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The pessimists got a penthouse with a swimming pool in New York, while the optimists got a bunk in Dachau. – Holocaust survivor.
$31 billion? That’s 10% of SA’s GDP. Puts things in perspective about our importance in global economics, yes?
They were sliding way before Zuma and Ramaposa.
All Nefarious Criminals !! Viva !!!
There is a ladder to this pyramid:
Capture the branches. 1.2m anc branch members bless branch people that bless city people that bless regional people that bless national people that decide everything for national provincial and local government and SOE through the cadres they bless.
So, 60m of our futures are decided by 1.2m branch members, most of which are fake.
absurdly, there are not 2m decent ANC supporters that can take control of their branches.
A roadmap of London is only of value for someone in London. We’ve got the right map, but we are at the wrong place. This renders the map useless. Pearls before swine.
The voters of the ANC are not victims – they are complicit fellow criminals fully deserving of every bit of misery that voted for !!!!
When countries join the EU they sign up for a package deal : all for one and one for all. You can’t have example Hungary deciding oops they don’t like this part of the EU consensus! Then they must do Hexit – that did not turn out well for Brexit.
the EU needs to bite the bullet, pay equivalent of a fancy coffee more per day in energy and double the current putin sanctions.
The only local shares I buy are those with overseas assets
“Money was also spent on buying houses, flashy cars and expensive handbags, to name a few. Why wasn’t the source of funds for these transactions not proactively investigated by the various links in the transaction chains?”
May I add cattle to that list? …. And why isn’t it being investigated now?
The operation and control of the State fell into the hands of an incompetent, corrupt, cabal called the ANC the day after the first election and removing it will be as difficult, if not impossible as removing dry burrs from corduroy slacks and your Airedale terrier’s fur after a walk in the veldt.
You may also find bloated ticks leeching off its blood – just another analogy.
Agree in general, especially not the listed fun damagers – basically flat or down last five years 😉
Amazing how many people thought that the Constitution was the Country’s saving grace and path to Utopia!! I used to have it shoved down my throat when I was considering emigration, about how it was the best Constitution on earth, and it left me bamboozled that I wasn’t seeing this “thing” that a lot of people were seeing!
Well, to all those people, you have now witnessed the ANC wiping their KFC filled backsides with your Constitution, so never allow a piece of written law in Africa to cloud your judgement again, Africa doesn’t care for it, or you at this point!
“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” – Frédéric Bastiat 1880
The moral code that glorifies it, in this case, is BEE requirements, and the ANC created the legal system that authorized their criminal and treasonous behavior by destroying the integrity and efficiency of the legal system through cadre deployment. They did this to enable the demolition of property rights. The entire legal system now protects and enforces plunder through redistributive laws and taxes. The idea of a developmental state is nothing more than a smokescreen for plunder.
It took the honorable Judge Zondo 4 years and R1 billion to write a detailed story about the effects of socialism. He could have bought “The Road to Slavery” by August von Hayek for R300 instead and read it in 2 days. While the Judge won’t receive the Nobel Prize for his book, Von Hayek actually did.
This entire ANC catastrophe is a destructive and broadly anticipated repeat of history. Unemployment, crime, and malnutrition is the price the voter pays for his ignorance.
I don’t want an apology, just a huge dividend from their pile of cash.
Apologies for the repeat but the equation remains solid and proven, construction industry health = leading political party health, so much so on this continent.
If a combination of communist labour unions plus a communist government causes the cost of labour to rise faster than the price of apricots, they will inevitably create unemployment. If a socialist dispensation allows municipal rates and taxes and other administered inputs like electricity to rise faster than the price of pears, it will lead to unemployment.
South Africa has the most redistributive policies on earth. That is why our unemployment levels are the highest on earth and rising. Although 80% of the youth are unemployed, they can at least boast of a nice minimum wage that the government organized for them. They haven’t got bread on the table, but they have a “living” minimum wage and workers’ rights if they can find a job.
As we have said before, unemployment is a manmade disaster. The market mechanism is basically telling the government that their political-economic policies are a disastrous joke. This government dreams that it is superior to the markets. Well, when they wake up, it will be too late. the jobs and the taxpayers will be gone.
