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Top articles and comments, based on the Moneyweb Insiders activity.
The top commented articles of the past 24hours.

    Opinion

    The five financial steps you must take in your golden years

    23 Oct 2021  /  Samukelo Zwane and Johan Strydom   3

    Fast News

    ANC unlikely to win Johannesburg majority

    23 Oct 2021  /  Felix Njini, Bloomberg   3

    South Africa

    Striking steel workers to return to duty by Monday

    22 Oct 2021  /  Masego Mafata, GroundUp   2

    Fast News

    COP aims to end coal, but the world is still addicted

    23 Oct 2021  /  Thomas Biesheuvel and Samuel Dodge, Bloomberg   1

    Fast News

    SA will move on rates if inflation persists, Kganyago says

    23 Oct 2021  /  Prinesha Naidoo and Francine Lacqua, Bloomberg  
The top commented articles of the past 7 days.

    South Africa

    Where did you get my telephone number?

    21 Oct 2021  /  Adriaan Kruger   49

    Economy

    Higher inflation may be on the way out

    19 Oct 2021  /  Roelof Botha   14
The top commented articles of the past month.

    South Africa

    Where did you get my telephone number?

    21 Oct 2021  /  Adriaan Kruger   49

    Mineweb

    Rich nations pitch climate aid to fund SA coal exit

    29 Sep 2021  /  Antony Sguazzin, Bloomberg   46

    South Africa

    Eskom remains on a knife edge

    14 Oct 2021  /  Moneyweb   39

    South Africa

    National pension reform: Why we must do it

    8 Oct 2021  /  James Stent, GroundUp   32

    Opinion

    Mauritius is making residency even more attractive to South Africans

    26 Sep 2021  /  Zainab Bouziane and Reinert van Rensburg   31

    Economy

    Youth unemployment: Two knock-on effects to expect

    10 Oct 2021  /  Bryden Morton and Chris Blair   29
The latest 20 comments.

BlackyTalkss

23 October 2021 @ 7:59 pm

Watch, they will go into a coalition with EFF and EFF will eat them alive. Once those lunatics take power anywhere in SA we will miss the ANC.

BlackyTalkss

23 October 2021 @ 7:52 pm

Their only goal is to suck up as much money as possible from the middle classes. They do not care about making things work

BlackyTalkss

23 October 2021 @ 7:50 pm

The law in SA only applies to the people who are law abiding. For everyone elss its totally optional.

TheSpark

23 October 2021 @ 6:10 pm

You miss the point.

When money lands in your foreign account, it gets reported to the Reserve Bank and to SARS. If you have made a profit, you owe them taxes on that. If you have taken large amounts offshore you are also obliged to declare it and may be subject to tax.

Just because the cryto fans are evading tax doesn’t mean that SARS doesn’t have visibility of it. It just means that they haven’t followed up on them as yet.

But SARS doesn’t play around when it comes to penalties.

Africa Pragmatist

23 October 2021 @ 6:05 pm

The amount of money the ANC has stolen, wasted, corrupted away, in Jhb, is just staggering.

It is unsustainable to have the ANC in power.

Two thirds of the employees, employed by the ANC’s patronage system, do absolutely nothing.

The city will be much better off with the ANC. They are horrifyingly bad.

casper1

23 October 2021 @ 5:54 pm

Can’t be – surely !!
No defeat for the mighty ANC and the Squirrel is possible !!!

Liyabona

23 October 2021 @ 5:11 pm

Why would you bring back the money to a SA account when you can just spend the money directly from the foreign account?

Julius Cobbett

23 October 2021 @ 2:44 pm

If Haese and Myburgh want to see who has done the most damage to Nova, by a mile, all they need to do is take a selfie.

TheSpark

23 October 2021 @ 2:34 pm

It’s actually very simple for SARS.

Already there are mechanisms and laws in place whereby any money that hits a fiat account outside of South Africa that belongs to a South African is reported to the Reserve Bank and onward to SARS.

They don’t need to know anything about crypto. They just need to list companies dealing in crypto and tax anything landing in a South African account from those companies.

Pamplona

23 October 2021 @ 2:25 pm

SARS is the income stream for the gangster state. They serve no other purpose. May they all rot in hell

Cynical optimist

23 October 2021 @ 1:48 pm

Sometimes we are a whiny bunch. Americans are taxed for the income they earn outside the US even if they no longer live in the US, the only way to prevent this, is to relinquish their US citizenship. Permanently.

