In this video by ‘The Daily Friend’ wee see that a rapid rise in SA government spending will trigger a chain of events, culminating in the erosion of the value of your pension, leading economist Mike Schussler has warned. After the Moody’s downgrade and the huge impact on the value of the Rand expect the ANC to come after and to loot your pension fund next.
The video discusses the impact of the financial situation in South Africa. And that the ANC plan to force financial institutions to channel a greater share of their assets into certain government instruments.
South Africa Today – South Africa Media