WHY PROFITS FOR STATE ENTITIES?
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.