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Today the NT Gunner Government locked in a 0% wage offer in a bargaining meeting. The four-year wage freeze from 2021-22 to 2024-25 would mean staff in.
27 April 2021, 9:10 PM | Glorious Sefako-Musi | @SABCNews
Image: ReutersIn the Steinhoff saga, R21 billion of public funds were squandered and no arrests have yet been made.
The Reserve Bank has denied that any of its officials travelled to Singapore in 2016 to verify the existence of the Spiritual White Boy Trust Fund.
In a letter, said to be from Leong Chark Boey, who claims to be the proxy of the White Spiritual Boy Trust and Spiritual Wonder Boy Trust, the writer claims the Reserve Bank’s Leon Myburg travelled to Singapore to verify the funds – said to be deposited at the Reserve Bank.
“This is the socialisation
of banking.
“The Minister of Finance is saying 93
percent of bank customers don’t care about bank stability
because the taxpayer will bail them out.
“Deposit
insurance puts New Zealand taxpayers on the hook for
banks’ risk-taking and increases instability in our
financial system. It creates a moral hazard, that is banks
and savers will take bigger risks because they’re
insured.
“The OECD reported ‘a study of banking
crises from the beginning of the 1980s to the mid-1990s’
found the presence of an explicit deposit insurance scheme
tends to increase the probability of such events’ and can
Tokyo Sexwale has dazzled the media and an engrossed public on Thursday, with tales of grand embezzlements right at the very top of government and the Reserve Bank. The former minister has accused President Ramaphosa and his comrades of withdrawing money from the so-called ‘Heritage Fund’ – but his version of events has been disputed.
Reserve Bank shareholder backs-up Heritage Fund claims
SARB says Sexwale has fallen victim to a scam. But the billionaire businessman isn’t giving up this fight just yet. He believes that the mythical pot – which was allegedly created to fund public projects – has been raided by senior government figures. We covered, somewhat extensively, the claims made by the 68-year-old earlier today.