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Top articles and comments, based on the Moneyweb Insiders activity.
The top shared articles of past 24hours.
    Duncan McLeod / 23 January 2020 And Sipho Maseko’s legacy.
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    Seán Mfundza Muller and Mike Muller / 23 January 2020 The deluge of opinions reflects a variety of corporate and political vested interests.
     16      21
    Melitta Ngalonkulu / 23 January 2020 SA's high rate of unemployment is a reflection of a weak enabling environment for businesses.
     14      11
    Mike Cohen, Bloomberg / 23 January 2020 It's doubtful the airline can continue operating until the end of next month without additional state aid.
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    Srinivasan Sivabalan / 23 January 2020 Developing nations, as a whole, may be losing steam.
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    Moneyweb / 23 January 2020 We're in search of an online editorial production assistant.
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    Antony Sguazzin and Loni Prinsloo, Bloomberg  / 23 January 2020 Funding needed to keep the company afloat.
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    Nqobile Dludla, Reuters / 23 January 2020 Amid pressurised consumers, negative sentiment and load shedding.
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    Bloomberg News / 23 January 2020 More than 90% of stocks drop in Shanghai.
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    Elena Mazneva and Ranjeetha Pakiam, Bloomberg / 23 January 2020 Metal has outperformed all major commodities in recent years.
     3      1
    Paul Richardson, Bloomberg  / 23 January 2020 The decision will likely mean the airline will require further state funding.
     3      6
    Helen Reid, Reuters / 23 January 2020 Bad weather resulted in 39 days being lost.
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    Thomas Penny, Bloomberg / 23 January 2020 Britain on track to leave the EU in nine days’ time.
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    Moneyweb / 23 January 2020 David Shapiro – Deputy chairman, Sasfin Securities
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The top shared articles of the past 7 days.
    Patrick Cairns / 20 January 2020 The most important factor is in your control.
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    Ciaran Ryan / 21 January 2020 New report says auditors need to go beyond scepticism and become suspicious of clients.
     288      21
    Barry Ritholtz, Bloomberg Opinon / 18 January 2020 The spending scolds always make the same errors about personal finance.
     165      17
    Suren Naidoo / 22 January 2020 New facility in Hammarsdale near Durban will cover the area of roughly 19 football fields.
     158      5
    Joleen Steyn Kotze / 20 January 2020 Court grants an application to dissolve the Makana Local Municipality.
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    Renee Bonorchis and Andre Janse van Vuuren, Bloomberg / 17 January 2020 'This situation is affecting all operators and customers in the region,'
     124      1
    Patrick Cairns / 23 January 2020 The currency is rarely what it seems.
     100      26
    Paul Vecchiatto and Mike Cohen, Bloomberg  / 21 January 2020 Eight flights between Johannesburg and Cape Town will be cut this week.
     98      17
    Ciaran Ryan / 21 January 2020 British-born David Nicholls is highly respected in the industry.
     92      3
    Patrick Cairns / 21 January 2020 How have investors in balanced funds fared?
     90      14
    Tebogo Tshwane / 21 January 2020 Says the move will help 'conserve cash'.
     79      18
    Hilton Tarrant / 22 January 2020 It should’ve been made to offload domestic routes to Mango years ago.
     79      19
    Roy Cokayne / 20 January 2020 Consultancy firm forecasts that GDP growth this year should support construction activity.
     76      6
    Roy Cokayne / 20 January 2020 In line with its strategy to develop and provide logistical solutions on various corridors.
     76      4
    Mamokgethi Molopyane / 20 January 2020 Mostly due to politics and poor decisions rather than external factors.
     68      17
The top shared articles of the past month.
    Hilton Tarrant / 13 January 2020 There was always only one answer ….
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    Patrick Cairns / 20 January 2020 The most important factor is in your control.
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    Christel Botha / 29 December 2019 Prepare a ‘ready to depart’ file with all the necessary documentation and information needed in the event of your passing.
     744      9
    Barbara Curson / 17 January 2020 Alexkor's 2019 financials paint a bleak picture.
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    Hilton Tarrant / 6 January 2020 Why it’s generally far cheaper to get cash at supermarket till points …
     461      11
    Melitta Ngalonkulu / 27 December 2019 For many it's due to their pricing – Raizcorp CEO Allon Raiz.
     427      17
    Patrick Cairns / 10 January 2020 Which funds stand out over the long term?
     415      8
    Patrick Cairns / 9 January 2020 There's a difference of more than 90% between them.
     400      22
    Neesa Moodley / 31 December 2019 It may be a bumpy year ahead - best review your finances now.
     351      13
    Jaco Prinsloo / 2 January 2020 It's time to set and stick to your new year resolutions around finance.
     345      4
    Mfuneko Toyana, Reuters / 27 December 2019 Investors globally look to take on risk.
     316      4
    Ciaran Ryan / 21 January 2020 New report says auditors need to go beyond scepticism and become suspicious of clients.
     288      21
    Andrew Duvenage / 30 December 2019 Rise above the panic.
     258      4
    Mfuneko Toyana and Alexander Winning, Reuters / 30 December 2019 Rand slips from a previous five month high.
     248      0
    Roy Cokayne / 14 January 2020 Evaluator analysis reveals the top ten vehicles that hold their value.
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The latest 15 comments.
  1. JadedInvestor

