Minister of Finance Mr. Pierre Laporte went to the National Assembly to present one of the most anti- business ,anti- Seychellois, anti FDI budgets ever presented to the one party state National Assembly last week. There was no debate, no value critic, no amendments made to the budget worth noting.
The gruesome one party state budget was just ram rod down the throats of the People of Seychelles from the poorest Seychellois struggling with years of failed policies under James Alix Michel Administration, to the Seychellois business person trying to take a chance in this Communist casino with his money.
Foreigners are now seeing the high end risk factor of investing in Seychelles, after Eden Island a mega million Dollar project of villas and marinas ended up having Five ( 5) windmills installed courtesy of PL regime, as its view point , destroying the value of this investment overnight for the poor soul that bought a place on Eden Island at a premium in the day of promises of heaven.
Now as usual, PL delivers the hell part of the deal with Five (5) ugly eyesore windmills towering over the development. PL will likely place Five (5) windmills next to every single development that ever is conceptualized and implemented.
If we want development to work in Seychelles, the first order of the day is to remove these PL who make the most stupid, idiotic decisions a retard (intellectually challenged) could ever dream of. Unbelievable!
The Budget is pretty much the same story, even though Mr. David Pierre (he claims to be Spongebob that lives under the sea) played it cool and did not debate the matter in the one party state National Assembly. Play it cool, to keep the cash cool, right or wrong? Remember this Spongebob your moustache cannot hide your words of deception to the People of Seychelles. We all see you as clear as the day and as clear as your head.
The 6% Salary Increase Joke
Did you see Minister Pierre Laporte dancing the polka with this 6% salary increase just for government employees? He danced to the right, then to left, swiped his chin and checked if his feet were still connected to his legs to do this 6% step dance. In the end, the money he said could not come in January as is usually the case with an increment, but it will come in the middle of the year, maybe, in July…..maybe not.
What kind of minister exposes openly that his government is so weak that it cannot give a 6 % increase in salary or just shut up about it if you do not have the money?
The truth People of Seychelles, is Minister Pierre Laporte knows we do not have the money even for 1% salary increase. But INFLATION which he is tasked to control under 2% per month has in fact been soaring because of fake rates of exchange at 5% or 8% monthly in Seychelles for the past 24 months. This means the workers of Seychelles are slowly but surely, as the sun rises and the sun sets, dying a slow but sure death under Mr. Laporte and PL program with help from IMF.
Only the fat cats in government with Two salaries like Mr. Laporte himself, or those fat cats in the opposition like Wavel Ramkalawan and his trail of silent ex MNA with pensions between 36,000.00 per month to 10,000.00 per month can survive the reform Mr. Laporte has in mind for Seychelles. The program Laporte is implementing is making them rich. They do not even have to work for the rest of their lives.
These SNP doo-doo opposition will take home Scr. 20 Million in pensions in 10 years, and Mr. Laporte is ok with that of course. Silence has a price. Who will step forward to defend Ramkalawan and his gang of sell outs?
People of Seychelles , open your eyes. When your Christmas becomes painful in the most beautiful country in the world, there is a problem, because this land of ours is beautiful enough , to make every single Seychellois live a life of comfort, dignity and respect.
Anti –Business Budget
FDI Bites The Bullet of PL
Seychelles is listed as one of the main anti business countries in numerous indices. So far Eden Island has been able to squeak by with its project, but the resale value of these units with the new windmills in place besides it and other windmills soon to come to increase electricity capacity for Mahe, will destroy Eden Island as an ideal investment. Mr. Heegar has learnt a painful lesson when dealing with the PL, indeed, unfortunately, it will be more painful for his buyers.
Mr. Laporte made not a single announcement to streamline customs procedures in Seychelles. This system in place is so corrupted, and so difficult to collect goods every single person or company that imports anything into Seychelles successfully can qualify for the GOLD MEDAL of business accomplishment. Customs Imports works well only for the well corrupted in Seychelles. That has been the case since 1977 and it is still the case today.
25% Tax For Stock Exchange Companies
All of a sudden, out of the blue, Minister of Finance makes an announcement that any company that registered on the new stock exchange, gets 25% tax rate. Wow!
Does Mr. Laporte think he deserves a Gold Medal for encouraging stability in Seychelles? What about all the other companies that may not trust your Two (2) South Africans based at Eden Island, who do not want to register with your shady Stock Exchange?
Why do we have to pay a higher tax rate?
Screwing the Seychellois business man again? Screwing every single foreign investor again? How many times does a government screw a people until it has screwed them enough?
