The Untouchables in a Gangster’s Paradise? Is it reasonable or ethical to make use of companies that do not consider themselves to be held accountable, for their actions in any private or public enterprise? While Big Tech has become seemingly untouchable, even from the US Supreme Court or Whitehouse, the same culture of supremacy, greed, lack of accountability, lack of transparency, and lack of responsibility seems to have created and sustained an environment in South Africa where IT negligence is acceptable, and lack of accountability is the norm, even when it comes to government institutions, contracts and tenders.
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Has Corporate South Africa Been Infected by ANC Corruption, Greed & Negligence? Dimension Data NTT Case Study
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Coincidence? High Court Rules in Favour of IS / Dimension Data, Both of Whom Failed to Keep Crucial IT Software Updated!
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Surely companies that defend a failure to maintain vital IT systems, should not be allowed anywhere near government contracts to support systems serving the people of South Africa? In fact, they should not be allowed any systems at all, but particularly government systems that could be infiltrated such as SARS, IEC, Home Affairs, EVDS, Eskom etc. especially given that SA Court systems are already insecure as SA-News recently reported.
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Decolonised Zimbabwe Begging Neighbours for Electricity to Stop Daily 12 Hour Blackouts!
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Like in South Africa, where the simple maintenance and upkeep of a fully functioning infrastructure seems to be a challenge to African regimes, Zimbabwe who was once a powerhouse in Southern Africa, has been reduced to asking its neighbours to commission new power plants to supply Zimbabwe, as it seems it cannot even commission its own power plants anymore.
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South Africans don’t fall for Ramaphosa’s Act – 82% say Corruption is Same or Worse Under Cyril!
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Two-thirds of South Africans believe that corruption has increased in the past year, and half (49%) believe that it has “increased a lot.” Furthermore, a survey shows that people not only think that corruption has gotten worse under Ramaphosa, but also recognize that a large part of the elected officials and civil servants, who should be fighting corruption, are involved in corrupt activities themselves.
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Unemployment in Socialist South Africa Highest in the World and Apparently Contributes to Riots and Looting!
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South Africa now has the worst unemployment in the world according to Bloomberg, and now falls among other disastrous countries such as Colombia, Cuba, Syria and Venezuela. For all Ramaphosa’s nice speeches and promises, he does not understand that one main goal of a good government, is to establish an economy, which gives the people of the country the opportunity to make an honest living. The ANC government is not doing this at all. They set an example of corruption and immaturity. Corruption does not build an economy. Looting is just that. It builds nothing. And then the ridiculous reasons put forward: free housing, free education, free everything, which only exacerbates the above. And if ANC supporters do not get it for free, they throw a tantrum like a toddler, and burn down everything they see.
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Unemployment in Socialist South Africa Highest in the World and Apparently Contributes to Riots and Looting!
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South Africa now has the worst unemployment in the world according to Bloomberg, and now falls among other disastrous countries such as Colombia, Cuba, Syria and Venezuela. For all Ramaphosa’s nice speeches and promises, he does not understand that one main goal of a good government, is to establish an economy, which gives the people of the country the opportunity to make an honest living. The ANC government is not doing this at all. They set an example of corruption and immaturity. Corruption does not build an economy. Looting is just that. It builds nothing. And then the ridiculous reasons put forward: free housing, free education, free everything, which only exacerbates the above. And if ANC supporters do not get it for free, they throw a tantrum like a toddler, and burn down everything they see.
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R120 Million Cash Stolen from ATMs and Banks During ANC Riots, Financing More Organized Crime and Corruption!
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More than R120 Million in hard cash was looted from ATMs and banks during the recent ANC violence that swept through parts of Gauteng and KwaZulu-Natal in mid-July. This amount is much higher than the initial estimates and does not include the repair costs.
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Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
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In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency
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SONA: Ticked, next-up: Budget – tick tock…
By all accounts President Ramaphosa’s first address to the nation was a roaring success.
All eyes now shift to the 2018 Budget Speech set for Wednesday at 14:00. The rand’s reaction to SONA was muted, with markets waiting to see Wednesday’s balancing act. National Treasury’s focus will be on how to confront the ballooning budget deficit and government debt, amongst many other issues (with the short term goal being to avoid yet another credit rating downgrade).
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Rand slides on US inflation fears
The rand weakened overnight as a result of better than expect US Jobs numbers and wage growth released Friday, sparking fears of higher than expected US interest rate increases during 2018.
The US stock market lost 2.5% as investors cashed out to hold USD in anticipation of a Fed hike in March. The GBP/ZAR continues to flirt with the 17/£ level as a false break to 17.10/£ on Friday was given back on speculation over Zuma’s demise.
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