President Cyril Ramaphosa has once again rejected suggestions that China is a new coloniser and that his government has sold South Africa to the country by signing loan agreements for state-owned enterprises (SOEs). “What we [government] are not in the habit of doing is handing over the assets of our country to any other country..
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Has Ramaphosa sold South Africa’s soul to the highest bidder after loan agreements with China?
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Cyril Ramaphosa trying to explain away his conduct for the past few months. Should we really believe you!
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President Cyril Ramaphosa has once again rejected suggestions that China is a new coloniser and that his government has sold South Africa to the country by signing loan agreements for state-owned enterprises (SOEs).
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Des Van Rooyen lost no time in the treasury
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On December 9 2015, ANC backbencher Des van Rooyen was appointed finance minister. Four days later, after intense pressure, then-president Jacob Zuma rescinded his appointment, shifted him to the co-operative governance and traditional affairs department and appointed Pravin Gordhan to control the nation’s purse strings.
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John Steenhuisen: “ANC-regime turned the state capture into state collapse”
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John Steenhuisen is perhaps one of the ANC’s biggest detractors. A firebrand in Parliament and an outspoken favourite in the DA, he’s no stranger to giving Mzansi’s ruling party the business. However, during a Cape Town press conference on Thursday, there was no wordplay – nor were there any trademark barbs. Indeed, the cigar handed..
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You’re paying more than double what you should for electricity in SA
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Energy expert Ted Blom says that South Africans are paying more than double what they should be for electricity in the country, and it’s funding Eskom’s corruption and mismanagement. Eskom this week reported a loss after tax of R2.3 billion for the year ended March 31 from a profit of R900 million 12 months earlier…
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Price of Eskom electricity expected to double by 2021
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Buckling under the strain of seemingly insurmountable debt, Eskom looks set to implement massive electricity tariff hikes aimed at staving off a complete financial and structural collapse. South Africans are inevitably left to foot the exorbitant bill, caused by gross mismanagement, and nepotism, leading to R19 billion in irregular expenditure, coupled with a long list..
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State-owned enterprises: Which one costs South African taxpayers the most money?
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South African state-owned enterprises set the stage for a sad affair. The sordid tale of bottomless funding vanishing under the unexplainable guise of ‘irregular expenditure’ – the millions become indiscernible from the billions, spoken of as fictitious currency. But the money is very real, and it trickles into government coffers through the tax tear in..
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How is this even possible:- Eskom posts R2.3bn loss, R19bn in irregular expenditure
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Eskom suffered a net loss of R2.3-billion in 2018, the state-owned power producer revealed at it financial results presentation on Monday.
The power utility said its net cash from operations declined from R45.8-billion to R37.6-billion, as it struggled with leadership and operational challenges.
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Costly Head winds pummel the South African Airways
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Finance Minister Nhlanhla Nene has demanded an explanation from SAA for its contract with interim chief financial officer Robert Head that will see him pocketing more than R5‑million for six months’ work.
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If you live in the Free State, make sure your municipality is up to date with its Eskom payments
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National power utility, Eskom, is determined to recoup costs from defaulting municipalities. The beleaguered power supplier has set its sight on two Free State municipalities, threating to cut them from the power grid should their debts not be settled immediately. South Africa’s power supplier is struggling financially – that’s no secret. The state-owned enterprise (SOE)..
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Broke’ Eskom Gives Senior Executives Unlimited Free Petrol
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Senior Eskom officials have reportedly been spending about half a million rand a month on their company cars, with unlimited free fuel, according to Business Day. Eskom also reportedly pays for their toll fees and the maintenance cost of their cars. This comes weeks after unions embarked on a protest because Eskom offered no wage..
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Brace yourself, tougher times are still ahead
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As temperatures plummeted across the county this week, fuel prices hit record highs of R16.02 for a litre of 95-octane petrol in Gauteng.
Taxi fares and the cost of basic foodstuffs are also expected to rise as a result. But beyond appealing to manufacturers and service providers to hold off on increases, there is no immediate plan for the government to help hard-hit consumers.
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You got to be joking? – Eskom wins awards despite load-shedding and ongoing wage negotiations
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Stranger things have happened, we guess, but national power utility, Eskom, winning the Most Attractive Employer Award is surely up there with the absurd. Let’s take a look at the accolades they picked up at the ceremony, hosted by Universum Global, in Johannesburg on Monday. The power utility picked up the gold in the category..
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Health tender fraud:- six nabbed
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The Hawks have arrested six officials for alleged fraud and corruption relating to the awarding of tenders at the Northern Cape Department of Health.
The six, aged between 39 and 50, were arrested in various places, including Johannesburg, Bloemfontein and Kimberley on Tuesday in a joint operation with the assistance of the Tactical Response Team.
“The arrest of the suspects follows allegations of gross irregularities in the awarding of various infrastructure tenders without following due processes between 2013 and 2016 at the Northern Cape Department of Health.
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“At least R11m was allegedly shared amongst six companies attached to the six suspects to procure medical equipment,” the
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After a Quarter Century of Black Rule in SA, “Blacks” Still Blame “Whites” For EVERYTHING! When will blacks appropriate accountability, responsibility, duty and honour?
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Despite being in charge and control of everything from Taxes, Budget, Finance, Police, Army, Hospitals, Roads, Municipalities, Councils, Parliament, Judiciary, Customs, etc. etc. the black majority government in South has been unable to do anything more than consume the wealth that whites created prior to 1994.
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