Posts tagged with 'Tito Mboweni'

 

ANC Government wants to Establish a State Bank, in Line with their Socialist Principles. Hint: Central Banks are Private!

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In keeping with the Socialist principle that the State must own and control everything, as with the ANC’s National Health Insurance Scheme, the National Treasury said it was also moving forward with the establishment of a state-owned bank for South Africa, and that Cyril Ramaphosa, and the Minister of Finance, Tito Mboweni, were supporting it. It might surprise many to discover that the Central Bank is in fact privately owned, as it is worldwide.

Last week, Treasury Director-General Dondo Mogajane said the new state-run Bank was part of the ANC president’s radical reforms and rumor has it that the members of the Committee, who are involved in the matter, are blaming the Treasury for delaying and dragging their feet in carrying out the matter to establish the Bank.

Experts in the economic field have expressed concern about the planned establishment of a state-owned bank and some analysts say it will eventually become just another state owned entity that will not r
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VIDEO: SA Lockdown and Tobacco Wars are About Political Power, NOT Saving Lives! Ramaphosa’s NWO/WMC versus Zuma’s Communist Mobsters!

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A recording has been received by SA-News in which a supporter of Nkosazana Dlamini Zuma (NDZ) sheds some light on the ongoing prohibition of tobacco and the battle for power and infighting within the ANC NEC. The battle appears to be drawn along the classic lines of New World Order Capitalism versus Communism, Trade Unions and Mobsters. The people at the end of the day will still be stuck with the gangster enterprise known as ANC.

We The People have no say in who leads us, and as this recording indicates, there are moles in the cANCer who also reported a few weeks ago, that the NEC met via video link and got rid of Cyril unanimously. There are reports that he will act as VP until the Phase 3 lockdown takes place, when he can openly travel to Cape Town where the final arrangements and state of affairs will be clarified.

Allegedly, Cyril couldn’t muster the necessary support to stand up against NDZ and her faction as he only had Pravin Gordhan and Tito Mbowe
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Mboweni has a screw loose, he now wants to open Lesotho’s borders to form one-state with SA

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It looks like Tito Mboweni has lost it completely. He issued a statement on social media stating that Lesotho must open its borders to form a federal state with South Africa.

This follows the political crisis in Lesotho. The country’s first “lady” is currently in flight after an arrest warrant was issued against her for the murder of the prime minister’s second wife. The European Union, the United Nations and the SA Development Community have been struggling to stabilize the situation in the neighboring country for 10 years.

Thousands of Basuto migrants and refugees are already living in South Africa. With a country like South Africa struggling to get its own affairs in order, it is futile to add another country that is plagued by riots and mismanagement as a federal state.

Livestock theft from Lesotho is already escalating in South Africa as thieves from the Mountain Kingdom supplement their “food shortages”.

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SA motorists brace yourself for big fuel tax increases the coming months – seems like the ANC-regime wants to recoup their loses by taxing you more on fuel levies

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Minister of Finance, Tito Mboweni, will deliver the Budget Speech 2019 in Cape Town on 20 February.

Expectations are high that he will balance competing expenditure priorities to stimulate economic growth in spite of fiscal consolidation measures.

However, the former central banker’s task is formidable and he will likely have a difficult balancing act on his hands.

One of the key balancing acts will be how Mboweni tackles the issue of the fuel levy.

In an analysis of the upcoming budget, PwC tax experts noted that the general fuel levy has been increased significantly in each of the four previous budgets as a means of raising additional tax revenues.

“The general fuel levy is only slightly progressive and was previously seen as being less politically sensitive than VAT,” PwC said.

“This perception has, however, changed with the increased attention resulting from the VAT increase in 2018. As such, it may no longer be
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