Dear MyPE SA Express did not report on key compliance requirements for taxpayer-funded bailouts to the value of R1.2 billion over the last year and the additional R164 million allocated in the medium term. This information was tabled in a report provided to Parliament’s Appropriations Committee this week. As a condition of its bailout, SA Express was required to “report to the Minister of Finance, the Auditor General of South Africa and parliament on the utilization of the R1.2 billion … [Read more...] about How did SA Express use R1.2 billion in bailouts before liquidation?
Ashor Sarupen
SAA still not paying employee taxes over to SARS
Dear MyPE It has come to the attention of the Democratic Alliance (DA) that South African Airways (SAA) is still not tax-compliant, despite this being a condition of tens of billions of Rands taxpayer bailouts to the ailing state-owned company. This was revealed in a report tabled to Parliament’s Appropriations Committee on the 11th of May 2020. Last year, in an attempt to begin to institute financial controls over SAA, National Treasury imposed the following condition onto SAA in return … [Read more...] about SAA still not paying employee taxes over to SARS
Why Eskom’s System Remains Vulnerable
Dear MyPE Government gave Eskom a R23bn-blank cheque. National Treasury gave Eskom R23-billion in equity from the 2019/20 budget without any conditions or requirements to clean up its act and keep the lights on. This information was gleaned from a reply to a parliamentary question I tabled which also showed that this was the first time such cash injections and government guarantees have been transferred unconditionally. What makes this particularly troubling is that the 2019/20 … [Read more...] about Why Eskom’s System Remains Vulnerable
