Specialists have the opposite problem. They know more and more about less and less, until they know everything about an obsolete approach. A big problem today, when everything is changing fast. Good point you make though about specific suburbs.
Agree with much of what you say. It's interesting though, Sensei, that most of the big spectacular failures of our times (ENRON; Worldcom; Lehman and many others) were not caused by the blue-collar workers, politicians or academics and their theories, but by those very high-skilled, highly paid executives and managers and providers of capital intent on maximum extraction.
There is no hope of "partial privatisation". SAA is already so deeply in debt that 100% of its equity could not fetch R1. It can only be liquidated now.
It is a shocking disgrace and a dreadful indictment on the ANC "revolutionary /freedom fighter" government that EVERY year around five thousand million Rand (R5 Billion)that could be spent on the poor is spent on rich airline users.
The real reason for hanging on to it with such determination is that it is of course, a tax money laundering scheme. Tax funds are being channeled to the brethern and they dare not stop it now. Any private partners - if there were any foolish enough - would quickly expose the whole rotting can of worms and brothers and sisters would be sent to jail.
This is old news, scrap all the above scores. As of this morning 16 Nov '17 every company in SA scores a 5.
News of the KRACK WPA2 vulnerability should have IT guys on the hop for a while.
"Severe flaw in WPA2 protocol leaves Wi-Fi traffic open to eavesdropping..."
International buyers still see great value in Cape Town property but are sitting on the fence more. Cape town offers the lifestyle and space incomparable to most desirable European cities and yet still offers similar infrastructure and now with extensive fibre networks. The world is realising less need to be clustered in close physical realms to perform business. With modern infrastructure together with the cosmopolitan contemporary lifestyle ( Atlantic seaboard and City bowl) you will see why the rally in Cape town property prices still has long legs. The market has definitely dried off already due to political uncertainty and a lesser extent, the drought but prices are holding up, its just sales that aren't moving as fast. Lets face it, the past 24 months have been shameful for South Africas international reputation. If the damage done can be ameliorated by removal of the cancerous ANC underbelly with the installation of a more respectable incumbent then the Cape town property market will look up regardless of any local affordability ratios.
Just sold my house in Hout Bay for 88% more than I bought it for 4 years ago. Kerzner pumping R500m into a new estate in addition to 2 others with average property prices of R7-9m that are already sold out.
Hout Bay definitely fairing better than most of SA, and even a lot of Cape Town
Where do you see the 'Reduced' or 'Must Sell' signs in Houtbay?
My property in upper Kenilworth sold at 3% below asking price within one day!
A new block of flats in Kenilworth road sold out before the foundations were laid.
Bobbie - you really do not know when it is time to keep quiet and go home
I am convinced you have lost a lot of socalled friends over the years because of your inability to stop giving advice when it is not nedded and when you are not the specialist
we all know youy would love sa going further to the dogs - just so you can feel vindicated about your decision to leave - quite despicable is what I would call you
Retreat into your little hovel and try to save some friendships if you have any in that wonderful country.
Thats very mischeavous of these analysts to attribute the gains realised by the rand to the court ruling on JZ's case. What caused it to slip in the first place.. We need a more holistic approach when analysing the trends, not this pedestrian analysis. NB, im not a JZ loyalysts.
Driving on South African roads is very scary. People drive in the overtaking lane when they should be keeping left. People drive right on your @#%$@. People drive over solid white lines. People squeeze into super small gaps even at high speeds. I see bad driving at least once a day. When I lived in the UK I saw dodgy driving maybe once every 6 months.
I think your response is absolutely correct in its content but here's the conundrum - where do you find the forward looking, ethical and qualified financial planner. I often ask of these "planners" whether they are the planners of their parents and in-laws portfolios, and whether they have made meaningful projections on the wealth of their parents and the milestones to achieve these objectives,and, finally what is their plan for their own wealth creation. Simply put many financial planner are not looking at the wealth creation of the person, but rather what income streams can be garnered from the the plan
‘’A generalizer is a man who learns less and less about more and more until he knows nothing about everything’’
Maybe you should follow this up with specific suburbs close to Table Mountain.
My son for years tried to buy a property in Oranjezicht Cape Town, without success. Most Estate Agents have got a long list of cask offshore buyers. These properties were sold to them almost immediately before the locals could even view the house!
He eventually bought a nice property for > R 10 million in Oranjezicht after he also finally ‘’lined up’’ a cash offer.
I think Cape Town has become a traffic and resources nightmare and more and more people want to move close and closer to the city, hence the ‘’inflationary prices and demand’’.
My son received a ‘’counter’’ offer for R1 million more via the same agent from an offshore buyer which indicates that they think this is a captured market for them!
I recently travelled from the Cape to Jnb to Durban and back to the Cape again - by road.
Never before have I seen such poor driving and a total disdain for traffic safety and the law.
Every time I go on a trip it is worse.
Traffic officers are nowhere to be seen, and drivers behave like absolute idiots.
so what I see is much better driving by our motorists, less fines being given and therefore no super traffic cop needed.
Or are the infringements being settled on the spot.........makes you think doesn't it.
The very dangerous mistake made by those "progressives" with socialist ideals, is that they believe a business is an inert or static object, like a mountain or a bridge. Those who advance the ideals of material equality and wealth distribution, do not realize that any business inherently is a highly unstable conglomerate.
