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Top articles and comments, based on the Moneyweb Insiders activity.
The top shared articles of past 24hours.
    Antony Sguazzin / 20 January 2021 World Inequality Lab proposes range of taxes on net wealth of above R3.82m.
     44      47
    TechCentral / 20 January 2021 Less than a year after Naspers said it would invest R100m in Aerobotics through its Naspers Foundry.
     17      0
    Siphokazi Mnyobe / 20 January 2021 Plett Tourism estimates tourism has dropped by half.
     17      2
    Janice Kew, Bloomberg / 20 January 2021 And concerns around a new class of therapies.
     14      2
    Patrick Cairns, Citywire / 20 January 2021 Among SA unit trusts, lower-risk and international products were favoured by investors.
     10      1
    Jordan Fabian, Bloomberg  / 20 January 2021 Unemployment is more than a third higher than when he entered office, and more than 400 000 Americans have died of Covid-19.
     6      12
    Reuters and Moneyweb / 20 January 2021 This marks the third consecutive month of price deceleration - Nedbank.
     6      0
    Thando Maeko / 20 January 2021 Following the release of the Section 59 Investigation Panel interim report.
     5      9
    Simon Brown / 20 January 2021 She ‘steps into an environment which is overspending, over-indebted and under-funded’ – Cannon Asset Management CEO Adrian Saville.
     3      3
    Liz Capo McCormick, Bloomberg / 20 January 2021 'There is an advantage to funding the debt, especially when interest rates are very low, by issuing long-term debt.'
     2      3
    Ben Stupples, Bloomberg / 20 January 2021 Alibaba shares jumped as much as 11% in Hong Kong trading on Wednesday as Ma resurfaced for the first time since early November.
     2      0
    Joe Mayes, Bloomberg / 20 January 2021 As key customs system is maxed out.
     2      0
    Jordan Fabian and Jennifer Jacobs, Bloomberg / 20 January 2021 I wish the new administration great luck, great success,” Trump said
     2      1
    MacDonald Dzirutwe, Bloomberg / 20 January 2021 Sibusiso Moyo was a former army general.
     1      0
    S'thembile Cele, Bloomberg / 20 January 2021 Alleging he’s unfairly being singled out.
     1      3
The top shared articles of the past 7 days.
    Ciaran Ryan / 18 January 2021 According to an affidavit filed in support of the R60bn class action suit by dispossessed homeowners against major banks.
     1026      49
    Jaco van Zyl / 15 January 2021 Recent legislative changes have made it easier for foreigners to live and work in the country.
     292      22
    Nompu Siziba / 14 January 2021 Entrepreneur Ashley Heather uses and recycles materials from old circuit boards to make gold jewellery.
     189      3
    Ciaran Ryan / 19 January 2021 MTN claimed a dealer was trying to hide 15 items of obsolete stock from an internal auditor. The court didn’t buy this version.
     187      8
    Amanda Visser / 20 January 2021 This would render tax legislation inherently unfair towards taxpayers.
     173      6
    Katie Paul and Munsif Vengattil, Reuters / 18 January 2021 New target date of 15 May set.
     142      16
    Ciaran Ryan / 19 January 2021 Criminal case opened. Liquidators will have to track down thousands of investors using nothing more than emails.
     137      31
    Sonali Basak, Bloomberg / 17 January 2021 Mass unemployment will weigh on the global economy.
     127      14
    TechCentral / 18 January 2021 For areas currently experiencing four-hour power cuts.
     122      12
    Trent Hodges / 19 January 2021 Finding a platform is easy enough, it’s picking the sector and the individual stocks within that sector that is more tricky.
     118      30
    Moneyweb / 18 January 2021 43% of capacity is unavailable, and the outlook is dire …
     113      27
    Amanda Visser / 15 January 2021 The law of unintended consequences could kick in.
     102      1
    Ciaran Ryan / 14 January 2021 Pretoria High Court skips the provisional step and jumps straight to final liquidation for the first MTI-linked organisation to fall. More are expected.
     97      6
    Simon Brown / 19 January 2021 ‘Bitcoin...does lend itself to...illegal activity, simply because the money can disappear’ - Brandon Topham, FCSA.
     95      6
     Felix Njini, Bloomberg / 15 January 2021 'Platinum has only just started to re-rate and it will continue' - CEO Neal Froneman.
     93      1
The top shared articles of the past month.
    Andreas Kluth, Bloomberg / 10 January 2021 The best news about the mRNA shots from BioNTech and Moderna is that the same technique could also defeat many other diseases.
     1186      12
    Ciaran Ryan / 18 January 2021 According to an affidavit filed in support of the R60bn class action suit by dispossessed homeowners against major banks.
     1026      49
    Ciaran Ryan / 22 December 2020 It’s not looking good for the 280 000 members planning on harvesting profits before Christmas.
     904      47
    Duncan McLeod / 7 January 2021 Linked to conspiracy theories around 5G roll-out and the spread of Covid-19.
     836      25
    Dudu Ramela / 11 January 2021 The issue tends not to be security of the contents of messages, but that of one’s personal data: Arthur Goldstuck, World Wide Worx.
     808      33
    Ciaran Ryan / 4 January 2021 MTI’s collapse under suspicion of fraud is attracting heavyweight international law enforcement attention.
     773      39
    Moneyweb / 11 January 2021 Nearly 91 000 members, or 28%, have been lost since 2013 ….
     742      48
    Ciaran Ryan / 23 December 2020 Two applications for the liquidation of Mirror Trading International were filed in the high court on Wednesday by investors unable to withdraw funds.
     635      44
    Ghana Msibi / 7 January 2021 There’s a misunderstanding that a balloon payment makes a car cheaper.
     599      20
    Footage: Courtesy of SABC / 11 January 2021 Read the speech in full.
     540      16
    Ciaran Ryan / 23 December 2020 Members will have to wait until Monday to find out.
     464      47
    Eva Mathews and Munsif Vengattil, Reuters / 9 January 2021 Telegram picked up nearly 2.2m downloads.
     454      16
    Moneyweb / 4 January 2021 The programme remains largely the same, but there’s been a big adjustment to the gym benefit …
     432      23
    Ciaran Ryan / 29 December 2020 Provisional liquidator to be appointed in the next few days to establish what happened to the estimated 23 000 bitcoin – worth R9.45bn.
     363      33
    Nompu Siziba / 12 January 2021 'Bigger properties are taking the bigger discounts’: Berry Everitt, CEO at Chaz Everitt International Property Group.
     358      13
The latest 15 comments.
  1. Mielie

