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Top articles and comments, based on the Moneyweb Insiders activity.
The top commented articles of the past 24hours.

    Economy

    Repo rate stays at 3.5% as expected

    UPDATE
    23 Sep 2021  /  Suren Naidoo   8

    Africa

    SA calls for reparations for victims of slave trade

    23 Sep 2021  /  S'thembile Cele, Bloomberg   2

    Fast News

    Ramaphosa says rich nations are vaccine hoarding

    23 Sep 2021  /  S'thembile Cele, Bloomberg   2

    Fast News

    Billionaire to back cancer, Covid vaccines in SA

    23 Sep 2021  /  Antony Sguazzin, Bloomberg   1

    Fast News

    SA mines plan R40bn investment in power generation

    23 Sep 2021  /  Antony Sguazzin, Bloomberg   1

    Fast News

    China property assets soar as Evergrande spillover fears ease

    23 Sep 2021  /  Abhishek Vishnoi and Ishika Mookerjee  

    South Africa

    Corruption in state-owned companies hurts low skilled workers the most

    24 Sep 2021  /  Margaret Chitiga-Mabugu, Martin Henseler, Helene Maisonnave and Ramos Emmanuel Mabugu  

    Fast News

    Commodities rebound amid oil gains and easing China concerns

    23 Sep 2021  /  Gerson Freitas Jr, Bloomberg  

    Africa

    Ethiopia seeks IMF deal as talks begin to revamp older debt

    23 Sep 2021  /  Fasika Tadesse and Samuel Gebre, Bloomberg  
The top commented articles of the past 7 days.

    South Africa

    World’s worst HIV epidemic stymies South Africa’s Covid fight

    19 Sep 2021  /  Rene Vollgraaff, Antony Sguazzin and Amogelang Mbatha, Bloomberg   35

    Companies and Deals

    Authorities greenlight Burger King sale

    UPDATE
    21 Sep 2021  /  Akhona Matshoba   23

    Markets

    SA shares slide, as default risks haunt Evergrande

    UPDATE
    20 Sep 2021  /  Reuters and Moneyweb   17

    Soapbox

    Eskom is being reset: CEO sets out how

    17 Sep 2021  /  Anton Eberhard   16

    South Africa

    Post Office workers face uncertain future

    21 Sep 2021  /  Marecia Damons, GroundUp   14

    Africa

    Sun spiders and land invaders 

    20 Sep 2021  /  Cathy Buckle    12

    Tax

    Corporate taxpayers on their experiences with Sars

    22 Sep 2021  /  Barbara Curson   12

    South Africa

    ConCourt rejects Zuma’s bid to overturn jail sentence

    UPDATE
    17 Sep 2021  /  Wendell Roelf, Reuters   10
The top commented articles of the past month.

    South Africa

    World’s worst HIV epidemic stymies South Africa’s Covid fight

    19 Sep 2021  /  Rene Vollgraaff, Antony Sguazzin and Amogelang Mbatha, Bloomberg   35

    Fast News

    Masondo suggests R146bn of SA debt be forgiven

    7 Sep 2021  /  Antony Sguazzin, Bloomberg   35

    Opinion

    Closing the gap of gender inequality in the SA labour market

    11 Sep 2021  /  Bryden Morton, Cris Blair   33

    South Africa

    Electricity: Who pays more?

    30 Aug 2021  /  Moneyweb   31

    Investing

    In SA, female representation at fund manager level has stagnated

    15 Sep 2021  /  Angus Foote and Patrick Cairns, Citywire   29

    South Africa

    New Covid variant found in SA has concerning mutations

    30 Aug 2021  /  Antony Sguazzin, Bloomberg   29

    Fast News

    Rich nations head to South Africa seeking coal exit deal

    15 Sep 2021  /  Jessica Shankleman, Antony Sguazzin and Saleha Mohsin, Bloomberg   27
The latest 20 comments.

Citizen123

24 September 2021 @ 6:03 am

Socialist viewpoint

TaffyDee

24 September 2021 @ 4:20 am

Rubbish.

BageSuge

24 September 2021 @ 3:41 am

It will be flying to those cities with people flying ‘free of charge’ and presenting only tokens that appear like legitimate tickets only for the airline to ‘discover’ later that no such funds were ever deposited. Otherwise, how do you account for the huge deficits that recur year in and year out. This airline is doomed, cull it already. Its embarassing to keep calling it ‘a national airline’ it is not. Just take it to the knackers – – – and let’d be done with it.

