Posts tagged with 'taxpayers’ money'

 

Another ANC BEE Looting Scheme! This Time Disguised as Hydroponic Agriparks to Loot R2 Billion with no Sign of Lettuce Being Produced!

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A Billion Rand has apparently already been spent by the ANC regime, with not a lettuce leaf being produced! Evidence reveals what may be the biggest ANC state funded so called “black empowerment farming project” failure yet, and as much as R1 billion Rand may have been thrown down the drain without any results, with another Billion yet to be spent / looted, as the original budget for the project was R 2 Billion. A full audit of the project will have to be done to determine how much of the R2 billion was eventually spent.

The original aim was to create 44 Agriparks, one in each municipality district, but this ANC state funded Hydroponic Agripark project, based on a vertical growing hydroponic vegetable garden, may be the biggest failure yet, with as much as a Billion Rand looted by “our people’s” private companies, without any vegetables being produced.

Christo van der Rheede, CEO of Agri SA, has told Rapport newspaper that he personally visited the ANC’s Westonar
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Senior ANC official dissatisfied with his second-hand Mercedes Benz which costs taxpayers R103,776 monthly and seeks brand new one – No wonder SA is broke!

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Kwazi Mshengu was recently accused of using a car rental scheme to justify not having to use his predecessor’s official car.

Kwazi Mshengu is the newly appointed educator of the Executive Committee in Natal, but is now without a car after Mercedes-Benz canceled the guarantee, as well as the maintenance contract.

The manufacturer also recalled its courtesy vehicle, leaving the senior ANC worker without any vehicle he could use during his work.

The manufacturer, meanwhile, has appointed an independent investigator to determine the cause of the car damage.

Experts say the exceptional behavior of the automaker, Mercedes-Benz, to revoke a warranty, contract of service as well as a courtesy vehicle, is a clear sign that the vehicles were abused by its drivers.

The manufacturer’s actions follow after a fake letter was given to Kwazi Mshengu in which the manufacturer says the car used by its predecessor is unsafe and should not be used.

The one-year-old Merce
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ANC regime gets billed for R100m for 35,000 election posters – The taxpayer will probably now have to shake his pockets to pay the bill?

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The ANC Treasury General, Paul Mashatile, was apparently unaware that an invoice was made for the debt to be paid.

It was apparently only when the invoice, with an amount of R102 million, was shown to him, that the sparks flew.

An investigation has now been ordered following the invoice issued for the delivery of 35,000 election posters that were apparently not approved by the party.

Mashatile was apparently unaware of the deal until the invoice was brought to his eyes, and an investigation is now underway as to who is responsible for the mess.

However, it appears that the ANC did receive and use the posters, and will thereby also be responsible for paying the bill.

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Street names in Ekurhuleni will soon get new street names that will be named after major ANC political icons – What a waste of taxpayers money

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The Ekurhuleni Metro Council has once again announced its intention to change 42 street names and eight beacons in the metro’s to names of major political icons and important individuals from the region. At a council meeting this week, the council said it would be part of their Heritage Month celebrations.

Gilloolys, the continent’s largest interchange bringing together the N3, N12 and R24 freeways, will henceforth be known as the George Bizos Interchange, named after the anti-apartheid and human rights activist. Olifantsfontein Road, a main traffic road that stretches 10.5 km from the R21 to the N1, will be called Winnie Madikizela Mandela Road.

“The children in our city have to grow up in an environment that carries names that are familiar to them, that are in their home languages, and are some of the people they interact with every day. This is just the beginning of a process and many other phases will unfold in the program to redress the legacy of apartheid
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State Treasury plundering continues – your tax money will fund Eskom with a further R59bn

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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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#ParasiticParastatal – SA Express is just another bottomless pit swallowing taxpayers’ money

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It is disturbing to realise that recently another enormous lifeline was quietly given to SA Express while all the attention was on Eskom, the SAA and the SABC. According to the Free Market Foundation, SA Express received a lifeline of R1,24 billion from the government in November last year and was now given government guaranteed financing amounting to R300 million.

It seems that the Free Market Foundation forced SA Express by means of the Promotion of Access to Information Act to disclose its financial statements and managerial account data.

SA Express has become a large hole draining tax money from the fiscus dam and if it continues in this way, it will drain everything until there is nothing left. The ANC will have to realise at some point that the country does not have an inexhaustible source of money and that public enterprises cannot be saved from financial ruin indefinitely.

Like with e-toll, taxpayers will get to a point where they will n
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#ParasiticParastatal – SA Express is just another bottomless pit swallowing taxpayers’ money

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It is disturbing to realise that recently another enormous lifeline was quietly given to SA Express while all the attention was on Eskom, the SAA and the SABC. According to the Free Market Foundation, SA Express received a lifeline of R1,24 billion from the government in November last year and was now given government guaranteed financing amounting to R300 million.

It seems that the Free Market Foundation forced SA Express by means of the Promotion of Access to Information Act to disclose its financial statements and managerial account data.

SA Express has become a large hole draining tax money from the fiscus dam and if it continues in this way, it will drain everything until there is nothing left. The ANC will have to realise at some point that the country does not have an inexhaustible source of money and that public enterprises cannot be saved from financial ruin indefinitely.

Like with e-toll, taxpayers will get to a point where they will n
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Economist says Zuma government cost taxpayers about R470bn – What a waste of good money!

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Nedbank chief economist Dennis Dykes says the Zuma regime has cost South Africa R470bn.

Dennis Dykes says they have done a thorough calculation that is South Africa’s loss due to corruption, maladministration and distorted policies in Jacob Zuma’s second term.

He says there was an estimated loss of R140bn due to taxes lost and now having an impact on the economy.

He also points out that government debt would also have been 49% less, amounting to R250 billion.

The amount lost in the latter half of Zuma’s regime is greater than Eskom’s total debt burden.

In response to the interview that appeared in Business Day, a businessman from Pretoria was merely saying, “Zuma, you bastard.”

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

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