Posts tagged with 'salaries'

 

ANC Party No Longer More Important Than Self or Country? Despite Billions of Corruption, ANC Party Can’t Pay Salaries and Could Miss Election Deadline

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Live by the Strike, Die by the Strike – Despite Billions amassed by the corrupt ANC leadership, the ANC Party can not pay it’s staff, who are now on a Go Slow strike. Even the possibility that their candidates might not be able to register in time for the election, is not enough motivation for them to put a hand in their own ill gotten gains. This proves that the ANC leadership’s priorities lie in self-enrichment and not the ANC Party or the country.

The ANC runs the risk that its candidates will not be registered by the Election Committee (IEC) deadline of 23 August, for the municipal elections, as party staff refuse to work overtime and weekends, due to outstanding salaries and other benefits.

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SAA crisis becomes ANC nightmare – No banking institution wants to borrow R2 billion for bankrupt government-controlled entity

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The competition to get SAA free will now begin, which the weakest state-controlled entity now has literally no value.

The government’s inability to live up to its promise and make another R2 billion available to SAA as the largest rescue buoy has now made the entity very shaky.

Salaries for January can still be paid, but after that it will struggle, and in the meantime Minister Tito Mboweni is trying to convince all the bankers in the country to borrow the R2 billion.

Approximately 12 flight routes were abolished, destroying thousands of people’s travel plans and those who were prepared had to be content to get on with Mango Shipping.

A week of complete chaos is over, but the outlook for this week is as bleak as it was last week.

According to press reports, it appears that many ANC members of parliament are in favor of liquidating the SAA to lighten the load on the state coffers.

Now, a new shipping company is considering, “what with a much better bus
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SAA’s wings cut – bankrupt SOE can only pay salaries in January

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The bankrupt, state-owned SAA airline company will manage to pay its staff salaries for January, but that’s where it all ends.

With a bankrupt government failing to fulfill its pledge to pump another R2bn into the soe, it looks as if SAL will not remain standing.

The airfreight company faces three serious problems, and the solutions to this are vague and unclear, as different measures could not create a better situation.

The SAA needs at least R2bn to get its planes up, but with the many cancellations it has had to announce, its passengers are becoming less and less and profitability is becoming almost impossible.

The government’s inability to borrow R2 billion from any banker in the country has failed, which is now seen as a vote of no confidence in the financial approaches the regime is following.

It can inflict a final blow.

The large number of workers who should never have been hired is another reason why the state-run entity is faltering in the a
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Expensive mistake due to incompetent officials – Municipality pays R18m in salaries twice – but workers refuse to give it back

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A cash-strapped Mpumalanga municipality may need pickaxes and shovels to recover about R18 million in salaries that were paid twice to its employees last month.

An error by officials in the Nkomazi Local Municipality’s finance department saw workers getting paid their salaries on the 15th instead of the 25th.

When the council decided not to pay the workers on the correct pay day, 10 days later, the workers shut down all water treatment plants and other municipal services.

The council bent over backwards and paid the bonanza to contain the service delivery chaos.

Now it wants to recover the money before the end of the 2019/20 financial year in June next year and has suggested deducting 20% from the employees’ salaries, but the workers are having none of it.

City Press understands that there might be another shutdown in municipal services if the deductions are implemented on Monday as workers are looking forward to a bountiful festive season from their
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Pravin Gordhan says cash-strapped SAA may have no money for salaries this month

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Minister of Public Enterprises Pravin Gordhan has warned that, while two unions at SAA are demanding salary increases for members, the airline might not even be able to pay any salaries at the end of the month.

The minister was speaking at a Parliamentary briefing on Wednesday. The meeting was called for feedback on power utility Eskom, but Gordhan – who met with unions on Tuesday – also made some remarks about SA’s cash-strapped national airline.

The minister said the strike was worsening the airline’s financial crisis. “SAA doesn’t have enough cash to possibly even pay salaries at the end of the month,” he said. “Not only will people not get increases but they might not even get their salaries,” he added.

Members of the National Union of Metalworkers of SA and the SA Cabin Crew Association have been on strike since Friday over wages, proposed job cuts and the demand that more workers be insourced.

