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Top articles and comments, based on the Moneyweb Insiders activity.
The top read articles of the past 24 hours.
    2

    R120bn pledge for Limpopo projects

    14 Nov 2024 /  Alex Japho Matlala, The Citizen

    MultiChoice boss says Canal+ deal will help it take on Netflix

    14 Nov 2024 /  Loni Prinsloo and Jennifer Zabasajja, Bloomberg
The top read articles of the past 7 days.
    3

    Battle over land in KwaZulu-Natal

    9 Nov 2024 /  Joseph Bracken and Tsoanelo Sefoloko
    UPDATE
    3

    Rand hits R18 to US dollar

    12 Nov 2024 /  Suren Naidoo
The latest 15 comments.

Yukonguy

15 November 2024 @ 8:55 am

Get ready for Horror movie no. 2 (The JSE and Mr. Trump)

Yukonguy

15 November 2024 @ 8:54 am

Mr. Marcan, I live in the RSA, not the USA.

I admire Mr. Trump and he is exceptional for the USA, but not exceptional for RSA, good news in the USA is not necessarily good news for the RSA.

Trump was no good for the RSA economy in the Trump season 1, the JSE is already starting to get hammered in Trump season 2, and he is not even in the office yet. (I was there, I saw fund managers and portfolio managers getting destroyed)

Fools paradise? delusional about the JSE going up? when the JSE goes down for four years, it is like swimming against the tide, you get hope one day, new ideas, but at the end you lose horribly.

Marcan

15 November 2024 @ 8:29 am

Don’t try to come up with rational, pragmatic arguments against Trump supporters. Trumpism is a cult.
Below a previous article on the USA, or Trump someone dared to come up with some real economic indicators making clear that during previous periods of a Democratic Prez the economy had done very well actually. GDP, GDP/capita, unemployment rates, inflation.

mes

15 November 2024 @ 7:05 am

And then they use those personal details to falsely register for a grant…

Sensei

15 November 2024 @ 7:00 am

Disrespect for rules and regulations brought us to this situation, and now the Minister wants to make more laws and regulations. It is the job of politicians to regulate and legislate, while it is the job of corrupt criminals to ignore regulations and laws.

We live in a socialist nation that overregulates and oppresses law-abiding citizens and that enables and rewards criminals.

Zokey

15 November 2024 @ 6:58 am

Just keep taxing hard working South African’s so you can subsidize the large numbers of poor and uneducated that you add to the country’s rolls every year. Why are they poor & uneducated? It’s the government doing it to their own people, so they can maintain power, at the cost of the country. Sad

Johan_Buys

15 November 2024 @ 6:57 am

Scarcity and market-related are the biggest lies in the hired-help-pay scam. Odds are the remuneration committees of all those companies all include a strategy that they will pay in the top 10% in order to attract and keep the best.

It doesn’t take a genius to figure out what happens to the median when ten retailers all say they want to pay in the top 10%

Kessel

15 November 2024 @ 6:57 am

The word “logistics” in the title is unnecessary

Sensei

15 November 2024 @ 6:30 am

This deplorable situation describes the mechanism through which the voter’s mindset expresses itself in a democracy.

Over time, the quality of the national infrastructure is simply the manifestation of the mindset of the average voter. This is the power, and danger, of democracy.

The difference between the respective voters’ mindsets explains the differences in the levels of sophistication and efficiency of infrastructure between Switzerland, the US, China, Dubai, and Singapore, on the one hand, and South Africa, on the other. While those nations are constantly improving their national infrastructure, we are constantly breaking it down.

These unfinished government projects waste taxpayers’ money on unsound structures, managed by incompetent people, to the detriment of an increasingly impoverished, neglected, and abused society, for the benefit of politically connected cadres.

The ANC creates and camouflages this elaborate ambush for taxpayers with preferential procurement legislation and BEE laws to “empower” corrupt cadres who serve as municipal counselors or directors of government entities. ANC policies enable these corrupt and criminal cadres to get bribes and kickbacks on the loaded tenders they allocate to cronies.

