And so all the millions are eventually given land and title deeds, for free, and then they realise upkeep, farming, etc. are really quite difficult and decide to sell and take the money instead. Millions of transfers, millions of title deeds exchanging hands, or lost, conveyancers unable to cope, Deeds Office totally clogged up, what a mess.

You are spot on. Logic is irrelevant in a mad-house.

I don’t get why people are confused. The act applies, whether you swap crypto for Uber rides or new born lambs, clams or gold for anything : a gain or loss is a gain or loss, whether capital or income in nature It is really not difficult people

Why, on a topic about auditing and ethics, is MW consulting a non-audit body (but one whose CEO would openly love to be accredited as statutory auditors) that does its best to confuse itself with CAs — saiBa is strangely one letter removed from saiCa (the real deal). He clearly tried to equate the 'ten professional bodies,' some of which (have nothing to do with auditing) The "(SA)" suffix that all SAIBA'S 'qualifications' have was adopted by SA chartered accountancy for good reasons, to distinguish it from its mother body. But apart from marketing, there is no good reason to have SAIBA distinguish itself from non-existent overseas bodies. He constantly talks about "our profession" although he is NOT a member of the auditing profession (but states he would like SAIBA to become one, note the heavy hints at alternative roues — notably his own for-profit organisation's training — to becoming qualified). Interestingly, SAICA itself is cashing in on the CA(SA) designation, having introduced a non-auditing CA stream. This is a reaction to the fact that most CAs end up "on the other side of the desk" in commerce rather than auditing and to the competition from MBAs, bodies like SAIBA, etc. But this does not answer WHY so many CAs wind up as successful in business (with the Steinhoff gang, certain CFOs at SOEs, the skelm element at KPMG and the like hopefully aberrations). While SAICA, IRBA and various international bodies (IFAC, etc) are grappling with how — when corporates and accounts are getting increasingly complex and complicated — outsiders (the independent auditors) can continue to express reliable opinions on their accounts the interview does not touch on this. Nor does Nicolaas indicate why his institute offers a better alternative.

It’s not only steinhoff all companies on the Jse all of them should be taken to task eg abil bank getting away why?????????

If ever there was a company that needed a major shake-up!!

het gisteraand ( 20/04/2018 ) na jou geliuster op RSG geldsake en komentaar op die klomp skelms se doen en late. Ek het self geen aandele in die skelm beleggings skema maar voel net soos jy en die ander belegers...de moer in. Eenvoudig: die skelm mense het in die eerste plek die skema gestig met die doel om hulle self skaamteloos te veryk en die beleggers te bevark...hulle het presies geweet waarmee hulle besig was.

Haha don't touch them??? Stay away from the Internet too, that's also fantasy... Betting against technology and progress is not wise.

I have to agree with France’s original comment. All problems that exist worldwide are based on overpopulation and education. Pollution of the planet, shortage of critical resources ( water, food scarcity, housing and jobs) these are all linked. No Social Grants system, economic empowerment schemes or land redistribution will change a thing. Until we deal with overpopulation nothing will change.

So where is the missing €19billion? Once you find that out, you will know exactly what happened at Steinhoff It’s as simple as that

This is all about the sudden interest by SARS in the fantasy world of the Bitcoin and similar fantasy currencies. While some have claimed to have made money from them, they are in the same category as casino coins. Do not touch them. If you do then you have a huge chance of loosing your money. It is unfortunate that our government channels have been quoting their supposed values at the same time they quote tangible world currencies like the US $, the Euro or the GBP Sterling. Otherwise you may just as well believe in monopoly money as the real thing. Be and stay warned.

"Take for instance the US dollar – it is not official South African tender and is also not widely used and accepted in South Africa as a medium of payment or exchange." Tell this to the companies and individuals who import and export things. The dollar and Euro is used far more as medium of payment for import and export than the Rand.

d@m spellchecker should be "trial".

Cyril doing a balancing act on a knife point, Should he go left(EFF) he will gain voter support from the masses, with the unrealistic "free"-"dom"-charter campaign, but then he will definitely loose the economy. No matter how the ANC try to talk down the situation for Cyril's return from the Commonwealth summit, the international community again have taken notice.

I just love South African Law "The National Prosecuting Authority (NPA) gave Duduzane Zuma a two-month deadline that expired at the end of March to make representations as to why he should not be prosecuted"...it took the NPA investigators 4 years to come to the conclusion "lets ask Dudu if we must prosecute", I left SAP after 20years, O how happy all them suspects would be if I had ask them, "what do you think, should we go on to trail"...if the evidence proof quilt, it went to trail, with or without consent. NPA investigators wont even find themselves in a mirror.

to ad to your comment, Reuters article on "South Africa's northern protests" -... "Miriam Visage, 52, who lives in a two room township house with her six children and seven grandchildren",... today (2018) its Miriam, who demand her share, 2023 it will be the six children of Miriam who demand their free share, and so far we have seven grand children in this family - come 2030 its the seven grandchildren demanding their free share right, this bring us to 14 from this one family in a 10 ten year span. Were screwed, as this is the voter base for ANC and EFF, breeding masses to stay in power.

was the salmon good?

I feel a bit sorry for Me. Sonn. This company was looted by the Skelmbosch crowd and their hangers-on. It has nothing to do with her and yet she somehow has to clean up the mess. To make matters worse, while regulators, lawyers and angry investors are snapping at her heels, it is hard to see any form of outside support coming her way. I wish her all the luck she deserves. Shame.

