Posts tagged with 'mismanagement'

 

#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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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 for some reason Adriaan Basson now supports the plan to plunder your pensions!

Far left liberal Adriaan Basson, changed his position on pension capture in little over 2 weeks: On 10 February, just before the budget speech, Basson wrote the following in a News24 column and we quote: ” I do take issue with their opportunistic flirting with a plan that can only be to the detriment of the thousands of pensioners whose livelihood depends on the GEP
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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 it is in business rescue, it is going to explode on itself and South Africa.

Asking in court documents that taxpayers should finance R1,8 billion in performance bonuses does not fall within a framework of crisis thinking. We did not have access to the documents, but if they ask for R1.8bn worth of performance bonuses to be financed, it is wrong. Eskom’s bonus policy states that bonuses will only be paid out if the company makes a profit. The policy is also applied in this way. Our members have not received bonuses for the past two years. It is common practice in all companies for bonuses to fund themselves. It should be that wa
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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 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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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, and will try to stop the loopholes.

Observers wonder if action will be taken against those who have deliberately stole at the department, or will the eventually be redeployed in other sectors like normal ANC practice.

-Read the original article in Afrikaans in Vryburger / 2019-07-17
This report does not necessarily reflect the opinion of SA news.

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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 and that only a small percentage of the councils received a clean audit report caused by incompetent councils and mismanagement of funds.

-Read the original article in Afrikaans on die Vryburger
This report does not necessarily reflect the opinion of SA news.

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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 in the job, saying his turnaround strategy for the loss-making airline was being undermined by a lack of state funding and too much bureaucracy.

SAA has not made a profit since 2011 and Jacana launched a five-year turnaround plan that includes slashing costs and cancelling unprofitable routes, requiring around R21.7-billion in cash injections from the government.

“We are currently operating at a loss and that is the background to the request we’ve made for R4-billion of support for the current financial year,” board member Martin Kingston told a news briefing.

“We are in d
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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, indicating that municipalities across South Africa will now face a 15.63% tariff increase from Eskom following continued tariff negotiations between Eskom and the energy regulator,” said Mashaba.

“This is after Nersa had initially granted Eskom a hike of 9.41%, 8.1% and 5.2% for the next three financial years, below Eskom’s application for a 17.1 % hike for 2019/20, 15.4% for 2020/21 and 15.5% for 2021/22.”

Mashaba said the Nersa decision means that the City of Johannesburg, like many other municipalities, “will be forced” to increase tariffs on electricity.

“Despite the City P
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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 a growing middle class. But the opposite happened.

Under ANC leadership, the state coffers were looted, cadres stole all the state assets that they could get their hands on and crime got out of control. Many South Africans’ daily existence is pure hell and most people are faced with uncertainty. How did we get here?

Once upon a time, there was a dream that South Africa would be a leading light showing the world how to successfully manage a complex and diverse society. But now our own lights have been turned off. How did we end up here?

We ended up here due to the ANC’s mismanagement. The ANC shattered that dream. The reas
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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 of the municipality.

Read the original article in Afrikaans on Die Vryburger

This report does not necessarily reflects the opinion of SA-news.

 

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