This process that channels the living standards of citizens to politically connected cronies cannot take place without the support of those citizens. What does it say about the intellectual capacity of voters when they use their vote to enable their oppressor?

The point is – it is impossible to stop the mindset of voters from expressing itself in a democratic system. Dean Macpherson is simply the intermediary in this powerful process. He is the intermediary between the voter and the result.

This explains why China is not a democracy. It also explains why Shoprite, as a private business, is highly successful in serving communities with the best products at the best price, even while the state is imploding around them.

No politician can prevent the Tragedy of the Commons in a communalist society, with a socialist government, from setting the Malthusian Trap for itself.

avidreader

15 November 2024 @ 6:17 am

I can’t even buy a sim card without submitting my personal details. WTF?

Honda

15 November 2024 @ 1:03 am

Has anyone thought that perhaps the children are being murdered or made sick so that blame can be placed on foreign shops so that they are closed down. Something like the taxis burning the trains and busses to increase their market share. The product causing the deaths according to the department of health is two step a rat poison or a poison used to poison dogs by thieves not food products over their best before date. I am sure that this is sold by local township shops so why do only children die from eating at foreign shops. Something smells to me as by the law of averages I would expect people to also have died from eating at local shops. Also why is it only children and a very few adults maybe children make better headlines.

TheMarkovJump10

15 November 2024 @ 12:01 am

As effective (in some respects) as the SA labour legislation is viewed by many, perhaps limits like 12 months’ compensation should be reviewed and a more even keel to hash out disputes should be found.

The labour court system isn’t scary enough for either party to take their engagement with an employment agreement seriously enough.

I have encountered an issue that involved a mentally incompetent family member of mine, who was close to retirement and whose employer actively lied to obstruct the submission of claims for long term disability and ill health retirement.

The evidence I have is astounding and these sick people instead forced through a disciplinary hearing to try and effect dismissal for trumped up charges of misconduct and in subordination.

Doctor’s notes and reports, explaining the situation were repeatedly ignored and I had to build the case and attend the hearing in my own time. The employer ignored requests for the process to apply for the insurance claims for which premiums had been paid…

At the hearing, the employer had to withdraw the charges but they obstruction only continued from.

After 2 years of dealing with liars, I managed to save this family member over R 2 m,aside from nearly two years of income, but it was not without its toll and the employer has not accounted for their misconduct in handling the situation.

In the end, when their delaying tactics grew extremely ridiculous, I had to go above their head MULTIPLE TIMES and contact insurer. After 18 months and multiple medical reports, the employer had neglected its multiple contractual duty to alert the insurer of the diagnosis.

Only earlier this year, after kicking and screaming even further, was it revealed that the employer was still lying to the insurer about the facts of the case and the money for the long term disability was dumped our way, with no letter of acknowledgement.

It was revealed this employer may be exercising this gross abuse of power and forcing other employees to take up early retirement (they tried to make it sound like a benefit and hide the option of exploring the insured ill health retirement option, in writing before the hearing), which lands up needlessly costing the employees.

If anyone knows of an approach I can take to get some justice and accountability from this large employer, I would greatly appreciate it.

The CCMA/Labour Court route will be in ineffective as the family member doesn’t understand how they, and in turn, I, was wronged and treated without dignity, senselessly for years.

There is an abundance of evidence of gross incompetence, at minimum, and even outright malice, and this by no means a small, unsophicated employer.

TerraFirma

14 November 2024 @ 10:54 pm

There are several, literally 20’s or more similar agricultural “investment” (or money burning) schemes or scams in active operation for several years already (some for more than 10 years already). Ranging from wildlife to cattle options and many other options And in structure from private company share offerings to a so-called investment club structure and even dressed-up as stokvel participation.
It speaks to the developing culture of chasing easy money, enrichment through grabbing OPM (other people’s money), lack of any moral sense whatsoever, aided on by silent nigerian and jewish partners on the background who see S.A. as an easy target and of course abetted by a fools’ paradise of over-eager, unwitting investors who really can’t afford to lose their investment.
The FSCA are reactive and do not treasure or develop an active informant network that could help them to speed up things and to become pro-active.
And so the misery continues and repeat itself over and over again.

