DAMNED AND DOOMEDSouth Africa's parastatals suck |
JOHANNESBURG - The idea of a combine harvester running amok on overdoses of avgas has always been appealing, but no longer competes with the kind of extraordinary entertainment hurled out by countless clowns at South Africa's parastatals, who seem to run on constant ingestions of rodenticide.
Eskom, the monopoly electricity generator, is being ratted out several times a day, with no firm clues surfacing as to the whereabouts of apparent CEO Jacob Maroga, last seen winging it with his cape high above Megawatt Park.
Just today, the board of Armscor reportedly asked CEO Sipho Thomo to resign, thanks to the grace of Armscor chairman Popo Molefe, addressing a parliamentary portfolio committee. Thomo reportedly said "I'm not planning to resign. I have no reason to resign". Armscor may or may not be a parastatal - it ranks as "the officially appointed acquisition organisation" for national defence, but the sense of rodenticide is there, all right. Was Thomo caught with his hands in the . . . ratjar?
But is Armscor a parastatal, and does anyone care? Either way, there is a sense that nobody really wants these parastatal and similar type jobs; Transnet, one of the country's most important entities, has an acting chairman (Geoff Everingham), an acting CEO (Chris Wells), and an acting chief financial officer (Anoj Singh). What an act. At Transnet Freight, one of the country's erstwhile treasures, the CEO, Siyabonga Gama, is out on suspension facing allegations of . . . well, you guessed it.
At South African Airways, there is an acting CEO in the form of Chris Smyth, after the previous CEO, Khaya Ngqula was fired following allegations of . . . you guessed it. Ngqula, a sidekick of former cabinet minister Alec "Wingnut" Erwin, was paid millions, naturally, and millions, to walk.
At Denel, the parastatal that makes evil things that can kill lots of people, there is at least a full time CEO in the form of Talib Sadik. Rather than a certificate of competence from the French Foreign Legion, Sadik is a chartered accountant, which seems fitting, given that Denel has only once made an annual profit, a pathetic R24m, in the past 10 years. Over the period Denel's combined losses aggregate at R5.36bn. But it may be diversifying out of the armaments business, with a recent order received from the Angolan police force for 80 dogs.
There are smaller parastatals, such as Alexcor, the diamond digger, which once again posted a loss in its latest financial year, along with an emphasis of matter on its ability to continue in business. There is a however a profitable miner in the form of Foskor, effectively a subsidiary of the state-owned Industrial Development Corporation. While so-called BEE (black economic empowerment) laws do not apply to the state, the IDC is selling 26% of Foskor to BEE groupings, with 100% of the finance provided by . . . the IDC. Go figure.
Chaos and atavism so grossly apparent at one wretched parastatal after another has long spread the carrot of rodenticide ingestion to other critical areas. More than three months ago, Pam Yako, director general of the water affairs ministry, was placed on (fully paid, naturally), special leave by her minister, pending an investigation into allegations of . . . take a guess . . . financial irregularities and mismanagement. Since then a vacuum, for one of the most important jobs in the country, overseeing the vicious disaster of a R70bn backlog in the maintenance and building of new water infrastructure. Let's not also get into the pending collapse of sewage farms, and slicked shittrains the size of crude oil tankers.
As for Portia Molefe, director general of public enterprises, she announced early in September that she would be going walkabouts at the end of this month. This, of course, is the ministry that oversees state-owned enterprises, such as Eskom. So far, no replacement for Molefe has been named. While you still can, rush off to cash in on specials being offered on rodenticide, and donate it to the Rodenticide Humane Society for State-Owned Enterprises.
Write to Barry Sergeant: barry@moneyweb.co.za
COMMENTS
Barry , you are obviously also now racist , in terms of ANC YL criteria ---Beware 007 will be sent after you .
There can surely be no other country on Earth run by bigger idiots than the ANC.
They are even incapable of seeing the results . .more
by George on November 11 2009, 17:21
Find this comment inappropriate? Report it
bring on the NHI
by Cant wait for National Health Insurance on November 11 2009, 17:24
Find this comment inappropriate? Report it
10 years from now there will be no money left, there will be sand roads, no beer, no food, lots of candels and a long line of beggars like the rest of AFRICA and once again the white man will be blamed.
by Bobby on November 11 2009, 17:29
Find this comment inappropriate? Report it
IISH - but we worked hard to make such a big mess
by Noddy on November 11 2009, 17:35
Find this comment inappropriate? Report it
The one that works, and hasn't used government money since the 50's.
by Indjun on November 11 2009, 17:37
Find this comment inappropriate? Report it
You know, when my children were about 4 years old we used to play make believe games--- standard ones like father christmas delivering presents and the tooth fairy leaving little tokens in return for a milk tooth discarded by a growing jaw.
