Loads of about turns and changes of face. A whole lot of dust in the eyes to disguise a personality cult and built-in IRR (insider rate of return!)?
Skimming the fat on some tasty long-term property deals. With positive (but limping) real returns the ship keeps sailing- just not to investors port o’call.
Back in the good ol’ US of A.. aye aye to built-in inflated cheques and bank balances/. oops- excuse the Zumain slip, of course I meant checks and balances!
Potentially more standard SA corporate governance shortfalls and untouchable even with a barge pole of a nautical mile.
Lockdown response – ANC incompetence
Looting – ANC corruption and incompetence
Because this virus led to a 20 month lockdown dumbo.
Crippling the world economy and sending South Africa 20 years back.
How hard is that ?
Once again you have hit the nail on the head..!The sooner the Cancer destroys itself the better…
“….Bumper tax revenues from high commodity prices may support the economy”
This is the problem of the ANC mindset…
Get pickled on the “fermented apples of the ground” and forgo the pruning of the orchard for the nest season
Wow….revelation
…mentioned this week that the “hack” was the ANC to siphon off tax payers money, seemingly ethically and take cover in a problem affecting super economies
The anc needs to get involved……. Lol they soo broke they can’t even pay all the comrades at the office – till to start stealing again.
Time to buy some ten cent now I think..
Five years, is just a wonderful achievement. Good on everyone involved.
Is African Bank in trouble again? Is this another disguised state bailout for African Bank? Why do I smell a rat?
Dutch disease comes to mind.
Just send taaaktikal komandos. It is what I are like to do het.
Heaven forbid that Mr “Hat” Bheki Cele attempts to operate a computer. Hopefully they have more qualified techies than the constables who cannot write up a legible statement at the local station.
Just another feeding trough for ANC snouts to suck dry.
Just send taaaktikal komandos. It is what I are like to do het.
I could not say it any better.
What an amazing guy. God bless him.
I laughed so much that I nearly fell out of my Covid sick bed when I read (in another article) that according to the new Cybercrime Act that the South African Police Service (SAPS) will be the leading agency to coordinate investigations!
Hers immunity will NOT come regardless.
There is a time limit. Otherwise mutations will
Simply repeat.
According to the author this violence is deeply imbedded in South Africa’s unfinished business, its inability to create a single source of public order or to change an economic balance of power.
I tend to disagree:
The government of the day is so intent on stealing the public purse that they prefer no public order.
Their agenda to disarm law abiding citizens right to protect themselves against violent grab of economic power clarifies disarmement and violence is supported by government. The government of the day is nothing but a criminal mafia.
Government has abdicated it’s responsibility totally to the citizenry. Citizenry, in the current space of no social contract, will take up arms (Legal or illegal arms) to protect the little economic power that they do have.
Citizens also now realize the government brings no return on tax money spent. The tax revolt will further increase and the future is one of no government as the people living between the borders of this country has to pay for duplicate services anyway. Just cancel the government.
Anybody who suggests that private property should be nationalized in the public interest must be mentally handicapped or a career politician. Anybody who believes that legally enforced BEE codes can add value to society, as a whole, is equally intellectually impaired or self-serving.
Keep in mind that the state(voters) already receives 30% to 40% of profits from private companies, and between 20% to 45% of the salaries of their employees. Then, if that private business performs well and builds capital value, the state owns 20% to 36% of those capital gains. When the owner and the employees of that private business die, the state receives 20% of those assets by means of estate duties. Add the municipal rates and taxes and the elevated cost of electricity and services that private businesses are forced to purchase from monopolistic SOEs over a lifetime, and it becomes clear that all private property and businesses in South Africa belong to the state already.
All businesses in South Africa already have more than a 50% BEE partnership with average citizens, even before they are coerced into the popular 30% BEE scheme. That is why the current BEE laws plunder the poor and the unemployed. BEE schemes infringe on the rights of beneficiaries of the National Treasury. Therefore, the social grant recipients and the unemployed pay for BEE schemes. Those who are in dire need of economic transformation are forced by law, to indirectly pay for the economic transformation of the politically connected elite.
The state is the largest beneficiary of privately owned businesses, especially when we consider the risk/reward ratio for the state. The government does not invest capital, nor does it take any risks in the production and marketing process. Government inserts itself at the bottom line. It parasitizes the profit margin. It does not invest capital, skills, or know-how. It merely extracts the results of other people’s skills, capital, expertise, and work ethics.
When private property is nationalized the government will, in fact, remove itself as a parasitic beneficiary. Nationalization of private property will do to the government what a shot of ivermectin will do to a parasite.
