Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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The Government is planning more bailouts for a number of badly run organisations in South Africa. South African Airways, in particular, must be the record holder for the entity that has had the most bailouts. There has to be a limit, one would hope, as to how many times an organisation has to be given money. I don’t want to fly in aeroplanes that are not properly serviced, but at some point every company needs to be run properly.
It is one thing to once in 10 years get a bailout and be given tax money that taxpayers essentially ultimate pay, but for it to happen again and again as it always does with SAA is terribly concerning. SANRAL will have to be given money to pay off its e-toll debt, which apparently will ultimately be recovered from the Gauteng Province. That again shows that those, who for example, decided not to pay the e-tolls and not register will be paying for it in one way or another, because our tax money will still go to it! It shows you sometimes the futility of campaigning against something because yes, you avoid paying for it in a certain way, but all that happens in a situation like this is you just end up paying for it in a different way, because any Government bailout of any entity is after all funded by all of us, the taxpayers. The Post Office is also short of money and needs more money to apparently improve its software systems. Apart from that, the Trans- Caledon Tunnel Authority also needs money as it has been struggling to pay for its Lesotho Highlands water project debts.
Posted by Michael de Broglio on Thursday 16-Aug-18
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Comments
Shristi said:
on Tuesday 04-Sep-18 09:34 PM
I simply cannot fathom why the taxpayers need to pay the price for the mismanagement of funds within state-owned companies. I personally believe that those who are responsible for the mismanagement of funds should be held accountable.
Prishani said:
on Tuesday 04-Sep-18 04:29 PM
At the end of the day, whether we like to admit it or not it all comes from tax payers money, I mean surely at some point the government will stop taking from its citizens and start holding these companies accountable, before a trend starts forming which will be quite a disaster.
Liz said:
on Tuesday 04-Sep-18 03:37 PM
There should definitely be limits as to how many times a company can be bailed out. There is no goal or incentive to manage the company better or even try to as they are assured of another bailout by the taxpayer.
Natasha said:
on Tuesday 04-Sep-18 10:18 AM
If companies are offered Bailing out they are going to keep on accepting it and the people that pays taxes have to help companies to be bailed out i dont think it is ever going to stop
Lucretia said:
on Friday 31-Aug-18 02:43 PM
I am so tired of hearing about SAA being bailed out I can actually cry when I think of the amount of money that has been wasted. Every time there is a new CEO, which has been 7 in the last 5 years, there is another bailout. What does that say...…………….corruption is rife in SAA.
Mathilda Du Preez said:
on Wednesday 29-Aug-18 03:45 PM
Mismanagement of the taxpayers money and what do they have to show for it
Absolutely nothing because they are so use to getting bailouts
Michelle D said:
on Wednesday 29-Aug-18 02:20 PM
The SANRAL thing is particularly irritating to me. Some of us obeyed the rules and bought e-tags despite the Government's mess up and we will now effectively pay double than those people that disregarded the system. Those people who fall above the tax bracket are already extremely heavily burdened with tax, the idea of being more heavily taxed is scary.
Nicolle said:
on Wednesday 29-Aug-18 12:11 PM
What would be interesting to know is why are state-owned companies eligible for bailouts? If these were private companies, what would the consequences of mismanagement be?
Joyce said:
on Tuesday 28-Aug-18 04:59 PM
Sounds like taxpayers are the only source of government finance
Daniella said:
on Tuesday 28-Aug-18 02:45 PM
The reason that these company's keep needing bail out is simply because they are offered a bail out. They are running these companies terribly because they ultimately know that they have a safety net to fall back on.
Jadine Richards said:
on Tuesday 28-Aug-18 09:57 AM
It is really upsetting that SANRAL funds will be made up for from our taxes considering I actually paid my e-tolls diligently from their wicked inception. As for SAA, I really have zero hope anymore... an SAA flight isn't even affordable so I don't see why South Africa should even bother.
