SABC chief operating officer Craig van Rooyen resigned. Van Rooyen was also involved in the executive technology department of the SABC. His reasons are stated as personal and family matters. However, Van Rooyen is convinced that the SABC will overcome its problems and the council of the SABC has indicated that they are very sorry..
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Another one bites the dust – SABC boss flees sinking ship
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We are getting poorer in SA – Unemployment will continue to increase as long as population growth exceeds economic growth – Time to induce birth control to reduce breeding and stop bulk of illegal aliens from African countries
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The publication of the most recent Quarterly Labour Force Survey by Statistics SA and its calculations that the number of unemployed people continues to increase have once again elicited strong opinions and calls that somebody must do something. Reading the labour force and unemployment statistics together with the report on population growth that Stats SA..
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SA Poverty Line – it costs R561 a month to consume just enough kilojules to prevent starvation – this while ANC cadres are wining and dining with taxpayers’ money
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According to Statistics South Africa (SSA), we need R561 to buy food with just enough kilojules to avoid starvation. These households that earn less than the amount are considered as South Africa’s “food poverty line”, or the extreme poverty line. The amount of R810 is described as the bottom poverty line and you can buy..
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Unemployment rate grows to 29%, while SA’s economy declines – Ramaphosa’s promises of new job opportunities, all lies
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South Africa’s economic crisis is causing increasing violence, and is linked to several factors, the poor growth rate of less than 0.5% being a scapegoat. Compared to the previous year, about 25,000 jobs became available, but that’s a drop in the bucket against the myriad of school leavers of 598,000 who want to enter the..
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Political appointments cause malfunctioning at Municipalities and SOEs, SA Chamber of Commerce and Industry’s confidence drops
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Business confidence remains weak and under pressure. It is therefore gratifying that the SA Chamber of Commerce and Industry (Sacci) is finally putting its finger on the problem by referring to the ongoing policy of political appointments with municipalities and state-controlled entities (SOE). Sacci appealed to the ANC government to ensure that state-controlled entities should..
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#ParasiticParastatal – SA Express is just another bottomless pit swallowing taxpayers’ money
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It is disturbing to realise that recently another enormous lifeline was quietly given to SA Express while all the attention was on Eskom, the SAA and the SABC. According to the Free Market Foundation, SA Express received a lifeline of R1,24 billion from the government in November last year and was now given government guaranteed financing amounting to R300 million.
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When the SABC can’t even broadcast local soccer, then you know its doomed
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The SABC and South Africa’s Premier Soccer League have confirmed the national broadcaster will not show Absa Premiership matches. As reported by News24, the new season of the Absa Premiership started today at 15:00 – with the SABC not showing the first match. The PSL said that the nation may have to “accept that the..
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DSTV subscribers pay annually R54 million for senior officials’ salaries – yet programs are broadcast repeatedly and service is excessively expensive
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While the number of subscribers to DStv is declining in South Africa, the subscription fee increases annually to pay the high salaries of its senior officials. Only a few of MultiChoice’s senior executives collectively earn more than R54 million a year. The CEO, Calvo Mawela, receives R10.6 million a year and Tim Jacobs R8.4 million,..
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Consumers face 80% electricity tariff hike to save Eskom from their self-inflicted mess
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Eskom has announced that they will put a four-point plan in place to get out of their self inflicted mess. They will firstly obtain an 80% increase in electricity through a court order, and secondly they will unbundle the entity. Third, Eskom will introduce savings measures. However, it is not indicated how and what savings..
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More than 10 million people are unemployed in SA – Rate higher than USA and Germany combined
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10 million South Africans suffer in silence and 900 hundred join them every day. We are all too clever as we talk about public protectors, scandals, politics and infighting. BUT we and our government love forgetting the unemployed. Journalists forget them, Politicians talk for them but never too them. Working people hope they never have..
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Eskom is SA’s downfall with net loss of R20.7 billion and a deficit of R59 billion
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The latest Eskom financial report just released shows once again that the entity is causing the country’s financial collapse. The shock announcement that the power supplier is showing a net loss of R20.7bn for the financial year confirms that Eskom is holding the ANC regime hostage. If the ANC regime wants to see the country..
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Public Protector received money from Guptas, but denied that she was corrupt
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The Public Protector has denied allegations that she is corrupt and has received money from the Guptas in the past. Busisiwe Mkhwebane is accused of receiving about R5,000 from the Guptas two years before her appointment as OB. It is not mentioned whether she received the amount monthly, but it is suspected that she may..
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#Blackprivilege: Soweto residents want to pay a flat rate of R100 per month for unlimited electricity – We all do!!
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While Eskom is drowning in debt and struggling to make ends meet, Soweto residents say they want their debt written off and to only pay R100 per month for unlimited electricity. Eskom currently supplies 135,000 Soweto residents with power, but only 12% of these customers pay for electricity. This non-payment has seen Soweto’s debt to..
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12,432 SASSA beneficiaries defrauded on social grants toting up to R21 million
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Social Development Minister Lindiwe Zulu announced in a parliamentary reply on Tuesday that about 20,787 fraud cases were registered at the Post Office by June 28 this year. Furthermore, it has also been revealed that 12 432 pensioners as well as other beneficiaries have been deceived in the past year from their social grants, collectively..
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We are in big trouble! With more firms shutting their doors ‘South Africa is getting poorer’ and paints a bleak picture of the state of the economy
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According to the figures released by Statistics SA the number of liquidations increased by 24.9% in the second quarter of this year compared with the same period for last year. The estimated number of insolvencies increased by 4.6% in May and a 15.2% increase was estimated in the first five months of this year. Economist..
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