TTfan

14 November 2024 @ 7:12 pm

Dankie vir reply, ek werk en hou vakansie in italie, maar het vir moneyweb.co.za n mail gestuur.
Oor 2 weke terug in the metropolis van swartland.

Th1nker

14 November 2024 @ 5:08 pm

@The_Banana_Republican. Given the quality of your English in your “support reply” for Dr Doom, I can only conclude one of two scenarios:

You are living well below your status (no hint as to why) in the hole you describe so aptly;

You are a second persona for Dr Doom, playing a role with a different slant in presentation.

Both scenarios leave me cold!!!

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

    12 November 2024 @ 8:04 am
  2. This is an indigmment on our financial banking regulators, unscrupulous and unethical conduct

  3. Brightconsumer

    12 November 2024 @ 8:36 am
  4. The real buyer was probably a bank official or connected party to the official..buying to sell the properties of venerable people for major profits. This practice had been condemned for many years, but still seems to prevail.

  5. Milktart

    12 November 2024 @ 10:28 am
  6. Refused to respond to Moneyweb questions, didn’t file any heads of argument to oppose the client in the high court and resorted to a last minute settlement which the client only accepted because she was emotionally and financially exhausted after years of struggle and harrassment.

    Yeah, going to side with the client on this one.

  7. Jonnoxx

    14 November 2024 @ 7:29 am
  8. An interesting and well-argued judgement that sets a precedent that can be used far beyond the narrow limits of application in just a COVID setting, and will surely put many a bullying CEO and their lapdog HR departments on notice that mean-spirited behaviour by employers can backfire in spectacular fashion.

  9. Booskoos

    13 November 2024 @ 5:37 am
  10. And the drought of moral scruples continue unabated.

  11. Sensei

    11 November 2024 @ 8:14 am
  12. Well, his entire life was fake, so maybe his death is also fake.

  13. MrReasonable

    14 November 2024 @ 8:55 am
  14. The worst part about this whole story is how large corporates including Discovery, PSG etc forced employees to take an experimental new type of “vaccine” technology under the guise that it was effective and the same as original vaccines. Turned out MNRA vaccines aret not be affective and caused alot of people harm.

    Majority of people in my circle admit regret in taking it and large corporates needs to be held accountable.

    Disgusting behaviour on their part. Turned lots of people in antivaxers

  15. TheOracle2

    11 November 2024 @ 7:36 am
  16. Brazil is probably even more corrupt than our government (I know, it almost seems impossible) so definitely a very good chance that he faked his own death.

  17. lazarusM

    12 November 2024 @ 8:43 am
  18. Home loans mafia. It never ends in this country. Phew!

  19. freeway2life

    14 November 2024 @ 7:01 am
  20. I hope there will be many more of this cases.

  21. Sensei

    13 November 2024 @ 8:34 am
  22. The child is fighting to stay in control of the shotgun, while the destruction he caused is evident in the collapse of municipal infrastructure and service delivery.

    The Zondo Commission, costing more than a billion rand, the collapse of road, rail, and port infrastructure, electricity and water delivery, public sanitation and medical services, and more recently, the collapse of airport navigation systems, prove the destructive mentality of this communalist culture.

  23. Hphillips784

    12 November 2024 @ 9:33 am
  24. Stay away from FNB is the moral of the story. Corrupt to the core.

  25. Dannymyboy

    10 November 2024 @ 2:20 pm
  26. What a stupid article. Titled “The curious case of the South African ski resort that never was”, it gives a few throw-away sentences to the ski resort and an entire article on South African political disputes. More like a propaganda hit-piece than an interesting story. I suppose it could be expected from a Professor of African History sitting in, checks notes, Michigan.

  27. PaulKearney

    12 November 2024 @ 1:27 pm
  28. Agreed, after my dealings with FNB Home Loans I automatically side with anyone opposing them. In a polite word; they are deceitful.

  29. Mokgohd

    12 November 2024 @ 8:04 am
  30. This is an indigmment on our financial banking regulators, unscrupulous and unethical conduct

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