S.Africa: COVID-19 Scam: Communist Govt wants to steal pension funds – My Comments

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Video: General Von Manstein: Advice on HOPELESS sitations for Nations
Many Whites have told me that our situation is hopeless in all our nations including here in S.Africa. In this video I take a look at brilliant White men who lived through the hell of war and what they thought about hopeless and desperate situations. What did these men think who had spent years of their lives handling desperate, dangerous and hopeless situations.


[These filthy scum are constantly looking for chances to steal our private pension funds. Most old whites are living off these. This, like land, is a nasty issue. They've floated these ideas before. This is an old communist idea that gets tried again and again. I don't like this at all. This is merely an opportunity to loot and whites will lose everything. Jan]

An alliance between South Africa’s ruling party and labor unions is pushing for the mobilisation of domestic pension funds to drive economic growth, and urging caution about borrowing money from international financial institutions.

A discussion document dated May 25, prepared for meetings of the alliance members, cited the use of so-called prescribed assets during the apartheid era to fund infrastructure. South Africa has been ruled by the African National Congress, which is in an informal alliance with the Congress of South African Trade Unions and the South African Communist Party, since white-minority rule ended in 1994.

Attempts to fuel growth “must include a large drive toward domestic resource mobilisation from both the public and private sectors,” according to the document seen by Bloomberg and verified by Cosatu. Measures taken must include “among others, impact investments, interchangeably developmental and productive-asset investment requirements,” it said.

The alliance encouraged the use of both privately managed pensions and civil-servant retirement funds administered by the state-owned Public Investment Corporation.

South Africa’s economy is forecast by the country’s central bank to contract 7% this year as a result of the coronavirus outbreak and the loss of the last investment-grade rating on the nation’s debt. While South Africa has shunned the use of funds from institutions such as the International Monetary Fund in the democratic era, labor groups have now backed the government’s approach to the lender to seek $4.2 billion from its Covid-19 relief facility.

“International finance should therefore only be accepted if the conditions do not undermine, compromise or subvert South Africa’s national sovereignty, democracy or independence,” the document said. It should “neither interfere with our domestic development policies and goals nor our fundamental right to self-determination,” it

Source: https://www.moneyweb.co.za/news-fast-news/tripartite-alliance-moots-prescribed-assets-self-reliance/



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Former Rhodesia: Mugabe rampage leaves 1.5 million Blacks homeless 30,000 arrested
When Black leaders do enormous things, Jews and Liberals never criticise them. The scale of what Mugabe did was incredible, but no Jew or Liberal ever screeched about it.

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