Saambou Bank apparently agreed to an arrangement between themselves and the ANCWL (ANC Woman's League) whereby loans will be granted to all ANCWL members applying for such. Saambou received relevant letters as confirmation that specific individuals belonged to the ANCWL and were therefore legible for loans, signed by Winnie Mandela herself (and on her organisations letterheads). It turned out that only five of the seventy applicants were actual members.

Now Winnie the Pooh had to go to court and will have to go back defending the eighty odd fraud cases against her and the ANCWL. Turns out she couldn’t afford the bail which her son paid (R5000.00). On presentation of her expenses, the nation only now realises how well their “mother” is living.

Consider a personalised registration number (about 400.00 bucks) on her Mercedes (monthly repayments R7000.00) on which insurance costs her R 4000.00 p.m. The maintenance is costing her R2798.00 p.m. (this car is obviously on full maintenance lease to cost that much).

I’d recommend she gets rid of this car. First, the maintenance costs are too high. Second, I’ll look for another insurance company. With 4 grand a month on insurance I could buy a new car every ten months! And what is wrong with the standard license plates at 40-odd bucks a set? Don’t you think that if your expenses were more than your income that a personal license plate would be the absolute last item on your shopping list?

Moving on to the household -
Bond is costing her 12 grand a month with electricity at 5 grand. For a house in Soweto she’s being screwed! Come on, the average white household has an electricity bill averaging 1000.00 bucks. My electricity bill has never exceeded 800 Rand. Services cost her 4000 Rand, house staff a further 2800 rand and of course the guards (which no-one can’t afford to have in this country) a further 4500 Rand.
Then there is groceries to the tune of R10 671, a telephone bill of R6 000, museum expenses of R8 000 and finally the ever present miscellaneous at R5 000 per month. Is she the average high-flyer?

This tallies up  to R72 169.00 per month. She claims that her income does not exceed R17 000.00 per month. Something serious is going wrong here. 

Applicants to the above-mentioned loan scheme had to take out a funeral policy with a company of which Winnie is a director. Since January this year more than a half million rand has been deposited into Winnie’s bank accounts.
The worst part of this all is that she expects the nation to believe that she makes end meet through donations from wellwishers, friends and admirers. Wish I had such generous friends that would come up with the 55 grand deficit I would require every month!