Public Enterprises Minister Pravin Gordhan yesterday unveiled the government’s latest blueprint to kickstart Eskom, which proposes major shifts in the ailing entity’s business model. Politicians, as well as political analysts and financial experts are disappointed in the plan, whose content can be vague and probably poorly implemented, as announced by the minister. Not only did..
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Eskom which is battling with R441 billion debt, won’t be privatized – ANC-regime’s plan to save the power supplier from ruin disappointing
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This is totally unbelievable!– Units at all twelve of Eskom’s oldest power stations have ceased functioning – Can it get any worse?
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Units at all twelve of Eskom’s oldest power stations have ceased functioning, which means that more than 17,000 MW’s are loss. It is even more than 15,000 MW in 2015 when load shedding was introduced and lasted for months. Medupi and Kusile design problems alone will cost R345 billion to restore, and Eskom does not..
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SARS financial position is in a state of total chaos due to corruption, now the entity is seeking tax evaders to restore the disastrous situation
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SARS intends to find 300 000 companies for non-submission of their tax returns. More than 500 000 new companies were registered in the past financial year, of which the vast majority did not submit returns. With this effort, SARS aims to promote its income. Experts say it’s going to be an uphill battle for SARS..
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