On Wednesday afternoon Numsa and Sacca were at dispute r
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Bankrupt SABC gets R2.1 billion bailout to continue mismanagement, CEO receives excessive amount of R3.9 million for 9 months of work

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Communications Minister Stella Ndabeni Abrahams has just announced that the SABC will receive R2.1bn as part of a R3.2bn bailout. The ANC regime is pumping billions of rand into the ineffective SOE and has now been warned that no further aid will be provided.

The struggling national broadcaster once again got money from the state coffers to continue its mismanagement. However, the government apparently set strict conditions before the money was released. The conditions include that the public broadcaster must present a list of identified initiatives to improve its inputs, submit ideas to save costs as well as conduct a thorough investigation into the cause of its financial collapse and a separate financial reporting for providing public and commercial broadcasting services. Abrahams says that the SABC currently meets most of the conditions set by the government.

Meanwhile, experts say that the SABC should first get rid of its weakest divisions, but its sale will
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The African way! Illegal striking employees of Emfuleni Local Municipality wreaks havoc in dispute over salaries and awards

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The Emfuleni Local Municipality says its employees, working in various departments and office buildings in Vanderbijlpark, were violently chased away from their work-stations by fellow striking employees, or general workers, today.

Emfuleni said this disrupted the provision of services and inconvenienced residents and non-striking workers. ELM said the general workers have been on an illegal strike since the beginning this month in a dispute over salaries and awards.

Following a meeting between management and representatives of the striking workers yesterday, the Municipal Manager (MM), Dithabe Nkoane, pleaded with protesting workers to urgently return to their work stations and warned that the “no work, no pay” principle will be applied. Upon receiving a report on the matter, the ELM Mayoral Committee yesterday resolved that the award should be taken for review. This resolution will be tabled in a Council Sitting for a decision tomorrow. ELM said Management
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SA taxpayers to fund over R76 million for politicians who did not return to parliament after this year’s national election

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Government will spend over R76 million of taxpayer’s money on ‘loss-of-office gratuities’ for politicians who did not return to parliament after this year’s national election.

The Sunday Times reports that this figure is set to continue rising in the coming weeks as payments are still being processed.

The gratuities will be paid to former ministers and MPs who completed at least a five-year term in office, with four months’ of pensionable salary being paid out for every five years of service completed.

This means that former ministers like Jeff Radebe and Derek Hanekom stand to earn at least R4.8 million each.

According to the paper, earning this package does not preclude politicians from accepting other public sector positions, or returning to parliament at a later date.

DA MP John Steenhuisen said that the packages were originally instituted to help MPs, but has since turned into an unnecessary and expensive benefit.Continue reading…

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NASPERS: An Elitist Multinational That Values Profits Before People. Selling Kith, Kin and Country for Higher Salaries

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Globalist Companies like Lego, Sony, Rolex and Walt Disney—they all allegedly strive to operate with honesty and integrity and they stand for things that matter to people around the world, virtue signalling inclusiveness, environmental sustainability and education. They have associated their companies issues and causes which makes their brand and reputation stronger because they are known to be doing the right thing.

The reputation economy—reputation is now the currency on which everything else will depend.
Many public relations experts talk about “active reputation management” to help salvage broken reputations.

When company actions go against the common good, we will increasingly see a backlash from consumers and society at large.

Naspers is doing its best to coax shareholders to its point of view and in so-doing risking their brand.

Do take the time to read the attached report and learn about the salaries received by CEO
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Cash strapped Denel asks ANC regime for cash injection of R2.8 billion to pay employees salaries and remuneration

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Weapon manufacturer Denel is one of several state-owned enterprises (SOEs) found amid allegations of corruption and statecapture. The entity finds itself in a deep financial crisis and was forced to ask government for a R2.8 billion bailout to pay suppliers and outstanding salaries.

Public Enterprises Minister Pravin Gordhan announced that the company, with the help of a lender, made it possible to pay salaries for the month of June. Meanwhile, it has come to light that although staff salaries have been paid, no pension contributions where paid. Unconfirmed reports say Denel will again struggle in late July to compensate his staff.

Denel CEO Danie du Toit indicated stated that Denel is in negotiating with the banks to obtain bridging finance and has apologized for the tension and anxiety it causes among staff and their families. Since Denel failed to pay its employees ‘salaries in full, staff have been showing a negative attitude towards the comp
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