The South African Revenue Service has increased taxes amid poor economic conditions and consequently poor economic growth. South Africa is among the top ten countries with high taxes and is also the highest with tax rates. Personal taxes have become more important to the greedy government than a source of revenue for the state over..
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ANC government is milking taxpayers! – Figures from 115 countries available, SA ranks eighth with high tax rates
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EFF hypocrites! They project themselves as revolutionaries, as guardians of the poor and the marginalised, but they wont walk the talk – spent at least R25,000 on French champagne brands during SONA
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An EFF entourage that travelled to Cape Town for SONA and the subsequent parliamentary debates booked into a four-bedroom luxury Camps Bay villa priced at between R7,100 and R25,000 a night. When the Fighters checked out at 10am on Thursday 27 June 2019 they had run up a bill of about R60,000 for eight nights,..
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SA faces rating crisis due to ANC-controlled Eskom’s gross debt of more than R440bn – How will Ramaphosa overcome this problem without abusing public funds?
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Despite the R230 billion bailout the ANC president promised to Eskom over the next ten years, they are now asking the government for further assistance. At this stage, it appears that the government is going to trade Eskom’s debt for government bonds or through the creation of a special account. According to the Treasury, the..
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ANC-managed Victor Khanye municipality apparently owes more than R100m to water, and about R46m to electricity – residents now demand to know who are the culprits stealing all the money
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“We all pay our municipal bills regularly, who are stealing all the money”, is the question now asked by Delmas and local residents after it became known that millions of rand are in arrears on water and electricity. The Victor Khanye municipality, which includes Delmas, apparently owes more than R100m to water, and about R46m..
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Zim government paid $10 million to Eskom to clear debt, receive power import after country left in the dark for up to 16 hours a day without power
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HARARE – Zimbabwe’s energy minister said the country had made a significant payment to Eskom to try to clear its debt and receive power imports from South Africa. This comes amid heightened load shedding, that has seen most areas of the country going for up to 16 hours a day without power. Energy Minister Fortune..
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You, the taxpayer are paying for ministers and deputy ministers cleaning materials, internet services, DStv and cell phones
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Ever wondered who was paying for ministers and deputy ministers’ cleaning materials, internet services, DStv and cell phones? You. Dondo Mogajane … apparently obliged to exchange two BMW X5’s. Even former ministers and their deputies’ free flights can cost the taxpayer as much as R17 million a year, according to the updated version of the..
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State-owned Denel has cash flow problems and can only pay workers a portion of their salaries
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Denel said that they could only pay employees 85% of their salaries for the work done in the month of June. Group Chief Executive Officer, Danie du Toit said in a statement, “The management of Denel is working tirelessly to ensure that delayed portions of salaries will be reimbursed to employees as soon as possible.”..
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Experts say R230bn is not nearly enough to save sinking Eskom and believe leadership leadership and instability is the biggest problem at state entities
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During his speech before the SONA the ANC president, Cyril Ramaphosa, said Eskom could not go down and that the state would see to it that there is enough funds available to keep the entity going. According to experts, its R230bn is not enough to save the failed power supplier. Chris Yelland, a well-known energy..
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SABC financial crisis: National broadcaster faces total blackout
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With uncertainty over whether the SABC will be granted a government bailout, there are now fears that the broadcaster could be forced off air. Things are looking grim as far as the South African Broadcasting Corporation (SABC) is concerned, with fears that the national broadcaster is heading to a complete blackout. Long-standing financial strife in..
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MultiChoice plans to cut 2,194 jobs – Seems like the pay channel is losing revenue after the Ghoema and Steve Hofmyer debacle
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MultiChoice may retrench over 2,000 employees in its call centres and walk-in customer service centres, according to a statement from the ICTU trade union. ICTU spokesperson Thabang Mothelo told MyBroadband that the plan was put in place without the union being consulted, and they are convening urgent meetings to address the issue. In a statement..
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You, the taxpayer are going to pay for Eskom’s failures and probably Soweto’s debt too – Tax increase on the cards
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President Cyril Ramaphosa said in his recent state of the nation address that Eskom is facing serious financial, operational, and structural problems. While Eskom has sufficient cash to meet its obligations until the end of October 2019, its financial position remains a matter of grave concern. “For Eskom to default on its loans will cause..
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Amcu workers inks R14 000 deal – most of the labourers did not even pass Grade 12 – what a huge remuneration for unskilled workers
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The Association of Mineworkers and Construction Union (Amcu) has signed a wage agreement with Rustenburg-based Siyanda Bakgatla Platinum Mine, which will see miners paid a basic wage of R14 309 a month in the third year of a three-year agreement. This is substantially less than the R17 000 a month Amcu is demanding from major employers Anglo..
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Food prices to increase again: If we’re not paying over the odds for our petrol, we’re being asked to fork out more for our groceries
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The latest industry data suggests that food prices in South Africa will be increasing soon. Here’s what has caused the unsavoury inflation for our groceries. f we’re not paying over the odds for our petrol, we’re being asked to fork out more for our groceries. Data shared by economist Wandile Sihlobo and the Consumer Price..
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SABC a sinking ship in a tide of debt – Need R3.2bn bailout to stay afloat
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Faced with an unenviable choice last month – either cough up to service its eight-figure municipality account, or settle the salary bill, the SABC took the high road and paid its staff. And while the lights are still on in Auckland Park, for now, anyway, the broadcaster is desperately hoping a R3.2bn government guarantee will..
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Leader of the Marxist EFF, Julius Malema’s net worth of USD$2 Million or R25,326,050.05
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This is the same person that tells you and me that capitalism is evil and that black people can’t succeed in this country because there is a “system” created by white people that is holding them down. – Break The Silence About South Africa This report does not necessarily reflects the opinion of SA-news.
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