The Untouchables in a Gangster’s Paradise? Is it reasonable or ethical to make use of companies that do not consider themselves to be held accountable, for their actions in any private or public enterprise? While Big Tech has become seemingly untouchable, even from the US Supreme Court or Whitehouse, the same culture of supremacy, greed, lack of accountability, lack of transparency, and lack of responsibility seems to have created and sustained an environment in South Africa where IT negligence is acceptable, and lack of accountability is the norm, even when it comes to government institutions, contracts and tenders.
Has Corporate SA Been Infected by ANC Corruption, Greed & Negligence? Dimension Data NTT Case Study
Communism FAILS Again! Another ANC BEE Milk Farm Collective Ends in Disaster, Despite (or Because?) R43 Million of Our Taxes Being Given To Them!
Posted on Leave a comment
Hundreds of cows dying from neglect has been termed “a challenge” by the MEC for Agriculture in the Eastern Cape, Nonkqubela Pieters. What normal people would call animal abuse, the socialists (sociopaths?) call a challenge? It is becoming patently clear that Ramaphosa’s “our people” simply cannot, or do not want to farm, they just want the cash handouts and free stuff that comes with all these disastrous virtue seeking schemes. The milk farm financed by the state to the tune of R43 million, as a much publicised empowerment project for “our people”, has collapsed in the Eastern Cape, leaving most of the cows dead and not much going on besides the odd sickly cow wandering about.
SA-News has reported about many of these totally failed, lavishly funded state farms, which were intended to run on a socially engineered communist collective farm model – in other words where a f
Continue reading…
Zuma’s Nkandla is Nothing Compared To Ramaphosa’s Pension Grab! Transnet Pension Debacle 2.0 Will Impoverish Twice More Blacks Than Whites & Will Encourage More Eskom Corruption!
Posted on Leave a comment
#PensionCapture – As certain as we were told by mainstream media that there were WMD’s in Iraq, Ramaphosa’s proposed pension plunder will also be propagandised into appearing as a good idea by the establishment, who will frogmarch South Africa into allowing them to steal from the many, to give to themselves and their cronies. There are also two silent partners pushing this scheme, namely the banksters, who stand to make serious commissions, and also rescue their bad loans to a bankrupt Eskom, and possibly extend this plunder to other bankrupt parastatals (who they also lent money for), once they have pried open the door to SA’s last pot of gold, and then of course there is the ANC’s ever present shoulder parrot, the South African Communist Party, who is never far.
One of the Establishment’s complicit yesmen, News24’s Editor, Adriaan Basson, wrote an article which appeared in Naspers’ left wing News24, in which h
Continue reading…
#CelebrityDespots Why Do Black Eskom Workers Love Brain Molefe, Who Helped Guptas Plunder Transnet & Put Eskom R450 BILLION in Debt & Was Paid R2 Million a Month Pension?
Posted on Leave a comment
AFRICANS LOVE THEIR DESPOTS: Black Eskom Workers who are members of the Government Pension Scheme and the powerful COSATU trade union, are allowing (unwittingly or not) Cosatu to allow the ANC regime to grab R254 Billion from their own pension fund, the GEPF, and they even supported Brian Molefe, ex Eskom CEO, who helped the Guptas put Eskom into R450 Billion debt, with song and dance!
Reminiscent of the poor downtrodden Zimbabweans, who despite being oppressed and fleeced by Mugabe, still hailed him as the “Lion of Africa”, the jubilant crowd consisting of hundreds of black Eskom workers, welcomed Brian Molefe back to Megawatt Park after he was appointed Eskom CEO for the second time back in May 2017.
His re-appointment followed after his quickly arranged 3 month stint as Parliamentarian. Molefe was already well known as the chief Gupta enabler in his positions as Transnet and Eskom CEO at the time of his thunderous welcome back to Megawat
Continue reading…
Transnet wasted almost R50 billion, most of which is used to buy trains that cannot be used in SA
14 SOEs rack up more than R1.4 billion in irregular expenditure
Posted on Leave a comment
Auditor General (AG) Kimi Makwetu said not one of the 14 big state-owned entities (SOEs) audited by his office received a clean audit, a poorer outcome than last year.
Makwetu was revealing the results of the national and provincial audits for the past financial year at Parliament on Wednesday. He said the financial health of SOEs remained under significant pressure with doubts about whether they could continue operating without further financial help from the government.
Makwetu said the 14 SOEs notched up R1.4 billion in irregular expenditure but warned this figure could rise as four of them – Denel, the SABC, SA Express and the SA Forestry Company could not make full disclosure on this.
Meanwhile, irregular expenditure racked up by Transnet (R49.9 billion) and Eskom (R6.6 billion), who have private auditors, amounted to R57 billion.
