If you believe these accounts I have a statue in NY for sale
Money into the exchequer from all except connected cadres and taxi drivers.
Indeed. Science is deeply offended. But let’s just call it the Dunning-Kruger Effect, shake one’s head and look for the next laugh – before we cry in desperation.
Sr. Sensei, your content is at times overtaking the article, great read Sir.
My take on this construction sector I’ve repeated few times
bla, bal, bla, construction = political, so not reading the article word for word was enough to fool one into thinking there must also be a new political dispensation coming then ?!
in China yes, in africa they are a complete and total farce. Go look next door in Moz and Angola and other locations. All good fronting the bodywork of a German import but cant then fix it on to a Lada framework.
Why not open the borders to all on condition that they present a valid medical certificate declaring the “Covid-19 free when entering SA?Why is China not on the banned list?
They are even stealing more and more time that they could and should have spend in jail.
I think that people might be threatened by clean energy completely wiping fossil fuel energy off the planet. I think that fossil fuel can still play a role, but hopefully a much smaller one that it is playing now. And that the presence of green energy grows year by year. It is far away, but realistic.
“You have an infection rate one of the highest in the world and the highest in Africa”.
Maybe that’s why it’s called a pandemic … ? As in everyone eventually gets infected.
More importantly the recovery rate is 90%.
South Africa was way,way too slow to close its borders to the USA and EU.
As a result they brought with them the worse form of COVID 19 in the world via the western cape and KZn from their slavemasters or so called
americans and europeans
You have an infection rate one of the highest in the world and the highest in Africa.
These negligent americans and europeans some who live in south africa
many who are tax dodgers should be deport back to where they come from.
Sounds like the advisors who always stated that the JSE is the only place to be. Stay put, don’t panic, it’s a blip, it’s cheap to buy etc etc
And got absolutely decimated.
“No African countries will be subjected to restrictions in the high-risk category.”
Thousands of tourists from South Sudan will welcome this, I am sure.
As I’ve stated before, having an ID book or card proving that one is 18 years of age or older, + the ability to mark an X on a piece of paper gives someone a say as to who rules the country???
Does anyone else see the stupidity in this system?
No end to their idiocy. this so called Guberment seems hellbent on destruction.
I don’t know where the full R492m is but have some suggestions: the mayor’s new car, his wife’s new car, the new cars of various councilors and their families, various items of bling purchased from several local stores, recent very expensive funerals in the area???
Why am I not surprised. I think I am going to roll over and die from “not surprise”. The reason government at all levels is a disaster is simply there are no market forces and no accountability. The local government is voted in largely by those who do not pay for services or pay rates and the election of these cadres is contingent on maintenance of the status quo. Those who do pay rates are expected to carry the can. Tax is SA, at all levels, is an extortion racket and wealth redistribution exercise. Government employees are largely incompetent and appointed on the basis of who they are not what they can bring to the table. Over staffing, theft, graft and corruption are commonplace. There are no consequences for these actions apart from cash cow ratepayers moving to greener pastures and property values collapsing along with all semblance of modern western civilisation. Having implemented tried and trusted socialist policies with highly predictable outcomes, there is indeed a special place in hell for the ANC.
Emfuleni is the old Vereeniging and surrounds. It used to be the heartland of heavy industry in SA. Now, it is a proud monument to one of the biggest achievements of the ANC – the total de-industrialisation of South Africa.
The Reserve Bank is a national asset. So are the JSE and all the listed companies, private farms and small businesses that provide employment opportunities, a regular income, social stability and food security. These institutions are national assets because they are in private hands. They belong to individuals through the pension funds and they serve the consumers by delivering the best products at the best price. Everybody who deals with a bank, or buys a product that has been produced by an institution that uses a bank, or uses the rand as a means of exchange, already has a vested interest in the Reserve Bank. By simply owning a currency that has purchasing power, the average citizen already enjoys all the benefits of the Reserve Bank. Nationalisation will destroy this most important benefit.
Eskom, SAA, 80% of municipalities and all the SOEs are national liabilities. They cost more than they produce. These state entities consume capital and act as a drag on society and impoverish the nation. These entities will consume pension fund assets and deliver a substandard service at an unaffordable price. These self-serving government monopolies exploit the consumers and their only purpose is to act as a special social grant to politically connected cadres and labour unions. These entities consume and destroy the assets of the nation and cause rising inequality and poverty. If the Reserve Bank loses its independence to become another SOE under the control of Luthuli House, the rand will be worth less than toilet paper.
