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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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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