Results 1 to 2 of 2

Thread: Overspending/underestimating/wasting

  1. #1
    Silver Member Graeme's Avatar
    Join Date
    Sep 2006
    Posts
    253
    Thanks
    73
    Thanked 19 Times in 18 Posts

    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
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    Some of those other blow-outs make the arms deal look tame

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •