The judges should be guided by the legal opinions in all the other countries that banned tobacco for best practice.
Oh, wait….
Generally speaking, is this lock-down scenario going to continue next year and also the years to come and as such dooming the world economy?
The market is fully computerized, nothing can go wrong, go wrong, go wrong,……….
Screaming kids and barking dogs are annoying and very unprofessional! Few people have the facilities and self discipline to work from home.
Morning Yanni…Did you read the article…?
Have a great day further & stay out of heavy traffic.
Cheers.
Three years ago my financial advisor encouraged me to invest in a property heavy fund because values were low and things were likely to improve.
Thank goodness I didn’t go down that road!
Yanni …all due respects …you are taking up valuable “Real estate” in the comment section
Come back when you can share something most don’t know of
I see Ace Magashule left his indelible mark on the Free State, his personal fiefdom.
No wonder the ANC has run out of money!
would like to see what would happen if the legitimate liquor and tobacco industry followed the route of the taxi-industry with their threat of 100% full taxis & over the border trips – what would the anc’s attitude towards them – also a cool: “but they are really naughty now”??
Another KZN COMPANY bites the dust? ……..
These articles, commissions and investigations are a waste of effort, money and space. Extrapolating the trend exposes the consequences these cadres will experience. At most, said consequence will be them blushing. But that assumes they are capable of feeling guilt and shame, which in itself is factually incorrect.
Aloota continua.
Another KZN bites the dust? Must be a weather thing!
One of the fiscal policy objectives is the ‘redistribution of wealth.’ It is when the government makes transfer payments(such as grants) to supplement the financial needs of POOR! With this government, the wealthy and the masses are taxed to fund the lavish lifestyles of ANC hirelings who are already financially ‘rich’ for doing nothing.
The deviation from the fiscal policy courtesy of corruption and oversight has rendered the entire policy a nominal piece of work.
Last week at the very same commission, Popo Molefe essentially implicated the ANC top 6 at the time, which includes our current President, in corruption by virtue of the fact they he claimed to have informed them of what was going on at Transnet, and yet they failed to do anything.
What would ordinarily be considered as damaging claims, barely made a ripple in our corruption fatigued country. And yet here we are, trying to convince ourselves that the fight is still there to be won.
With regards to Mokonyane, I believe that anyone who has power to “pick up the Rand” at will, should be entitled to a few perks.
No Supprise here but the reason for the contraction read like a diagnoses from a doctor, only pointing to the symptoms not the root cause of the problem.
This should read something like:
Mining contracted because of the poor policy implemented by the governing party, this has hindered in positive foreign investment whilst pushing up the cost of doing business.
Demand for electricity declined due to price extortion and the inability of government to take action, the suffering and economic hemoraging will continue.
Construction well there is nothing getting built here, everything is in complete decay and the few brave businesses which operate do so staring at the barrel of a loaded gun.
SARS continues to tax citizens into extinction whilst the governing party repeat history again and again by proving that socialism & tribalism do not work as the only reason they force it because it draws on human emotion and that makes people vote.
GDP is expected to contract for 4 more quarters and we will be lucky if we end the year with -15% growth, good luck.
To the JSE; shareholders of listed companies depend on your intervention when directors behave in an evasive way. The likes of John Barton are reputational risk Harvard’s for the bourse. If a director cannot account to major shareholders and continually excuses himself from meetings or does not engage, the JSE should question his fitness to be on a board.
JSE we need you.
No fear, no favors, no exceptions and no holy-cows.
it took them 10 years to figure out that ABSA is a lost cause. Totally useless at Customer relations which is what Private banking depends on
“Taxpayers who have not been auto-assessed, as well as those who are not satisfied with their draft assessments, will be able to file their annual returns from September 1”
In the past you could start e-filing your return from 1-July. So now you can only do it on 1-September. Thanks SARS for unilaterally extending the duration of my interest free loan to you.
Duh Recession — This is a full blown DEPRESSION that will make the late 40 ties look like a cake walk !!!
I have been farming for 45 years, never had hard control over my income. We are price takers, so we developed into expert cost cutters.
When the pipe pouring in is at half speed you close the outlet tap, something very foreign to Africa.
Africa thinks that money grows on trees.
SO what is actually the problem? Has the COGTA minister not explained clearly that crime cannot be seen as problematic since the spoils go back into the economy and in such manner replaces taxes and supports the growth of our economy? Surely this is a simple concept to understand! Of praat ek nou kopdoeke se kak?
Wow, fancy systems, hey.
What a pity there will be no money to loot this year.
Better luck next year, SARS, LOL !!!
Government salaries should have been cut by say 30% during lockdown and that saving should have been used for those without an income.
