MyNews24 is a user-generated section of The stories here come from users.

Comments: 17
Article views: 1216
Latest Badges:

View all G's badges.

E -Toll Rape!

08 November 2012, 15:16
I do not think they heard us. WE ARE NOT PAYING! FINISH AND KLA! And the reason for no proper financial study being done to pay back the money, is because they do not intend EVER paying off the R20 Bn loan, it is a scam, and due to compounding interest, R20bn will become R30 bn and then R50 bn and the debt will be impossible to pay back.

It is a ponzi scheme, ask Argentina, they know all about these schemes made famous by the IMF, easy loans and years of compounding interest that bankrupts a country, and the same ponzi scheme is planned with the Nuclear Power stations. The end result is to put South Africa into a total debt situation like Greece and eventually we will have to sell off our land and resources to pay it back, like Greece is being forced to sell off their Islands. This is the real crime in all of this. Bottom line, Toll roads are NEVER paid off, they are on going ponzi schemes making money for nothing and a drain on the tax payer.

Since the massive arms deal, announced in 1998, to re-equip the South African military forces  from manufacturers in France, Britain, Italy, Germany and Sweden South Africa has turned into a ponzi scheme haven. . Within one year, the cost of the deal had skyrocketed from R29.9bn to R43bn (US5.5bn)— an increase of more than 42 percent. The same will happen with the E Toll and ALL Toll roads.

Since Mandela left ANC government has taken "kick-backs" and are funnelling lucrative contracts to companies in which they or their families have a personal interest.The E toll is one of them, so are the proposed Nuclear Power Stations, all ponzi schemes benefiting those in power and off shore Oligarchs with their crony , colonial capitalism ponzi scams.
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Thandolwethu Mene
South African ICC exit a step in ...

What is the International Criminal Court and what is its purpose? Read more...

0 comments 862 views
Submitted by
Michael Mondli Hlophe
Defeating Privilege

Many sceptics will probably read the topic and move on to the next without giving the article the time of day. Privilege is however something that needs to be addressed. Read more...

0 comments 1447 views
Submitted by
Mark Nancarrow
Why I love Cambodia’s capital

There are so many reasons to hate Cambodia’s bite sized capital of Phnom Penh. Open sewers, naked children, piles of burning garbage on every street. Its a dirty, smelly, noisy amalgam. But Phnom Penh grows on you and by the time you leave it will occupy a special place in your heart. Read more...

0 comments 297 views
Submitted by
Nkanyiso Land Tumi
Fees must fall movement is unforg...

I am very shocked to see students protesting in the presence of police as if they're criminals. Read more...

0 comments 4505 views
Submitted by
De Wet Ferreira
Put the 'heal' Back into Mental H...

We all know what do when we cut or scratch ourselves, right? Our first response, without even thinking about it, is to go for the medicine cabinet – grabbing the antiseptic ointment and a plaster or two.  Read more...

0 comments 272 views
Submitted by
Colin Harding
Western cape dams are 30% lower t...

Not to understate the seriousness of the drought that South Africa is caught up in, I am a little concerned when local government state one statistic and the DWA have a different statistic. Read more...

0 comments 1091 views


E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

Interactive Advertising Bureau
© 2016 All rights reserved.
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.