Have you all considered that CR has followed that old adage “ keep your friends close, but keep your enemies closer”? At best, perhaps he has been waiting for Supra to shoot himself in the foot, and now can do what he wanted to do when he took over but couldn’t be in a rush to do. One hopes this is the case...... Too many expectations, not enough resources to meet them is a big problem for us all.

A good credit control team is essential. Follow up and follow up. Adhere to your rules, customer does not pay as per arrangement, stop his account. Check on customer's viability and have strong credit limits. Insure your book. As mentioned here don't buy stock or do special jobs unless you have a deposit. I have been in businesses where an account is not paid until the supplier has phoned. So follow up and follow up.

A voice of wisdom amidst all the political rhetoric that bedevils this issue. We need thought leaders - such as Schuitema - to speak out consistently on this emotive subject.

~Paying legal costs out of her own pocket will have a negative impact on her family members.. Yeah no shit? Should have thought about this before endangering the only income several million of the poorest people in the country have. They squander taxpayer money without a 2nd thought so I think it only just that they start sharing the pain from their own pockets.

LOL - What am I getting for my tax money?? 1. I pay for schooling and university fees - some do not!! 2. I pay for private medical fees and do not rely on state hospitals. 3. I pay for armed response as the police are worse than useless!! 4. I pay rates and taxes yet the roads are falling apart and the water stink. 5. I bought my house with hard earned money - others just get it for free. 6. I pay my taxes to have it squandered by a socialist government. WTF!!! I must be senile to actually complete a tax form!!! The answer to what do I get back for my taxes = EXACTLY 0- nil - nothing - zilcho

Absolutely. The ANC and the public sector do not have the complete monopoly on corruption.

Usually if you smell a rat, there is a rat! So. The buddy buddy network extends beyond Skelkembosch - doesn’t really prove anything. But it does confirm that there is honor amongst thieves.

When it comes to land, I always ask myself, who is the settler and who is the indigenous inhabitant ? If you go back 400 years, then I am a settler in South Africa, being of European descent. If you go back 800 years or more, then a lot of the African population are settlers, having migrated southwards from central Africa. Who decides where to draw the line in history ? Ultimately, I believe we are all settlers, as nobody's forefathers staid at the same place since the evolution of man. Tell me I'm a settler after 400 years in South Africa, and I will prove to you that you are a settler as well.

The former President and his comrades, some of which are still in government, and for the record - none have come to book, showed the world that product RSA was one of the most risky to invest in. Our long winded judicial system, our high crime rates, the constant threats of our land being grabbed or occupied, the one sided and restrictive labour laws in place, the ongoing daily strikes we encounter, the high tax rates in place, the excessive delays at SARS dealing with queries and tax refunds, the restrictive and punitive rules at Home Affairs for entry and exit into South Africa of travellers with children which are unique only to South Africa, the social grant system which is draining the economy - just to name a few things that Investors do not encounter when they invest in other countries are the things to consider when investing in South Africa, and conversely, when South Africans invest abroad.

This article is spot on. Add to this perspective, that when looking at agricultural land redistribution, we should look at success stories where partnerships between commercial farmers and emerging farmers have been shown to significantly increase the chances of success. If we could only eliminate patronage as a criteria for awarding farms and rather look to skills and willingness to work hard, then we would be starting to make a difference here.

To compete with Capitec's excellent product which has 4 accounts within the single debit card they issue and an awesome interest rate above 5% credited monthly on positive balances, FNB will have to match or better that or else the zero fee attraction at FNB will have little or no effect. Bank consumers are wiser these days than Bankers credit them for. Beating Capitec's product together with their good service will take a lot to match or beat. I wait with bated breath for the launch but I am not optimistic.

Unfortunately this is the price you pay for BEE. Forcing those that don’t understand the protocol to take up positions of authority. It’s not fair on everyone involved.

It's a lovely property and it's worth every cent. I have great respect for Steinhoff when it comes to picking investments and preparing financial statements.... Them fellows have great taste and greater creativity.

Before the Steinhoff aggressors are taken to court, the people involved in State capture who have been dipping into the cookie jar for much longer periods, they must be charged and their cases heard in court. Do not use the Steinhoff case to sweep the theft from State Capture under the carpet.

SA is around 1% of the worldwide investment market. Why would anyone keep most of his eggs in this tiny basket? If overseas investors put ONLY a small percentage of their money into SA why would a local person/company not do the same?

LOL - paying it out of my tax pocket is OK, though. The ANC cadres have no idea of finances or where money comes from.

If she has family members in need of financial assistance then they can always apply to SASSA for aid. As for herself, a bit of imposed austerity to pay the debt and bills never hurt anyone.

Can someone please give us the facts of the Steinhoff matter? Until that is done, BLSA and others threatening jail time for all and sundry are merely acting as kangaroo courts.

I hope they have success, but the government is not exactly creating an environment in which the economy can grow and attract investments in a natural way. The business environment is over regulated and the cost of compliance is a lot. And then there's the risk of just loosing everything in the name of expropriation without compensation.

Move past the identity politics. There have been more than enough recent examples of "white" fraud - notably Steinhoff, perpetratred by white CA's. I am so fed up with everything being defined by skin colour, nationality sexual orientation or gender. People act corruptly because they are corrupt, not because they are black or male or gay.

hereshoping How can he get new investment into the country with the EFF policy of land grab and the ANC burning buildings for anything they do not agree with and the taxis ruling the roads with barricades. There is no more law and order. The ANC have lost the plot.

Really? Last I checked Trevor Hoole was white? So was Brown(Fidentia), Leon Kirkinis(African Bank), Marcus Jooste(Steinhoff) etc...what is at work in these cases?