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Thread: Overspending/underestimating/wasting

  1. #1
    Silver Member Graeme's Avatar
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    Overspending/underestimating/wasting

    I buy myself a Noseweek from time to time, just to take a sample of the "skulduggery-level" in our rainbow nation. I am seldom disappointed.

    The latest edition deals with, amongst other things, some of this country's exploding budgets - it makes interesting reading - remember, this is our money:-

    Cost of the arms deal: Was R30 000 000 000
    Is now: R50 000 000 000

    Pebble Bed Modular reactor: Original estimate: R847 000 000
    Latest estimate: R31 900 000 000

    2010 FIFA World Cup: Was R2 300 000 000
    Now R23 000 000 000

    Gautrain: Was R4 000 000 000
    Now R25 200 000 000

    Taxi Recapitalisation: Was R4 000 000 000
    Now R7 700 000 000

    Does any of this surprise you?

  2. #2
    Site Caretaker Dave A's Avatar
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    Some of those other blow-outs make the arms deal look tame
    The trouble with opportunity is it normally comes dressed up as work.

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