Pelz-ebub

24 September 2021 @ 3:10 am

The meek shall inherit the grants . Low IQ is in fashion and rewarded.

Honda

24 September 2021 @ 12:53 am

I think they are concerned about the taxpayers leaving hence all the rule changes with regard to pensions / RA’s. The object being to make it more difficult for people to leave and trap as many as possible in SA.

Honda

24 September 2021 @ 12:45 am

I am not sure that Zuma has paid anything for his legal expenses. I think he has already succeeded in passing the vast majority of the cost on to taxpayers. That is why he has been so successful with his stalling tactics i.e. he had unlimited legal advice and the best advocates all paid for by the taxpayer.

grahamcr

23 September 2021 @ 9:12 pm

It is apparent that “ignorance is bliss”

JapieM

23 September 2021 @ 9:11 pm

I’m not comfortable being in a train at 160kph that is being maintained and operated by the lowest priced bidder. Secondly, there is only one company (or consortium) in SA with experience in operating and maintaining the Gautrain- so who else will be able to bid?

Truth First

23 September 2021 @ 8:37 pm

Does Spur still serve John Lee Special, Chattanooga Cheese Cake or Chico the Clown?

DragonX

23 September 2021 @ 7:53 pm

Thanks for your insight. Will check out ShapeShift.

DragonX

23 September 2021 @ 7:46 pm

thanks for your insight.

So cryptos are priced in USD. In SA, on the local exchanges you buy in Rands. You get the Rand equivalent, so the USD is priced in.
If (and I have seen) a crypto go from $1 to say $3 in the US… this is 200% growth. In Rand terms I have seen the same crypto moved from R16 to R45 … in Rands we got 181% growth…
Not many assets give 200% growth in a short space of time.

Definitely agree that some FIAT denominated equities in developed economies have given good returns… but access is a problem… which broker do you use?

nicka

23 September 2021 @ 7:22 pm

I agree – great article, Marius.

The guide to investing in retirement based on drawdown rate is something I have not seen before. Very useful, even if as a starting point.

Two other small comments:
1) You comment a couple of time on the tax rate in endowments compared to individual tax rates. I presume the latter is the person’s marginal tax rate.
2) While this article is not a tax guide, some comment on the management of annual interest and CGT may be useful.

Thanks.

The_Banana_Republican

23 September 2021 @ 6:47 pm

As someone who also has some crypto, it certainly is NOT a hedge. For an effective hedge there needs to be a correlation, I do not see this. Now don’t get me wrong having crypto exposure in your portfolio is not a bad thing in my opinion, it should just not be seen as a hedge against SA’s fiscal and economic risks. At the moment the best hedges in my opinion remain foreign FIAT denominated equities in developed economies. I could be wrong and stand to be corrected though.

beachcomber

23 September 2021 @ 6:07 pm

Add some praying and they’re good to go …

beachcomber

23 September 2021 @ 6:06 pm

Yes, the world has gone loony … but I also read that someone annoyed with the “artist” or the process, simply made her NFT free to download. No certificate but still destructive.

Instant collapse …

singhprook

23 September 2021 @ 5:42 pm

Yes 100% robbery

The Oracle 2

23 September 2021 @ 5:34 pm

GW is a dinosaur! Extinct and useless!

The Oracle 2

23 September 2021 @ 5:29 pm

Well done Sir.

PurgeCoin

23 September 2021 @ 5:17 pm

Very true, and if you are using ShapeShift then you are able to move your money into multiple crypto accounts and in different crytos with in seconds.

As a test, I moved the equivalent of just R1000 in 10 different accounts and back in 10min.

I no longer measure bitcoin, rather I use it as the yard stick for measuring.

Mmmm

23 September 2021 @ 5:02 pm

Yes. Crooks. The inflation figures they talk about is rubbish anyway!!!!

You can get 7% on a USDC (dollar stable coin) account. Time to forget about these crooks. Time for a new dawn.

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

    21 September 2021 @ 6:11 am
  2. Forget the tax gap since there is no political will to tax, for example, the taxi industry which is largely evading tax. Rather Cut Expenditure. We have 16 million people on social grants, free health care, free school education, free university education and free RDP houses. Add to that free electricity, free water and free refuse collection because people simply don’t pay. We also have a gigantic parliament with 400 members, hundreds of traditional leaders and 2,1 million civil servants. Simply unaffordable.

  3. Chris Stoffel

    21 September 2021 @ 12:35 am
  4. All the money stolen + all the money misspent = the tax gap.
    There, I have done the calculation for you.

