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    UPDATE
    6

    Glencore pleads guilty to decade of bribery and manipulation

    25 May 2022 /  Chris Strohm, Chris Dolmetsch and Jack Farchy, Bloomberg

    Amcu says wage deal agreed with Anglo Platinum

    24 May 2022 /  Felix Njini, Bloomberg
The latest 15 comments.

JustMe

28 May 2022 @ 7:59 pm

The Swiss and their opaque secrecy and neutrality are the main problem together with the rest of the tax havens, like the USA and UK.

Johan_Buys

28 May 2022 @ 3:58 pm

This whole story sounds suspect.

It is hard to believe that DeVere actually has clients, never mind ones that disparage them unfairly on social media!

Johan_Buys

28 May 2022 @ 3:47 pm

Some people suffer worse from this than others, but the covid numbers now pale into insignificance when compared to diabetes and obesity disaster.

Perhaps instead of a mask requirement we should install scales at fast food outlets. That, or 30 minutes on an exercise bike before they can order. Link the bike to a battery charger and we solve the energy problem.

Johan_Buys

28 May 2022 @ 3:42 pm

And as per usual the Know Your Client procedures at the usual Swiss banks will tick the compliance boxes and let the farce of Mrs Melnichenko sail past the sanctions regulations.

The confiscated yachts should be taken to a spot and sunk to create artificial reefs. Intrepid divers can then go and retrieve the golden taps of these proud communists.

casper1

28 May 2022 @ 2:29 pm

Incompetence is a crucial ANC cadre characteristic – Highly prized by the ANC mafia as they create chaos and reveal looting opportunities in the melee.

casper1

28 May 2022 @ 11:02 am

Total incompetence is an ANC specialty and specifically looked for in their cadre deployment and contractor selection.

Create chaos and loot while everyone is distracted !!!!!!!!!!

Sensei

28 May 2022 @ 10:42 am

Luthuli House is a bit slow out of the blocks here. Zambia has already beaten us in the space race.

“Reportedly inspired by a flight he took as a young child and his desire to walk on the clouds, Nkoloso’s aim was to make Zambia the first country to reach the Moon. Perhaps in the wake of independence Nkoloso was keen to prove the country’s power and importance on the world stage. And what better place to test that independence out than the space race?

In an attempt to achieve this mission to the Moon Nkoloso recruited twelve astronauts, and put them through rigorous training of his own devising. He put them in an oil drum, spun them round trees and rolled them down hills in order to prepare them for weightlessness. He taught them to walk on their hands as he believed this to be the way to walk in space. He made them swing on a rope, before cutting the rope to allow them to experience freefall.” –
https://www.rmg.co.uk/stories/topics/zambian-space-programme

beachcomber

28 May 2022 @ 10:06 am

Hasta la vista baby …. I took a little punt for the experience of trading cryptos, watched BC & Ethereum bounce up then down and then when I was still in a tiny profit, I left, The so-called hedge of cryptos has now been exposed as a myth.

You probably have more fun at the Durban July or the the Met at Kenilworth.

I used Revix as a platform which is very efficient and accessible though.

Sensei

28 May 2022 @ 9:21 am

No offence to people who suffer from mental disease. We respect, and feel compassion for them.

All of us hear voices. It is just different voices.

The worthy patients who receive the grant hear voices. The poor individuals who fund the grant through taxes hear the voice of Edward Kieswetter at all times during the day or night. They even receive letters of demand. For them, this terrible ordeal is real.

JustMe

27 May 2022 @ 11:04 pm

This could be a brilliant time to do a strategic default.

JustMe

27 May 2022 @ 11:01 pm

Sense, you are correct.

JustMe

27 May 2022 @ 10:59 pm

Why are the names of the other two skebenzas not mentioned, Litha Nyhonyha and Niven Pillay of Regiments Capital ???

Johan_Buys

27 May 2022 @ 7:03 pm

actually the west can do without the little dwarf’s oil gas coal wheat etc if western consumers grew a spine and backed their fully just objection to the little dwarf’s special military invasion of Ukraine by giving up a coffee per day in extra cost.