We . .more
by Plutarch on November 11 2009, 17:38
Find this comment inappropriate? Report it
Is it parastatal or parasite........I always confuse the two....
by Euroboy on November 11 2009, 17:42
Find this comment inappropriate? Report it
You will be labled as a racist once again. The problem, honestly, is not with the colour of the encumbent, but with the fact that the encumbent in these various high profile positions is, more often than not, a cadre, politician or at least a . .more
by AFRICAN WARRIOR on November 11 2009, 18:00
Find this comment inappropriate? Report it
That they did not foresee that so much will fail and that things like insufficient power might mean they must play daylight games only, is interesting. Have they learnt nothing from Africa's history of ungovernable and failed countries and . .more
by Silly FIFA on November 11 2009, 18:32
Find this comment inappropriate? Report it
I would have thought that a rather small, single ingestion of rodenticide ( lovely word by the way-- not sure if it is acknowledged by Mr Oxford Concise) would mean death to the rats.
Aaaah I am beginning to get your drift.
Deep . .more
by Cassandra on November 11 2009, 19:10
Find this comment inappropriate? Report it
mmm, something is rotton in Denmark I feel, or is that sunny South Africa?
Come on this is all too negative and how are we supposed to build a multicultural nation and meet the international community's expectations based on such . .more
by oh dear on November 11 2009, 19:42
Find this comment inappropriate? Report it
The rot started in government and spread to parastatals. The tax base cannot carry the weight of these crooks now that we are in a recession. South Africa will need to decide if it wants to go down the drain, or clean up the cronyism and corruption . .more
by Greh on November 11 2009, 19:53
Find this comment inappropriate? Report it
tax and rates boycott anyone?
by charlie on November 11 2009, 20:06
Find this comment inappropriate? Report it
either leave or revolt- there is no choice
by charlie on November 11 2009, 20:06
Find this comment inappropriate? Report it
If you are young enough and have some money, just go. Doesn't matter what colour you are. Pack your bags and move your family, if you have one. And if you're white, coloured, or Indian you're in any case unwelcome here.
by Herman Lategan on November 11 2009, 21:37
Find this comment inappropriate? Report it
I am convinced that most white people who could leave WOULD HAVE or are in the process of doing so. And the ones who can't , are the ones that keep on trolling the SA blogs spewing their drivel and calling people names (savages, monkeys, "insert . .more
by Blackandproud on November 11 2009, 22:08
Find this comment inappropriate? Report it
There is already a long line of beggars. In fact there isn't a waking moment when i am not confronted with pathetic hordes seeking - and expecting - handouts. If only they'd vote for a government that did not steal my tax. Then they might see some . .more
by Q on November 11 2009, 22:09
Find this comment inappropriate? Report it
I'll try again and see if Moneyweb posts this, this time.
I am convinced MOST(not all) white people who could leave the country have or are in the process of doing so. The ones who can't - because they don't have the skills / education to . .more
by Blackandproud on November 11 2009, 22:19
Find this comment inappropriate? Report it
Sorry boet, I am young and have enough savings but there is no way I am leaving my country. What for? We have so many challenges but like we have done in the past we will overcome against all odds. If we can survive apartheid and isolation, we will . .more
by CapeZulu on November 12 2009, 00:17
Find this comment inappropriate? Report it
Barry-does MW have any editorial standard-you have demonstrated your apparent incompetence as a journalist. Do you not know that the toilet is the place to excrete your filth.
by White Trash on November 12 2009, 00:58
Find this comment inappropriate? Report it
Politicians should never be allowed to go near any business as its doomed from that day.
by ripoff on November 12 2009, 03:36
Find this comment inappropriate? Report it
You miss the pointy of this completely. Whites are so disgruntled with your incompetent black brothers who are destroying their country, that they are willing to sacrifice everything and start from scratch in a new country just to get away from the . .more
by Expat in Europe on November 12 2009, 06:25
Find this comment inappropriate? Report it
In as much as I can understand that you enjoy being served by white ex-South Africans, please take note that there are still many competent white people left here who want to see this country work and are actively contributing to the change needed. . .more
by Rine on November 12 2009, 06:58
Find this comment inappropriate? Report it
I think all (white) article writers should adopt a "nom de plume" like SIPHO or PHILEMON whatever, and continue to write informative articles for us. Perhaps this will reduce the amount of racial idiotic comments that arise and detract from the . .more
by PAS on November 12 2009, 07:01
Find this comment inappropriate? Report it
What a joke! What are you doing in the UK??? Most of the blacks in the UK is just as pathetic as here - Always bitching and moaning and complaining. Did you study with an ANC trust fund?? Pathetic
by Gemini on November 12 2009, 07:23
Find this comment inappropriate? Report it
Please support our effort- you can remain anon.
