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Top articles and comments, based on the Moneyweb Insiders activity.
The top shared articles of past 24hours.
    Suren Naidoo / 7 July 2020 Covid-19 expected to exacerbate already high office vacancies.
     68      4
    Janice Kew, Bloomberg / 6 July 2020 On signs it can settle R190bn in claims.
     48      2
    Adriaan Kruger / 7 July 2020 Government seems oblivious to the dangers of letting the genie out of the bottle with its continued sales ban on tobacco products.
     25      8
    Barbara Curson / 7 July 2020 Zondo Commission delves into the former minister's 'home repairs'.
     19      15
    Nompu Siziba / 6 July 2020 Lockdown is locking down the components of the system that are generating a living for everybody... - Vusi Thembekwayo, founder of MyGrowthFund.
     10      1
    Nompu Siziba / 6 July 2020 We look for SMEs that need funding to execute a contract or purchase order with a large corporate, or certain government departments: Andrew Maren, founder of ProfitShare Partners.
     8      0
    Nompu Siziba / 6 July 2020 Anke Olivier-Kok - Associate Attorney, Adams and Adams
     5      0
    Duncan McLeod / 6 July 2020 The company had been expected to announce the details of the recap at the end of June.
     3      0
    Aoife White and Hugo Miller, Bloomberg / 6 July 2020 As watchdog sets separation deadline.
     3      0
    Elke Brink / 7 July 2020 It seems companies tend to cater to higher-income families, individuals or entities.
     3      0
    Bloomberg News / 6 July 2020 Risking repeat of 2015 bubble.
     3      0
    Mfuneko Toyana, Reuters / 6 July 2020 Bonds on the up.
     2      0
    Nompu Siziba / 6 July 2020 Erwin Rode – CEO, Rode and Associates
     1      0
    Emily Cadman and Sybilla Gross, Bloomberg / 6 July 2020 As Covid-19 tips Australia into its first recession in almost 30 years, generational inequality will be compounded.
     1      2
    Ambar Warrick, Reuters / 6 July 2020 MSCI EM stocks index at highest level since late-February.
     1      0
The top shared articles of the past 7 days.
    Melitta Ngalonkulu / 3 July 2020 If you haven't done so yet – but only for claims for April, May and June.
     511      15
    / 1 July 2020 UIF spokesperson Makhosonke Buthelezi outlines the challenges faced in handling the deluge of Temporary Employer-Employee Relief Scheme claims.
     383      1
    Noah Smith, Bloomberg / 5 July 2020 A large amount of empirical evidence confirms that most day traders lose money.
     315      12
    Roy Cokayne / 1 July 2020 Will exit logistics and has put its automotive arm under 'business review'.
     292      25
    Amanda Visser / 1 July 2020 Taxpayers should take note now.
     266      8
    Muvija M and Emma Rumney, Reuters / 3 July 2020 Headline earnings per share expected to fall by more than 1 782 cents.
     181      16
    Hilton Tarrant / 2 July 2020 Targets the ultra-rich, family offices, and corporate clients.
     164      9
    Ciaran Ryan / 3 July 2020 A new report by Open Secrets puts them back in the crosshairs.
     155      27
    Suren Naidoo / 2 July 2020 As insurance companies face billions of rands in pandemic cover claims.
     149      24
    Ciaran Ryan / 6 July 2020 Cycle theory has a pretty good track record in calling out the tops and bottoms.
     145      7
    Amanda Visser / 6 July 2020 The less you earn, the bigger your tax ‘saving’.
     138      8
    Moneyweb / 2 July 2020 MEC invokes 'exceptional circumstances', extends validity of 2014 roll.
     92      5
    Ann Crotty / 2 July 2020 As lawyers continue to do battle.
     69      12
    Suren Naidoo / 7 July 2020 Covid-19 expected to exacerbate already high office vacancies.
     68      4
    Suren Naidoo / 1 July 2020 Says insurers not paying business interruption claims may deal a knockout blow to the tourism industry.
     65      6
The top shared articles of the past month.
    Melitta Ngalonkulu / 29 June 2020 Those who still have outstanding documents will be attended to. 
     1893      20
    Larry Claasen / 24 June 2020 Looking into whether it acts like a financial services provider.
     933      19
    Adriaan Kruger / 10 June 2020 Why did we miss this opportunity?
     869      40
    Moneyweb Reporter / 24 June 2020 …And what’s left?
     710      6
    Hilton Tarrant / 11 June 2020 Banks, landlords, insurers (who are landlords) in the queue.
     572      18
    Melitta Ngalonkulu / 3 July 2020 If you haven't done so yet – but only for claims for April, May and June.
     511      15
    Ciaran Ryan / 9 June 2020 After Western Cape High Court gave Standard Bank the boot.
     498      25
    Deon Gouws / 12 June 2020 An alternative idea around the transfer of intergenerational wealth that has 'two happy effects'.
     480      112
    / 1 July 2020 UIF spokesperson Makhosonke Buthelezi outlines the challenges faced in handling the deluge of Temporary Employer-Employee Relief Scheme claims.
     383      1
    Ryk van Niekerk / 29 June 2020 Sasol FD Paul Victor reflects on the company’s struggles and outlines its turnaround plans.
     337      9
    Nompu Siziba / 23 June 2020 First-time home buyers may be paying higher rentals than they would pay for a bond now: Shaun Rademeyer, MultiNET Home Loans.
     334      7
    Suren Naidoo / 24 June 2020 Reserves R220m for such claims, with R37m already reimbursed mainly to hard-hit tourism and hospitality businesses.
     319      19
    Noah Smith, Bloomberg / 5 July 2020 A large amount of empirical evidence confirms that most day traders lose money.
     315      12
    Emma Rumney, Reuters / 15 June 2020 The insurer said its headline earnings per share for the year to June 30 were currently expected to be between 70% and 90% lower
     306      21
    Suren Naidoo / 23 June 2020 Due largely to the Covid-19 economic fallout.
     298      19
The latest 15 comments.
  1. Mandinean

    7 July 2020 @ 9:33 am
  2. At what point will she threaten to urinate on Judge Zondo or his Commission?

  3. Johan_Buys

    7 July 2020 @ 9:32 am
  4. The judges should be guided by the legal opinions in all the other countries that banned tobacco for best practice.

