NEVA MAKGETLA: State-owned companies cost a fortune

SA has entered a daunting fiscal winter, putting pressure on public services across the board. Yet the latest national budget provides R264bn over the next three years to relieve Eskom’s debt, after bailouts in 2022 to Eskom, Denel, Transnet and SAA totalling more than R30bn.

Meanwhile, the melodrama of Thabo Bester’s escape shows, once again, that private provision of basic services can also be problematic — a lesson we already learnt from, among others, reliance on taxis for commuter transport and the soaring cost of medical aid...

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Investment projects are on track and state exceeds target | City PressInvestment projects are on track and state exceeds target: Government exceeded its R1.2 trillion target by 26%, having raised R1.51 trillion since the project to mobilise investment in South Africa started in 2018 How can you do that when the situation with Eskom is not even fixed? 😠 U stealing people's drafts. That amount u mentioned is ' false'. As if this will filter down to ordinary citizen,for all we know this could be some glorified money laundering scheme
Source: City_Press - 🏆 7. / 72 Read more »