Tamaryn said:
on Friday 24-Aug-18 04:36 PM
If there is no change in how they run these institutions the bailouts are never going to stop. There should be a rule that if they come across any irregular or wasteful expenditure that no bailouts will be considered.
Michelle said:
on Friday 24-Aug-18 12:39 PM
Its one evil circle of life and very true. I prefer not to pay my E toll account so I'm one of the guilty ones.
Jadine Esterhuizen said:
on Wednesday 22-Aug-18 07:23 AM
These are very well known companies that often being at the top comes with a scandalous price of mismanagement and mismanagement of funds costing us as taxpayers more.
Alexis said:
on Monday 20-Aug-18 09:17 AM
Wow....seems like a lot of places need a bailout...and yes, unfortunately the taxpayer is the one who suffers the most. Maybe, just maybe, if they changed their attitudes and worked like they should and provided the service we all want....we would use them more and they would not be in such a predicament
Victoria said:
on Thursday 16-Aug-18 01:31 PM
I agree that its not fair that these big companies like SAA and Sanral keep needing bailing out from the government because of miss management and bad decisions. In the end us as taxpayers always pay the price.
Ashleigh said:
on Thursday 16-Aug-18 09:04 AM
All departments that are government related need money.... All we do is pay pay pay and you see no changes anyway and things are always being implemented for more money for the government and nothing that we ever give will be enough to improve anything because its all for corruption.
Bianca N said:
on Thursday 16-Aug-18 09:03 AM
I feel like we work so hard just to make ends meet, and yet government organisations are not run properly and then it is up to us to pay for it. If they just managed it better this wouldn't be the problem but it's easier to just take money from the people of our country than actually fixing the real problem.
patrick said:
on Thursday 16-Aug-18 08:50 AM
We can keep on bailing them but as long as we don't change management and put management with good intentions we not gonna win.
Clare said:
on Thursday 16-Aug-18 08:41 AM
I really am so tired of how our hard work and hard earned money gets taken from us. And then we still sit and pay all this stuff and we sit with Load Shedding and we have water problems, TV service is repeated.. Why??? Why do you pay for this is everything is falling apart. the Post Office is always on strike we never getting post and then when you go their they are always offline.
Fikile said:
on Thursday 16-Aug-18 08:40 AM
It's quite funny that the government is planing on bailing out companies while they keep promising people jobs but never give them. Our own government has failed us and now it needs help from the people that is not working for, people pay tax, e-toll, buy electricity, pay their TV licences and more but still the government still wants people to pay more stuff so that he can help the companies that need to be bailed out. I don't think it's going to work, they have failed us
Jessica said:
on Thursday 16-Aug-18 08:40 AM
I fail to understand why the failure of leadership should be the problem of the average South African? SAA is a failing enterprise and I wonder if it is really necessary to have a National carrier when it is costing us so much
brumilde said:
on Thursday 16-Aug-18 08:01 AM
You work to survive and pay tax on your salary, then everything else you buy has tax on it. the little amount you have left after petrol and tax is shocking. but we all knew that either way we will be paying for that joke of a system E-tolls. the government really needs to improve but we can all dream a little dream
Helen said:
on Thursday 16-Aug-18 07:46 AM
I am not very surprised that majority of the massive companies are not managed properly! And interesting fact that again taxpayers are the ones who should pay for the loss.
I was reading SARS web site the other day, and I would like to quote the following: "The Income Tax you pay enables the Government to meet the social and economic needs of our country and its people, ensuring a better life for everyone."
Personally I can not see better life for myself from the tax I pay: for all school fees in the country we have to pay; the medical care is expensive, there is no special subsidies to pensioners and people who needs care.
So what better life SARS is talking about?
david said:
on Thursday 16-Aug-18 07:03 AM
bail outs for companies plundered by their directors, who are never investigated or charged. just bleed the tax payer a little more.
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!