NR

23 October 2021 @ 1:36 pm

As articles on Moneyweb tell us nearly every week many private sector employees and the self-employed have insufficient funds for retirement. Promoting this concept that pension investments have to somehow not just provide for one’s retirement but also act as a nest egg for beneficiaries (hence promoting a high commission living annuity) is unhelpful for most.

We could really do with some more creative products available at retirement. Instead of being offered ever more non-risk pooled products, why can I not, for example, buy at age 65 an annuity that would cover may basic needs with CPI inflation from the age of 75 or 80. It can be worth ZERO if I don’t make it to that age and that will help keep the upfront lump sum cost low – particularly in SA with short life expectancies. Then I can use my living annuity and investments to cover me for 10-15 years without all the stress of longevity risk through the best years of my retirement. Such products are available in the US.

heerdro

23 October 2021 @ 1:24 pm

Why do they always threaten the law abiding Tax payers.
They can not even trace the money Zuma and his cronies transfered legally to Dubai and Pakistan.
Crypto rules!!!!!!

The Oracle 2

23 October 2021 @ 12:53 pm

Zimbabweans can’t organise a pi$$up in a bar never mind dealing with border issues. Total incompetence just like our SOE’s… Viva Land reform, Viva!

The Oracle 2

23 October 2021 @ 12:51 pm

Do lifestyle audits on everybody that buys R3m+ homes and R500k+ cars. I know numerous people making 2-10 times my salary but I pay 90% more tax then them…

boepens

23 October 2021 @ 12:20 pm

a friend has a transport business importing goods into Zimbabwe. Every truck departs Mzansi with an envelope of USD for bribes along the way. His trucks are sometimes refrigerated so they just bribe through if they get stuck. To speed things up they should speed up the graft payments at the border.

Quidditas

23 October 2021 @ 11:39 am

Not any longer. I was hospitalised for Covid and belong to Discovery Classic Comprehensive medical scheme. Disco paid less than 50% of X-Rays, I was faced with a R6000.00 shortfall in hospital fees, The rental costs of the oxygen concentrator were not paid in full.

So I had to pay in just over R15K with a medical aid. Roll on NHI …

Seriously

23 October 2021 @ 11:36 am

Stoffel iI see you are a cerebral athlete representing who exactly?

TheSpeculator

23 October 2021 @ 11:17 am

Thank you SARS, I will minimize my pension contributions in March/April next year.

I will spend what I earn on myself and for myself while you watch.

I am not your slave.

Ergo

23 October 2021 @ 11:10 am

Please continue with the reporting. My Father-in-law sadly lost a lot of his retirement money with this bunch. He got in quite early, was happy as they paid initially. I didn’t know them but said the returns look suspicious. He was quite happy though as he was told he was investing in ‘brick-and-mortar’. He sadly passed away 2 months ago so will receive no justice. May they get what they deserve..

The top voted comments of the past 7 days.
  1. EFF Commissar

    20 October 2021 @ 12:48 am
  2. Zimbabwean’s have been suffering under collective sanctions for years. These sanctions have destroyed the economy and created these economic refugees.

    The sanctions were aimed at the leadership, however it’s ordinary Zimbabwean’s who are suffering.

    Until the collective sanctions end, Zimbabwean should be allowed to live freely, without hindrance in South Africa.

  3. Africa Pragmatist

    20 October 2021 @ 6:03 am
  4. Besides corruption, the biggest problem we have in SA is an unsustably high number of illegal immigrants, including Zimbabwe.

    They know that it is more than 5million but it could stretch to about 10 million.

    This important of desperation and dependency is one of the key factors holding SA back.

  5. Zuluboy

    20 October 2021 @ 6:40 am
  6. The idiotic ‘open-border policy’ that the EFF espouses, did you ever think of the consequences of such a move?
    How on earth would SA support all these people when already we are struggling to support even our own citizens?
    Why don’t you and the EFF’s top six lead by example and open your houses and accommodate all these people?

  7. Dude

    19 October 2021 @ 12:54 am
  8. It would be interesting to see how much emigration is impacting the top tier plans in terms of declining membership

  9. casper1

    19 October 2021 @ 8:20 am
  10. The guavamunts could not even maintain the hospitals gifted to them in 1994 and this pie in the sky scheme of theirs are going to fly???
    Like a brick yes.

  11. Seve Roux

    22 October 2021 @ 3:48 pm
  12. Give it to them Ryk, obviously they don’t like you for reporting the truth

    Besides, you had a proxy to represent someone, which is only fair

    One wonders what they’re trying to hide

    I’m sure what they did is illegal, surely your friend should have a recourse to take them to task?

