I agree with Professor Swilling that a more comprehensive policy than we have at present should be prepared by a team including scientists. Stellenbosch has both economists and scientists. They should set an example by coming up with a draft policy for discussion.
"Retired manufacturing CEO"
Very well explained.
Why would some very powerful governments allow competition to their currencies?
If they did nothing to them then it was because they knew that the Crypto currencies would implode by themselves.
I personlly don't know what's so difficult to understand about all these conversations by all these experts, for me it is logical,if interest us 10% and inflation 8% you can not withdraw 5 %, only draw 2 percent etc. ....never touch capital
Nice choice, performance wise! ;-)
Oi...but to expect your poor missus to be contend with a 3-series? She won't be noticed while driving! :-( She needs a trendy & chick FIAT 500 cabrio, that WILL stand out from the crowd! That is style she'll happily accept.
Buy "style", not "fashion". "Fashion comes and goes, but style remains".
A FIAT 500 is one of those (rare) small/cheaper cars that you can park alongside your Aston Martin or Maserati in your driveway, and it won't look out of place ;-)
BMW/MERC/AUDI is like fashion. The cars's shape will be forgotten when the next face-lift arrives. The Fiat 500 is timeless. Your missus will thank you ;-)
In many cases, the "golden" period is a used vehicle in the 2-3yr age range: generally 60,000km and still "new enough" to last a long time before maintenance becomes as issue, and with a few years of factory warranty still intact.
Plus with a large chunk if depreciation (kindly) borne by 1st buyer. The difference in lower cost, usually makes up more than enough to cover sooner maintenance.
Strange as it is, you have people that are too afraid to buy (good) used, fearing say a R50K engine, gearbox or turbo replacement job...but at the same time, not afraid to spend say a few hundred thousand more for a brand new vehicle. You'll lose a R100K or R200K after the 1st year or two...so why be afraid of a (potential) large repair job on a used car?
Pascal's wager applies:
(A) If you buy new, you will be hit (100% chance) by a large drop in initial depreciation (i.e. money you "over paid" the real market), OR
(B)...buy used, save 40%-50% in cost, but risk say 10% (or less) on major repairs. If no major repairs, you win.
Balance goes to share portfolio....
It will be a boost for crime, NOT jobs. Drug-addicts steel, first out of wallets of family members and later, when they get kicked out and live on the streets, they get into worse crimes. And this is not even looking at the health risks. Maybe people should remember why it was outlawed in the first place.
and so Joseph..... and all those fancy properties/mansions you live in and move around between to protect your backside. Lombardy Estate mansion amongst others.... all that Union workers money for you and your personal capitalist greed... great performance I must say.
The answer is "C".
What you have to understand is that it isn't a simple case of "failed to disclose."
He LIED when he answered specific questions on the application form. That is a big difference. If he had told the truth, the policy would not have been issued at that particular time.
Momentum would have called for further medical information. They would then have discovered his dishonesty and the question no-one wants to answer is ...
If, at application stage, the insurer finds out you lied about your medical history ? Do they lay a charge of fraud/ attempted fraud ?
“The best form of control is self-control.” If only the client had exercised self-control, this situation would never have arisen.
We haven't even discussed the most obvious: HEMP!
Hemp production will be far better than it's cousin. It is time to explore the advantages of Hemp which is a true crop and can be used for so many things.
The existence of the policy is common knowledge - many suppliers to coal mines also went out of business due to the changes in ownership when the mines were sold.
It was astonishing to see how smaller businesses that supplied the mines folded one after the other and people lost jobs. And it may also have been the time that the notion of coal being a strategic commodity over which government wanted control in terms of supplies, was prominently in the news.
Yes, government destroys a whole industry and then cry foul over unemployment! No wonder SA's mining sector is where it is today - same as education.
This country is going down the drain due to one factor. No skills transfer. This is found in all sectors of the economy. The new incumbents think they know it all. There is no understanding how a business or the economy works. Where on earth do you tender for work, get funds up front and have the work completed. Will happen no where else in the world. The upfront funds will be spent and the work will not be completed. There is a basic expectation that wealth is created by receiving funds. Not using funds, doing the work end extracting at the end of the day profits which is the part that is called wealth creation. Wake up brothers no such thing as a free lunch. This is what is coming to roost now. a Bankrupt SA.
Now this is what they call divine justice! ANC supporters (the majority of government employees) are going to pay for their own mistakes!
