Trade union Solidarity has launched an attack on Telkom for planning to fire 3,000 employees after paying its executive team more than R100 million.
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R23 Million for Telkom CEO Sipho Maseko, R100 million for executive team but 3,000 employees are retrenched due to lack of finance
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Another leeching SEO sinks – 3000 Prasa employees possibly without work after the wasteful expenditures carried out by ANC cadres
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Like almost all other state entities, Prasa seems to be tumbling as well, with the possibility that 3,000 security workers will be retrenched to balance their financial situation.
Prasa had to cancel numerous security contracts, which was trailed by the cancellation of various maintenance and repairs contracts.
With the large number of cancellations, it’s evident that the good times of lavish spending are over for now, economists say.
Serious concerns now exist about the safety of Prasa’s services, with far less security, trains and vehicles not serviced or repaired as the country begins to approach the economic precipice.