Many government officials that was supposed to work sat at home on a paid holiday, not even answering emails.
as the taxpayers coughed again, when can taxpayers expect a list of the bad loans?
Who to, what for, amount, terms including security, public interest score, original debt to equity ratio of the business, politically exposed persons, etc etc etc etc etc
So let me understand this better.
He was paid, by his employer, R276 000 000 for working one year.
He does not own the company, the shareholders do.
Let’s assume that he is a really diligent and hard-working chap and he works 6 days per week, 8 hrs per day, which is a very generous assumption.
That means that he worked 52 weeks x 6 days = 312 days. (This is not counting any leave he might have taken)
So he was paid R884 615 per day, every working day. That’s nearly a Million Rand per day. That’s R110 576 per hour for each 8 hour day.
What did he achieve for the company that’s so valuable?
Without Tencent, Naspers would be running at a loss and Bob Van Dyk had no personal involvement in the original purchase of the ongoing Tencent windfall.
This is iniquitous, especially in the current Covid environment where so many people are struggling to survive financially.
PS – I haven’t bothered to convert these numbers into dollar terms – this payment is just so wrong in any currency.
We regularly hear this line of reasoning – socialism and communism are morally justifiable and effective in bringing equality as long as the system is free of corruption. This is a contradiction in terms, an oxymoron. To imply that any collectivist system can be corruption free is like saying a skunk can be kept as a pet, like a cat, as long as it does not stink. That a wounded leopard can be approached as long as your intentions are pure.
Corruption is an inherent part of all collectivist organisations. To remove corruption, law and order have to be brought in. Law and order are inherent to the capitalist free-market system where property rights enforce accountability and responsible behaviour patterns.
Therefore, privatisation is the only way to end the corruption that eventually ruins all collectivist economies. Privatisation brings the law and order that accompanies property rights. Privatisation concentrates and ring-fences errors and criminality in the hands of the owners of the business. The Steinhoff issue is a case in point. The general population was isolated from the destruction of value, while the shareholders, the owners, suffered losses.
Collectivism delivers the opposite results. It isolates and protects the perpetrators of plunder from the cost of their plunder, by distributing the cost among the collective. Ace Magashule sits comfortably in Luthuli House while the Estina dairy project delivered poverty to that community. The collectivist culture incentives the most unscrupulous individuals in that group to exploit the rest at an ever-increasing rate because accountability is shared by the collective, while the fruits of plunder are individualised in the hands of the exploiter.
What do you call the ANC without corruption? – The Freedom Front Plus, or the DA even. If you don’t want corruption, then vote for a party that stands for free-market principles. Anybody who supports the ANC or the EFF do so because they are waiting for their opportunity to loot.
These ‘COMMISSIONS’ are a great distraction to the public, in much the same way as the GAMES were to the Romans.
Explosive revelations – not really, these are all known facts and go way back before 2017.
The ROT, corruption and outright blatant theft that took place within the Ministry of Public Enterprise portfolio (look at what was in that portfolio!), really is difficult to fathom.
The 3 musketeers as they were often referred to in some circles, all of whom have been dismissed/ disgraced as a matter of public record.
Look no further than Malusi Gigaba, Brian Molefe and Siyabonga Gama, where there are still ongoing investigations on all 3. What will come of this – probably nothing. Why, because they know too much and some of those that they allegedly know too much about, are of course still in very powerful positions today.
Public Enterprises was captured many many years ago by the Guptas (one of the main reasons the Zondo commission exists not so), all 3 of the above men had extensive relationships with the Guptas. This capture had yielded illicit billions for the powers that controlled it – if they had stayed there, likely they would have still been looting today.
However, greed can never be satisfied, it was their attempted capture of the Treasury that DERAILED them (excuse the pun). Firing Nene and deploying Des van Rooyen – at THAT time was a step too far even for the most liberal and destructive within the ANC. After treasury it would have progressed to SARB and the GEPF – sound familiar.
The question now – has the Covid 19 ‘disaster’ – provided the perfect cover for what have always been alleged long term objectives within Luthuli house? What Zuma did overtly, has for all intents and purposes just about been nearly done covertly not so – Time will tell.
We need massive billboards all over South Africa stating: ZUMA AND HIS GOVERNMENT ROBBED THE POOR.
Maybe then the poor will wake up and stop supporting the criminals who have stolen everything from them in order to fill their own pockets.
“With his popularity waning, former President Robert Mugabe in 2000 encouraged subsistence farmers to invade the commercial farms that produced much of the country’s exports in the form of tobacco, roses and paprika. What followed was a downward economic and political spiral”.
South Africa is following this failed model.
At what point will she threaten to urinate on Judge Zondo or his Commission?