    Oh, wait….

  5. boots

    7 July 2020 @ 9:32 am
  6. 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?

  7. boots

    7 July 2020 @ 9:23 am
  8. The market is fully computerized, nothing can go wrong, go wrong, go wrong,……….

  9. Foshan

    7 July 2020 @ 9:19 am
  10. Screaming kids and barking dogs are annoying and very unprofessional! Few people have the facilities and self discipline to work from home.

  11. Soutie

    7 July 2020 @ 9:00 am
  12. Morning Yanni…Did you read the article…?
    Have a great day further & stay out of heavy traffic.
    Cheers.

  13. Senzo Tanaka is your Shidoshi

    7 July 2020 @ 8:58 am
  14. 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!

  15. Leah Buchanan

    7 July 2020 @ 8:46 am
  16. 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

  17. Senzo Tanaka is your Shidoshi

    7 July 2020 @ 8:35 am
  18. I see Ace Magashule left his indelible mark on the Free State, his personal fiefdom.

    No wonder the ANC has run out of money!

  19. Johannes

    7 July 2020 @ 8:27 am
  20. 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”??

  21. Mactheknife

    7 July 2020 @ 8:20 am
  22. Another KZN COMPANY bites the dust? ……..

  23. blatt.r

    7 July 2020 @ 8:20 am
  24. 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.

  25. Mactheknife

    7 July 2020 @ 8:18 am
  26. Another KZN bites the dust? Must be a weather thing!

  27. King Khan

    7 July 2020 @ 8:14 am
  28. 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.

  29. wanado

    7 July 2020 @ 8:11 am
  30. 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.

The top voted comments of the past 7 days.
  1. PurgeCoin

    30 June 2020 @ 1:09 pm
  2. 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.

  3. Boombang

    2 July 2020 @ 7:22 am
  4. 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.

  5. AfriqueDS

    2 July 2020 @ 1:23 pm
  6. 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

  7. TryingToRetire

    1 July 2020 @ 7:33 am
  8. “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.

  9. casper1

    30 June 2020 @ 1:18 pm
  10. Duh Recession — This is a full blown DEPRESSION that will make the late 40 ties look like a cake walk !!!

  11. pwgg

    6 July 2020 @ 7:47 am
  12. 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.

  13. experienced

    1 July 2020 @ 10:31 am
  14. 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?

  15. Danie van Parow

    1 July 2020 @ 5:24 am
  16. Wow, fancy systems, hey.

    What a pity there will be no money to loot this year.

    Better luck next year, SARS, LOL !!!

  17. Groen

    6 July 2020 @ 9:28 am
  18. 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.

  19. Johan_Buys

    3 July 2020 @ 5:44 pm
  20. 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

  21. brucegat

    1 July 2020 @ 10:57 am
  22. 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.

  23. Sensei

    1 July 2020 @ 12:13 pm
  24. 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.

  25. Romulus

    1 July 2020 @ 11:08 am
  26. 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.

  27. Dougalan

    1 July 2020 @ 10:49 am
  28. 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.

  29. DrHillymyboy

    6 July 2020 @ 8:56 am
  30. “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.

The top commented articles of the past 7 days.
    Barbara Curson / 1 July 2020 More looting, no shareholder oversight, no accountability.
     29      32
    Ciaran Ryan / 3 July 2020 A new report by Open Secrets puts them back in the crosshairs.
     155      27
    Roy Cokayne / 1 July 2020 Will exit logistics and has put its automotive arm under 'business review'.
     292      25
    Suren Naidoo / 2 July 2020 As insurance companies face billions of rands in pandemic cover claims.
     149      24
    Duncan McLeod / 1 July 2020 'Our reward systems must help us attract and retain the best talent around the world in a fair and responsible way.'
     43      22
    Barbara Curson / 6 July 2020 Dysfunctional control environments – and greedy hands in the till.
     64      21
    Melitta Ngalonkulu / 1 July 2020 Another win for inventor in battle that's been going on for 20 years.
     61      19
    Ciaran Ryan / 2 July 2020 Against trade union Solidarity and government, odd bedfellows in this case.
     11      17
    Antony Sguazzin, Brian Latham and Ray Ndlovu, Bloomberg / 6 July 2020 'I’m locked out and I’m not sure how this is legal.'
     26      16
    Muvija M and Emma Rumney, Reuters / 3 July 2020 Headline earnings per share expected to fall by more than 1 782 cents.
     181      16
    Melitta Ngalonkulu / 3 July 2020 If you haven't done so yet – but only for claims for April, May and June.
     510      15
    / 1 July 2020 Some of the assets municipalities failing their audits purport to have bought are nowhere to be seen: Kimi Makwetu, Auditor-General.
     16      15
    Melitta Ngalonkulu / 30 June 2020 The recession continues...
     30      14
    Cathy Buckle / 5 July 2020 'Life is so hard for all of us; who knows, tomorrow you may be able to help me.'
     55      14
    Siphiwe Sibeko and Shafiek Tassiem, Reuters / 2 July 2020 50 people voice their concern over Africa's first human trials for a potential coronavirus vaccine.
     2      13
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