The pension pot in South Africa, one of the largest in the world, could be under threat as government, whose debt is growing every year, looks for new funding sources. IF THIS HAPPENS THERE COULD BE DEVASTATING CONSEQUENCES. This according to the Institute of Race Relations (IRR), which warned of a threat by government to..
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SA pension pot under threat as government, whose debt is growing every year, looks for new funding sources as taxpayers could no longer be squeezed for more money
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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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Eskom’s request to increase electricity granted after poor administrators of SA-regime succumb to unrealistically high demands – annual revenue of the state entity will now increase by R784bn
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The bankrupt power provider of South Africa, who has already stolen billions of rand from the taxpayers’ pockets, once again got its way. The poor administrators of our beloved SA have succumbed and allowed heavy increases to hit consumers in the next three years. The ANC government, under the leadership of the Energy Regulator of..
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SA taxpayers will now have to fork out an extra R9 million over the next three years, in the face of tough economic challenges, to sustain the Zulu King Goodwill Zwelithini’s lavish lifestyle
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The budget for Zulu King Goodwill Zwelithini’s royal household has become a sticking point over the years.
As KwaZulu-Natal’s Treasury continues to trim the fat within the provincial fiscus in line with Finance Minister Tito Mboweni’s austerity measures, Zulu King Goodwill Zwelithini’s royal household budget will see an estimated increase of about R9 million over the next three years, bringing his overall budget allocation to R75 million.
KwaZulu-Natal Finance MEC Belinda Scott delivered the provincial Budget for the medium-term expenditure in the Legislature in Pietermaritzburg on Thursday afternoon.
Over R130 billion has been allocated in the fiscus for the 2019/2020 budget period.
The budget for King Zwelithini’s royal household has become a sticking point over the years, with an outcry over what the money for this item in the fiscus gets used for in the face of tough economic challenges.
For the 2019/2020 budget period, the royal house budg
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ANC Senior received kickback of R300 000 for Jazz-Festival that never took place, costing taxpayers a whopping R28 mil – Heads must role!
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The ANC in Natal’s Deputy Chair, Mike Mabuyakhulu, has filed an application for annulment of corruption charges against him. A jazz festival that never took place in 2012 is in dispute. He approved LUK payment of R28m for which he received a R300,000 bonus. It is unclear why the case has been dragging on for..
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Members of parliament accuse Eskom of holding SA hostage and trying to enforce money from taxpayers who are already suffering from the heavy debt of the ANC government
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Zukiswa Rantho, who led the parliamentary inquiry into Evkom’s problems, made up the former Eskom boss, Matshelo Koko, in parliament as a “servant” of the Gupta’s. She pointed him out as a liar and a possible criminal. Several speakers in parliament once again pointed out that Eskom is holding the country hostage and trying to..
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Why is Telkom donating R1 Million to the EFF? Why are tax payers being indirectly forced to fund this far-left political party?
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Telkom is funded by the state, therefore, funded by you and me through taxes. Furthermore, the state is run by the ANC, this would mean that the ANC is indirectly using our taxes to fund the EFF. What is going on? Article published by EWN below, quote: “Telkom and its Ceo Sipho Maseko received a..
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eThekwini slams those opposed to R20m statues as being against black unity – Taxpayers in Durban will have to cough up for the erection of two new statues of terrorists worth R20m to promote black unity in the province
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Two new statues of terrorists will cost Durban taxpayers R20m. The erection of the statues is alleged to promote black unity in the province. However to the cost of whom? The municipality believe that terrorists Nelson Mandela and Oliver Tambo will be “honored” in this way and will encourage to promote black unity. The previous..
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Millions of Rands of taxpayers money are exploited on State’s funeral burials for so called struggle hero’s to please ancestral spirits while thousands of citizens are living in poverty
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At the rate that ANC’s “stalwarts” are now dying, local governments and the state will be spending a lot of money for burials and funerals. Every ANC member now dying is considered a “struggle hero” and “deserves” a state funeral. African funerals are accompanied by generous refreshments and the traditional rituals that must be completed..
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With the ANC regime in power in SA there are at least 24 municipalities under administration, all due to general incompetence of officials
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At least 24 municipalities are under administration. This is the result of poor financial management, the inability to reduce debt and general incompetence of officials. Add fraud and bribery to the list and a council is doomed. Reports state that 87 of the country’s 257 municipalities are currently dysfunctional. We can’t blame taxpayers for being..
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SAPS promotions will cost taxpayers nearly R650 million – Sixteen of them are now dead, but that won’t be standing in the way of their police careers and six have already been fired from the SA Police
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(Citizen reports:) Some former ‘anti-apartheid soldiers’ who are now in line for handsome increased salaries weren’t even alive during apartheid. Trade union Solidarity on Wednesday revealed further damning evidence that proposed promotions for police officers who ostensibly fought in the struggle are highly questionable, given that so many of these officers in line for more..
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What a shock, look here how much the municipal top management earn, and you are paying them:- The ‘Fat Cats’ of this country’s Municipalities
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Senior municipal managers, those in charge of high ‘ranking’ areas, will indeed earn more than President Cyril Ramaphosa.
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ANC regime exploiting taxpayer’s money more and more – Treasury writes off R23 billion, SAA will get more money
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The Treasury has announced that it has written off almost R23 billion of government’s SA investment. In the previous financial year, R13 billion was written off and Treasury expects SAL to show losses until 2020. According to economists, it is clear that state-owned entities are exploiting taxpayers hard earned money and that these enterprises are..
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Your tax money will once again be used to pay the large salary packages of SABC managers – a propaganda institution of government
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The bottomless pit of state entities is becomes deeper and deeper, and the state has to pay more money to the SABC for its survival. Even more amazing is that parliamentarians have approved the request! There are concerns about the big salary packages and the large number of managers. Again, there is no amount linked..
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Government spend Half a million on braai areas for ministers that is funded with taxpayers money
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The department is said to have about 148 ministerial houses that cost anywhere between R4m and R9m. Themba Godi, who is the chairperson of the Standing Committee on Public Accounts (SCOPA), made it clear on Tuesday that taxpayers could not possibly be expected to foot the bill for the expenditure. The SCOPA revealed that the..
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