Tx
http://www.gopetition.com/petitions/stop-eskom-extortion-now.html
by Free Speech on November 12 2009, 07:30
Find this comment inappropriate? Report it
Why does the Public Protector has to investigate since 1994. Why 1994 in particular.
Please explain, otherwise we will read incorrectly between the lines and your petition will be seen as politically and racially motivated.
by Freedom on November 12 2009, 08:03
Find this comment inappropriate? Report it
Have a look :) www.eskomsucks.co.za
by steve on November 12 2009, 08:13
Find this comment inappropriate? Report it
"working in investment banking in London",- ummm, as what,?- I thought they had automatic coffee/ tea vending machines there ?
by Voortrekker on November 12 2009, 08:17
Find this comment inappropriate? Report it
Whats going to happen when tax payers can no longer afford to pay for all these fools loosing our money.
Time to look for a country that has less corruption and fools running the place than SA.
by Gordon on November 12 2009, 08:28
Find this comment inappropriate? Report it
Must say your story sounds a bit too good to be true. The only blacks I see in London spend all day riding illegally on tubes whilst talking with fake hip-hop accents to imaginary callers on stolen cell phones.- Much like S.A. I suppose, only there . .more
by Trainwatcher on November 12 2009, 08:33
Find this comment inappropriate? Report it
"people whose sole profession in life is being black" If only there were more black people that are prepared to be honest about this will this country stand a chance. This is just a sympton of the ANC's policy of deployment. So who can blame our . .more
by Albie on November 12 2009, 08:36
Find this comment inappropriate? Report it
Does pointing out the obvious abuse of power make us negative? Will everything be better if we just all talk about how wonderful our country is and stick our heads in the sand? Will embezzlement, lack of performance and general overwhelming . .more
by Bonita on November 12 2009, 08:47
Find this comment inappropriate? Report it
The garbage that spews from your mouth is racially motivated and offensive and I have a mind to report your comment!!!! If a white person had said what you just said and aimed it a black person they would promptly be whipped before a Truth and . .more
by Bonita on November 12 2009, 08:59
Find this comment inappropriate? Report it
Glad you are smiling in London. You seem to have a wonderful job ---- because you are competent, not because you are black? That is how it should be. Now, a person should earn his/her reputation through behaviour & not by the colour of their skin. . .more
by Rory on November 12 2009, 09:20
Find this comment inappropriate? Report it
The difference between picking up trash in the UK and SA is that the ones in the UK are doing it to pay for a better education and not to receive handouts (ie food parcels before elections) from the government . The UK ones will become the educated . .more
by oupies on November 12 2009, 09:26
Find this comment inappropriate? Report it
You forgot to mention the chaos at the Landbank
by It's Africa on November 12 2009, 09:54
Find this comment inappropriate? Report it
What about Hlope, Zuma, Land Bank, all the municipal managers and mayors on suspension, ASA, Selebi, Correctional Services, Education Department, Aids deaths and denialism, travelgate, Transnet, and so on
by Dave on November 12 2009, 10:45
Find this comment inappropriate? Report it
Just one change of emphasis should be made.
The Acting executives and chairmen, such as Geoff Everingham, should be seen as the good guys in all this and not lumped with the bad guys they replaced. They should be seen as the rescuers and . .more
by Al on November 12 2009, 11:42
Find this comment inappropriate? Report it
Check the appointment of Chair for 4th term in flagrant contravention of Water Services Act. not even the law will stop the stupidity
by To Barry on November 12 2009, 11:46
Find this comment inappropriate? Report it
Add the Landbank/SABC/Airports Company
by Observer on November 12 2009, 11:57
Find this comment inappropriate? Report it
Is it possible to be proud of all your AIDS, Murders, Violent Crimes, Eskom, SABC, SAA, Telkom, Malema, Home Affairs, Policing, The JSC, the Shaik Affair, the Selebi Affair, the Taxi Drivers, the Roads, the Sewerage, the Water issues, the huge . .more
by Proud of What on November 12 2009, 12:29
Find this comment inappropriate? Report it
Government wants it all including fingers in section 21 companies.
