Taxpayers should not foot the bill for ANC government’s failures. We need to look deeper into our system of government, and how we allocate risk and reward, responsibility and accountability. At this moment, if you earned R100, you pay R33 income tax. You are left with R67. You buy R67 worth of fuel, pay 48%..
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Just something to think about with regards to SA taxes that will leave you shocked!
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ESKOM gives a US company a blank cheque, and they are cashing it in for a whooping R13bn
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The US company that designed the extremely flawed Kusile Power Station in Mpumalanga was given a blank cheque by Eskom, which it cashed in to score R12 billion. Despite the fact that the engineering consulting firm Black & Veatch, which is situated in Kansas in the US, delivered shoddy work that continues to hobble Kusile’s..
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The corrupt ANC government plans ‘could collapse pension funds, with pensioners dying poor’
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The party’s manifesto hints at targeting pensions through prescribed investments, ‘which will see half the population’s money used to bail out failing entities like Eskom’. The prescribed investments for pension funds hinted by the ANC in its 2019 election manifesto could lead to the collapse of South Africa’s pension funds and pensioners dying poor. Explaining..
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Natasha Mazzone (DA) fears Eskom could plunge SA into a “Chinese debt trap”, China is already taking countries for bad debts
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The revelations about Eskom are pouring in from the state capture inquiry. Natasha Mazzone believes their secret deals with China are “risky business”. We’ve experienced a shuddering last few days at the state capture inquiry. Former Eskom executives who were present when the rot of corruption set in have lifted the lid on some pretty..
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ANC Achievements after 25 years of governing South-Africa
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Vote ANC: We have increased the crime rate, poverty, unemployment and corruption Welcomed the Guptas, gave them citizenship, and allowed state capture We allowed the Marikana, Esidimeni and VBS bank scandals to occur Our cadres assisted in messing up our schools, health and municipal services, the SABC, Eskom, Prasa, SAA, Armscor, Transnet and other SOE’s…
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Gordhan hires “specialists” to investigate unplanned rolling blackouts at Eskom’s, however the problems are largely due to inexperienced staff not having the ability to do the work according to requirements
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Gordhan hires 11 “specialists” to tend to Eskom’s problem, however the unplanned rolling blackouts is largely due to inexperienced staff in-service, and lacking the ability to do the work according to requirements. Minister Pravin Gordhan has appointed eleven industry specialists as the “Eskom Technical Review Team”. The coordinator is Dr Tsakani Mthombeni, chair of the..
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Widespread corruption and mismanagement are the order of the day at KZN municipality – Eskom debt amounts to nearly R50 million – Municipalities under the control of the ANC are folding, one after another
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The ANC’s “policy” to make the country ungovernable is producing vigorous fruit. The Abuqulusi municipality (Vryheid) owes Eskom just short of R50 million. Widespread corruption and mismanagement caused the council to be placed under administration. Suddenly, the Natal Department of Co-operative Awakened Government and Traditional Affairs and stated that they were “stunned” about the state..
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Blackouts A Sign Of Growth! Deputy President Mabuza, Run That By Me Again??
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Deputy Minister David Mabuza, South Africans thank you for their Daily Joke but how do you expect the country to have faith in government, really now, did you think before you speak? “Shortage of electricity is a sign of growth” – says David Mabuza at National Assembly This is what happens when you try to be clever..
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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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Guptas at it again – workers unpaid but lavish R100m double wedding planned – most likely funded by the ANC-regime?
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The Emirates Palace hotel in Abu Dhabi where the Gupta family are reportedly hosting a lavish double wedding in February 2019. The Guptas are reported to be hosting a lavish double wedding at a palatial hotel in Abu Dhabi. The AmaBhungane Centre for Investigative Journalism published a nine-page wedding invitation on Friday and said the..
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There you have it! – Chinese Bank Takes Absolute Control Over All Eskom Power Stations In South Africa If Default In Payment Plan Transpires
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In another huge loan of 33.4 billion rand the Chinese Exim Bank (Export-Import Bank of China) will take over the Eskom Facility Plant in South Africa. This was announced by a recent tweet from Exim Bank. Eskom is a South African electricity public utility, established in 1923 as the Electricity Supply Commission. Eskom operates a..
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Lies, Lies and just more lies! It is absolutely sickening how Ramaphosa is deceiving the world by telling foreign investors at Davos that law and order are recovering in the SA, but in the same breath does not mention anything about the 50 killings that take place daily
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The ANC president, Cyril Ramaphosa, announced that plans to stabilize Eskom would be announced within “a few weeks”. According to him, the power supply is therefore unstable. However, he has not expanded what the plans are to pay off the R420bn debt. He also boasts in Davos that law and order are recovering in the..
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To start the new year ESKOM appointed new senior management staff, but is the load-shedding holiday over?
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Eskom intensified its plant maintenance and fast-tracked the recovery of stock levels from December 13 to January 13, when there was a low demand for electricity.
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Foolish decision by controversial municipal manager sends off a major disaster, can it be attributed to corruption or incompetence to make decisions wisely?
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The overall bankrupt municipality of Fetakgomo Tubatse, which includes towns of Burgersfort, Ohrigstad, Steelpoor, made the foolish decision to dismiss an existing contractor who asked R500,000 to wire homes for electricity. Instead of the company, a new contract was accepted where Eskom would do the job at a huge R9.8m. Patience Busane, the controversial municipal..
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More borrowing, Eskom secures R1.5 billion loan from French Development Agency, they are so deep in trouble, how on earth will they pay it back?
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The utility’s Group Chief Executive, Phakamani Hadebe, said the multi-tranche loan facility will contribute to Eskom’s plans to strengthen and refurbish the transmission infrastructure.
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