Insider Comments
The top voted comments of the past 3 days.
  1. March Hare

    20 November 2017 @ 11:20 am
  2. Not only holiday club bunch, but also standard Timeshare (Shareblock) Ownership schemes also have escalated their annual levies much higher than CPI for the past few decades!?? Just take an example: average Sun Timeshare levies are are around R8 000 p.a. and they say that the levies are used for maintenance. Can you believe it? R8 000 times 52 weeks in a year equates to R416 000 p.a. JUST FOR ONE UNIT!!??? There is NO WAYS that over R400 000 is needed for annual maintenance of ONE UNIT!??? Just total rip-off!!??
  3. Sensei

    20 November 2017 @ 7:22 am
  4. Thank you for an excellent article Ryk! The choice to make for the next leader of the ANC will be between an IMF bailout or hyperinflation. We all know what the right choice is, but the ANC has proven over 23 years that it always makes the wrong choices. We can put our money on that. Only a regime change can turn the tide away from the scenario of hyperinflation. The local financial institutions are already refusing to buy SOE bonds and the downgrade will prevent foreigners from doing so as well. Government is running out of options. Debt levels are at record highs and escalating. The populist demands on the Fiscus are increasing daily. Cadres and BEE beneficiaries want an increasingly bigger slice of the pie. They killed the economy, so taxes are drying up like the water in Cape Town. They scared off the lenders, so they can't borrow. They won't go to the IMF because that will imply austerity measures being put in place, and the end of cadre deployment and BEE. That leaves them with the only option, to kick the can down the road and print the money. Hyperinflation is an extremely destructive force. It not only destroys the economy and the value of pension funds, but also destroys the social fabric of society. Imagine a situation where South Africans have to flee to Zimbabwe to try and make a living. Worst of all, locals are bringing this situation on themselves. Hyperinflation is entirely self-inflicted. It is the terrible punishment for ignorance and the sense of entitlement of the majority of voters. The choice at the ANC conference in December will basically be between an IMF bailout and hyperinflation. Our problem is that the ignorant voters don't realize the gravity of the situation. They are too busy arranging chairs on the Titanic. I would like to read the opinion of the authors of "When Money Destroys Nations", Russel Lamberti and Philip Haslam, and how they see the situation unfolding locally.
  5. Seriously

    19 November 2017 @ 4:49 pm
  6. Zuma - your turn next! Wives and all.
  7. Jonnoxx

    20 November 2017 @ 9:40 am
  8. Johnson is correct that our problems boil down to "ineauality", but he is either seriously naive or just being very polite if he thinks the cure for inequality is "employment" and "education ". The root cause of inequality is disparity in intelligence. Clever people can absorb education and learn skills well and then execute on this foundation. The more clever you are, generally the more successful the individual is. There are other important personal attributes that also come into play (Emotional intelligence, grit,drive, etc). But there's no escaping the non-negotiable bottom-line: there is no cure - and no future- in being stupid. Cleverness derives from a strong and loving family culture. Those cultures that strongly promote healthy family values produce increasingly clever children. Those cultures that don't care much about developing good family environments produce a large percentage of problematic children. There is no accident about this outcome. And that's the fundamental problem in SA (and the rest of Africa also).
  9. Rockinrog

    20 November 2017 @ 2:08 pm
  10. The goverment created the Employment Tax Incentive (ETI) to incentivise employers to hire young South Africans. I have been waiting for over a year for my ETI refund without success from SARS. End result... I don't hire young inexperienced people anymore and I have not renewed the contracts of about 60% of the ones I did hire. I just don't trust SARS anymore.
  11. pwgg

    18 November 2017 @ 5:51 am
  12. Have had dogs for 50 years, can't imagine life without my dogs.
  13. Dudley

    20 November 2017 @ 1:22 pm
  14. You're right. These timeshare syndicates have been fleecing consumers for decades. They operate in an unethical and illegal manner especially regarding collection of subscriptions and contracts in perpetuity which is against the consumer protection act. So many people have been duped into parting with their hard earned money but receive nothing in return. The ombudsman needs to shut these holiday clubs down. And therefater turn his attention to fractional ownership schemes which charge exorbitant levies as you mention. An R8000 levy for a weeks use is absurd and frankly, fraud. The levy you pay should be the cost of maintenance of the unit for the year divided by 52.
  15. westcliffman