    20 January 2021 @ 10:16 pm
  2. No no, I don’t do nonsense like this. My point was more that people are similarly blind to the hype around crypto currencies.

  3. Honda

    20 January 2021 @ 9:46 pm
  4. Printing money is the worst option because everything that has been saved is worthless and we have Zimbabwe 2.0.

  5. Honda

    20 January 2021 @ 9:43 pm
  6. Jblack no the proposal is to tax wealth at a minimum of 3% per year. This obviously means that most pensioners will run out of money as they will have to withdraw about 7% per year out of their pension funds. Withdrawing 7% a year out of a pension fund is considered unsustainable by most experts.

  7. Pelz-ebub

    20 January 2021 @ 9:01 pm
  8. Could it be that the car hi jacking industry suffers from the very same discrimination ?

  9. eggheadonist

    20 January 2021 @ 9:01 pm
  10. These types of articles always get published just before the budget speech. It is like clockwork: year in, year out. I can’t help but feeling that the government sneaks these articles in, in an attempt to try and soften tax payers up for what is coming. They scare taxpayers with extreme forms of taxation, and in the budget speech, announce seemingly less punitive tax increases. Tax payers then express a sign of relief, and although the announced tax increase are unfair and punitive, they seem less bad than the alternative presented scenario. I wouldn’t be surprize if Judge Dennis and Pickety weren’t put on a retainer by the SA government for the purposes of this surreptitious PR exercise. The only thing that they do not realize – this type of scaremongering is literally driving people to emigrate, and is actually have a negative impact on the fiscus.

  11. Pelz-ebub

    20 January 2021 @ 8:59 pm
  12. Infinite time frames are one of these loveable specialties of Africa. We eurocentric strange lot better get with the program.
    Time is not fleeting – and madness is not taking its toll – in Africa.

  13. DHawker

    20 January 2021 @ 8:56 pm
  14. Everything literally is stashed away in btc & eth.

  15. Paul Kearney

    20 January 2021 @ 8:54 pm
  16. Well not quite. In SA the “crime” of racism need not be proven in any usual court of law and supersedes any other real crime. It is more a Soviet / Chinese affair of guilty to some degree, never innocent; Kafkaesque I suppose.

    The great thing for the squealing “black” doctors is that you get to commit fraud, get caught and then the medical scheme you have defrauded has to pay reparations because you were targeted in excess of your demographic proportion. Pierre de Vos heaven.

  17. Marcelle Nel

    20 January 2021 @ 8:52 pm
  18. This is just more proof that, in general, sewage sludge comes out of learned minds (usually academia).

