@BuddyWells1
Buddy Wells
4 months
The media plays an integral part in state capture… exaggerating the severity of the symptom (SOE losses) while ignoring the cause (unnecessary outsourcing at inflated prices) so that they can promote privatisation of public monopolies as the solution, when it is the problem.
@News24
News24 🇿🇦
4 months
News24 | State-owned companies rack up huge losses for 2024
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Replies

@FanieSP
FanieSP
4 months
@BuddyWells1 Perhaps stick to Music because economics is really not your thing.
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@BuddyWells1
Buddy Wells
4 months
@FanieSP Happy to discuss any point that I make that you disagree with. If you can’t argue a point, and just want to disparage, I’m happy to block.
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@Chaldon_P
Chaldon Pretorius
4 months
@BuddyWells1 What's the reason for unnecessary outsourcing?
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@BuddyWells1
Buddy Wells
4 months
@Chaldon_P Corruption.
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@lonwabo___
' S U M Z I 🍃
4 months
@BuddyWells1 Outsourcing exists because the ANC gvt prioritises the tendering system and because it lacks capacity. How is the media to blame for SoE failure to deliver?
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@BuddyWells1
Buddy Wells
4 months
@lonwabo___ I very seldom read newspaper article about corruption that properly identifies the tender system that allows unnecessary outsourcing / procurement as the problem, and calls for stopping unnecessary outsourcing & for proper overseeing of procurement instead of privatisation.
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@marquis_john
Johno
4 months
@BuddyWells1 So are you saying that the losses are made up? That the implosion of their business activities is made up? The real issue lies in the skills and technical abilities of the staff. the technocrats were replaced by bureaucrats highly politicised. Start there
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@BuddyWells1
Buddy Wells
4 months
@marquis_john I’m not saying that at all. Read it again.
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@Cosi_za
Cosi..
4 months
@BuddyWells1 The media has been captured long before the state. Same playbook everywhere.
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@khwezi_shange
Khwezi Shange
4 months
@BuddyWells1 Yes. I thought it was just my theory but I'm glad I'm not alone in thinking this
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@WolfelFigaro
wolfel figaro
4 months
@BuddyWells1 By outsourcing you mean under preferential procurement with its economic rents?
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