There RAF is a gravy train for many legal firms who exist merely to loot the fund.
Same thing is going to happen with the NHI fund and medical practitioners
Across VW and the supplier park, 35MW sounds possible.
Since you worked in this, do you have an idea what the levelized cost of energy would come out at?
If the road accident fund was smart, they would have focused a great deal on road safety initiatives, alas, they aren’t smart.
As of October 2019, AfricanBank still offers the best fixed deposit rates in South Africa (5 year effective annual rate is 10.76%), well ahead of SA Retail Bonds at 8.68% and Capitec’s 8.19%.
Nedbank (7.44%) and Standard Bank (7.66%) are offering the worst five year fixed deposit rates.
By the time the ANC fools are going to get Eskom sorted, it will have no cutomers left
This is the first good news I have seen in SA for a long time. VW must have done the sums carefully if competing with Spain in production costs.
You can thank the legal profession for this, in part anyway.
What a lot of intellectual mumbo jumbo . If you want to stop corruption you can’t go to wrong if you follow what the FBI and the IRS do to you when you get caught . We have gone so far the other side of bonkers that we
starting to feel corruption must be dealt with in a PC way . God help us if we think we can solve this scourge by making the Guptas write a thousand lines after school …………
All politicians should retire at 65 years old, Helen’s retirement will be welcomed by many.
Having worked in the biogas and energy industry this is an odd article.
R3.5 billion would be at least a 35MW biogas facility- that is enormous. Are you sure your figures are correct
Also 1000 jobs that has to be in the construction not operating
Lastly $400 per ton for compost mmmh. In Gauteng that’s R3000 retail for 10m3 which would be about 3 tons. So unless they can convince farmers this is special fertiliser I think Not.
Great news though that this is happening and VW are serious about sustainability.
Great Idea and break-even after 28 months is spectacular.
They will save billions in the long run.
Why do we need a Road Accident Fund in particular. There are approximately 500 000 deaths per year in RSA of which 50 000 deaths are not from normal causes ie not health related.
15000 of the deaths are road accidents. How can it be fair that these accidents get allocated R42billion. That is over R2 million per person involved.
What do the other 35000 accidental deaths e.g. murders, falls, drowning etc receive? What do the health related deaths receive?
Also 25% of the RAF goes to legal costs. The system must be too complex even if one takes the view that it should still exist.
What do other countries do?
What! People don’t make unethical decisions because they are greedy. Well we know that they don’t do so for the benefit of others or to donate their ill gained spoils to charity.
Informal fallacies rule the roost here. Prof Piet thinks the corrupt, the crooked, the dishonest are not after money, they are after the end. The end being social status which is built on what they have, and what they have (or want) is in turn directed by a society that accords massive social power to material wealth which equals private wealth.
How is material wealth / private wealth not about money and greed and the size of the bank account? Either learn to call a spade a spade or pull the other one.
Not sure what the news is here? Surely the RAF is a SOE? In which case it would obviously be mismanaged, broken, looted and dysfunctional. The only thing missing from this article is where the board members and/or politicians blame apartheid.
I think one should be fair to him.
The DA is the modern version of the PFP, except that along the way it picked up the baggage of the NP voters etc.
In other words a once largely english liberal party has become an all embracing umbrella under which stand former apartheid supporters and racists together with those who do accept a new SA and do have a different approach. They are all in the same party and that’s what we see playing out. NP voters and PFP voters couldn’t stand each other and now most of the NP supporters are in the same bed and quite frankly, we don’t like each other anyway!
A party that was totally opposed to the death penalty started calling for referendums on it well knowing that there was no constitutional basis. The DA has become too all encompassing including liberals and racists and it needs to find proper roots and the racists must find another home if the DA is to succeed and gain black support.
No Hilton- It did not “suddenly” come to us.
This crises has been brewing since 1994 when the ANC took over this country. In the late 90’s the real problems started with their affirmative action programs and the retirement of senior experienced staff.
During the mid 2000’s I attended quite a few meeting of the Energy Intensive User Group as an alternate member representing a large Gold Mining Company and already the build program was looking quite stretched as the large projects of the time was being pushed out because of over capacity.
We warned on numerous times that the delays will result in a deficit of power given the growing economy of the time. Still in 2006 this could still have been avoided had Ingula been on time and Medupi started on time with “Bravo” in final planning for tender.
All this was then derailed by exceptionally poor executive decision making and non existing design and project management skills.
