Old Zupta783 up to his tricks again! He's obviously taken counsel from Saxonwold and thinks he can get away with another cabinet reshuffle which will position his cronies to support him in December and keep him out of jail in the long term.
It is indeed sad that that's all that motivates "our leader". Absolutely NO interest in running the country .... just self preservation.
A figure like a R4.3bn loss is incompressible to the average man in the street. The loss needs to be reported in terms of the number of RDP houses not built, the number of bursaries not granted, how many fully functional villages with clinics and schools not built, etc.
So it is confirmed - Dudu was in bed with Hlaudi (who was firmly of the opinion that his job was not to make a profit for the SABC). The escalating losses under Dudu are staggering - but what is really terrifying is the massive under spend on aircraft maintenance. For your own safety do not fly SAA.
There is a story of a Chinese airline that had an atrocious safety record until an exec decision was made that the maintenance staff would be randomly assigned to make regular flights on the planes they were paid to maintain. Needless to say that safety improved in record time.
Now all we need is for Dudu, Hlaudi and 783 (or Clueless) - plus maybe a few other chosen from the zupta fraternity, like the Soxonwold Shebeen King - to be regularly assigned to fly on SAA planes before the spend on maintenance is rectified.
Zuma can do as he pleases as he knows that the taxpayers who keep him in power do not have the guts to take matters into their own hands and deny him the money he needs to enrich himself and his cronies. Without taxpayers money Zuma is nobody.
Surely, after finance minister Pravin Gordhan experience of how conspiratorial matters are and the need for financial discipline, he would surely not break his own rules & regulations. So whom would we believe, please Pravin, just post a copy of the approval and that will be the end of it.
Why does SA embarrass itself like this?
Why can't this be done in a professional manner?
Dear God please Bless SA with a leader that actually cares about SA. Amen
Absolutely right - the way things are playing out, it is merely a piece of paper with some printing powder burnt on it!
What has happened with the 'State of Capture' and the 783 charges?, etc, etc, - sweet blow all....
Let's have MoneyWeb and other press outlets keep us fully informed of what is happening as things have got very quite on these fronts. Oh! and where is the opposition on these matters? Both DP and FF among others.
Clueless (783) is not so clueless on how to out dance the opposition - and rather than a statement of admiration (which I'd never consider), it is an expression of absolute frustration as to how these players are constantly rendered impotent by their own ineptitude.
It is a great pity that treasury chose this route, but the problem here is twofold.
Firstly, why on earth someone would contribute to an SA pension whilst working abroad is beyond me where they had the opportunity to contribute to a foreign pension in hard currency which is still exempt in terms of the ITA - granted this may change too (guess what is coming next).
Secondly,a number of employers force the employee to be a member of their pension schemes, yet they do not provide them with an option of contributing to a foreign occupational pension whilst abroad.
I know of situations where a foreigner, who has never been resident in SA has been forced by his (SA HQ)employer to be a member of their SA pension fund while working for their overseas operation. He gets no tax relief on it but be sure they deduct the expense. So his retirement funds are tied up in ZAR, subject to Reg 28, and when he leaves the employer he has a nightmare trying to extricate the funds from SA, with the fund administrator firstly telling him he has to pay withdrawal tax, whilst he has never been a tax resident or had a cent in relief.
And they simply tell them - not our problem, its a condition of your service. All they had to do was set up a foreign scheme and problem solved.
One wants to be remembered not for the worst...otherwise it would be better to stay in the shadow and not to be known at all? The persons in government (prominent positions) can be reminded that the people of S.A. voted them in to serve the people, they did not vote for or select the people to serve them. They have a legal, ethical and moral obligation to give their best for the country and people, not their worst of worst, as has been seen up to now? It is never too late to do the right thing.