    24 January 2020 @ 3:10 am
  2. The author fails to address another societal behaviour issue: Why does someone who earns a domestic worker income have four children.

  3. Danie van Parow

    24 January 2020 @ 1:53 am
  4. Originally, I couldn’t for the life of me, understand why Zuma was so keen to disclose his tax affairs and why the Public Protector, who we all know is a Zuma stooge, went after his tax affairs with such gusto, especially when there was a persistent perception that Zuma’s tax affairs were not in order.

    Then I heard the rumour that it was Pravin Gordan himself, who served as the Commissioner of SARS until 2009, who pardoned Zuma back in the day when his tax compliance was first questioned and when they were still big buddies. Apparently, or so the rumour goes, this investigation by Madam Mkwebane is not so much to investigate Zuma, but rather to try to dig up dirt on Gordan, hence Zuma’s support for her application for disclosure. I don’t know if this is true, but then again, nothing surprizes me anymore in this gangster’s paradise formerly know as SA….

  5. France

    24 January 2020 @ 1:31 am
  6. For a man who clearly struggle with numbers (one million, six hundred, two hundred, eish), I highly doubt his tax matters will shed any light on on the matter.

  7. TheSpark

    23 January 2020 @ 10:27 pm
  8. I was hoping that it would teeter over the edge.

    I suppose the desperation of the ANC to get more money through it is keeping it on life support.

  9. raymondbc

    23 January 2020 @ 10:06 pm
  10. Another point is that if large energy users build their own, they will buy less from Eskom, removing their reliable purchases and payments from the system. Eskom will be left with municipalities and Soweto as non paying users.

    Or you have a few employers in your gig, but since you don’t turn up, the employer who always pays you the most and always on time has replaced you, and now you are left with a batch of unreliable employers.

  11. Louise BCook

    23 January 2020 @ 9:39 pm
  12. Surely you’re being facetious.
    Last thing the bank sector needs is to lose the goodwill of ratings agents. tax payers. shareholders and clients with any type of reckless lending to SOEs! In fact. if clients are sufficiently alarmed should the banks finance any further ANC ideologies that increase taxes, clients can always work together to achieve a run on any particular bank….

  13. Africa Pragmatist

    23 January 2020 @ 8:33 pm
  14. Rather concentrate on reducing costs.

  15. France

    23 January 2020 @ 7:51 pm
  16. Follow who?

  17. casper1

    23 January 2020 @ 7:31 pm
  18. The colonialists started SAA, The Apartheid Regime perfected it and the ANC destroyed it. – Long live the ANC !!!!!!!!

  19. France

    23 January 2020 @ 7:28 pm
  20. I don’t where these two are visiting Wits from (a Fellow and a Professor), but if you know South Africa, it’s people and their (often impaired) way of thinking, of arguing around and away from the real, systemic problems and how they tend to (and prefer to) take take illogical short-cut solutions, then you would know that this article will fall on death ears.

    In SA, when your car breaks down – no problem if you are a comrade – you take time off to sort out this disastrous unexpected trouble, and the government will continue to pay you in full and employ a consultant at a higher rate than yours to supposedly do your job in your absence. Don’t worry comrade.

  21. Johan_Buys

    23 January 2020 @ 6:25 pm
  22. Here is a more correct car analogy:

    You overpaid for a clunker using debt because your niece got a kick-back from the salesman.

    You could pay 60c per km for a smart car (buying renewable energy is vastly different from buying renewable farms) to take the kids to school while you and the wife share the clunker to work, but elect to pay Uber R3.80km for a diesel bus to school. Your niece gets commission from the bus company.

    To top it all, you never take the shortest route and keep on changing where you want to go. That, and you insist that all your staff and family go on all trips.

    To make sure you get to where you might go, you also ban all other road users from being on the road four hours per day.

