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State Treasury plundering continues – your tax money will fund Eskom with a further R59bn

Posted on July 23, 2019 Leave a comment

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 deposited in the entity is not known, but economic experts agree that Eskom will never get rid of the debt itself.

-Vryburger / 2019-07-23
This report does not necessarily reflects the opinion of SA-news.

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Just something to think about with regards to SA taxes that will leave you shocked!

Posted on March 11, 2019 Leave a comment

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% of taxes and levies on that fuel. R32. So from the R100 that you earned, you payed the government about R70 and kept R30. And if you spend that R30, 15%, R4.50, is VAT. And what did the government do with all your money? Nothing really except squandering it on everything except creating real value. Then they target you with racist legislation and blame you for the mess they created. And when you comment and ask questions in the media you’re branded a racist and unpatriotic and negative and should rather leave the country.

SA is currently facing a challenging time, with persistent issues in the economy weighing things down. A constrained b
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