There is absolutely nothing the DA in the Western Cape can do about this. Administered costs, taxes, labour laws and the minimum wage are forced upon them by Luthuli House. The situation can only change if the DA and FF+ are in charge of economic policy.
So many years, so much evidence of graft and yet still no arrests. or prosecutions or convictions.
Sadly Justice will never see the light of day….it is the way of the “new” South Africa”. Which is run by crooks and thieves and paid for by the taxpayer. How on earth did we come to this? Presidents who steal or/and break the law…politicians who don’t have an ethical leg to stand on,….bankrupt Municipalities….collapsing SOE’s and no end in sight. No one …..not one person held accountable for this chaos. Pretty disgusting and sad state of affairs.
Seen from a distance, and explained from a cause and effect perspective, it is clear that socialist labour laws enabled the factory workers to consume their job opportunities and to turn the capital value of the factory into sewage.
Once they close the factory it will become a lot cheaper to purchase and can then be re staffed at a competitive rate !!
This is a disaster which simply cannot be allowed to happen. If the Western Cape government cannot raise these funds and save this industry, they do not deserve their positions. I note that the directors and board of Tiger are being very nicely paid though.
I think MW should interview Premier Alan Winde on this.
Just stop the investigations and BS — send her straight to jail man !!!!!!!!!!
The most successful tool, guaranteed to turn a formal economy into an informal one, is legislation. Socialist redistributive policies like labor laws, taxes, minimum wages, BEE requirements, local beneficiation laws, and operating licenses create an incentive for entrepreneurs to operate outside of the law. The illicit tobacco industry is a case in point.
A “vibrant and growing informal economy” proves that government intervention is destroying the formal economy. Only the formal economy provides the taxes that fund the social grant, the public sector wage bill, and the salaries of members of the Tripartite Alliance. Members of labor unions are 100% dependent on the formal economy because the informal economy does not recognize “worker’s rights”.
All these senseless legislation and interventions by the government, are merely leverage to extort consumers for the benefit of politically-connected interest groups. That is why a big government leads to a small formal economy and a vibrant informal economy. Laws and legislation create a profit margin for criminals.
Truck drivers can only have rights if those rights are taken away from consumers. The government merely transfers the rights of consumers to politically-affiliated special interest groups. Government cannot create rights out of thin air. In the end, the consumer pays for it all.
Actually, it’s the taxpayer who’s being milked, on an ongoing basis by Luthuli House, while the economy collapses.
While Dear Cyril trades cattle for cash, undisclosed and unreported to SARS?
Tackle the rabid predatory looting by the Government disguised as 3 forms of taxes if you want a real difference.
Eskom should from the start have offered wage decreases of 30% for lower scale workers and 60% for higher ranked workers. Then they could have settled for -20 and -50%.
Numsa cannot at all back up allegations of corrupt IPP deals, or a new form of state capture.
The dire financial situation at Eskom is widely publicised, R 396 B in total debts. It received R 240 B in bailouts since 2008, and is still receiving R 20 B or more of tax money this financial year.
Starting packages at Eskom for new, unskilled employees is around R 380k a year, average wage almost R 800k per annum. So Eskom employees have relatively very good salaries with a real unemployment of around 45% in SA, expanded definition.
The trade unions have repeatedly accused sinister forces in favour of privatisation of Eskom to be behind the continuing sabotage at the utility. They know very well who are in reality are behind these terrorist acts. People who want the present management out, so they they can start again looting at a massive scale.
Trade unions have become complete forces of evil and destruction in SA.
Oh, Dear Cyril … So … “The strategy aims to maintain sustainable agriculture production, unhindered supply of seeds, fertilizers and other agricultural inputs, access to markets and stable functioning of food value chains.” Will you be telling this to your Russian counterpart? Will you be telling him that his actions threaten the lives by malnutrition and hunger of millions of Africans? Will you?
“More than that, the summit is our opportunity to contribute to a better world, in which all countries have a better chance to recover from this pandemic and to flourish.” Once again, will you be telling your Russian and Chinese counterparts that their foreign policy actions are destroying any hope of a “better world? Will you?
I somehow doubt it.
You can cancel at any time.