The township is said to owe Eskom R18 billion in unpaid electricity bills. This week, Lungelo Lethu Human Rights Foundation (LLHRF) is finishing up court papers in a bid to haul Eskom to the South Gauteng High Court over electricity disconnections. LLHRF’s president King Sibiya said they want an interim court order forcing Eskom to..
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R100 – that’s how much Soweto residents want to pay Eskom for electricity each month
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The Department of Tourism is setting up a ridiculous trap gate costing taxpayers R4.5 million to promote tourism
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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..
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ANC’s 30,000 election posters cost R100 million
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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..
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SA has a national debt of R3 trillion rand and tax deficit of R53 million
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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..
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R6bn needed to renovate Gauteng hospitals – National Health Plan may be on ice
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It will cost the state more than R6 billion to complete 32 hospitals’ safety rating. The decline and deterioration of hospitals is particularly seen in electrical installations, fire protection equipment, elevator regulations and storage facilities. The condition can be attributed to contractors who do not deliver quality work and poor maintenance programs. There is concern..
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SA debt burden sky-high, municipalities bankrupt, SOE’s a huge burden on taxpayers’ shoulders, and ANC regime not capable to find solutions that are feasible and effective
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Finance Minister, Tito Mboweni issued a cold warning Wednesday in his Medium Term Budgetary Framework (MTBR), and said if action is not taken urgently, South Africa could end up in a debt trap, with rising interest payments on debt, higher interest rates and even higher unemployment. This admonition comes amid a sharp lower adjustment in..
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Apparently NSFAS’ students are spending their cash-for-textbooks allowance on food, booze and clothes since no books where bought
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The academic book industry is flailing after the introduction of a new policy that gives students cash, not vouchers. The cash-for-textbooks allowance introduced by the National Student Financial Aid Scheme (NSFAS) in January has cost the book industry more than half a billion rand, putting hundreds of jobs at risk. This is according to data..
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#ParasiticParastatal Another 59 Billion Bailout Has Just Been Granted To Mismanaged & Corrupt Eskom Gravy Train
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The National Assembly voted in favor of a special allocation bill on Tuesday that allows a bailout of R59 billion to struggling Eskom. The bill was approved by 200 votes to 105 with ANC MPs believing the bill is essential to keep the lights on. These MPs argued that many of them grew up in..
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Dawie Roodt: “SA economy can be restored if Eskom privatizes”
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The South African economy can recover, but then the Ramphosa-regime must admit that it does not have the capacity to do so. This is the opinion of an economic adviser who says the one big reason why the country stumbles economically is because the whole world sees how wrong the Ramaphosa regime is in times..
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Power shortages in SA can last up to four years due to Eskom’s inability to produce
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The ANC-SACP government’s long-term plan with the economy is closely linked to the supply of electricity. The government has already published its “plan”, warning it of a so-called “immediate risk” of major electricity shortages that will arise. To make matters worse, it is stated that the large power shortages can last for four years due..
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Power outages cost SA millions of rands a day and could mean an economic downfall
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Ramaphosa may forget to go ahead with successful results whilst begging for investments when Eskom has already started shedding power, says a well-known economist from Pretoria. Eskom’s load shedding, without any announcement, costs South Africa millions of rand a day, and the entity is in two ways destroying the country economically. On the one hand,..
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Eskom load shedding may have been applied over Nersa not approving electricity supplier’s tariff increase and is now used as leverage to manipulate the initial decision
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TAU SA finds it extremely suspicious that Eskom suddenly imposes loadshedding just days after the electricity supplier filed a lawsuit against Nersa, the regulator, because the entity was not satisfied with the tariff increases approved. “It almost seems as if there is a subtle blackmail here, as it has often happened in the past if..
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13.8 million people in SA, are living on less than R19 a day, according to the 2019 Household Affordability Index
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According to the latest Household Affordability Index compiled by the Pietermaritzburg Economic Justice and Dignity Group (PMBEJD), more than half of SA’s population live on less than R41 a day. The September 2019 Household Affordability Index shows that more than half of the population are living on less than R1 230 a month. The Index..
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ANC gives millions to Youth League even though they themselves are technically bankrupt according to Treasurer General
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The wastage of money by the ANC reached another “highlight” with the announcement that millions of rands had been given to the liquidated Youth League to write off their debt. The amount involved is and will probably remain unknown but there is talk of “millions”. The ANC will also further fund the Youth League so..
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De Lille reveals that SA taxpayers are paying R70 Million annually to house members of parliament (MPs) at official residences in Cape Town
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Patricia De Lille is the Public Works and Infrastructure Minister. She shared how the state had paid around R750 million over the fourth and fifth parliament to house MPs at the three parliamentary villages in the province. The expenditure occurred between 2009 and 2019. De Lille was responding to a written parliamentary question from Democratic..
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