The Why of the 25%
People of Seychelles and all you good foreign investors that took a gamble on this casino royal called Seychelles under PL, Minister of Finance Mr. Pierre Laporte has created this special incentive for the stock exchange listings because no one wants to list their companies on the stock exchange to sell and dilute their interests to Sheik Khalifa.
Mr. Laporte, in full on conspiracy with James Michel will list every single government owned company like SEPEC, NOUVBANQ. SACOS and other interests like PUC and so on to sell out the holdings through share transfers.
They will say they are raising capital to meet demands of projects. But they will at no time, implement the appropriate legislation, limiting the implementation of monopolistic ownership of one person or group of key strategic assets of the country. They will try to sell Seychelles off like there is no tomorrow.
In the end, it will be the People of Seychelles who will suffer. How do I know? Look at what has happened at Air Seychelles another conspiracy to sell our national airline and James Michel was the head of the operation.
Today, instead of helping Praslin and La Digue, Air Seychelles is killing these two islands off with high prices, lack of commitment to hold their flights, lack of cooperation with the Tourism Industry. Flights can cost as much as SCR. 3,000.00 one way Mahe- Praslin. Most of the time, it is 1,500.00.
We have Tourist in Europe trying to get to Seychelles, but Cramer Ball wants us to fly to Hong Kong so Etihad can code share 5 flights week there and make money off Air Seychelles.
PL Tries To Face Debt Repayment in 2013
In 2013 PL will try to face debt repayment, as first installment is due. Since the stock market will not kick up successful and will flop like the floppy disk it exist on, PL will not raise the much needed hard cash to pay off it’s debt installment.
To make matters worse, PL is repaying hundreds of millions of rupees of newly listed debt from Air Seychelles that Col. David Savy left the company with. Now he is in charge of SKYCHEF and SCAA. It will take years to pay off, since Etihad stuck us with the bills and Pierre Laporte, James Michel, Danny Faure, all said: thank you.
When this fails by the second quarter of the year, the PL will tap into our reserves again, this time wiping most of it out completely. By July, when government workers are suppose to get a measely 6% increase in salary, to cope with 5% per month inflation, our national reserves will likely be depleted. Do not expect any money from the TANKERS they lose a $1 Million per month and Captain Guy Adam is no where in site, but the bills keep coming in. Captain where are you? You had so many great ideas what happened? Are you willing to pay back the cost of these tankers personally or are you going to hide, cut and run?
Collapse in 2013
Mr. Pierre Laporte projects a 3% growth in 2013. This is another joke. I wish this chap would start taking his job more seriously. No PL growth projection has ever been true. They lie to you in December, and by the end of the first quarter, they start to make excuses for the downturn. By mid year, they start cutting back expenses. By September, they are broke and need a supplementary budget, to get through the year, and they even print money to do it or tap into the reserves to get by. PL, you bunch of clowns, you cannot run a country like that. If you thught you could, then you will know why we are bankrupt and now under IMF administration and in 2013, intervention.
I would not be surprise if Rene should raises forces and arms his men and throw you lot out of office. You PL’s are worse than Mancham and worse then Rene in his worse moments. Never, has so much national shame been borne upon such a small country by so many reckless men .
Business Gets It in The Pants
Business gets it in the pants as usual. Laporte has imposed an unconstitutional Corporate Responsibility Tax of .05% of gross turnover. As Laporte screws business, he screw business workers and staff as well. This type of scheme prevents companies from raising staff salaries, since they are taking money off the top gross income. It is shameful indeed. Such a scheme should be voluntary at best. If Government cannot afford to meet its commitment to the People of Seychelles, it should be brave, like when James Michel was brave, and Sunday Times covered him standing on the front of State House, begging IMF to intervene in the country to pay a fuel bill that Captain Adam could not manage for SEPEC at the time. I wonder why? Can you believe that? A fuel bill!
If things are so bad, PL should shift gears, revamp the political playing field of this country in a serious way.
It is now obvious PL is collapsing. They are even recruiting former DP every where to cover their butts and people falling out with Ramkalawan and Volcere are being offered jobs everywhere. Some are even being told to wait silently until elections, we will buy you. You can buy a KIA with the money.
Adjust your sails communists, if the wind is too strong, now that there is no PRC base coming to town, you can look forward to Santa Claus, but beware, IMF does not believe in Christmas they believe in you paying up.
Next time be careful about these slap stick deals you PL like to make, you let people around the world walk all over us day in and day out.
SFP will not allow everyone and anyone to walk over us.
You are the why… not Seychelles Freedom Party (SFP)!
Sesel Pou Seselwa!
May God Bless All Freedom Loving Seychellois!