Trade union Numsa demanded that the Minister of Public Enterprises, Pravin Gordhan, be dismissed for the extraordinarily high escalation costs at the Medupi and Kusile power stations. The construction cost has doubled to almost R292 billion and both power stations are described as “poorly designed and poorly constructed” by Gordhan. Earlier, it was confirmed that..
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Numsa wants Gordhan’s head over extraordinarily high escalation costs at new failed power stations – according to Gordhan, power stations are “poorly designed and poorly erected”
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Economist says Zuma government cost taxpayers about R470bn – What a waste of good money!
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Nedbank chief economist Dennis Dykes says the Zuma regime has cost South Africa R470bn. Dennis Dykes says they have done a thorough calculation that is South Africa’s loss due to corruption, maladministration and distorted policies in Jacob Zuma’s second term. He says there was an estimated loss of R140bn due to taxes lost and now..
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ANC transformed the country into a disaster! In ANC-terms, the list of “transformational successes” is mind blowing, particularly seen in the context with the obsession with race representation at all costs, especially with regard to experience and skills
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After 25 years in office, the parliamentary debate on the transformation of South Africa’s economy to serve the nation is nothing more than an admission by the ANC that it failed miserably as the country’s government and that its harmful policies merely contributed to the destruction of our economy. The ANC did indeed transform our..
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Eskom and SA are paying an expensive price for ANC’s Affirmative Action Policy – white experienced and knowledgeable engineers are missing from the state entity and now experts have to come from abroad to save Eskom
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Eskom and the government’s unwavering attitude to applying Affirmative Action (RA) is now costing South Africa. Due to RA, experienced and knowledgeable engineers have left Eskom and now the Minister of Public Enterprises, Mr. Pravin Gordhan, are asking them to help save Eskom. The Freedom Front Plus has long warned that RA is harmful to..
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ANC-regime is blatantly misusing our money on its own election campaign, the Free State SOPA expenditure is going to cost the taxpayer more than R2 million
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The Free State’s State of the Province Address (SOPA) will probably cost taxpayers more than R2 million. The greater part of the expense was not budgeted for nor planned and yet the money has already been squandered without the necessary approval. The extravagant expense becomes even more unacceptable and fruitless when one takes into account..
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Major traffic warning – Johannesburg is closing down the M2 highway for repairs – SA roads and bridges are facing a crises due to lack of poor maintenance
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The City of Johannesburg has announced that it will close down the M2 highway as it begins major rehabilitation plans. In a press conference on Monday (18 February), the Johannesburg Roads Agency (JRA) said that it would close down the motorway between the Crown interchange and Maritzburg Street from 28 February 2019. “The closure is..
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Loadshedding left a trail of destruction in South Africa, weakening the poor economy by at least R10bn; this should be a costly lesson for the Ramaphosa government
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The five days of loadshedding last week left a trail of destruction in South Africa, and should be an expensive lesson for the Ramaphosa government. It was a week in which transformers exploded, damaging equipment in homes and industries, virtually irreparably damaging substations and even weakening the poor economy by at least R10bn. The load..
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Only senior ANC members have the sole right to elect SA’s president while expertise and reliability are not necessarily taken into account, meanwhile millions of voters must be satisfied with the decision
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The ANC’s senior members are the only people who have the right to choose the country’s president while millions of voters must be satisfied with it. Analysts say the state of affairs should be changed so that voters themselves can decide which person they want to vote as president of the country. The opinion was..
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ANC joiner, Max du Preez recently announced the return of his newspaper Vrye Weekblad after it was forced to close a quarter of a century ago – most likely he will use this online version as a tool to spread the ANC’s propaganda?
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The far-left Max du Preez will again try to get a newspaper going, but this time it will be an internet newspaper that will help him not to go away so soon after it has been rolled out. Du Preez decided after 25 years to try again to start a newspaper, this time the Vrye..
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Thanks to the ruling ANC regime, SA’s economy outlook is getting worse with Eskom already plunging the country deeper into debt
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In an exclusive interview conducted by Die Vryburger with a well-known political analyst, it seems that 2019 is not a year of good prospects. The anonymous expert says the projections are getting darker with Eskom, who is already plunging the country into debt with loadshedding. In addition to the enormous R2 billion it cost daily..
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While National Treasury and SARS scramble for money, a new focus has been placed on the revenue service’s plans to tax SA expats working abroad , who could face having 45% of their earnings over R1 million fed back to government
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South Africa’s expat tax is coming – and there’s only one way to legally avoid it. Speaking on The Money Show this week, personal financial advisor at Galileo Capital, Warren Ingram said that even though the actual rules around the tax are yet to be finalised, they are planned to come into effect in March..
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South Africa’s new state-owned bank could be a big R7 billion mistake, National Treasury has warned of the possible harmful effects of introducing a state-owned bank into South Africa’s current financial system
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In a presentation to the Standing Committee of Finance on Tuesday (5 February), Treasury warned that a number of recent banking failures – including the failures of African Bank and VBS Mutual Bank – showed that a banking licence should not be handed out lightly. It also warned of previous issues with state-owned banks, highlighting..
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SAA pay Comair R1,1 billion, where does the bankrupt state entity get the money from?
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SAA conceded that it had violated the Competition Act and announced that it would pay R1,1 billion to Comair. The dispute has been in existence for a period of 10 years after SAA’s travel agents operated bonus schemes. The bonus systems were against the rules of the Competition Council, and Comair has set a claim..
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SA sugar industry in crisis – ANC regime has been warned two years ago, however, the government remains indifferent to the industry by importing sugar more cheaply from abroad
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The SA Sugarcane Association has, by way of Graeme Staibank, declared that 350,000 jobs are at stake if problems are not addressed. Inconsistent rainfall, low sugar prices, little protection from cheap sugar imports and a fall in demand after the introduction of sugar taxation is one of the problems facing the industry. The government has..
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According to Senzo Mchunu, one of ANC president Cyril Ramaphosa’s confidantes, black managers are too blame for the bankrupt Eskom
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An ANC member of the party’s National Executive Committee, Senzo Mchunu, says it is black executives who are responsible for the condition at Eskom. He says all that they have achieved was to do well in the failures. Senzo Mchunu is one of ANC president Cyril Ramaphosa’s confidantes who are now out against Eskom’s “black..
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