Hungary is the main problem. When Ukraine blows up that pipeline they will in any event have to find a new supply route.

People don’t get it but Ukraine can blow up a dozen easily accessible points and cut that entire south western Russian export route. Ukraine can also blow up Russian oil terminals north of Turkey as easily as they sank the pride of the Russian fleet. They should, even if it escalates the war.

Sensei

27 May 2022 @ 6:47 pm

I know, I know, I know! This is not the popular narrative, but then again, the popular narrative is always wrong.

The West caused the war in Ukraine and the USA will fight until the last Ukrainian. The USA has a vested interest in this war and Putin has nothing to gain, but much to lose. The USA on the other hand has nothing to lose, but much to gain.

Marcan

27 May 2022 @ 4:43 pm

Out on bail, but hopefully fitted with 20 kg legirons, to give him that extra handicap when playing golf with Shabir and JZ.

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

    24 May 2022 @ 9:25 am
  2. Very sad news indeed.
    I almost always liked his views, articles. Not one to desperately fit in.
    Condolences to his family and friends.

  3. casper1

    24 May 2022 @ 9:23 am
  4. Tragic news !!
    Rip and condolences to all !!!

  5. GregTFC

    24 May 2022 @ 10:46 am
  6. What a sad day – Mike had an amazing mind and was always a really good human being. I am truly saddened by his passing and SA has lost a clear voice of reason and will be poorer for it. RIP my Old Friend

  7. Sensei

    26 May 2022 @ 7:52 am
  8. It does not add up. The economist suggests that taxpayers should first employ a politician and a government official who in turn, will employ unemployed people to serve the consumer. Why can’t the consumer, the actual taxpayer who has to pay for the entire scheme, not employ these people directly?

    What kind of stupid socialist solution is this when the taxpayer has to pay R500/hour in additional taxes to indirectly employ vagrants at R25/hour. This is a value-destroying solution that turns the purchasing power of taxpayers into a glorified social grant.

    These unfortunate people are unemployed because the consumer doesn’t want to, or cannot afford to buy their labor at the minimum wage. Now, the government, by the threat of force, has to coerce the consumer to employ those people indirectly via SARS.

    If these unemployed individuals had the ability to add value at the legally enforced barrier to entry(minimum wage) they would have been employed already. It is government interference in the market economy that destroys jobs. Big government equals large unemployment. We have an overburden of bankrupt SOEs and municipalities with monopoly powers, that crowd out the private sector that could provide an efficient, value-adding service.

    The entire public sector wage bill is a glorified social grant and vote-buying exercise for privileged union members and Tripartite members. They are the new wealthy elite who live in opulence while their brothers in the streets are starving. Their Marie-Antoinette moment is at hand.

  9. casper1

    23 May 2022 @ 11:24 am
  10. The wonderful world our President lives in.

    His Government actively exclude people and firms based on the colour of their skin from doing business with it. Called BEE.

    27 years and it still remains the only country in the world where the majority have to be protected from the vast minority — Mainly due to their incompetence 1!!!

    Viva ANC — Amandla !!!!!!!!!!!!!!!!!!!!!!!!!!!

  11. Johan_Buys

    23 May 2022 @ 4:26 pm
  12. Caper1 : do you mean to tell us that this Brian Dames is the same Brian Dames that used to be the CEO of Eskom, or that this African Rainbow is the one that belongs to Patrice Motsepe, brother of our first lady and brother in law of former energy minister Jeff Radebe?

    Can’t be that the world is that small

  13. casper1

    23 May 2022 @ 3:28 pm
  14. Excessive only due to the BEE and other ancilliary “approval” fees payed to connected cadre!!!

  15. Liyabona

    27 May 2022 @ 5:46 am
  16. As a businessman and free market thinker I rarely fing emotional support within myself for people that feel the need to use the power of the collective to enforce their agenda, Strangly this strike makes me happy, but not because I believe in the strikers right to increase their already sky high average salay.

    SARS as the enforcer collecting money for a corrupt and criminal government.

    So the longer these guys strike the less in wages we have to pay to them and the less money to end up in corrupt politicians pockets.

