By the way…good article Mr Mutize – thank you.
MiniMike’s cheap MSM rag still trying to to put out a negative narrative on Trump’s great success with the US economy…
No-one with more than 2 brain cells believes the MSM anymore…
“So, have global emissions peaked? It’s unlikely and impossible to say for sure.”
So although it is impossible to say,, you know,so you say no??
Jane is an IYI..
Could it be that African countries are a higher risk so they pay more for debt?
Active management fees have room to reduce but the fact remains unit trust fees in South Africa are compared to corresponding fees around the world and found to be average. So let me understand where you get the notion that fees in South Africa are excessive. If you are not happy with your fund manager’s fees why don’t you just switch to a cheaper option? My view is that consumer/investor preference for funds with lower-cost funds will force active managers to review and lower their fees. Isn’t that how market work with everything else? Don’t complain and be a victim take action.
Those racist interest rates!
I have a few BnB clients and they declare their income. They also operate the least profitable enterprises in our client list which includes everybody from Architects to Spaza shops. Sorry, you will only hurt an already crumbling industry that is suffering due to bad press.
There are professionals involved in schemes that are costing the country and taxpayer even more. The sad part is that nobody listens and the same SARS that is supposed to ensure that everyone pays what is owed, is part of it.
Medical aids by law are non profit, and this is completely true. However medical aid administrators are not governed by the same laws and are the same as every single other company. So you need to differentiate between Discovery Medical aid and the listed JSE Discovery Ltd. Discovery administers other medical aid eg Tsogo, Remedi, LA Health, Bankmed, etc and make money of running these medical aids. They use on average between 25 to 30 % of the total medical aid premium you pay towards administration, meaning every 25 to 30 cents per Rand you pay is used for non medical expenses, and this is based on fact, the percentage varies according to different medical aids administrators but they are all relatively close. The problem is not the completely the medical aid, it’s the administrators who generate profit for them selves, and when these companies don’t deliver, shareholders start to have their say.
I agree. South African consumers are morons. For companies trying to put quality on the shelves here can be frustrating.
Yes, they are the ones parking a R500 000 car outside a R500 000 home.
Johan, have you tried ‘Interpretation Note No 18’ ? which is a mere 140 pages of explanation.
Interpreting the law is one thing, finding the right box in the return to get the intended result is another…
Yes. That’s 100k per parent, not per kid ; and assuming no other donations in that tax year.
Pure and Simple Idiots / Ego boosters.
NEVER buy a car on credit : If you cant afford to pay cash ,then you cant afford that car : Its simple really .
The very interesting concept of inequality in South Africa is the fact that we have millions of foreigners for poorer countries coming to South Africa. This inflow of people influence our local jobs and small businesses negatively.
For too long the pendulum of human rights over swang too far to allow illegal immigrants over the world to migrate to “richer” and politically/economically (capitalist) countries. This allowed socialist countries to misuse their powers to enrich their corrupt leaders, furthermore the rich countries became the scapegoat for corrupted poor countries. This is exactly what happened to South Africa after 1994. Instead of growing a wealthy economy for South Africans, we sit today with millions from poor countries which burden our citizens even more.
State capture furthermore is evidence of our leaders doing exactly what happens in corrupt socialist countries.
Socialism is the root evil for corruption, and corruption on grand scale is the first sign of socialism’s failure as a economic system.
Foreigners are not the problem. The locals are the problem – lazy, entitled, uneducated, unemployable and violent. It isn’t foreigners setting universities and municipalities alight. Foreigners weren’t disrupting SONA. Foreigners are a convenient excuse used by a population unwilling to acknowledge its own failings and inadequacies.
Why is it so difficult for those in power to understand that rail transport is the life line of any country. Transporting goods and people affordably by rail brings economic prosperity and curb road maintenance drastically by keeping trucks, many overloaded, off the roads. The answer is simple, get professionals to run Metro Rail. Ah but getting professionals is a problem with our dysfunctional schooling system and present dysfunctional managers.
Since when is the compcom expressing opinions on political issues?
This is rather typical of utterances from the South African “ignoratti”. Take a successful organization and mess it up instead of using it as an example to correct the failings in those organizations (usually SOE’s) already messed up beyond belief.
We are not a developing country – we are a Regressive country !!!!
@ Hachment, I agree with your point regarding socialism and its inevitable path to economic ruin and totalitarianism. However, I disagree regarding foreigners who come to SA. The person who has the means, planning ability, self-discipline and sheer guts to migrate from (say) Somalia to SA, to come and establish a little shop in Diepsloot, is exactly the kind of person you want in your country. The next generation of his/her family will be educated and contribute useful skills and probably substantial income tax to society. Much more than the stereotypical languid, entitled, chip-on-the-shoulder, Saffa is ever likely to do.
How dare the middle class expect anything back for the taxes it pays. Its members should just STFU and allow government to continue to steal, destroy and sell off what’s left of SA to the highest bidder.
I thought VBS was the cadre wealth fund? I suppose now that its been emptied, they need another one …
The real challenge is to find a way to insulate the quality of service delivery from the quality of the intellectual capacity of the average voter. A democratic system enables people to change their entire community into a reflect their personal or private circumstances. This phenomenon is moving at great speed to transform the entire country to resemble the traditional rural homelands.
When the right to vote was restricted in the industrialised part of South Africa, the few shaped the infrastructure to resemble their mindsets. Now that the right to vote is universal, the majority enforced their particular mindset on the shape of the infrastructure and service delivery.
The problem is, those voters who destroyed service delivery do not like the consequences of their own actions. They protest and burn tyres to demonstrate their unhappiness with their own influence over service delivery! In short, they are protesting as a group, against their personal levels of intellectual capacity. What else can explain the situation?
Now, the court came to their rescue and reversed the decision of the voters. The municipal council, that was elected by the voters, is disbanded by the courts. The court says, by implication, that the intellectual capacity of the average voter is far too inferior to allow him to demonstrate his wishes. The court says that the voters are not accountable. They are not compos mentis. You have the right to vote, but for your own sake, don’t use it!
Privatisation of service delivery is the insulation that is needed to save service delivery from the average voter. A company is not a democratic system. He who has the most brainpower has the most votes. This is what we need to save the country from the ANC.
Correct. And the real extent of the ANCs illegal immigrants problem is not known. It could be as much as 9m.
But still the real elephant in the room keeping SA poor is corruption. ANC corruption.
This would not be the problem age group. Rather fire for non performance.
Ja no well fine — That did not take too long to bring out the begging bowl !!!!
Great article, thank you Adriaan.
You made a few comments to the effect that Donald Trump may actually be correct and ‘have a point’ here.
You must must have missed your Political Correctness Indoctrination and Re-Education Sessions Adriaan!
How very refreshing.
Did someone tell de Ruyter to take a hike?
He is just like his bosses. Gime money.
PAY THE BLOATED WORKFORCE OFF!! Before you start begging on the bosses behalf.
He did not tell anyone that it is stupid to try and fix ESKOM and keep the 66% of the labourforce not required. What business sense has he got then??????? If he is trying to fix it on instruction from CR and Pravin rather just go boet. Take a hike.
@reality
Oh cry me a river dude…
Everyone is obliged to register for, and pay their taxes. Unless you are condoning tax avoidance…? Bet you are the first at the dinner table to b1tch and moan about crime in SA…
There are many stories about long term tenmants losing their leases due to greedy landlords making a quick (undeclared) buck on AirBnB. This is particularly prevalent in Grennpoint/Seapoint…
Many are elderly people with no-where else to go.
So catch a reality check, poepel.