One of the reasons left wing liberals are called snowflakes is because it does not take much to make them melt and give up any reason or principle, and like a snowflake hitting the warm ground, the controversial far left wing Editor of News24, Adriaan Basson’s feelings towards “thousands of pensioners whose livelihood depends on the GEPF”, quickly melted and turned into a callous “We have run out of money and options – pensions will bail out Eskom”. Seems Adriaan Basson now supports the plan to plunder your pensions!
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#BoycottNews24 Liberal News24 Editor Adriaan Basson Capitulates To ANC / COSATU Plan To Raid Your Pensions To Pay Eskom’s Corruption & Mismanagement & Soweto’s Unpaid Bill!
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Solidarity: Eskom is in crisis due to years of looting, mismanagement and race obsession; asking taxpayers to fund R1.8 billion in performance bonuses is wrong
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Eskom is in crisis and should be treated as a crisis. The company is hopelessly bankrupt and operationally fragile due to years of looting, mismanagement and race obsession. The new CEO, André de Ruyter, has to be given comprehensive powers similar to that of a business rescue practitioner. If Eskom is not treated as if..
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Ramaphose’s dreams on new job creation opportunities are not taken seriously – bigotry and mismanagement go hand in hand amidst the ANC-regime
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With the announcement of President Cyril Ramaphosa that a new business venture in Pretoria would lead to the creation of 6,700 new jobs, no one really got excited. Even the credit rating agency didn’t care, because nothing could make the nearly 30 million unemployed cheer as a drop in the bucket. Of course, there will..
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The South African story – How to destroy a country
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South Africa is on a path of destruction and is on its way to becoming an “unhappy country” like Zimbabwe and Venezuela. This is the view of Efficient Group founder and chief economist Dawie Roodt, who was speaking at an event hosted by the Free Market Foundation. Roodt said that while unhappy countries – where..
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12 Municipalities in the Eastern Transvaal are under suspicion of mismanagement and corruption – R2 billion worth of wasteful expenditure incurred
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The Zondo Commission, which raises millions of rand from the state treasury, has now had to shift its focus to the Eastern Transvaal to hear evidence of corruption and state capture in state-owned entities. Corruption in many municipalities in the province, as well as mismanagement and maladministration, seems to have been addressed. At least 12..
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Water and Sanitation Ministry run under a cloud of large-scale financial mismanagement by ANC cadres who knowingly robbed the department of much needed funds
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Lindiwe Sisulu, the new Minister of Water and Sanitation, acknowledged during her budget debate in parliament that her department is living under a cloud and that “major financial mismanagement” has occurred by top officials. She apparently undertook to reverse the situation as soon as possible. She can’t understand that so much money has been lost,..
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Employees of thirty municipalities may not receive salaries due to a shortage of funds – caused by lack of skill of councils and mismanagement of funds
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It appears that thirty municipalities do not have enough funds to pay their workers at the end of June. This causes medical aid, pension contributions and other policies to fall in arrears and workers are at risk of discontinuing benefits from providers. The latest report shows that municipalities struggle with debt over billions of rand’s..
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SA taxpayers to fund yet another government bailout – Cash-strapped SAA requests R4bn to survive current financial year after years of mismanagement and corruption
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South African Airways (SAA) appointed its head of operations as acting chief executive on Friday and said it needs R4-billion from the government to survive the current financial year and allow it to renegotiate loan terms with banks. Zukisa Ramasia becomes interim CEO after Vuyani Jarana unexpectedly resigned on Sunday, after less than two years..
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Eskom Corruption being ‘rewarded’ with 15.63% tariff increase – SA consumers now have to suffer but those responsible for the corruption and maladministration “continue to roam free” without any consequences for the actions
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Municipalities across SA will now face a 15.63% tariff increase from Eskom, approved by Nersa. Mayor Herman Mashaba on Tuesday issued a statement in which he claims the National Energy Regulator of South Africa (Nersa) has rewarded corruption at Eskom with a 15.63% increase in tariffs. “The City has noted the disappointing correspondence from Nersa,..
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The ANC’s end is near – After 25 years of ANC rule, South Africa is on the verge of utter ruin
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Growing and transforming South Africa together from an apartheid state to a thriving democracy”. South Africa is, in every practical sense, a failed state. This is what the ANC government has done to the country over the last 25 years. South Africa should have been a country with a strong economy, work for all and..
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PIC blows millions of of taxpayers money on selected members – embezzlement and corruption are once again the order of the day – tax payers are coughing UP and corrupt ANC members are wasting it
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The former Head of Risk and Compliance at the Public Investment Corporation (PIC), Paul Magula, testified before the PIC’s Commission of Inquiry on how millions of Rands have been spent on a few select members of the corporation. Dan Matjila, the former Chief Executive Officer of the Corporation, once again stands in the trough of..
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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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Collapsing infrastructure highlights ANC government’s incompetence
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The ANC cannot be trusted. Not with South Africa’s valuable natural resources like water and certainly not with the public’s hard earned tax money. Just as billions of rands are stolen every year, billions of litres of water are lost due to poor maintenance, mismanagement and skewed priorities. Over the last financial year, 113 billion..
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SAA airline finds itself in a perpetual debt trap that it just can’t escape from without government bailouts – all this because of incompetent ANC politicians, mismanagement and corruption
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There’s a lot to take in with this story below of what could potentially become a massive crisis for the South African fiscus and taxpayer. In a telltale sign, suppliers to SAA are slashing their payment periods from 21 days to 7 days amid fears of a total collapse in the airline’s finances. This alone..
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South Africa is in shambles since ANC- regime is totally incompetent to work with money, spending more than R296 million of taxpayers money unnecessarily over the last five years
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The Auditor General found that government has wasted at least R296 million at national, provincial and local government levels over the past five years. Unauthorized, irregular, fruitless and wasteful expenditures incurred resulted in huge money losses the last years. There was a 121% increase in irregular expenditure, and a 68% increase in unauthorized expenses. About..
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