Business confidence remains weak and under pressure. It is therefore gratifying that the SA Chamber of Commerce and Industry (Sacci) is finally putting its finger on the problem by referring to the ongoing policy of political appointments with municipalities and state-controlled entities (SOE). Sacci appealed to the ANC government to ensure that state-controlled entities should..
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Political appointments cause malfunctioning at Municipalities and SOEs, SA Chamber of Commerce and Industry’s confidence drops
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Parasitic Parastatal Eskom, paralysing SA as the country runs out of money. Unless considered action is taken, not just talk – South Africa remains on the brink of destruction
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When Finance Minister Tito Mboweni on Tuesday told MPs government would have to review its funding requirements, he put into financial jargon that, actually, South Africa’s running out of money. And Eskom is to blame, in the main. Bluntly put, Tuesday’s Special Appropriation Bill is scraping together R59-billion extra for Eskom — that’s in addition..
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State Treasury plundering continues – your tax money will fund Eskom with a further R59bn
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Eskom will receive a further R59bn bailout over two years from the government to keep the bankrupt power provider standing. This follows the R69 billion already approved for a three-year period. Eskom’s debt currently amounts to R440bn and is considered the biggest risk to the South African economy. How much money is still to be..
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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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