  5. PurgeCoin

    23 September 2021 @ 5:44 am
  6. I still will not fly SAA, it represents the epitome of “Transformation”, “BEE”, “State Capture” and Corruption.

    The new owners have paid a really hefty premium, probably because it has some “preferential benefits”.

  7. Bert22

    23 September 2021 @ 2:04 am
  8. ‘starting with about six aircraft’
    This means more or less six.
    Is this five, six or seven?

    Already very vague!

  9. Pamplona

    20 September 2021 @ 11:48 am
  10. Dare anyone criticise the cause of this problem? In this woke and PC world, no has the courage to say what needs to be said – Zimbabwe’s and Africa’s problem is 95% the fault of its indigenous inhabitants. Incompetent, corrupt, causally violent and primitive in word and deed. This will never get posted – who cares, I’m the better for writing it!

  11. Rule9

    22 September 2021 @ 4:27 am
  12. Yes, the problem is that SARS is the collection agent for a gangster government. No matter what SARS does it is tainted by association. People are right to avoid paying tax at all costs.

  13. Pamplona

    21 September 2021 @ 12:06 pm
  14. “historically disadvantaged people” ? – considering its been 27+ years now, that must mean people of Caucasian heritage surely?

  15. Navigator

    21 September 2021 @ 7:17 am
  16. The tax gap is 200bn. The gap in the country’s economic performance is trillions. Does anyone care about this? No.

    There’s a huge tax gap in charging corrupt politicians.

    The metric that 6% of the population pays just about all of the tax is just another depressing spot on another global league table where we excel in under performance.

    Does anyone care about this? No.

    The focus in the country is totally on the wrong things, and so the results are all heading in the wrong directions.

    Viva ANC, viva

  17. Sensei

    19 September 2021 @ 7:31 am
  18. To stop sleeping around is very hard and even couterproductive if getting an erection is the only feat you are capable of.

  19. Africa Pragmatist

    21 September 2021 @ 4:23 am
  20. Tax gap candidates…

    Taxi industry, ANC corruption cadre culprits, Cas businesses, cash and carry, illegal cigarette and alcohol manufacturers ans smugglers, those that steal or don’t pay municipal services, shabeens and spaza shops.

    Force eleonic payments for absolutely everything via a crupto.

  21. Funguyinjnb

    21 September 2021 @ 6:13 am
  22. A the three-day event to decide if they will still continue avoiding lifestyle audits in order to increase tax collections.

    Simply blows the mind.

  23. Sensei

    17 September 2021 @ 2:06 pm
  24. Eskom is a tool in the hands of Luthuli House to channel the spending power of households and businesses to connected BEE companies with loaded tenders in the coal and transport industry. Every one of us foots the bill for the ANC’s vote-buying exercise.

    It is also time we all answer the following question – which demographic group is responsible for building the business that enables the implementation of BEE policies, and which group also determines the success of those projects after implementation?

  25. Safrican2

    23 September 2021 @ 2:56 am
  26. And on Monday next week they will petition the Govt. for a bail out. R8b should do it for the next 6 weeks.

  27. Chris Stoffel

    20 September 2021 @ 12:26 am
  28. There is no trust to rebuilt, we never trusted the government right from the beginning. And we trust them even less now.

  29. Africa Pragmatist

    20 September 2021 @ 5:21 am
  30. With the ANC in charge their cannot be any rebuilding of trust in any government institution. Especially when they are so broken.

  31. Africa Pragmatist

    22 September 2021 @ 4:44 am
  32. Both PwC and SARS were culprits in state capture.

    How trustworthy are both?

  33. Mmmm

    21 September 2021 @ 7:12 am
  34. SARS is captured.

    It is blatantly obvious that Zuma has spent more on legal costs than he ever earned in his lifetime and is still doing so.

    Where does the money come from and has he paid tax on it??

    The fact that SARS blatantly ignore this shows clearly that they are captured and the new anc “deployee” is the capturer in chief!!

    It is as clear as daylight!!! FFS!!!

  35. Supersub

    20 September 2021 @ 9:50 am
  36. More drivel from this useless apology for a president! All we learn from this is that Cyril is out of touch with reality.

  37. casper1

    23 September 2021 @ 4:43 am
  38. Fly at your own peril !!

  39. casper1

    20 September 2021 @ 10:10 am
  40. NO Rammer !! You guys have a goal of only a better life for yourselves!!!

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