    20 November 2017 @ 7:43 am
  16. “The board prefers to accept the legal advice of its external, independent legal counsel and the board supports the statements made by Mr. Myburgh.” Give me 5 lawyers and I give you six legal opinions. Myburg knows where to get his advice - or rather, where to get someone to back-up his actions. It is shocking to see these looters still roaming the streets and having expensive dinners and carry on as part of the rich whilst so many pensioners are suffering Mr van Niekerk you and your team are doing good work thank you
  17. Dilip Patel

    20 November 2017 @ 11:03 am
  18. Why give the dictator immunity? Charge him and let him and the wife spend time in the very same rotten jails that he has created. This will send a message to all dictators!!! Here with the immunity being granted, they will live out their lives in another country at the expense of the poor people of his country. All his ill gotten wealth that is stashed out of the country must be confiscated by the new Zim government.
  19. pwgg

    20 November 2017 @ 6:52 am
  20. Go to each Gov department and cut 20% of the wage bill. There will be your money.
  1. robertinsydney

    21 November 2017 @ 2:26 am
  2. seems they are copying the Aussie "HECS" model. fees are free and charged to a tax account and then repaid when that person's income exceeds a certain amount - currently R770,000 pa. BUT how does the sa govt fund these loans in the mean time? anyway the EFF has promised "free" education and as they will shortly be in power with the one of the breakaway parts of the ANC - academic question,
  3. robertinsydney

    21 November 2017 @ 2:18 am
  4. I see Naspers hit another high. I believe I suggested that the ONLY share worth buying on JSE in naspers - even though its on a PE of "infinity'!!! crazy stuff in a crazy country!
  5. robertinsydney

    21 November 2017 @ 2:14 am
  6. "Legutko says the old age grant .. – addresses the security of low-income earners in retirement quite well." this has got to be one of the most disgusting remarks I have ever heard regarding those living in poverty in sa. the old age grant is R1,500 per month - that's like us$100 per month!! how can anyone live on that? rest of article is pure "gobbledy gook"!! the country is about to be downgraded and run out of money. it has NO money to increase any of its expenses
  7. OrwellG

    20 November 2017 @ 7:36 pm
  8. Well naturally, the ANC will keep up the rhetoric about how business is to blame for SA’s inequality, by refusing to invest and be inclusive. While simultaneously ignoring any actual attempts by business to address these problems. Because as must be apparent to all, the ANC simply has no interest in the welfare of the country. The ONLY thing that motivates them is hanging on to their precious jobs (as they are not qualified to do anything else) and extracting the maximum amount of loot from state coffers.
  9. fkoch

    20 November 2017 @ 7:27 pm
  10. Asking immunity or demanding it? Seems like they admit to deeds of wrongdoing. Let them supply their list within next day or two. A precise list of deeds, not vague political statements.
  11. questionnaire

    20 November 2017 @ 6:02 pm
  12. I LOVE listening to/reading Sikonathi Mantshantsha. This guy is one of few people who can make a real,positive, difference to the lives of South Africans. When are you going to get involved in politics,Sikonathi?? Our country needs you...desperately!
  13. pacaratac

    20 November 2017 @ 5:59 pm
  14. 100% correct. Way too many people at university. There is no such thing as a government back loan; it is a TAXPAYER backed loan
  15. Africa Pragmatist

    20 November 2017 @ 5:28 pm
  16. Too little too late. HSBC needs the highest possible fine for its indiscretion.
  17. MyMoney2020

    20 November 2017 @ 5:01 pm
  18. Where did Investec's case with Competition Commission for forex price fixing end? Anyone...? Hello...? #AskingForAFriend
  19. Doctor

    20 November 2017 @ 4:48 pm
  20. "Consumers must be given an option to opt into or out of being charged out of bundle data rates to avoid bill shock, Icasa said." I love this proposal. It'll sure reduce the "cheating" consumers are subjected to. I've seen a lot of people's contract statements and the crazy out-of-bundle charges are so high that they could literally cover a new phone.

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