LETTER: SA simply cannot afford ailing SOEs
Unbelievably, at Eskom the average annual salary of its 46,665 employees is a staggering R785,557
In an effort to cling to power, the ANC has handed out tens of thousands of jobs at state-owned enterprises, such as Eskom and SAA, to employees who are not really needed and therefore vote for the ANC out of a fear of being retrenched by a DA-led government.
Unfortunately, the government does not have the money to pay for all these unneeded employees and is already taxing its citizens far too heavily. Consequently, it is forced to choose between retrenching unneeded employees (which will cost it votes) and relieving whites of their wealth (their land, businesses, investments and pensions).
As the ANC receives little support from the white community, it is almost certain to do the latter if Ace Magashule’s radical economic transformation faction gains the upper hand (“Ace Magashule refuses to back down on radical transformation”, April 7).
On this point, one notes that public-sector compensation increased from R154.4bn in 2006/2007 to R584.7bn in 2018/2019, which is R272bn more than if it had risen in line with inflation. Unbelievably, at Eskom the average annual salary of its 46,665 employees is a staggering R785,557.
JOIN THE DISCUSSION: Send us an e-mail with your comments. Letters of more than 300 words will be edited for length. Send your letter by e-mail to email@example.com. Anonymous correspondence will not be published. Writers should include a daytime phone number.
Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.