Redistribution of wealth through incompetence

I think I’ve worked out how the [post-Polokwane] ANC is redistributing the wealth of South Africa. And it’s not being redistributed to the poor as you would expect.

I’ve also worked out why they are reluctant to privatize State Owned Enterprises (SOE’s) such as Eskom, Transnet, South African Airways (SAA), The South African Broadcasting Corporation (SABC) etc. These enterprises are a rich and easy source of wealth that can be siphoned off quite legally, though not ethically. And the worst bit is that the rich pickings are being redistributed to a new assemblage of amoral, get-rich-quick cunts – the new ANC-connected elite.

Here’s how I think it’s being done:

The [post-Polokwane] ANC deploy their cadres who are also grossly incompetent pricks, to run these SOE’s (normally as CEO’s). It’s vital that they are incompetent; the more so, the better. This prerequisite ensures a quicker turnover in the CEO position; which means that another cadre can have his turn at the feeding trough much sooner. The brilliance of the scheme is that when these thieving bastards get found out, we’re told that they have to coerced into stepping aside through the inducement of a golden handshake, which invariably turns out to be millions of rands. That is the simplicity and beauty of this scam.

Its been going on for years, and most, if not all SOE’s have been targeted. The latest instance involves the CEO of the SABC, Solly Mokoetle who is allegedly receiving a settlement of around R30 million, for less than a year’s work. It’s therefore not surprising that Roy Padayachie, a relatively unknown but apparently well-connected Minister of Communications was on hand to commend Solly and say that it was time to

open a new page and start a new chapter

Off course we all know what that new page and new chapter means. A new cadre waiting expectantly in the wings for his or her turn at the trough.

But, perhaps I’m just imagining things…

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