Those well-meaning academics and socialist never realize that the default state of any business is bankruptcy. It takes constant focus, the application of great skill and superior risk-management strategies to keep a business together in a competitive environment. The blue-collar worker, the politician and the academic do not understand this. Therefore, out of ignorance, they believe that they are "poor" because management and shareholders are wealthy.
It takes a level of education, experience and insight for an employee to realize that he has got food on his table because management is successful at the perpetual struggle to keep the company from going bankrupt.
Sadly, it always takes the full cycle of socialism, followed by an implosion of the economy and the resulting famine, before workers welcome, and take comfort and pride in the fact that the managers of THEIR company and the providers of THEIR capital are wealthy.
Great! No 1 Clueless' days are numbered now! I'm just hoping that this will expose his corrupt Clan as well and that this will be an example for all leaders of South Africa that they will learn that a leader is their to serve their people with integrity and honesty.
As minister of finance Gordhan had a grand-stand seat of how the looting was conceptualized and originated. After all, he was in charge of the banks, FIC and the SARB and SARS.
How easy was it not to stop the rot by checking the flow of money from bank accounts and have lifestyle audits done for those implicated? I cannot move R20 to my offshore bank account without a mountain of forms to fill in and questions answered.
I don't buy his innocence and sweet talking for a minute.
all just smoke and mirrors - all this happened on their watch, and all them like the "see, do and hear no evil". Now, all suddenly outspoken, and so concerned about the country, while its been bleeding out for the last 10 + years. 10 years back you all had your chances to be concerned about the country, and again this time, I do not believe any decision from Luthuli House is for country but for ANC cadres only, ANC can not be trusted, with or without Cyril. For Gordhan to gain my trust he must walk away from the ANC and stop trying to play "B Potti"for Cyril and the "New ANC".
ANC took SA to the abattoir, to be sold to the highest bidder, that's the ANC agenda, money and power for them elite cadres.
The issuing of fines is meant to be a function of good policing and not seen as a revenue generator. As for Aarto being implemented countrywide - joke. This will never transpire. e-Natis cost the taxpayer R300m ten years ago for a botched implementation. This was recovered by slapping a R30 transaction fee on some 10 million license renewals. Since then, not satisfied with getting the taxpayer to foot the bill for the initial e-Natis balls up, this same transaction fee has appeared on license renewals every year, increasing to R36 and now R42. How exactly has this mere R3,5bn been appropriated over the past 10-odd years? Oh, and the actual license fee has trippled over the same period. The creation of another proud legacy.
In every endeavour - relationships, families, teams, corporates, governments and countries - if there is lack of desire for excellence, if there is no personal responsibility and accountability, if there is no consequence for under-performance, and no enforcement of the law / rules - then mediocrity and bumbling along is the culture ('the way we do things around here').
The performance of SAA (and other SOEs) is simply a function of the above kinds of culture (and are replicated all over the world where such cultures exists - it is not a SAN phenomenon).
Take, for example the incidence of road crashes in SA. Fatalities - 18,000 a year. Injuries - maybe 10x that. And, economic losses? Data suggests up to R309 billion a year!
But no one cares in the least. No government agency has made even a marginal effective effort. Corporates rather sponsor rubbish sports teams than getting involved in this matter.
And the general populace keeps breaking the law - running lights, using mobile phones, cutting lanes, etc, etc. The same folk who complain about government and SAA are the ones who cannot even apply the laws in their daily lives.
This is the culture which we have all helped create by our own behaviours, then whinge about others...
SAA is a symptom of a much larger malaise.
Given the current share price and the project expenditure in the USA, Sasol should rather extend the scheme for a further 1-2 years. By 2020 the oil price will be healthier and the cracker should be generating cash flows - this translates to a higher Sasol share price. The Inzalo scheme will then be able to settle its own debt.
How do you sit on your fat behind watching for 10 years and now suddenly you jump up and down frothing at the mouth. When the first transgression took place why did you not stand up immediately and nip it in the bud.
Why? Because you are implicated all the way. No backbone no principles no integrity.
Now you expect us to believe that you are going to clean up??? Come on Squirrel pull the other one now. Spineless politician.
After the decision was made at the Polokwane Conference, the National Democratic Revolution was implemented with precision. The ANC captured all organs of the state. ANC cadres are deployed in all key positions. Luthuli House is now the de-facto parliament. The real parliament is a farce, a show to keep the public under the impression that their vote counts.
In true communist fashion, out of the communist Russia handbook, the ANC captured the state. The Guptas are a mere side-show. A chain of events has been started by the ANC, that they now lost control over. Nobody in the ANC can come up with the solution because the ANC itself is the problem.
If you want to know what the future holds for South Africa, read a few articles about life in socialist countries. Read "The Gulag Archipelago" by Aleksandr Solzhenitsyn. If our future is determined by people who do not read, I am afraid we engineered ourselves a gigantic catastrophe.
So Malusi has 17 days to raise R5 Billion ?
Good luck dude, but not likely to happen, 2 year extension will probably be taken, which kicks the can down the proverbial road yet again.
Running an airline is hard enough when you do know what you're doing, it can only be catastrophic when you don't.
A while ago I tried Dominos for the first time and their pizza sucks. You can hardly compare
their pizza to any wood-fired pizza. It doesn't offer anything more than a Debonairs oven made pizza. Just because something works in the USA or in other countries doesn't mean it will work in SA. They are selling Starbucks iced coffees at R39.95 at the store whereas a can of Coke costs R10. It simply is 4 times the price for a product that South Africans don't even know.
South Africans know ice tea, but not iced coffee and at that price they are not going to get to know it soon.