In City Press Business: Eskom wants another R27bn from consumers; We will blow R250bn this festive season; Road Accident Fund can’t pay wages

  • 📰 City_Press
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

In City_Press Business today: Eskom wants consumers to cough up a further R27 billion for electricity; The Road Accident Fund has been unable to pay expenses like salaries because its bank accounts have been attached

A taste of what you can expect in City Press Business this week:Eskom, which this week again saw a collapse of its power network that led to nationwide load shedding, wants consumers to cough up a further R27 billion for electricity.The Road Accident Fund has been unable to pay expenses like salaries because its bank accounts have been attached.

In the meantime, the fund owes R17 billion to people across South Africa who have suffered losses due to road accidents, but are still waiting to receive their compensation.Dividends earned over the past 20 years total about 10 times the amount NGOs originally invested to establish Ditikeni.South Africans are expected to spend 24% more on gifts, vacations, entertainment, food and alcohol over this festive season than they would in an ordinary month.

This will mean an injection of R254 million into the economy, but will also lead to many people getting into debt.There’s one reform measure that government can implement without getting the masses out on the streets in protest. It is also guaranteed to deliver benefits for the majority of South Africans.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Soweto owes you R20bn, Gupta and all the looters can sustain you for about two years.

Debunk. Destroy. Sell.

EVERY STREET CORNER has its TSOTSIZ, There is a great need for new laws to be introduced which will make it easier to incarcerate SOEs board members and executives, yes executives

Everything, I mean everything these so-called ‘liberators’ touches turned to dust ...history speaks loud and will speak to them louder 🙄 Eish .... AbsoluteNoConsequence Party

Dear Eskom, jou ma se .............. !!!

Retrieve all that was lost to corruption first,followed by arrests of crooks , hiring of brave competent people and leave out cadres & politics for now. Let's not pretend to not know what's to be done & what has been going on Asomblief!

CharlotteKhuma3 Soweto must pay up hai suka😣

Meanwhile MyANC can't find funds for drought relief to save the farmers we depend upon for food security & their workers. The difference: looting & mismanagement junked SOEs while drought, from which the nomenklatura don't gain, is caused by ... drought.

I also want a few billion, at least I won't piss it down the toilet. Probably give most too charity. Please pick me MYANC

Eskom idakiwe. We want to see arrests first of those who put us in this situation before we can even entertain the coughing up matter.

Years back while learning about the French revolution, I was very sad that all the rich people were killed off... Yeah, people just got gatvol! 🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Court sets aside decision to oust City of Tshwane Mayor, Speaker - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Pretoria High Court has granted an interim order to the Democratic Alliance (DA), setting aside the removal of the Tshwane mayor and speaker. The court is giving this guy a chance to have another round of sex in the office of the municipality.
Source: SABC News Online - 🏆 32. / 51 Read more »