Only the weak economy of the last 8 years have spared us a worse fate. If the growth had not plateaued/tapered off we would have been a lot worse off.
SA has come off the rails and complete collapse is imminent!
Only once this train wreck has come to a complete halt can it be righted, sadly it usually takes events like Rwanda to reach this point. (Zim is close, but not quite)
How many of our politicians and affiliates, at all levels(municipal, national, diplomatic, ‘et al’….), can even read our constitution? Let alone know what is contained therein? Yet, they swear to uphold it! Even to God, they swear!
Zombies, hold the power in this country, for they have no soul and therefore, have no remorse or guilt when they enter that church on a Sunday!
The Rand rally is from dollar weakness. No one believes ANC plans anymore.
The PRIVATE healthcare sector is a BUSINESS. It has been created because the PUBLIC healthcare sector is terrible. Government takes BILLIONS in public money every year for healthcare and does what with it, exactly? The answer to SA’s healthcare problems is not to drag private healthcare down to the level of public healthcare, its to get rid of the utterly useless ANC and put a competent party in charge who can fix public healthcare with the money they already have by employing honest, efficient public servants who will do their jobs and expand on the training programmes we have.
Also don’t understand why the great “relief”. Its the same people that messed it up in the first place. Does anybody really belief they can come up with a workable solution?
“and others who are entitled to free or subsidised electricity are also being disconnected.”
Where do I sign up? What entitles someone to free electricity.
This is an absolute joke. The whole country has good reason to sue eskom EXCEPT SOWETO!!!
The problems are still coming, I am a living example of why the tax revenues are dwindling. I was retrenched a year ago, my PAYE was over R300k. For at least the last 5 years before my retrenchment I never paid SARS anything less than R300k. All that money they will never get from the business that employed me. That position will never be replaced as the work will be absorbed by the existing team. Thats one example… the banks are looking at retrenching more than 10 000 people in the next 36 months (with SBSA closing 100 branches). Mines are planning retrenchments of over 20000 people in the next 5 years. How many will the SOE’s put out of employment in this current admistration?What about failed businesses, we see them in business rescue day in day out. The biggest single problem is the rampent corruption in the country in general…. Where in hell does SARS expect to see revenue growth from?
They should be tattooed on the forehead. “Please don’t ever reproduce”
Kusile and Medupi should soon be retired and still not working.
Must be terrible to realize you just have no ability whatsoever.
What is annoying is when they talk they make out as though they know exactly what is going on. From the top to the bottom they know nothing.
CR say’s ESKOM was severely damaged by state capture. Wonder where he was? Oops I forgot. Before being NO1 SOE’s fell directly under him.
No idea. He is trying to run it like a union. The socialist way.
Tattoo him please.
It turns out that wearing a funny hat indoors is not enough to be able to run Eskom.
If I don’t pay I am disconnected- immediately.
Why did Eskom allow things to get out of hand, as with Municipalities?
Was the ANC making the call?
“..just 10% of residents are paying for electricity in Soweto” and residents want to take Eskom to court!? My f0k Marelize..
In 1994 under pressure from the world, who would not be held accountable, we gave the keys of the Rolls Royce to the kids.
Expect nothing less, in churches after the collection is done it is not given to the poor, underprivileged or uneducated to count.
Travelling in this country used to be a pleasure stopping in little dorps that were clean and had nice hotels and corner cafes to have a meal or a cool drink. staying over was fun, nice dinner a walk in the silent street before bed. A peaceful sleep and a nice breakfast before your days drive.
Alas no more……………….thanks ANC.
What utter nonsense reasons given by Herman.
Zille is the chairman but she does not decide on policy and she has never been anti-poor either.
Childish from Herman or perhaps there was another reason but resigning because the chairman you wanted didn’t get elected is very odd.
Trying to do further damage by saying the DA will no longer be pro-poor is shocking, can see him in red overalls soon.
When do you apportion blame to the political party that has put these losers in place and leaves them to destroy the country??? This is the ANC at work. You know the peoples’ party, helping the poor. OR helping make people poor
Many years ago, I was taken on a tour of Lethabo power station, circa 1986. Funny thing that we were able to do a proper design with rather primitive computers, compared to today’s, and that Lethabo is still working without major issues. So what, pray, has changed since 1986, when good old Boere en Soutie engineers could design power stations that actually worked? (And please don’t tell me it was foreign companies who made it a success. Hitachi and Alsthom were also involved at Kusile and Medupi.)