How big a lie would you tell for $156 Billion USD? One only has to look at the vast numbers involved to realise that South Africans have been played big time, to the tune of $156 BILLION USD! South Africans were literally guilt tripped into giving away their country to globalist banksters, for false virtue. South Africans were also tricked into selling out their great grandchildren’s futures. During Apartheid South Africa was Debt Free, however after mandela was released, SA jumped straight into 4th place of indebted nations in Africa in 1992! Now in 2021, South Africa has the most external debt in Africa, after the ANC has spent DOUBLE the external debt of the 2nd placed country in Africa!
IMF & World Banksters used ANC & “anti-racism” to Trick South Africa into Permanent Debt Slavery!
ANC Cadres Score R70 Billion No Strings Attached IMF Loan That YOU Have to Pay Back!
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Communists Love Spending Other People’s Money: Even though corrupt ANC has steered clear of IMF loans thus far, because they require financial transparency and discipline, the COVID-19 pandemic and Black Privilege has allowed the ANC government to get a loan, without an IMF structural adjustment programme, despite the IMF being deeply suspicious of ANC and COSATU. Seizing the opportunity the Corona Virus has afforded them, the ANC grabbed 100% of South Africa’s IMF quota.
The IMF loan amount of $4.3 billion (R70.6 billion) is allegedly to help mitigate the adverse socio-economic impact of the Covid-19 pandemic, however it is unlikely that that is where the lion’s share of the relief package will go, as the IMF is “respecting” the ANC’s decisions on how best to provide relief for the economy, and ANC gets to decide who is worst affected by the current crisis. So ANC cadres score big once again.
The ANC govern
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ANC’s pension money proposal upsets economists – Government wants to use private and public pension funds to settle struggling SOE’s debts
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ANC Chairman on economic transformation, Enoch Godongwana, said during an interview with the Sunday Times that money from the country’s private and public pension funds should be used to pay off the debts of struggling state-owned enterprises such as Eskom and SAA. In response to the statement, economist Mike Schüssler said it was just another way to take and use South Africans’ assets to save the country’s situation.
According to Godongwana it is a better alternative than approaching the International Monetary Fund (IMF) and the World Bank for help. He argues that borrowing money from the World Bank is insignificant because there is enough money in the economy that can be borrowed, probably cheaper and possibly with a smaller exchange rate risk. He goes further by saying that the country’s asset management industry, which includes pension funds, insurers and other investors, is estimated to have about R6 000bn under management.