🚨⚠️ BREAKING NEWS 🚨 ⚠️
LEAKED GOVERNMENT MEMO : SOUTH AFRICA IS OFFICIALLY A FAILED STATE- GOVERNMENT HAS RUN OUT OF MONEY ‼️(FULL DETAILS & SEVERE IMPLICATIONS)
31 August, the Ministry of Finance issued an internal Government memo, alerting both National & Provincial governments that the state has no more money available. In simple terms, the following will happen from the 15th of September this month at both National & Provincial soheres;
1) There is no money to pay Government workers thier salary increments so all Bargaining Council agreements are scrapped.
2) No bonuses to all Government employees.
3) No training of Government employees
4) Stop the hiring of all new Government employees.
6) Stop all Government spending on infrastructure development projects.
All the above mentioned will lead to a jobs bloodbath because Government workers salaries are the single biggest spending item in South Africa, followed by Government infrastructure development projects, therefore without the two, the economy will drastically shrink leading to mass scale retrenchment & affect everybody in all sectors.
Government it's self has admitted in the memo that it doesn't know when it will be able to have money again to start it's normal spending again & is just hoping the economy will improve on it's own, until when- even Government doesn't know, so in other words the country is on autopilot
https://dailyinvestor.com/finance/29875/south-africa-has-run-out-of-money/#maps
Got this post
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619