taxpayers’ money | Radio 98.3FM

The ANC Treasury General, Paul Mashatile, was apparently unaware that an invoice was made for the debt to be paid.

It was apparently only when the invoice, with an amount of R102 million, was shown to him, that the sparks flew.

An investigation has now been ordered following the invoice issued for the delivery of 35,000 election posters that were apparently not approved by the party.

Mashatile was apparently unaware of the deal until the invoice was brought to his eyes, and an investigation is now underway as to who is responsible for the mess.

However, it appears that the ANC did receive and use the posters, and will thereby also be responsible for paying the bill.

Nedbank chief economist Dennis Dykes says the Zuma regime has cost South Africa R470bn.

Dennis Dykes says they have done a thorough calculation that is South Africa’s loss due to corruption, maladministration and distorted policies in Jacob Zuma’s second term.

He says there was an estimated loss of R140bn due to taxes lost and now having an impact on the economy.

He also points out that government debt would also have been 49% less, amounting to R250 billion.

The amount lost in the latter half of Zuma’s regime is greater than Eskom’s total debt burden.

In response to the interview that appeared in Business Day, a businessman from Pretoria was merely saying, “Zuma, you bastard.”

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

Posts tagged with 'taxpayers’ money'

ANC regime gets billed for R100m for 35,000 election posters – The taxpayer will probably now have to shake his pockets to pay the bill?

Economist says Zuma government cost taxpayers about R470bn – What a waste of good money!