Tuesday, 02 October 2007

Trevor throws a mean egg

Spigot usually confines himself to matters pertaining to the oil business but this one had me cheering . Last night on the news, Trevor Manuel pulled no punches when he called for good governance in the sorry saga surrounding the proposed hefty payments to the coterie of venal money grabbers that run the PSL. He was rightly indignant that it was a member of the banking cartel that was intending to shell out 50 million big ones as “fees” What has happened to South African business ethics when a major business no longer realizes that this fee is nothing but a “you give us 10% and we will see you get the sponsorship “ bribe? Such payments are seriously, deeply corrupt. If a major bank can’t see that this is wrong, I am seriously considering moving my money under the mattress. Now the questions: Did Standard Bank not get the sponsorship because it refused to pay these “fees”? Did ABSA leak the “fees” story so that they would not have to pay? Was someone jealous because they were not included in the payola? In this storm of eggs the PSL and ABSA are both covered with sticky yellow muck an inch deep - and ordinary soccer lovers have yet another reason to stay away from the game. Viva Trevor. Down with the money-grabbing lackeys and capitalist running dogs of the PSL!

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