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 Treasury plundering continues – your tax money will fund Eskom with a further R59bn
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Just something to think about with regards to SA taxes that will leave you shocked!
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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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Influence of Zuma and the Guptas is still sinking government entities – Denel struggles to pay salaries
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The weapon manufacturer Denel could not pay his senior management’s full salary at the end of September. Denel needs urgent funding and financial assistance and will probably be helped by treasury with tax money to continue production. The influence of Zuma and the Guptas is still having a great influence on state entities and are..
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