WHY PROF­ITS FOR STATE EN­TI­TIES?

Weekend Witness - - Opinion - TONY BALL Dur­ban

ESKOM r eports that it s prof­its dropped to R9 bil­lion. As a la yper­son, I am puz­zled as t o why it has t o sho w a pr ofit.

As a g overn­ment en­tit y, an y prof­its that are made should be ploughed back into the business in t erms of g et­ting ne w and main­tain­ing old infr as­truc­ture, but I sus­pect that the manag ement prefers the “profit” sce­nario so it can claim big bonuses for os­ten­si­bly do­ing a gr eat job .

I trust that the staff in charge of debt col­lec­tion are not el­i­gi­ble for an y f orm of bonus.

Busi­nesses in S A ar e los­ing mil­lions thanks to this in­ept or­gan­i­sa­tion and I sug­gest that ma­jor com­pa­nies with­hold company t axes un­til the g overn­ment puts it s house in or der in the fields of elec­tric­ity and se­cu­rity.

It would send a mes­sage that business has had enough. Jo­han Ru­pert has al­luded t o this.

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