Posts tagged with 'expenditures'

 

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 municipalities are suspected of being guilty of corruption and mismanagement, and it appears the municipalities of, among others, Piet Retief, Lydenburg, Carolina, Balfour, Volksrust, Ermelo, Standerton, Middelburg and Delmas and three location municipalities are in danger .

According to a report by the Auditor-General, about R2 billion of expenditure was incurred unlawfully among the municipalities, and more than R236 million was a mere waste of funds.

Of all the illegal expenses, one particular case was pointed out in excess of R5 million paid for repairing a road that does not exist at all.

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Money Robbed from VBS Mutual Bank: detailed account of how EFF leader Julius Malema’s lifestyle, business prospects and political aspirations were funded

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ONE. The lifestyle, business prospects and political aspirations of EFF president Julius Malema were funded from the R16.1-million robbed from VBS Mutual Bank and paid out to Sgameka Projects, the company of the brother of EFF deputy president Floyd Shivambu, Brian.

Malema’s share of the loot was R5.3-million and it was dumped into his slush fund, Mahuna Investments. Malema spent the VBS money on clothing from Gucci and Louis Vuitton, groceries from Checkers and Woolworths, the Polokwane party venue Mekete Lodge, the house he once rented in Sandown, Johannesburg, as well as on accommodation and travel costs between EFF events. The name of his eldest son appears in the bank statements relating to school fees, and a trust named after his second son also received a small amount of VBS money. And yes, a big chunk of VBS money was used for the benefit of the EFF. Over 40% of the transactions Scorpio analysed further show the bank card followed Malema around the
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ANC regime is going to throw more money funded by taxpayers into the bottomless pit of Eskom, amounts are unknown

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Amidst many promises and assurances before the general election, the lies have triumphed again, as Eskom seems to be getting more money from the government.

Stubborn reports indicate that an Eskom delegation has visited the ANC’s president, Cyril Ramaphosa, and some of his cabinet members, and talks have been held in Genadendal.

Unconfirmed reports state that Ramaphosa has over-emphasized the importance of Eskom for the umpteenth time, as if alternative solutions do not exist.

Eskom has already splurged billions of rand, a large part of which “has landed in the sewer ditch”, and with the unprecedented and unfair tariff increases approved, it remains inexplicable to taxpayers why the government is again willing to put money into Eskom’s bottomless pit.

Although amounts are not mentioned, the ANC precedent confirmed that further assistance to the power provider was in principle approved.

-Read the original art
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Election cost taxpayers billions of rand, SA’s struggling economy has taken a step closer towards junk status

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Apart from the fact that taxpayers had to foot the bill for the state’s expenses, the amount of which is unknown, but has amounted to millions. The recent election has pushed the struggling economy another step closer towards junk status with the tremendous expense of political parties.

The ANC spent more than one billion in its effort to remain the country’s ruler, while the other 47 political parties spent just over one billion rand together.

Political analysts say the waste did not show who convinced voters to vote for another party, and there were few changes, except that the FF Plus strengthened its position considerably, and so did the Malema party.

As if the struggling economy is being taxed even further, the ANC wants President Ramaphosa to boast of his inauguration at the Loftus Versveld rugby stadium where about 45 thousand of his supporters can see it.

Read the original article in Afrikaans on Die Vryburger

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ANC cannot govern or grow the economy of South-Africa, the 25 years of destruction proves this fact – Only a change in government can rectify the situation

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During the Parliamentary debate on Fiscal Framework 2019/20: Over the last quarter of a century, the ANC has shown again and again that it cannot govern or grow the economy. Only a change in government can rectify the situation.

Until that happens, all attempts to cut state expenditure, like the announcement about reducing the salaries of Members of Parliament and provincial legislatures, are welcome. However, attention must also be paid to the system of salary increases and automatic performance bonuses paid to the senior management staff of all state departments. It must also be restricted seeing as it is a real problem.

The FF Plus says that the Cabinet must be made smaller and that the number of state departments must be reduced. The fast-growing wage bill must also be reduced by all means possible. In addition, there must be a spending ceiling that leaves no room for unauthorised expenditure.

Economic growth must be stimulated. Without it,
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ANC-regime is blatantly misusing our money on its own election campaign, the Free State SOPA expenditure is going to cost the taxpayer more than R2 million

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The Free State’s State of the Province Address (SOPA) will probably cost taxpayers more than R2 million. The greater part of the expense was not budgeted for nor planned and yet the money has already been squandered without the necessary approval.

The extravagant expense becomes even more unacceptable and fruitless when one takes into account that there will be another SOPA after the elections later this year.

The ANC is misusing taxpayers’ money by furthering its own election campaign with official government functions.

This year’s SOPA, which will be held on Tuesday at the University of the Free State’s Vista campus, will once again be characterised by excessive expenditure. The service provider’s fee for organising the event currently amounts to approximately R1,8 million.

This amount excludes the fee for hiring the main venue (R156 000) as well as the fee for hiring a separate venue where nearly 1200 delegates will enjoy a l
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