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The stench of malfeasance is overwhelming !
Rule of 72.
10 years at 7.2% growth, after tax.
7.2 years at 10% growth, after tax.
Your car engine will most probably be fine for the next 100k km, let’s use this expensive, untested synthetic oil that might destroy your engine, but I can accept no responsibility.
Carbon emission, beh. Milankovitch cycles and The Modern Grand Solar Minimum.
Boom in volume ,busy in prices :depends if u are a buyer or seller
Yet another CLUSTERF^%$k in the making….If you are so keen to fly, jump off Table Mountain! F’ing morons.
My 4 kW inverter copes but it takes some creativity. As long as the dishwasher and laundry machine don’t run at the same time the heat pump comes on everything is fine.
It is however not an ideal setup, I’m also looking to upgrade.
Sorry, but you can’t use a then fixed price commodity as your baseline. Before we left $35 gold, how many barrels of oil could it buy?so oil was better or worse? $35 was not a market price. I get what you hint at. I take value back to say how many eggs or potatoes something is worth. Example is how many months or years basic wage to buy a car or house. If you must rent out a property for more than X years to pay back its purchase price, it is too expensive as an investment. (where you live is another kettle of sardines)
Gold is a sucker’s game. Earns nothing and maybe 7% of production required in industry, but there are decades of above ground production sitting idle. Bauble. Gold’s value is only positive if somebody else will pay more than you did. Gold is basically priced as the cost of extraction and refining. It has absolutely zero correlation to the cash earnings of the top 500 US companies. Either could halve or double?
Why is Moneyweb publishing such insignificant rubbish? In the SA aviation space there is presently critically important stuff going on – like SAAT staff not being paid, yes, SAAT that maintains and services SAA, Mango and a host of international and regional airlines’ planes;
Surely that’s far more important for the public to know about than SA Express which doesn’t fly any more?
SAAT and Mango, both subsidiaries of Gordhan’s SAA, are seemingly now ALSO hitting the dwang like SAA; we’re talking about the mechanical arm of SAA – how badly is safety of aircraft affected by this development of the past 10 days?
Moneyweb, please wake up – SA Express is NOT presently an issue compared to Mango and SAAT!
Strategic direction, African focus – just after the AYO accounts were closed. I’m just spit-balling here…
One has to keep in mind that Zim did not fold due to an Economic bubble.
Two very telling sentences in the article:
1. “Sexwale said he was one of two people in charge of the fund,…”
2. “he discovered some of this “money has been stolen”.”
So essentially he is saying billions were stolen under his watch. Fortunately for him, these were billions of non existent funds in the White Spiritual Boy Trust. The trust name alone should have raised suspicion.
Most of us have regular situation : home has an existing connection, not facing ¼ million runts new cables and stuff.
Step 1 : check what size connection you are paying fixed fees for, and what size cinnection you need. That can save you R30k a year going by what the guy that built our house signed up for. I have a friend with a thatch roof which is always a bitch for solar and he stopped here.
Step 2: change hot water to solar and cooking to gas and lights to LED and rethink pool timer and seriously reconsider underfloor heating as a Neanderthal thing.
Step 3: figure what MUST run during loadshed and rejig that you can run those on batteries. You can survive 4 hours without aircon, tumble drier, pool pump and anything that has a motor.
After that you are a pig if you need more than about 2kW sustained and 5kW peak draw so call it 7 to 10 kWh battery.
Don’t believe the powerpoint sales pitches about future grid costs that would imply impossible (far more than running a bloody generator) energy costs. There are sharks out there
Remember Aurora mine? Couple years back….
For sure: not with money….
Not true. Hlongwane is very rich.
@Busi Mavuso – We dont need your research to understand the problem. I know plenty of economists who have written about manufacturing and the SA economy. The writing has been on the wall for 26 years.
There is only 1 elephant in the room. Its the cancer causing agent in South Africa. If you look closely … the elephant is between A and C.
I dont know what I am supposed to read, but this story is in line with what I have heard from international sources on government agreements with pharmas.
They cannot be held liable, they are indemnified…. the responsibility therefore lies with the government. if anything goes wrong it is the government that can be held liable.
Well done. Becoming state proof is the only way in SA since the ANC is corrupt to the core and incompetent. We have to build our own roads, police our own areas and generate our own electricity. The only problem is that SARS steals the money we need to get this work done. What do we do?
ANC looters should face jail time to curb rising corruption – boom gloom. That would concentrate their minds.
I have a better idea, what about jailing the ANC cadres who have stolen billions and destroyed our lives. What about holding Ramaphosa accountable for robing ordinary South Africans of electricity and basic freedom?
No bad or sarcastic comments from me. Sorry.
I agree with the writer.
It “IRRETATES” me that the judge don’t even mention it. Maybe he is just a deployed cadre??
How much unpaid taxes does former President JZ have from fringe benefits and donations? Tax evaders should go to jail!
Terrorists cannot govern.
They can merely destroy things — The destruction of South Africa and its infrastructure is nearly complete so well done to the ANC – Mission accomplished.
An idiot trying to explain idiotic behavior !!
Does this squeaking man realize that the tax system lacks legitimacy as money collected is stolen or squandered. Can he not see that expenditure not income is the problem? Look at SAA, Eskom, Denel, MPS with criminal records and a disgrace of a judiciary.
Stop squeaking Dennis and tell your ANC cares to stop stealing and do lock them up….just one would be a start…
Here is a better thought, first get all the money stolen by the ANC leadership over 26 years and take your charges to them and then come talk to us ordinary South Africans about tax and criminal charges. Start with the leaders!
Of course he is. SARS in desperate to increase collections but they dare not look at the ANC elite or their ilk. Everyone myust pay their part… just not ANC cadres
Get prepaid electricity. Have some water storage and don’t pay rates. But at least 100000 households should do this. When the social distancers don’t get paid..they will get back to work
Cadre deployment explained for real – Its the party before country system that is locking in corruption, mismanagement and destruction of SA’s economy.
How do you ever challenge an entity when it has its own prosecutorial abilities.
Party, party, party. Loyalty, loyalty loyalty. Us, us, us. The people do not get a look in. The people cannot vote for an MP. Neither into so-called public office nor out of it. Only the gangsters already collecting from the public purse can choose who will be their hoodlum cadres. It is so sick that only those intent on corruption or undeserving of any genuine democracy could applaud it.
So much for any fake fight against corruption.
Gwede Mantashe, the country’s minister of minerals and energy, should have been asked about the “miracle mineral” hazenile.
Nothing explains cadre deployment better than this ANC top man’s blind acceptance of an April fool’s joke as fact and trumpeting it at an international conference.
Just stop paying the Municipalities countrywide altogether.
It is being done in a small village on the South coast.
The municipality (anc) decided they needed to have a meeting about this and traveled at great expense to St. Lucia on the North coast to one of the most expensive venues around to have a meeting about something happening on the South Coast??????
The anc must just implode now and disappear off the face of the earth.
Actually they cannot put any one in jail until they bring back the Tax money from Dubai and Pakistan.
What about the mansion in Dubai? are they blind?
Every single ANC cadre that has appeared before the Zondo commission cannot answer yes or no questions. ANC cadre trait.
That Ferrari really burnt his a$$$ ne.
Now dear Davey — please start with Zoompie !!!!