News Formal

South Africa’s R280 billion investment that has only paid a R1 million dividend

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 20 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 67%

Alexkor Nyheter

Denel,Eskom,Pravin Gordhan

The country has been pumping billions of rands into state-owned enterprises like Eskom, Denel, and SAA with almost nothing to show for it.

Having invested hundreds of billions into its state-owned enterprises , the South African government only has a minuscule return to show for it.

Since 1 March 2019, the government has pumped R282.537 billion into SOEs over the past five financial years and has a meagre R1 million in dividends to show for it. South Africa’s state-owned power utility’s bailout figure amounted to R234.6 billion over the past five years. The table below summarises the bailouts paid to SOEs over the past five financial years and the dividends received.

 

Takk for kommentaren din. Kommentaren din vil bli publisert etter gjennomgang.

Gwede And Pravin must be fired! ANC must not be mandated to govern. DoNotVoteANCin2024Ele tions

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

 /  🏆 11. in NO

Norge Siste Nytt, Norge Overskrifter