  13. Funguyinjnb

    20 October 2021 @ 6:51 am
  14. Hey EFFC,
    ‘ Zimbabwean should be allowed to live freely, without hindrance in South Africa.”
    all whilst you pay for their education, medical services, social needs, security services and subsidised housing.
    Spot on for you.
    How many Zimbabweans do you have currently have staying in your house?

  15. edalsg

    18 October 2021 @ 8:52 am
  16. Unemployment is indeed a crisis : Who created it Cyril ??

  17. NavSin

    19 October 2021 @ 8:20 am
  18. Then nobody would want to be ceo of any company or bother to do anything of value if the rewards are the same as doing nothing… My friend… Little knowledge is very dangerous… Think hard about it.

  19. Kevjones

    20 October 2021 @ 6:40 am
  20. So the government of Zimbabwe assumes no responsibility of their mess. It was the sanctions and nothing else. How delusional. Sanctions did not destroy Zimbabwe, Mugabe destroyed it.

  21. Navigator

    23 October 2021 @ 12:20 am
  22. Lifestyle audits sure. Just like the ones we do on prominent politicians.

    One rule for you, another one for them. Can SARS explain how JZ can afford millions of legal fees a year?

    Or maybe they’re just not interested

  23. Africa Pragmatist

    21 October 2021 @ 5:51 am
  24. I know this as a fact, having been subject to it, the biggest offenders in selling personal information are the banks.

  25. Incitatus

    20 October 2021 @ 8:24 am
  26. Back when the Rhodesian currency was at parity with the UK pound, and the country was known as the breadbasket of Africa, they still took up arms to “liberate” themselves from having enough to eat and a successful economy. Their failure today to take up arms, indicates that they are happy with being poor and starving. They deserve no sympathy whatsoever, because they are getting the government they deserve.

  27. MOK

    18 October 2021 @ 9:10 am
  28. Yes, we know Mr President. Our crisis has a name: the ANC. You will not be remembered as liberation heroes, but as those who destroyed the future of two post-apartheid generations.

  29. James Kingston

    22 October 2021 @ 3:48 pm
  30. So, let me get this straight… Did Nova hire a bouncer to prevent someone from attending the AGM?
    I am lost for words.

  31. Navigator

    21 October 2021 @ 4:11 am
  32. The ANC will be a partner with the successful bidder and they will select a design that has never been tried before.

    It will cost 12x and become operational in the latter half of the century.

    Meantime we will import radioisotopes from Cuba at 10x the market rate.

    Sound familiar?

  33. BeesWax

    20 October 2021 @ 9:06 am
  34. I do not know what all the fuss is about, they got what they voted for.

    Venezuela and Cuba also got what they voted for, they voted with their hearts and not their minds and cannot eat anymore.

  35. Yourhighness

    19 October 2021 @ 9:09 am
  36. Yeah, right! Like we all stand in the same queue at home affairs for an ID or passport around the block and round the clock hoping that you can see the one doctor whose pay is just the same standing up or lying down. Oh and pray Mr. Commy-Tzaar that his computer isn’t offline when you get to the front of the line to see him.

  37. Incitatus

    18 October 2021 @ 1:00 pm
  38. But wait! Fortunately they have all the land, and that is all one needs to be a huge success.

  39. Rob Handfield - Jones

    22 October 2021 @ 12:51 am
  40. The fundamental problem AARTO was meant to solve was the notification and summons process under the Criminal Procedure Act, which was routinely abused and flouted by local authorities who knew it was cheaper and easier for motorists to pay a fine than contest defective service in court. Those abuses persist to this day outside the AARTO pilot project areas.

    The simple solution was for all fines to be served either in person or by registered post, the same standard of service required for initiating documents in other judicial matters. It could have been fixed simply and cheaply two decades ago and a points-demerit system could easily have been bolted on.

    Instead, the DoT rejigged the concept to monetise traffic enforcement with no regard to actual road safety, and create parallel structures to the criminal justice system into which comrades could be parachuted with multi-million Rand salaries.

    The idea itself does not contain defects which could be cured by Parliament if OUTA wins; it is a massive slithering, mumbling defect in totality.

    We should return to the original plan. The problem is that the original plan involved reducing road deaths. The last half a decade of traffic law amendments and drafts provides no evidence that the DoT has the will, technical skill, or competence to do so.

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