Heads I win, tails you lose.
The only bold things in SA are State looting and cash in transit heists.
we have to take bold action
don’t be part of the problem
rather late than never
if you can’t take the heat, stay out of the kitchen
now is the time not to be afraid
monday morning first thing
OK, I have done my part for the day in the talking section
now back to work, to earn more to pay more tax
so that the people in charge can do the talking
The infrastructure spend program always gets stuck with corruption and procurement.
as long as the ANC rules…we all know the answer!
Like it or not, the DA are the only party in South Africa with a track record of something that can be recognised as good governance.
It is obviously an enormous and extremely bitter for any ANC follower to swallow, but even if you don’t like the DA, you’re going to have to vote for them for South Africa to improve in any way.
Over the past 25 years, the ANC have brought nothing but looting and destruction.
From EOH unbelievable value destruction by the previous management team’s shenanigans. Don’t envy the current team, almost think the EOH tag is a negative to underlying businesses turn around. Surely the previous management team can be sued as it appears they walked with enough to be playing private equity games in town currently…they KNEW what was going on and sold shares took bonuses with that knowledge.
AdaptIt was always a “me to” acquisitive play, don’t think there was ever any real substance below the hype and pretension of organic growth.
Silverbridge sticking to their knitting and turned from losing shareholder capital last year but really a tiny company, don’t understand why they are listed?
Not much good to say on IT sector right now….feel like a Grinch!
When you have a leading party that just refuses to put a stop to the theft of electricity or the non-payment for this and other services, this is what it gets to. The pot runs dry.
Lol, woops. I love statements like these.
Point of Order! South Africa is not a third world country. Far from that and far above that.
We are not a country, never will be anytime soon. We are a confused geographic location, Surrounded by countries and the sea on three sides; western sea, eastern sea and the southern sea convergence.Easy to enter very difficult to exit… Try going to Botswana or Namibia illegally… not even to Zimbabwe.
That’s what we are… Free for all.
“The incessancy of load shedding requires bold action”
NO S#$T Sherlock? the fact that this is found novel to be reported is an indication of the problem in SA..
Mweb quality jurnos surely a reflection of something..
‘make me wonder if the present is better than the future, or will the future be worse?’
Some more examples @ exchange rate 19/2/2020 and all for sydney post code
FORD (these are made here as far as I know)
Entry Level Ranger Double Cab: ZAR362k or AUD36, AUS AUD44
Raptor: ZAR 837k or AUD83.7, AUS AUD85.5
BMW X3 (made here)
2.0 base price: SA AUD69k AUS AUD 64
Volkswagen POLO (not made here – vivo is as far as I understand)
BAse Polo: 25k vs 19k (your 30 % example)
Top of Range: 31.5k vs 27k (17%)
Polo GTI: 40 vs 35 (14%)
So I guess if you want to drive the most sold car in SA, you will pay that 30% premium. But there is other options – Ah, that choice thing again
Get rid of the unwanted. The freeloaders. Don’t pay those close to retirement to leave. They also most probably are those that add value to Eskom with their experience.
The very interesting concept of inequality in South Africa is the fact that we have millions of foreigners for poorer countries coming to South Africa. This inflow of people influence our local jobs and small businesses negatively.
For too long the pendulum of human rights over swang too far to allow illegal immigrants over the world to migrate to “richer” and politically/economically (capitalist) countries. This allowed socialist countries to misuse their powers to enrich their corrupt leaders, furthermore the rich countries became the scapegoat for corrupted poor countries. This is exactly what happened to South Africa after 1994. Instead of growing a wealthy economy for South Africans, we sit today with millions from poor countries which burden our citizens even more.
State capture furthermore is evidence of our leaders doing exactly what happens in corrupt socialist countries.
Socialism is the root evil for corruption, and corruption on grand scale is the first sign of socialism’s failure as a economic system.
A state bank is a daft idea. What will this bank be able to do that commercial banks can’t or won’t do? The idea that this state bank should provide funding to projects and individuals that the commercial banks won’t touch is downright scary. This implies that like in the case of Eskom, the PIC will become the “lender of last resort”, as the Reserve Bank is for commercial banks.
In effect, the ANC politicians will be using the State Bank to lend our pension money to people who have no collateral and who are not creditworthy, to themselves in other words.
Not to mention the idea of a state bank run by the ANC is laughable and scary.
It will make VBS look like someone shoplifted a chappie.
Foreigners are not the problem. The locals are the problem – lazy, entitled, uneducated, unemployable and violent. It isn’t foreigners setting universities and municipalities alight. Foreigners weren’t disrupting SONA. Foreigners are a convenient excuse used by a population unwilling to acknowledge its own failings and inadequacies.
I honestly don’t understand why this is even debated.
We pullout this graph then that table and we compare this with that and apples and fish.
Government and the ANC can promise whatever they want.
If they don’t get rid of their Socialist /communist and unionist policies.
NOTHING WILL CHANGE.
In was not inspired nor was I impressed by his speech. More of the same empty promises. Big talk about Eskom and IPPs and renewables but we all know the ANC can only talk. Doing is a foreign concept.