  19. Pelz-ebub

    20 January 2021 @ 8:51 pm
  20. I marvel already what wonderful additional service the ” Rich ” will be getting in exchange for the additional tax. I think they will be overwhelmed by it and the eternal gratitude of the cadres that can steal again at levels they got used to and are deserving.

  21. jblack

    20 January 2021 @ 8:46 pm
  22. you are being generous. You’ve only done 3% on his paid off house and not the value of his pension. He should pay 3% on the pension too.

    Luckily it isn’t annual tax, it’s a once off wealth tax.

    Except that last line is a lie. Once you tax, you tax every year.

  23. downandoutinstellenbosch2

    20 January 2021 @ 8:43 pm
  24. egghead, the problem is perspective:

    they see this tax as an easy solution to balance the books
    they really believe this tax will only influence a couple of people, in this case 350 000
    to them it is a no-brainer, because they think they can save a bankrupt country

    we know that these 350 000 people are the last to leave
    when they are gone, they will not come back, and nobody will take their place

    but you said it in one sentence:

    the exodus is well on its way

  25. downandoutinstellenbosch2

    20 January 2021 @ 8:34 pm
  26. leah, you say i do not have principles because i do not care about what other people do?

  27. downandoutinstellenbosch2

    20 January 2021 @ 8:30 pm
  28. leah, you say i do not have principles because i do not care about what other people do?

  29. eggheadonist

    20 January 2021 @ 8:12 pm
  30. SA is the last nation on earth that should try this. We have a miniscule tax base. Even if a small percentage of the tax base emigrates as a result of wealth taxes, then the future of the country is dire. The country is running out of tax payers as is. This will only accelerate the exodus.

The top voted comments of the past 7 days.
  1. James Hamilton

    20 January 2021 @ 3:28 pm
  2. Scary stuff indeed. When the focus is not on tax spend yet more on tax collection, then we’re starting – or have already started – to go down a road which doesn’t seem to reward people for hard work anymore.

    I’m all for fair share payment of tax, yet it goes with fair spend as well; wasteful, vanity projects, corruption etc is not fair and more collection won’t solve that problem. As well does SA want to become a nation dependent on SASSA payments? what about effective policing, healthcare and that sort of thing. The wealthy already pay for this in their private capacity, then through taxes they’ll – with some corruption/wastage – pay for others to receive them services, it’s a horror show, as currently those services are dire provided by the state, where is value for money.

    This will just scare more wealth creators away me thinks, there’s no incentive to create wealth in SA with this sort of thinking

  3. CTexecutive

    18 January 2021 @ 6:45 am
  4. What a ridiculous comment. Anyone serious in the SA property business knows all about the auction syndicates. The strong-arming of deperate sellers, the intimidation of potential buyers, hell even the complete fabrication of auctions, ie ask Wendy Appelbuam and her run-in with Auction Alliance, that was way back in 2012.

  5. Sensei

    18 January 2021 @ 7:20 am
  6. No modern economy can survive load-shedding. No modern economy can survive constant lockdown measures. No modern economy can survive a socialist/communist government. No economy can survive when all the SOEs and most of the municipalities are bankrupt. No economy van survive when the majority of voters have the right to extort financial support from a small minority of taxpayers.

    The struggling entrepreneurs and the remaining taxpayers are the real heroes in this country. They do not get the credit and respect they deserve.

  7. troyac

    19 January 2021 @ 5:51 am
  8. By far the easiest way to buy US shares ie Netflix and Amazon is via EasyEquities. Download the app. Simple and cost effective. No minimums. You even get to learn using the demo account.

  9. Incitatus

    19 January 2021 @ 3:30 pm
  10. Profiling? Really? I’d rather say that some groups are possibly far more likely to commit claims fraud. Whose fault is that then? Those who catch them out?

  11. Chris Stoffel

    19 January 2021 @ 12:18 am
  12. If the liquidators had closed SAA down like they should have this little problem would not have come up. The dust would have settled and the employees would have moved on with their lives.

  13. The_Banana_Republican

    19 January 2021 @ 3:49 pm
  14. Just because a data set can be skewed along racial lines does not mean the data set was selected along racial lines. A more pertinent question would be to ask how many of the practitioners identified was eventually found to have lodged fraudulent claims? If a substantial quantity were found guilty the system works, if not it should be redesigned. Its as simple as that.

    I am really getting tired of the equality issue in this country. The majority of nurses are women, does this mean we should bar women from nursing school and force men to join? The majority of convicts in prison are men, does this mean we should send innocent women to prison in order to obtain equality?

