The South African government has now officially confirmed what has long been feared: they want to use the country’s pension funds to finance their own failed industrialisation plans and infrastructure projects. Finance Minister Enoch Godongwana announced this in Parliament on 21 May 2025, and although he wrapped it in shiny policy jargon, the reality is shocking: your retirement money is at stake. Pensions as Last Harvest: The ANC’s New Prey When a government starts to cut into citizens’ pension money, it is usually a clear sign of desperation. In this case, it is also a form of indirect expropriation. Godongwana put it himself: the state plans to use long-term domestic savings — which includes pension funds in particular — to fund “industrial policy projects”. No right-thinking citizen can deny themselves the question: what exactly does this mean for my money, my old age, my security? And this does not come in isolation. The same government that is already working to redistribute property without compensation now intends to use pensions as leverage for projects that they themselves admit have been in the pipeline for years — and have yet to deliver anything. It is nothing more than ideological investment with other people’s money. “Infrastructure” Sounds Good – But Look Who Spends; According to Godongwana, more than R1 trillion will be expropriated.
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So @AlexZverev not only good at tennis but gamesmanship too. Whole match you ok then suddenly when down a set point you throw your toys.., way to go #lostrespect#usopen
[ON AIR] A top cyclist is being treated in hospital for a broken arm, after being manhandled by park rangers in Cape Town. @ThembiMrototo talks to Reynold Thakhuli, from SANParks. #SouthAfricaTonight Courtesy #DStv403