Deepening Democracy through Access to Information
Home / What's On RSS ← Back
Amkor|Finance|Brits|Solidarity Research Institute|Top 40|Dirk Hermann

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by


Article Enquiry

The state of government institutions and value for tax money

Verification Image. Please refresh the page if you cannot see this image.

Embed Video

The state of government institutions and value for tax money

13th November 2017


Font size: -+

The Solidarity Research Institute (SRI) is going to launch its report on the state of South African state-owned entities and the value of tax money, tomorrow, 14 November 2017 at a conference.

State-owned entities are measured in this report by their working capital ratio and their Earning before Interest, Taxes and Amortization (EBITA). These accounting ratios are compared to the ratios of the top 40 companies on the JSE.


Depending on the accounting ratios and general management, the five companies are also placed on a scale that reflects the value of tax money. It also looks at mismanagement, corruption and management stability.

“The money that are invested in state-owned entities does not come from a magical golden pot, but from the pockets of ordinary taxpayers who work hard for their money,” said Dr Dirk Hermann, Executive Officer of Solidarity.


“In fact, every taxpayer is a shareholder of these entities. If the government is investing in state-owned entities on behalf of the taxpayer, responsibility and accountability is expected of these entities’ management. If tax money is used to finance personal enrichment and corruption of individuals and families, taxpayers must stand together despite political boundaries, race and class for the return of value on tax money,” said Hermann.

Members of the media are hereby cordially invited to attend the launch of the report and the discussion that will follow its launch.

When: Tuesday, 14 November 2017
Time: 10:00
Where: Centurion Theatre, Amkor Rd 123, Centurion
RSVP: Wilmarie Brits
082 041 4451


To subscribe email or click here
To advertise email or click here

Comment Guidelines

About is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now