    “The people from affluent communities are not affected by these issues. They have, you know, tap machines, swipe machines. You pay before you are seen, or you pay before you leave. They don’t have creditors. They don’t send accounts. And they are not impacted by this behavior of medical aids,” <<< What does he mean by this? That all practitioners of affluent areas are white? Must I now hold public hearings on the racist undertones of this claim? And must I write a report on this as well?

  15. David Brent

    18 January 2021 @ 7:30 am
  16. In 13 years of loadshedding not a single Eskom employee has been disciplined, let alone fired.

    It is thoroughly naive to discount deliberate destruction as a prime cause of loadshedding.

    We have seen vandalism everywhere “stakeholders” have “grievances”: long haul trucks; the railways; health, road and school infrastructure; and during industrial action fomented by untouchable unions.

    Loadshedding is the ransom we pay if the ANC’s alliance and blessing partners are not obliged.

  17. eggheadonist

    15 January 2021 @ 2:03 pm
  18. Growth is unlikely to be forthcoming as long as South Africa continues to show disdain for the value creators. Socialist inspired, policies like BEE, NHI, universal wage, expropriation without compensation do immense harm to the economy. We need to open our borders, drop tax rates, rollback restrictive labour laws, encourage skilled immigration, remove capital controls, drop public sector salaries. We need to pursue free market policies and do it as quickly as possible. If we continue along the current path of socialism, greater misery awaits us.

  19. Pamplona

    19 January 2021 @ 4:06 pm
  20. Boy this victim card is played HARD in SA

  21. DragonX

    15 January 2021 @ 1:50 pm
  22. ‘The National Planning Commission says the pandemic has further damaged SA economic prospects.’

    Dont blame it on Covid.
    Covid 19 just exposed the ANCs weaknesses. That is… They cannot run a country.

    If we built a resilient economy from 1995 onwards… we would have been able to withstand shocks to the economy.

  23. casper1

    20 January 2021 @ 5:39 am
  24. Last year over 70 000 people will have died from TB and not a word from Government or the press. Note that it is a curable disease !!!!

  25. Africa Pragmatist

    18 January 2021 @ 5:16 am
  26. In winter the load shedding gets worse.

    This is part of the diabolical situation we have the ANC to thank for.

    ANC are just a conglomerate of thieves.

  27. Africa Pragmatist

    19 January 2021 @ 3:04 am
  28. It’s called political influence, by the inept and corrupt ANC.

    The same goes for SAPO and all the other SOEs.

  29. casper1

    18 January 2021 @ 4:59 am
  30. LOL –As if the banks are the ones at fault for their defaults !@!
    What a socialist diatribe !!

The top commented articles of the past 7 days.
    Ciaran Ryan / 18 January 2021 According to an affidavit filed in support of the R60bn class action suit by dispossessed homeowners against major banks.
     1026      49
    Antony Sguazzin / 20 January 2021 World Inequality Lab proposes range of taxes on net wealth of above R3.82m.
     44      47
    Thando Maeko / 19 January 2021 Gems and Healthcare Funders' applications to interdict the release of report was struck off the roll.
     67      43
    Alex Webb, Bloomberg / 16 January 2021 While downloads of alternative messaging apps skyrocket, who is actually deleting WhatsApp?
     56      33
    Ciaran Ryan / 19 January 2021 Criminal case opened. Liquidators will have to track down thousands of investors using nothing more than emails.
     137      31
    Trent Hodges / 19 January 2021 Finding a platform is easy enough, it’s picking the sector and the individual stocks within that sector that is more tricky.
     118      30
    Moneyweb / 18 January 2021 43% of capacity is unavailable, and the outlook is dire …
     113      27
    Sophie Plagerson / 16 January 2021 But more is needed.
     8      24
    Tim Cocks, Reuters / 15 January 2021 As Covid-19 rages.
     14      24
    Thando Maeko / 15 January 2021 The National Planning Commission says the pandemic has further damaged SA economic prospects.
     19      23
    Jaco van Zyl / 15 January 2021 Recent legislative changes have made it easier for foreigners to live and work in the country.
     292      22
    Moneyweb / 14 January 2021 Due to a loss of generation capacity.
     28      19
    Justin Sink, Bloomberg / 14 January 2021 A post-presidential conviction could bar Trump from ever seeking federal office again.
     1      17
    Mcebisi Ndletyana / 17 January 2021 The country's civil service is notorious for wasteful expenditure.
     15      16
    Katie Paul and Munsif Vengattil, Reuters / 18 January 2021 New target date of 15 May set.
     141      16
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