People who vote for the ANC are going to foot the bill for cadre deployment. The looters are going to fund the looters! The dog is chasing its own tail. Let's take it one step further - this means that the assets of government employees are being expropriated without compensation to save their employer!
Geees! never a dull moment with this bunch of lunatics.
That’s rich IckySoft Survé, about the authorities dealing with Magda. The authorities are going to deal with you much more sharply when you can’t pay back the PIC for your newspaper experiment. A nice cell with a few numbers gang members may jog you away from your hallucinations and petty posturing
South Africa still has massive gold resources in the Wits basin. The main issue is cost and political risk. One should note that the last two Wits mines to come on stream were South Deep and Target. These were planned before the ANC took over. Since the ANC took over no new mines were started. In the hundred or so years before the ANC, over one hundred mines were started. Before the ANC took over there was a lot of talk of the next generation of Wits mines. There is a lot of Wits basin that has not been mined. For example the Poplar and Rolspruit areas in Evander. South of Johannesburg there is about 111 million ounces in the Main Reef and Main Reef leader (Argonaut). Deep but not that deep. The down dip extensions of many mines on the West Wits line has further potential but this is deep. The Potch gap has potential. There is a lot of shallow ground in the Free State such as the area between Harmony and Joel. All these plans fell by the wayside with the ANC due to the risk associated with investments in SA. Royalties just compounded the issue and sterilised millions of ounces. Militant labour put the final nail in the coffin.
It could probably help the job market, but the core reason we have huge unemployment is not to do with a lack of opportunities or industries. It is a mix of our rigid labour legislation, aggressive unions, poor education system, bee requirements, red tape and legislation strangling small business etc etc etc.
We could have great employment prospects in many of our current industries if these things are just addressed, but it is becoming clear that what is happening is quite the opposite, they are getting worse every year.
Bottom line, whether you're selling shoes or pot, employing people is going to be a battle.
We have got this weird situation in South Africa. The owners of the mining companies are under the impression that they are mining for gold. In reality the true "gold diggers" are Eskom and the mine workers. The mining company merely serves to facilitate the extraction of gold by the ultimate beneficiaries of the whole process - Eskom and mine workers. For its share of the gold, Eskom actually competes with the mine workers. The government-sponsored monopoly gives Eskom the power of extortion. The labour laws give unions the power of extortion. Each of them is busy extorting at the maximum rate. They are fighting over the same carcass like a pack of hyenas. It is a feeding frenzy of cadre against cadre, with the emaciated owners of the mine in the middle.
Eventually it will dawn on the legal owners of the mine(investors) that they are not the beneficiaries of this mining process. They are merely sponsoring the extraction for the benefit of true recipients. The vultures(zamma zammas) are circling overhead, ready to take over whatever scraps Eskom and the labour unions leave behind.
This situation describes every industry in South Africa. The foreign investors are horrified by this spectacle.
TRANSFORMATION, yup, gotta love that 'T'word. Just like the Estate Agents Affairs Board has recently been transformed into an all but in name arm of the state answering in the main to the minister of human settlements.I kid you not.
I personally give this industry about 12 months and they will have totally eliminated ANY PRIVATE property sales, in that ALL homes will then HAVE to be sold by a so-called Property Professional (That's sommer an old estate agent to you and I) who is answerable to the EAAB who are in turn governed by....GEDDIT?
I find there is a sort of movie script that applies in this country post '94: As soon as you hear Transformation or Charter, here comes twubble.
But what would a 73 year old male know anyway?
Do they think retired people are a bunch of morons? Surely we can decide ourselves how much we want to draw down. We didn’t all suddenly forget how to add up once we retired. I would be very annoyed if they did this.
If its about relationships with clients and meeting the needs of clients, you have to empower the branch manager. For the branch manager to be allowed discretion means that the culture where every decision is made at head office or worse still, the client is referred to a call center, needs to change.
ABSA has been run in an authoritarian top down military style. This is the way their clients are treated. WE know better. These are the products we have. Just look at banking hours for example. If I am not mistaken, Capitec has the longest most client friendly hours, followed by FNB, then Nedbank and Standard and only then ABSA. That is probably how they rank in terms of performance as well.
In addition their record of repossessions and litigious behavior, does not inspire confidence. So rip off the Band Aid and change the culture. From the top. Or continue slowly dying holding onto your rules and regulations manual...