PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Paulus
 
Comments: 3
Article views: 1714
 
 
Latest Badges:


 
View all Paulus's badges.
 

How to make a million or 10

16 January 2012, 10:43
This is a fictional tale for those of us who wonder where we went wrong.

Long long ago, in a not so distant province, it was decreed that the people need a nice new rapid rail system. This lovely public transport system was to be completed before a big sporting event, which is not allowed to be named without paying royalties to some Swiss dude. Just so the country can show the world that they can get to the airport on a narrow seat.

This railroad was nicknamed the Shilowa Express, because all glory must go to him that is in charge. Alas, soon the open-ended budget started climbing, deadlines came and went, and it was realised that Hades will freeze over before this project can be completed on time, never mind in budget. So the nickname died a silent death, to be replaced by it's current horrible moniker, the Gautrain , a name which no tourist whizzing to Sandton from the airport can pronounce.

Tenders were asked for to build this shining beacon, and soon every newly created company with the right credentials and no experience  were scurrying up and down to find a actual company that can do real work. Let's look at one possible scenario, for the sake of the story. 

Let's say PEE enterprises wanted to tender for the supply of crushed gravel to fill the tracks with. PEE already had the right contacts, and was guaranteed to get the tender. So PEE approached Piet's Transport CC with an offer Piet could not refuse. "I need 100,000 tonnes of gravel, name your price. And fill in this pesky tender document with my name on while you are at it"

So Piet sourced his gravel at R1000 a tonne ( a random number), added R500 for his effort, and produced said tender document. PEE duly  added another R1000 per tonne to the price, handed it to his bud, and voila!

Quick and easy R100 million is made for PEE, and he doesn't even have an office. Neither does he have to deliver anything, Piet will take care of it.

Everyone is happy.  

Except me and you, whose taxes are actually paying for this, and who must now pay more for the privilege of riding on this train, with the narrow seats. 

Of which the project is still not finished.

Now take this story and apply it to every single portion of this massive project and you will realise why it costs R7 billion, no, R15 billion,  sorry, is that R20 billion? 

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.

Read more from our Users

Submitted by
Michael Georgiades
Concerning Angus Buchan: I believ...

A local council in Scotland have criticised Angus Buchan on his beliefs concerning homosexuality and that men should dominate women. This is a minor example of having different beliefs. Read more...

0 comments 768 views
Submitted by
Lebo Mashishi
Phosa brings hope to ANC branches

Phosa has challenged the ANC branches to rise up and cleanse the ANC from corrupt and self serving individuals. Read more...

0 comments 62 views
Submitted by
Jesse Green
Latest trends revealed for the So...

At the end of July 2017, there was an overall drop of 20% in salaries across the board. The good news is that even though, job seekers tend to feel motivated by money in a tight economic climate. Read more...

0 comments 61 views
Submitted by
Theo Du Preez
The rugby X-files

There are a lot of x-rated players in the other five teams, but I think that Leyds will ignite much needed fire in the backline, with Viljoen and Willemse not far behind in the x-files.  Read more...

0 comments 100 views
Submitted by
Alexander Dowding
The Davis dagga judgment and what...

Cannabis is still illegal in the Western Cape and the other eight provinces of South Africa. Read more...

0 comments 340 views
Submitted by
Ima Peter888
Women have come a long way but a ...

Women have made significant inroads into the world of commerce, but a lot still needs to be done to put them on par with their male counterparts, argues Ollie Madlala. Read more...

0 comments 168 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.