South Africa – Failed State with a corrupt and useless government and a huge, unproductive section of the population that has criminal tendencies. How much nation building can happen considering these realities ?
Ja Stevie — Marxist as always.
Nothing of real importance happened at all ne and everything will still be ok ne.
You sir are SERIOUSLY misguided.
playing the racial card again….peace will forever elude this cursed continent.
This is a prime example of skewed incentives. Social support for poor people is one thing, but giving in, after they have burned down a portion of the country, is quite another. The parents who take savings from the piggy bank of the thrifty child to increases the pocket money of the delinquent child, who has thrown a tantrum and burnt down the kitchen, motivates their children to become criminals and arsonists.
How do I teach the value and purpose of peaceful and respectful negotiation to my employees, while the national government rewards hooliganism and extortion?
Steven Friedman trying to dish out the Prozac. Reality : Gangster State.
Mr. President, why don’t you take the first bold step in doing away with AA quotas, BBBEE requirements and compulsory social investment policies?
Just show us 1 of these wonderful communities that you have built in the last 27 years !!
Just ONE !!!!
The events at Phoenix unfolded ONLY because the Police and government abandoned /failed their responsilities when they were put to the test.
The Indian community needs to close ranks and refuse all cooperation with the police and government until the issue of the collapse of the Police protection in their area has FIRST been accounted for, the incompetent police commanders identified and sacked, and competent new officials – with also a competent new plan AND equipment – are installed (and to the satisfaction and explicit approval of the local Phoenix community).
The present ANC efforts are just an attempt to scape-goat the Indian community, without taking any responsibility or showing any remorse for the havoc their incompetence released.
Thinly-disguised racial witch-hunts seldom end well.
Dear Mr President, first, please tell me, if a criminal mob is trying to enter my street to harm my people or my property and the police is nowhere to be seen and do not even respond to calls, what must I do? Please do not hide behind fancy words. Tell us in straight language, what must we do?
Second point, for more than 25 years the opportunity was with black people. Your colour decided who gets the contract, makes the team or gets the job. My children were born in the 80’s, they had no part in apartheid, but you still keep their colour against them, irrespective of the fact that they have worked extremely hard to get good qualifications. Can you please stop this racism now. As long as race decides who gets the job or the contract or who must be in the team, we will never build a united nation.
‘Egghead’ academics like Steven Friedman are so detached from reality as to make their opinions worthless. Were Steven to run a labour intensive business for his livelihood he would have to change his ideas very rapidly. The idea that ‘ivory tower’ professors are the country’s intelligentsia is so far from the truth. They live in a sheltered bubble of unreality.
Not a chance unfortunately. As long as we have a clueless Govt. delusionally believing that it knows what it’s doing, first Mango, then Naartjie, then Orange, then Lemon, then Grapefruit Airways will follow suit, as sure as Strawberry are fruit. Please protect us from the ANC.
Great comment. The government is a shareholder in every profitable enterprise.duh.
Why do they try to destroy businesses since they are destroying themselves in the same process?
Stupidity is the only answer
Handover a viable country to a gang of AK47-wielding bandits and…. I’m just surprised it took 27 years before the wings fell off plunging South Africa into this fatal nosedive. Goodbye SOE’s, SAPS, SANDF, HEALTH, EDUCATION, LAND RIGHTS… and everything else.
A non-racial society is NOT possible while legislation advantages a specific race.
Yes I read that too : I think the poor chap is over the hill : The country must find ways to change its past !!! That’s a classic.
Unfortunately like the Scots hate the English and the Welsh hate them both ,our various tribes will remain Tribal enemies until one has wiped out the rest : We still have so called Tribal kings and Queens : A complicated African shambles ,but not to worry ,we can blame apartheid for the next century or so.
Since 94, it has benn a constant decline due to ANC policy corruption and mismanagement. SA has gone from bad to worse and to junk investment status.
Time for the ANC to depart.
We must surely lead the world statistics when it comes to weak, inept leadership. I have even less confidence in whom that will follow those of the last 20 years.
Blame deflection again! You, CR, and your party (the ANC) are responsible for the riots and ultimately all the deaths. Political ineptitude, poor governance, bad policies, very poor SAPS and SANDF, corruption and all round bad service provision is to blame. The people of Phoenix were protecting their homes, lives and assets… no crime. The looters were the criminals, not the property owners.
You need to get tough, get your hands dirty, take up the shovel and clean the filthy (criminals) out of the pig sty where they are feeding at the trough. The ANC must be purged and cleansed.
The racism card is absolute BS in this event. Blame yourself.
The looting was a result of decades of ANC indoctrination that everything is free and there are no consequences for actions !!