Mauritians, get ready to pay for STC’s error…
16 January 2009 19 Comments

I won’t be long, just a little note how things get going in our paradise island…
The story is as such:
At STC, you have guys at the top management level who decide about strategies and prices of petroleum products…
They make the decisions for which they GET PAID….
But those decisions are not always right… just like the hedging which the STC made…
and at the bottom, YOU….
You PAY FOR their errors.
So, I guess that perhaps for the next review of price for petroleum products, we will see a rise while the price is decreasing worldwide.
Same story for Air Mauritius, but at least there, some of the Top Management Team are resigning from their jobs because of their errors…
As the Minister Gowreesoo said:
“Mauritians will have to pay for this error”




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