Its easy money so that these funds can also be "used" to "create
employment" and to use as a cash cow to spend.
If you think its already bad you just . .more
by @BOBBY on November 12 2009, 12:53
Find this comment inappropriate? Report it
Blacks are also leaving south africa including BLACKANDPROUD
because she gets treated better in UK a former coloniser of South Africa.
She is black and proud but definitely not proudly South African like
the rest of us in . .more
by @Herman on November 12 2009, 13:27
Find this comment inappropriate? Report it
..how people like Voortrekker just can't fathom an educated black person - all I can do is laugh.
@Gemini: no ANC funding, my mother had the sense to come and work here as a nurse and that is how she paid for my education.
@Bonita - be my . .more
by BlackandProud on November 12 2009, 14:49
Find this comment inappropriate? Report it
@ Trainwatcher: Funny how I've never had problems on the train - most of the the problems I've had came from chavs who didn't look anything like you described.
@Proud of what: Proud of the fact that I managed to break away from corporate SA . .more
by BlackandProud on November 12 2009, 14:55
Find this comment inappropriate? Report it
The core begins rotting from the parents and peers.
The corruption,scams,..etc.. is a very good reflection of our upbringing.
So to think these negative things about white south africans in uk was
taught by our peers and . .more
by mjs on November 12 2009, 15:13
Find this comment inappropriate? Report it
If these parastals are run like this imagine what a parastal like the
HPCSA (health professional council) is doing to the laws and the money
from subcriptions
by Lebo on November 12 2009, 15:24
Find this comment inappropriate? Report it
There are so many fong kong (fakes) things happening in south africa
and it ain't cheap goods from india,brazil or china but us as people.
Fake diamonds,fake hair,fake certificates,fake education,fake money,fake
wealth,fake . .more
by mtt on November 12 2009, 15:34
Find this comment inappropriate? Report it
Eish, there goes London...
by TiA on November 12 2009, 16:57
Find this comment inappropriate? Report it
Too many racist comments on this thread. Behave yourselves please. All our blood is red. Don't judge a banana by its peel. No pun intended.
by Herman Lategan on November 12 2009, 17:52
Find this comment inappropriate? Report it
So, tell me,
1. When did your mother emigrate, and how,-on what grounds ?
2. What are you qualified as and where did you study?
3.Are you now a British citizen.?
4.What is your occupation,(not 'the financial business' please,- . .more
by Voortrekker on November 12 2009, 17:52
Find this comment inappropriate? Report it
1. She didn't emigrate. Not sure if you are aware but a lot of black MOTHERS in the townships left their families behind in the 90's to come and work here in the UK as nurses. Back then they were even doing recruitment drives for nurses in the local . .more
by BlackandProud on November 12 2009, 21:33
Find this comment inappropriate? Report it
We can take u out of the laarger, but can't get the laarger out of you. Careful..the dark i es are no longer on the doortep....hide under your bed....dumb..a.s.s
by KK on November 13 2009, 07:16
Find this comment inappropriate? Report it
Why did your mother not ply her trade in Africa? You are a CA not a rocket scientist. I bet your tutor was white and the person that was top of your class was probably white too. But hey then again Africans embrace mediocrity (eish I have a DAGREE, . .more
by AP on November 13 2009, 07:48
Find this comment inappropriate? Report it
The level of insults and discourse on this thread is shocking.
by Herman Lategan on November 13 2009, 14:20
Find this comment inappropriate? Report it
You go chick. Love your writing. Know how you feel.
by Paul on November 13 2009, 16:53
Find this comment inappropriate? Report it
So proud to work with whites .SAY NO MORE .whites don't need you .
London whites don't need you , you need them.
by DILLIGAF on November 14 2009, 00:58
Find this comment inappropriate? Report it
No Beer...that it I'm out of here!
I hear Perths got beer.
new Zealand has very good beer but C*** weather.
by Fred on November 16 2009, 10:48
Find this comment inappropriate? Report it
Whats that strong Vinegar smell?
Oh its the chip on your shoulder!!
Do you not realize you are also a racist if you get kicks out of watching white people try and pick up the pieces of their lives after being excluded from the SA . .more
by Fred on November 16 2009, 10:54
Find this comment inappropriate? Report it