  23. talker

    23 January 2020 @ 6:08 pm
  24. What would be the point of a bailout? It seems SAA would just burn through the cash pretty quick and we’d face the exact same issue again, just with 2bn more lost.

  25. GinaSchroeder

    23 January 2020 @ 6:05 pm
  26. And just perhaps the reason for the decrease is increased renewable energy in India. Coal is on a slippery slope.

    Plan the transition now!

  27. Seve Roux

    23 January 2020 @ 6:03 pm
  28. “And things are likely to get worse before they get better“ says the article

    Things can only get better if:

    Government downsizes

    Municipalities downsize (why do we amongst other things need Mayors on a payroll)

    The looters must go to prison in so doing Government is hiving the assurance that the Zondo Commission isn’t a smoke screen

    SOE’s need to downsize

    SOE’s need to bring back the skill they got rid of due to BEE

    Scrap BEE. Make South Africa a home for all

    Incentivize and look after small business
    In so doing employment will rise, so to the tax base

    Find ways to increase the tax base. 3 million tax payers from a population of 55 million contributing 50% of Government revenue isn’t sustainable

    Scrap the idea of an NHI and come up with something more sustainable

    Appoint me as Minister of “regruk”

    Only then can we say ““And things are likely to get worse before they get better“

  29. Hades

    23 January 2020 @ 6:02 pm
  30. Mothball SAA, who needs it, serves no purpose. Cities in SA have no potable water, infrastructure collapsed, governance dysfunctional, municipalities corrupt, ad infinitum, what’s the common denominator???

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

    22 January 2020 @ 1:46 pm
  2. Conversely, I still have my FULL TRUST in the state….

    ….i.e. in its ability to slowly transform SA into a 3rd world country.

    I fully trust the ANC to achieve long-term economic decline (…and boy, have they ‘delivered’ to date!)

  3. Chris Stoffel

    20 January 2020 @ 2:08 pm
  4. OK. Now what? The officials are still there, getting paid.
    In 2014 nothing happened, nothing stayed fixed. This coming election they will still vote ANC.

    Nothing will get fixed or improve.

  5. Africa Pragmatist

    17 January 2020 @ 6:30 am
  6. In 2002 we do not have the de industrialisation THROUGH BEE and rampant corruption through theANC that we have now.

  7. Sensei

    20 January 2020 @ 2:21 pm
  8. Well, this judgement confirms what we have been saying all along – the average voter should be protected against his own destructive and deadly mindset. Democracy enables the majority to turn their environment into a representation of their mindset. When the taps run dry, sewage run down the streets, hospitals and clinics fall apart and children drown in pit toilets, then this mindset is toxic. Democracy is like a loaded shotgun, destructive in the wrong hands.

    The problem is, no matter how many judgements we have, the court cannot change the mindset of people. The court can only insert a “trip switch” or “circuit breaker” between the intellectual capacity of the “collective” and the resulting reality of failed municipalities. This circuit breaker is privatisation. The means of production, or the means for service delivery, in this instance, should not be in the hands of the “people”, but rather in the hands of individuals who can deliver those services. We need accountability and reciprocity to clean the streets, and to get the water running in the taps.

    The current system is unsustainable and it will kill more people until free enterprise and capitalism come to the rescue.

  9. Mmmm

    17 January 2020 @ 5:57 am
  10. Those were good times.

    I can recall buying Anglo at R120.00 per share somewhere around 2002/2003 and sold it somewhere in 2005 at R518.00. Only two or three years later.

    Important to note that 15 years later it has not recovered to that level.

    Somehow I dont have the same enthusiasm to invest locally this time.

  11. Chris Stoffel

    22 January 2020 @ 12:25 am
  12. The unprofitable routes is but a small part of the problem. Inflated contracts and tenders, scheming of the top, inflated work force, BEE suppliers. All these things have caused the demise of SAA.
    It is easy to cut routes, it is less easy to tackle the other many problems. It seems as if ‘they’ do not want to tackle these other problems?

  13. Danie van Parow

    22 January 2020 @ 5:52 am
  14. I propose a boycott of SAA by all patriotic South Africans so that this terminally ill dinosaur can finally be laid to rest. With a bit of luck, the last boeing can fall from the sky and hit traffic cops hiding under a tree outside Beaufort West, thereby not only taking out the traffic cops but also the ANC politicians on board. Jackpot.

  15. Chris Stoffel

    20 January 2020 @ 12:43 am
  16. Million what? Pound, Dollar, Rand? We are all rand millionaires. With 1 million rand one can’t even think about retirement.
    But the fact is one must invest some money. So aiming for a million rand is good. Very good.