Same spin as last year about digital migration and spectrum allocation. Guess they have not found a way to enrich themselves yet.
Same spin on police recruits than last year.
Same spin on the cUtting public spending that we have heard from him in his last 3 SONAs before. But the ministerial handbook will not be changed. The ridiculous perks will not be taken away.
His hands are tied with the number of overpaid and under-skilled workers and he seems powerless at best. Dancing to the tune of other’s at worst.
We are not a developing country – we are a Regressive country !!!!
I thought VBS was the cadre wealth fund? I suppose now that its been emptied, they need another one …
The real challenge is to find a way to insulate the quality of service delivery from the quality of the intellectual capacity of the average voter. A democratic system enables people to change their entire community into a reflect their personal or private circumstances. This phenomenon is moving at great speed to transform the entire country to resemble the traditional rural homelands.
When the right to vote was restricted in the industrialised part of South Africa, the few shaped the infrastructure to resemble their mindsets. Now that the right to vote is universal, the majority enforced their particular mindset on the shape of the infrastructure and service delivery.
The problem is, those voters who destroyed service delivery do not like the consequences of their own actions. They protest and burn tyres to demonstrate their unhappiness with their own influence over service delivery! In short, they are protesting as a group, against their personal levels of intellectual capacity. What else can explain the situation?
Now, the court came to their rescue and reversed the decision of the voters. The municipal council, that was elected by the voters, is disbanded by the courts. The court says, by implication, that the intellectual capacity of the average voter is far too inferior to allow him to demonstrate his wishes. The court says that the voters are not accountable. They are not compos mentis. You have the right to vote, but for your own sake, don’t use it!
Privatisation of service delivery is the insulation that is needed to save service delivery from the average voter. A company is not a democratic system. He who has the most brainpower has the most votes. This is what we need to save the country from the ANC.
This would not be the problem age group. Rather fire for non performance.
This article is FUNDAMENTALLY MISLEADING. It is not all expat’s, and certainly not all South African citizens, that will be impacted by the changes to the Income Tax Act with effect from 1 March 2020. Even though there is a sentence at the bottom that (correctly) states ‘The Amendment does not apply if … you are no longer a resident of South Africa for tax purposes’, this is way at the bottom of the article and people will have read the full article and feel a sense of panic and confusion before coming to the final paragraph, if they make it that far.
So let me assist in clarification — the changes to the Income Tax act only apply if you are a South African TAX RESIDENT. Most expat’s in Dubai (or, in my case, Abu Dhabi), and across the world, will no longer be resident in South Africa for tax purposes. Accordingly, they will NOT be impacted by the changes to the Income Tax Act and no Financial Emigration is required. They will suffer no adverse tax consequences as a result of being a South African expat or citizen under these changes, as long as they are defined, in accordance with the Income Tax Act, as NON-RESIDENT for South African tax purposes.
The Article states ‘From next month South African expatriates will be required to pay tax in SA on income above R1 million earned from employment beyond the country’s borders.’. This is a broad sweeping statement that is NOT correct. Again, this only applies if you are a South African TAX RESIDENT and not as a blanket rule to all expat’s or all South African citizens. NO Financial Emigration is required to avoid the changes to the Income Tax Act as the changes will only be applied if you are resident in South Africa for tax purposes. The Income Tax Act is very clear as to who is defined as a South African Tax Resident – most expat’s will not be regarded as resident in South Africa for tax purposes.
The article also states ‘Tim Mertens … says those earning substantially more than the equivalent of R1 million a year are likely to financially emigrate’. This is unlikely to be the case. Financial Emigration is NOT required and most South Africans will not need to undertake this option to avoid changes to the Income Tax Act. The Income Tax Act is very clear as to who is defined as a South African Tax Resident and most expat’s / citizens living abroad will NOT be impacted by the changes to the Income Tax Act from 1 March 2020.
Despite the single sentence at the bottom of the article, I really wish the article would be clearly written in such a way so as to correctly reflect the fact that most South Africans will NOT be impacted by the changes to the Income Tax Act, rather than using the article as a selling point for unnecessary Financial Emigration.
CHARLES ARNESTAD CA(SA), CFA
Ja no well fine — That did not take too long to bring out the begging bowl !!!!
I said this before, clip the birds’ wings, cause he ain’t flying anymore… SAA will probably end up flying to all Communist countries to carry the hundreds of foreign commie flyers to and fro SA, i.e. China, Russia, Cuba, Palestine, etc. Most expensive airline in Africa and worst service. As a taxpayer, I no longer want to participate in this ponzi scheme… The average ANC voter will most probably never fly SAA, poor souls. Love live SAL
I want to join the comment re Japan, Korea etc. Add to this Vietnam and Cambodia . Unemployment is less than 2% . They work because they have to… because they have willing attitude ..because no one does “handouts ” . They export because they have a reliant work force and they are cost effective. Go and see how big factories are operating . Samsung, Honda.. huge factories. They do not blame the past .. they live now and for the future. Lesson to the EFF ? No.. they want handouts