The EFF is a dangerous mob of self-serving fascists that target people with the slave mentality to exploit their ignorance.
Just another attempted bank heist by Julius et co. Clearly the millions stolen from VBS bank has all been spent. On luxury cars, designer clothes and KFC, no doubt. And still the voting public has not wisened up to the EFF’s shenanigans.
The following must be the most cynical statement in democratic South Africa’s blighted history: “and we are proposing a law, an amendment that will take shares from 800 odd private shareholders [and give] to 57 million South Africans”. No Julius, the 57 million will not see one cent of the stolen loot. Only the robber politicians and their obsequious hangers-on will.
Anti-capitalist policies = Unemployment + rising inequality
The unemployment figure proves that the ANC has successfully “redistributed” the capital base in the country. Rising capital formation is a prerequisite for job-creation. Employment opportunities depend on new factories, new mines and new investments in plant and equipment. Anti-capitalist policies like labour laws that incentivise and condone militant labour action, the redistributive rates and taxes regime, the high company tax, BEE requirements and the cost of electricity, punishes capital formation and motivates the flight of capital. Unemployment rises as capital formation shrinks.
This is the law of unintended consequences. The policies that are supposed to bring equality and social justice, delivered rising inequality, more poverty and the injustice of joblessness. The ultimate destination on this highway of the political-economy is fascism. The ANC policies create very promising opportunities for the EFF. The ANC is creating the environment in which the EFF will become the majority in parliament. It will be the staunch ANC supporters, through their support for ANC policies, who will ensure that Malema becomes president. The ANC supporters, because of their ignorance and short-sightedness, are their own biggest enemies. ANC supporters will put the EFF in power, not by voting for them, but by creating the socio-economic environment that supports the rise of National Socialism and fascism.
It was the policies of the previous Weimar Government that created the environment for Hitler to gain control.
The EFF is totally irrelevant in SA, they have made no meaningful contribution to SA.
Just another bit of grand standing seeing they got no attention during lockdown.
First Clicks now this, only good for kicking over rubbish bins.
A better life for (all) those in Civil service!
Bunch of utter imbeciles in government
The greatest “wow” factor in all of this. Is…put it simply. “Wow, why am I not surprised?”
Then I remembered, wherever the ANC and other such ‘commie-revolutionary’ parties roam, nothing besides a trail of destruction lies in their wake! From Chernobyl and throughout Africa a toxic wasteland & mental state are all that remain!
I am invested offshore in foreign currency.
So go for it. Will make life a bit cheaper around these parts and will be the cause of greater inequality.
Inequality is what the EFF wants????? Do they know what they want?
It will just be another EISH!!! moment.
In view of recent, COVID-19 et al, developments eg.
– zero dividends from JSE investments;
– 4% (inflation being 10%) interest on money in the bank.So I lose more than I earn.
– tenants at our properties requesting rent relief, thus reducing rate of return to 2%;
– Sanlam RA stagnant. No growth for obvious reasons. Sanlam’s financials the other day showed big losses. Despite this, Sanlam the losses Sanlam paid some dude R160m.
– the chap that owes me R500 said that b/c Covid-19 he cannot pay me.
So for me, any investment (cANCer govt generated or not) that is going to pay market related returns (and protecting capital) will be more than welcome.
According to Trading Economics, we have got ten million people in formal employment. Our population size is 60 million. That means 83% of citizens are unemployed. 3 million individuals pay 98% of taxes. This implies that 95% of society contributes very little to nothing, while they are living like queen bees. The 5% of citizens who are worker bees are forced to fly all over the place to keep the rest alive.
Every time the exhausted worker-bee enters the hive, he gets abused as a privileged WMC. I honestly can’t see how this beehive can survive. The swarm is cannibalising itself. The majority are squatting on the honeycomb where they can steal their own honey.
This view could be mistaken. I think the EFF are just the ANC’s stormtroopers, 5th Brigade or Brown Shirts and hence a lightning rod for the bad stuff that is going to destroy SA.
Whatever communistic speak you want to use, there are no rabbits to be pulled out of the hat.
They just want your money, and the ANC have demonstrated their prowess in dealing with other people’s money.
No, no and again NO.
Once this kicks in, South Africa will once again soar to New heights! They just need to speed it up. Time is money and we need more efficiency in government. We must understand the value of time to our people.