According to the DA, Philisiwe Mthethwa, CEO of the National Empowerment Fund (NBF) is probably the highest paid civil servant in South Africa. Mthethwa receives a combined salary package of more than R6 million during the previous financial year. “That’s R2 million more than Pres. Cyril Ramaphosa earns “said Dean Macpherson, DA MP and shadow..
Continue reading…
NBF chief executive earns more than the president – Taxpayers finance public servants’ lavish lifestyles
Posted on Leave a comment
Court deals Soweto residents who wants to pay a flat tarrif of R150 a month for electricity a blow by striking case off the roll
Posted on Leave a comment
Soweto owes R20bn to power provider Eskom, but residents of the township only want to pay R150 a month for their power. Mpho Sesedinyane, ANC councilor and chair of the South African National Civic Organization (Sanco) in Soweto, feels that R150 is a fair amount and that, given the state of the economy, the residents..
Continue reading…
Power grid remains under pressure, possibility of load shedding not eliminated
Posted on Leave a comment
The electricity network remains under pressure and, according to Eskom, there is still the possibility of load shedding for today and the rest of the week, but will only be applied if absolutely necessary. According to Eskom, unplanned interruptions at 22:00 on Sunday were slightly less than 10,000 MW and good progress was made over..
Continue reading…
Insatiable greed for money amongst ANC ranks – MP involved in CR17 R500,000 scam
Posted on Leave a comment
The ANC’s MP, Bernice Swarts, is accused of being involved in a scam involving R600,000. The ANC has apparently launched an investigation into the alleged scams where businessmen were under the impression that the money would be used for the ANC’s election campaign. Little information about Swarts is known, but the latest investigation into the..
Continue reading…
South Africa’s army has run out of money – this is how much trouble it is in
Posted on Leave a comment
South Africa’s National Defence Force (SANDF) is in a dire financial state, and with no promise of future funding, things may still get worse. Answering in a recent parliamentary Q&A session minister of Defence and Military Veterans, Nosiviwe Mapisa-Nqakula, said that current plans to get the SANDF back on track are entirely dependent on its..
Continue reading…
First Gupta house under the hammer – property apparently occupied by controversial ANC secretary general Ace Magashule’s son
Posted on Leave a comment
The first of a number of homes in Saxonword that belong to the Guptas is auctioned by the Park Village auctioneers. The property was occupied by the son of the First Gupta house under the hammer – property apparently occupied by controversial ANC secretary general Ace Magashule’s son, who initially refused to leave the premises…
Continue reading…
Parasitic SOE, Prasa also bankrupt? – Eskom threatens to cut power supply to trains due to default in payment
Posted on Leave a comment
This past week, the ANC’s president, Cyril Ramaphosa, had to intervene so that Eskom did not cut off the Passenger Rail Agency of SA (Prasa) power supply. The power supply would be cut off if the president did not intervene, and Prasa’s power supply for electrically powered trains would be cut off, which would force..
Continue reading…
ANC government focused on looting and not maintenance of infrastructure- over a period of 25 years they repeatedly showed that they are was unable to manage or govern
Posted on Leave a comment
The ANC government’s focus so far has been mainly on the looting of the fiscus and not on the maintenance of the country’s infrastructure and other state assets. Proper infrastructure is the lifeblood of the economy and ensures that residents have access to roads, bridges, schools, water and many other services. Without proper infrastructure maintenance,..
Continue reading…
Pull the generator closer and get those candles ready, Eskom #rollingblackouts will be with us shortly
Posted on Leave a comment
Eskom expressed its disappointment over the decision of the rating agency Moody’s that further downgraded the bankrupt entity of the state. The Moody’s Investment Service downgraded Eskom from a B2 to a B3, which means the entity has no confidence in consumers or the rating agency. With the downgrade, Eskom is brought into line with..
Continue reading…
ANC regime’s debt to SA municipalities exceeds R1bn
Posted on Leave a comment
Several millions of Rands debt is outstanding with municipalities across SA – ANC regime debt exceeds R1 billion The ANC government’s poor performance, especially in the economic and financial sphere, is also highlighted in its inability to settle its debt to municipalities. The ANC’s Minister of Public Works, De Lille, has acknowledged that the state..
Continue reading…
Its still theft, no matter what you call it! ANC regime continues land expropriation without compensation policy
Posted on Leave a comment
TAU SA is preparing to assist landowners in expropriation cases without compensation. This follows after the discussions with the ad hoc committee appointed by Parliament to submit proposals on how Art. 25 of the constitution – which deals with expropriation without compensation – must be amended. “It is clear that the committee’s focus is solely..
Continue reading…
The Department of Tourism is setting up a ridiculous trap gate costing taxpayers R4.5 million to promote tourism
Posted on Leave a comment
The Department of Tourism in the Western Transvaal wasted about R4.5 million with a mockery to set up a “funny trap gate”. As if that wasn’t big enough, another R3.4 million was wasted to erect a fence at Taung Hotel School which was purchased for R6 million. The Department, which is trying to attract tourism..
Continue reading…
ANC’s 30,000 election posters cost R100 million
Posted on Leave a comment
The ruling party recently had a big shock when they received a bill of R100 million for the printing of 30,000 ANC election posters. This indicates that a single poster cost about R3,000, which made the printing press rich overnight, but it seems like the ANC is hesitant pay such a bill. Ezulweni Investments in..
Continue reading…
SA has a national debt of R3 trillion rand and tax deficit of R53 million
Posted on Leave a comment
Following the disappointing mid-term budget speech by Tito Mboweni, the Rand reached its lowest level in weeks. Eskom’s rescue plan has nowhere really figured in either Pravin Gordan’s submission or Mboweni’s budget reason. The government’s financial situation is rapidly deteriorating with the national debt of R3 trillion and a tax deficit of R53 billion. Moody’s..
Continue reading…
Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing
Posted on Leave a comment
Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did..
Continue reading…