According to a report by the Gauteng Department of Cooperative Governance and Traditional Affairs (CoGTA) submitted to the Gauteng legislature’s CoGTA committee, Soweto owes Eskom more than R17 billion, which is half of the country’s debt to Eskom. The information came to light last month when a FF Plus spokesperson, Amanda de Lange, announced it..
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Soweto owes Eskom more than R17 billion, still receives free power – culture of non-payment has now become a legacy of the ANC struggle
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Eskom’s municipal debt rises to R23.5 billion – Lets face it! Management and board of directors do not possess management skills to run this entity
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Eskom’s inability to function effectively has again emerged with the latest financial information released. Municipalities already owe Eskom R23.5 billion, according to the report released by Minister Pravin Gordhan. The disclosure shows that the debt to be paid to Eskom is still rising, and is a sign that the entity is not prepared to set..
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Zandile Gumede raid: Here’s the insane fleet of luxury cars seized at the residence of former mayor of eThekwini
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Even in her darkest hour, Zandile Gumede has remained defiant in the face of mounting pressure. The former mayor of eThekwini had a dig at the Hawks investigative unit on Thursday when they turned up at the wrong house to seize assets belonging to her, and 15 of her co-accused. Gumede has orchestrated one hell..
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Eskom – in return for R59bn bailout from National Treasury, Eskom must recover Soweto, municipal debt
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National Treasury is set to impose 28 conditions on Eskom in return for a R59bn lifeline to keep the cash-strapped power utility afloat and enable it to pay interest on its mounting debt burden. Treasury updated Parliament’s appropriations oversight committee on the conditions attached to an appropriations bill on Wednesday. The bill, which has not..
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Eskom drowning in debt, will need R69 billion to service its overflowing liabilities
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Eskom chairman Jabu Mabuza during the power utility’s annual financial results presentation on November 28, 2018 in Johannesburg, South Africa. During the presentation, it was revealed that Eskom’s debt service costs have doubled in a one year to R45bn. Jabu Mabuza addressed the Portfolio Committee on Public Enterprises on Wednesday and announced Eskom is owed..
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Drought relief for Northern Cape – ANC-regime promises to assist farmers with R30m in aid– this is like a drop in the ocean
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The R30m pledge to assist farmers in the severe drought of the Northern Cape is hardly a drop in the ocean. David Mabuza indicated that he may be visiting the drought-stricken Northern Cape to determine for himself the extent of the drought and the conditions in which the farmers find themselves. The Department is guilty..
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Angry police officers threatened to go on strike over a contentious promotions agreement
184 staff members of the Gauteng Health Services own private businesses and trade with government departments
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It has been revealed that 184 staff members of the Gauteng Health Services own private businesses that trade with government departments including the Health Department. These services include medical supplies, food, publications, funerals and even emergency services. Unconfirmed reports state that staff are sometimes in the “good position” to decide for themselves that the Health..
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Bankrupt SABC gets R2.1 billion bailout to continue mismanagement, CEO receives excessive amount of R3.9 million for 9 months of work
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Communications Minister Stella Ndabeni Abrahams has just announced that the SABC will receive R2.1bn as part of a R3.2bn bailout. The ANC regime is pumping billions of rand into the ineffective SOE and has now been warned that no further aid will be provided. The struggling national broadcaster once again got money from the state..
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DStv customers, check your bills: “Thousands” have been overcharged for September
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A number of DStv subscribers reported being overcharged on their monthly bills by up to R1 000 in September. And the reason why has infuriated customers. If it’s not Steve Hofmeyr and his mates smashing up decoders, then DStv are pretty good at doing damage to themselves. The television network is facing an almighty backlash,..
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DStv cuts affordable package with KykNET – Pensioners must now subscribe to premium package if they want to watch their favourite Afrikaans soaps
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MultiChoice has informed its DStv Select subscribers that it will discontinue this service on 29 October 2019 and move them to DStv Family. “DStv is continuously reviewing its content line-up, packaging structure and pricing to ensure that customers have access to the best fresh content at great value,” MultiChoice said. “As a result, we will..
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Petrol price increases again – Here is how much you will pay for fuel from October
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The Department of Energy has published the final petrol price changes for October 2019. According to the department, the large difference between the prices of the 93 and 95 grades of petrol is because of a recalculation in the basic fuel price (BFP) for each category. The changes are as follows: Petrol 93 will decrease..
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Rumors have it that DA leader, Mmusi Maimane is driving a vehicle gifted by disgraced businessman Markus Jooste
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As the knives come out for Democratic Alliance (DA) leader Mmusi Maimane, the party has come to his defence after he has been accused of driving a vehicle gifted by disgraced businessman Markus Jooste. The rental vehicle was paid for by Steinhoff. Jooste is accused of insider trading, cooking financial books and dodging taxes, all..
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Planned mass strike in banking sector blocked after interdict was brought to stop between 30,000 and 40,000 workers striking
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Trade union Sasbo and its trade union, Cosatu, are not allowed to continue their planned mass strike in the banking sector on Friday. Various reports were doing the rounds as to what and when the bank staff would strike and speculate on what their effects would be on the country and its people. Economists have..
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ANC regime threatens financial survival of SA, Government debt increases every day
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The ANC government is extremely dangerous and threatens the financial survival of South Africa, as its eagerness to lend remains unsaturated. This is the opinion of an economic adviser following the SA Reserve Bank’s announcement that government debt is rising faster than provided by any institution. The government’s total loan debt has risen to a..
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