SARB) and from The National Treasury. These damning allegations were dismissed by the two financial institutions as being a mere sca
Continue reading…

Enjoyed this post? Share it!

 
 

ANC Using #Covid19SA to Justify Plans to “Discipline Private Sector”, Nationalise Pensions & Plunder Central Bank Reserves in “Radical Transformation”!

Posted on Leave a comment

THE STATE CAPTURE TO END ALL CAPTURES: True to their word, the ANC’s Ramaphosa and Nkosazana Dlamini Zuma (NDZ) are using the extended CCP-virus lockdown, as a cover to propose changes to the Pension law in order to grab pensions for massive redistribution of wealth, and tender fraud on a scale never seen before! Né Cyril? We should have known. The ANC is coming for your pensions with it’s promised radical transformation, turning the country into a fully communist, totalitarian and fascist black supremacist hellhole. In short they are throwing more wood under the pot in which they are slowly boiling the white minority frogs. Lots and lots of wood. 

A new concept document by the ANC’s head of economic transformation, Enoch Godongwana, states that the ANC wants to use pension money and the reserves of the Reserve Bank, to build a so called “open economy” post CCP-virus pandemic. Open for looting yes! The concept document was subm
Continue reading…

Enjoyed this post? Share it!

 
 

Governor of SA Reserve Bank sues ANC councilor for R500,000 after banned “k-word”

Posted on Leave a comment

As if no other amount is good enough, another R500,000 claim is made, this time the Reserve Bank boss against a board member.

Lesetja Kganyago, Governor of the South African Reserve Bank, is now suing Port Elizabeth councilor Andile Lungisa.

The claim against Lungisa comes after he had made statements on the social network about the nationalization of the Reserve Bank and then simply thrown in the banned “K-word”.

The governor noted with dismay the toxic statement and decided to settle the case in court with a R500,000 claim against the councilor concerned.

Lesetja Kganyago was also portrayed as a “lackey of the racist people”, probably referring to the whites as the racists.

Lungisa later confirmed that he had received a subpoena, and that he would oppose the claim in court.

Continue reading…

Enjoyed this post? Share it!

 
 

ANC’s double talk – Ramaphose and Magashule’s statements on the independence of the Reserve Bank contradict each other and are damaging the confidence of investors – There is no doubt that the ANC-regime is leading SA to a downfall

Posted on Leave a comment

The ANC president, Cyril Ramaphosa and Magashule’s statements about the independence of the Reserve Bank, clearly contradict each other.

While Ramaphosa is trying to reassure voters as well as the outside world that the Reserve Bank will remain independent, his fellow companion is confusing investors.

He said in a statement that the Reserve Bank would be nationalized over the next five years.

Economists declare that the ANC’s election manifesto is a call for investors to secure their money. The manifesto does not outline a positive image for investors, banks and pension funds and insurers.

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

Continue reading…

Enjoyed this post? Share it!