  17. Sensei

    20 January 2020 @ 6:57 am
  18. They run the country like they run a state funeral. The best-qualified among them, the generals with the clanking yellow medals of the colonialist, all dressed up in the uniform of the colonialist, amateurishly imitating the rituals of the colonialist, faking the competence and readiness of the colonialist, producing only false pretence and incompetence, to the extent that it is excruciatingly embarrassing, not for the laughing spectators, but for themselves and the for State they represent.

    They honour their heroes with a farcical state funeral, where generals walk into each other in total confusion. This is typical of the ANC – One simple command goes out, then parties move in opposite directions, dazed and confused, querying the command and discussing the actual meaning of the command. Afterwards, after failed attempts of rationalisation and obfuscation, they produce a lame excuse for the inexcusable by blaming it on colonialism.

    This is the Government of the Republic of South Africa. The job-losses are the casualties of this disastrously inept and farcical imitation of governance. By employing unproductive people at SOE’s, they are even imitating job-creation. Fake it until you make it.

  19. Mmmm

    22 January 2020 @ 6:14 am
  20. In addition our beloved president mentioned earlier this week that the ANC will no longer deploy unqualified people to SOE’s.

    It means they have been doing this for 26 years now.

    How many unqualified people have been employed during the 26 years at SAA?

    He never mentioned that there are plans to resolve this.

    So how do you rescue SAA that has been deliberately invested with unqualified people by the ANC?

    Anybody that believe it is possible needs to think again.

  21. Chris Stoffel

    20 January 2020 @ 12:35 am
  22. One must give these government people some credit, they have a wonderful way with words. They can talk the whole day and say nothing meaningful. And the talk is very very impressive.

  23. TheSpeculator

    17 January 2020 @ 5:19 pm
  24. Just close SAA down. South Africa does not need SAA.

    Why must we have a national airline? the USA does not.

  25. Sensei

    23 January 2020 @ 6:37 am
  26. Believe it or not, but the recent strength of the rand is due to ANC incompetence. We are not competitive in this global environment of competitive devaluation. We are losing the “currency war” and we measure the casualties in the form of declining tax recenue and rising unemployment.

    We use high rates of interest to bribe foreigners to buy our bonds, to lend to the bankrupt Luthuli House in other words. We haven’t got any ammo left over to fight the currency war. Our socualist policies turned us into the global dumpsite for unemployment and social decay.

  27. Neil Parker Attorneys

    21 January 2020 @ 6:35 am
  28. At last some sense is prevailing. We need to employ business specific experienced professionals in the SOE’s which are capable of being turned around. Some however must just be liquidated, period.

  29. TaffyDee

    20 January 2020 @ 2:26 pm
  30. Of course they will appeal. You are taking away their gravy.
    They have destroyed Grahamstown and Port Alfred.

The top commented articles of the past 7 days.
    Joleen Steyn Kotze / 20 January 2020 Court grants an application to dissolve the Makana Local Municipality.
     132      50
    Patrick Cairns / 20 January 2020 The most important factor is in your control.
     770      40
    Larry Claasen / 22 January 2020 SA government ranks as the least trusted out of 26 jurisdictions.
     47      35
    Tebogo Tshwane / 20 January 2020 Flights will remain operational as government struggles to raise business rescue money.
     34      30
    Patrick Cairns / 23 January 2020 The currency is rarely what it seems.
     100      26
    Ciaran Ryan / 21 January 2020 New report says auditors need to go beyond scepticism and become suspicious of clients.
     288      21
    Seán Mfundza Muller and Mike Muller / 23 January 2020 The deluge of opinions reflects a variety of corporate and political vested interests.
     16      21
    Hilton Tarrant / 22 January 2020 It should’ve been made to offload domestic routes to Mango years ago.
     79      19
    Tebogo Tshwane / 21 January 2020 Says the move will help 'conserve cash'.
     79      18
    Paul Vecchiatto and Mike Cohen, Bloomberg  / 21 January 2020 Eight flights between Johannesburg and Cape Town will be cut this week.
     98      17
    Barry Ritholtz, Bloomberg Opinon / 18 January 2020 The spending scolds always make the same errors about personal finance.
     165      17
    Mamokgethi Molopyane / 20 January 2020 Mostly due to politics and poor decisions rather than external factors.
     68      17
    Mike Cohen, Bloomberg / 23 January 2020 It's doubtful the airline can continue operating until the end of next month without additional state aid.
     11      16
    Patrick Cairns / 22 January 2020 And investor behaviour.
     30      16
    Annelé Oosthuizen / 18 January 2020 Begin by understanding the components of your cover.
     13      15
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