R96 billion lost in two years

[Jamie McKane]

R96 billion lost in two years

South African state-owned entities (SOEs), including Eskom and the SAA, have accumulated losses amounting to R96 billion over the past two years.

This is according to the DA, which wrote to Minister of Public Enterprises Pravin Gordhan requesting a full-scale review of South Africa’s failing and debt-ridden SOEs.

 

[Jet-Fighter7700]

SOE's are simply this:
especially since the last elections.

we voted and believed these criminals, now we sit with the consequences.

 

[Nom Chompsky]

And the losses will continue because the government will continue to bail them out - at least until SA goes to the IMF asking for a bailout, which will eventually happen.

 

[Agent_Smith]

 

[ɹǝuuᴉM]

#ShitHole cum Laude #LiveWithIt

 

[Temujin]

The country’s is in crisis, it therefore requires urgent reforms, starting with Eskom

ANC reform incoming: More taxes, increase tariffs, fixed, bonuses all round

 

[The_David]

But lets just give them a couple more billion, pretty sure they have learnt there lesson now so this time will be different...oh wait they burnt through another 100 billion ok cool...lets just give them a little more, i'm so sure this is one...rinse, repeat.

 

[Techne]

If only they can employ more people whereby competency is a secondary criteria, maybe that will fix the problem

 

[gregmcc]

Lots of piggies at the trough. Need a bigger trough.

 

[Hemi300c]

It's far more if to take more years and the other 2 fvckup power stations.

Hey anc, eff, blf and all the other idiots that support any of the aforementioned, there goes your own houses and land moer toe into coffers and wastage.
Suck on that and blame JVR.

 

[Milano]

Good to see things are improving.

 

[DreamKing]

lost lost lost,
loot loot loot,

viva anc ..... viva ......

 

[lkswan747]

How sick is this? Thieving bastards.

 

[HBee]

Gordhan is doing a stellar job as usual to ensure his portfolio ramps up taxpayer money wastage.

 

[Sl8er]

*anc comrades patting each other on the back with an occasional cheeky ass-slap, in-between*

"Bonuses for everyone, because we stole lost R5bn less in 2017/18!"

 

[Spliffcat]

This is just the tip of the ice berg. The comrades have stolen billions and billions.
Methinks SA is beyond bankrupt. It's fekked.

 

[The Free Radical]

SOE's are simply this:
especially since the last elections.

we voted and believed these criminals, now we sit with the consequences.

View attachment 677623

You far too modest.
This is more like it.

 

[Sideshow Bob]

If only they can employ more people whereby competency is a secondary criteria, maybe that will fix the problem

We need injection from competent private sector for this. I suggest Mark Jooste, Gavin watson etc..

 

[Jet-Fighter7700]

We need injection from competent private sector for this. I suggest Mark Jooste, Gavin watson etc..

maybe with some shoe polish and a bit of accent coaching would people believe them.