“The SA Post Office, for example, has slipped back to a qualified opinion and the Development Bank o
Continue reading…
Trade unions are rejecting ANC’s plans to sell non-performing SOE’s
Posted on Leave a comment
All indications are that the ANC is prepared to execute the Tito Mboweni plan and sell the non-performing entities.
For the ANC it is like swallowing a prickly pear with thorns and all, because it is a testament to their inability to run certain entities profitably.
The Ramaphosa government faces an enormous fiscal dilemma, and the sale of various entities will not only be humiliating, but will also leave many ANC senior workers unemployed when private entities take over the entities.
However, the question is whether Cosatu and other unions will agree to such a move, knowing that their own members may lose their jobs because it is known that the state entities are not profitable because too many people are employed was taken.
Institutions such as Denel, SAA, Eskom, Transnet, and various other entities are likely to come under the “selling spotlight” when negotiating with the unions that will oppose the idea.
Only in SA and probably a World First! – Prasa Train worth R50 Million was stolen in Umkomaas on Natal South Coast
Posted on Leave a comment
A train belonging to the Passenger Rail Agency, a division of Transnet, was stolen from the Umkomaas railway depot and driven to Ilfracombe Station.
The two thieves whom stole an empty commuter train from a depot , took it on a 12km joy ride from eMkhomazi to Umgababa on the KwaZulu-Natal South Coast, leaving security guards shocked and embarrassed. The incident, left Prasa red-faced and investigating how the two men tricked the guards.
The two suspects allegedly drove the train all the way to Umgababa, and when it stopped they jumped out and fled into a nearby forest while being pursued by security guards.
According to an employee, who asked not to be named, the train only stopped when it lost momentum in an uphill area.
Another Prasa employee, working on the railway line at the time of the incident, expressed her shock.
In a social media post, the employee said she believed those behind the train theft were whoonga addicts.
Nedbank pockets R780m from the parastatal Transnet -Nedbank is the latest in a long list of private sector companies to be implicated in state capture
Posted on Leave a comment
The banking sector will be rocked by allegations of corruption this week, when Transnet tells the commission of inquiry into state capture about Nedbank’s involvement in a controversial deal which saw the bank pocket R780 million from the parastatal.
This week, Transnet’s acting chief executive, Mohammed Mahomedy, will appear before the state capture inquiry where he will detail how Nedbank made R780 million after changing the interest rate terms of a multibillion-rand loan three days after making the loan.
Mahomedy replaced Tau Morwe, whose six-month contract was not renewed when it expired early this month. Nedbank is the latest in a long list of private sector companies to be implicated in state capture.
Mahomedy’s statement shows that in August 2014, Transnet started negotiations for a R12 billion syndicated loan to finance the acquisition of the controversial 1 064 locomotives.
The loan is broken down as follows: Bank of China
Continue reading…
Relatives of ANC leader named as firm comes clean:- Jessie Duarte’s son, ex in kickback scandal
Posted on Leave a comment
A company that scored tenders worth millions of rands from state-owned enterprises diverted money meant to fund supplier development programmes to ANC deputy secretary-general Jessie Duarte’s family members in return for them assisting it to snatch more state business.
Combined Private Investigations (CPI), a company that was previously found to have spied on journalists and politicians, among them Peter Bruce, Rob Rose and Trevor Manuel, has told law-enforcement agencies that it paid more than R40m in two years to a group led by Gupta associate Salim Essa. The group included Malcolm Mabaso (a former adviser to former minister of mineral resources Mosebenzi Zwane), Duarte’s son Yusha and her ex-husband John Duarte.
The monies were not paid to them directly but to two Gupta-linked companies – Homix and Chivita – and two other companies, Forsure and Medjoul.
CPI had contracts with Eskom and Transnet.
The company said
Continue reading…
South Africa in shambles: Did somebody say it’s a “Sh**hole”?
Posted on Leave a comment
Mzansi has hit rock bottom and the ANC GOVERNMENT is the cause of this all.
Ok so Municipalities cannot pay salaries, SABC cannot pay salaries and is bankrupt, Denel cannot pay salaries and is bankrupt, Transnet is bankrupt, SARS is running in a minus, SAA cannot pay salaries and is bankrupt, Escom is Bankrupt, Telkom is also going down, SANDF has no more funds and is in shambles, our Government Hospitals don’t even have money for bedding and our whole health system has collapsed, our police force don’t even have vehicles to go out to a crime scene and most of police officers are the actual criminals.
Nearly every minister in the ANC Government has been involved in corruption , bribery and mismanagement of taxpayers funds. Unemployment is the highest it’s ever been in the history of our country, our education dept has run out of funds and crime is out of control.
People have been put into power who earns millions a year but are as dumb as
Continue reading…