    Please strike as long as you want guys.

  17. PaulKearney

    24 May 2022 @ 10:48 am
  18. Very sad news indeed. RIP.

  19. JustMe

    26 May 2022 @ 4:59 am
  20. Thanks to the ANCs employment patronage scheme and allowing 10m illegal immigrants in, we are in the current state of mess we are in.

    So no new govt employment scheme will help.

    Get rid of 10m illegal immigrants and let the private sector deliver growth, without the constraints of BEEs.

  21. boepens

    23 May 2022 @ 9:46 am
  22. And in the next election they all vote for ZANU PF again.

    In the biography of PK v d Bijl by Hannes Wessels (you would enjoy this book Cathy) he descibes the scene at the celebrations in Harare when Mugabe took over from the much maligned white regime.

    Samora Machel was there and took the occasion to tell the honourable Mugabe: “You have won the breadbasket of Africa. Do whatever you want ….. but don’t get rid of your whites”.

    And the rest is history. And I see the same playbook is on the table in South Africa. On Sundays in church I see only grey heads like my own. A couple of kids …. the middle generation is gone. They are overseas. And they are not coming back I don’t think.

    As Yogi Berra said: it’s de ja vu all over again.

  23. Sensei

    25 May 2022 @ 7:55 am
  24. We may have some of the best engineers in the world. Our construction companies are world-class. The quality of entrepreneurs in the private sector is on par with the international standard. The design flaw is elsewhere.

    There is a critical design flaw at the heart of the South African political-economic system. In the South African “mixed economy”, where the government occupies 50% of the national economy, the construction industry relies on government contracts for cash flow. A contract and a title deed have no meaning under a socialist government. Like the constitution and the rule of law, they are merely a pretense to subdue and capture taxpayers.

    The government is not an active participant in the economy. The government is absent when it comes to creating value. The government is a squatter or parasite that occupies economic spaces, not to add value, but to extract value. The process that appoints government employees in a developmental state focuses on social issues like employment equity and redistribution, which enables cadre deployment and vote-buying. The system acts against excellence and motivates inferiority. The system selects for mediocrity and criminality because intelligent, efficient, and honest people pose a serious threat to stupid people in leadership positions. The drive for unity, accountability, and service delivery is nothing more than a smokescreen to hide incompetence and plunder.

    We have whole departments and entire SOEs overflowing with incompetent people who consume national resources. The public sector wage bill is just another glorified social grant that turns taxpayer money into a sewage problem. Like in the case of SAA and Eskom, the government competes with the private sector while it has the power to tax its competition to salvage its own failures.

    The lack of intellectual capacity and competence at SOEs is merely a reflection of the situation in Luthuli House, that in turn, is a manifestation of the mindset of the ANC supporter. Bridges, highways, and wastewater systems are sophisticated and expensive structures. ANC supporters cannot get their heads around these concepts.

  25. Johan_Buys

    23 May 2022 @ 6:33 pm
  26. Ask an expert:

    For the councils that cater for wheeling, what is their rate per kWh including connection size fees? They will still charge you for that MW connection to them, in addition to charging you for transporting your own electrons.

    When you add the fee Eskom Transmission charges (assuming your chosen wheeling supplier is not also on yet another council) for getting the power to your council, to the fee the supplier charges, to the fee your council charges for wheeling, what is the total of your reticulation fees plus the two wheeling plus the supply?

    Then lastly, when your council shreds your substation at 2pm, will they allow your privately purchased electrons safe passage through to your business loads?

    In my case the answer is that I would have to be mathematically challenged to wheel power rather than generate my own and No : I get shred with the rest of the substation and revert to diesel gennies.

  27. casper1

    28 May 2022 @ 11:02 am
  28. Total incompetence is an ANC specialty and specifically looked for in their cadre deployment and contractor selection.

    Create chaos and loot while everyone is distracted !!!!!!!!!!

  29. JustMe

    25 May 2022 @ 7:07 am
  30. This shows that SA has sticky state capture problems and corruption.

    Time to rid ourselves of the ANC and BEE altogether.

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