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.
Continue reading…
Has Corporate South Africa Been Infected by ANC Corruption, Greed & Negligence? Dimension Data NTT Case Study
Leave a comment
Coincidence? High Court Rules in Favour of IS / Dimension Data, Both of Whom Failed to Keep Crucial IT Software Updated!
Leave a comment
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.
Continue reading…
Unemployment in Socialist South Africa Highest in the World and Apparently Contributes to Riots and Looting!
Leave a comment
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.
Continue reading…
Unemployment in Socialist South Africa Highest in the World and Apparently Contributes to Riots and Looting!
Leave a comment
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.
Continue reading…
Rand rallies as risk sentiment… is back!
Leave a comment
The rand strengthened overnight as US Fed Chair Jerome Powell stated the US economy is ‘not looking to over-heat any time soon’.
Continue reading…
It’s still all about the US
Leave a comment
The local unit scored somewhat of a consolation goal on Friday (sorry Argentina fans), as global equities and EM markets ended the week stronger.
Eyes are still on the US though as June Fed minutes and job numbers will be out later this week. The data, coupled with escalating trade tensions between the US and China, could provide more volatility than the Spain vs. Russia penalty shootout.
Continue reading…
Rand creeps lower vs. EUR, USD and GBP
Leave a comment
While there’s been plenty of World Cup drama this week (mostly focused on VAR controversy) the rand has been having a less exciting few days.
But while ZAR hasn’t experienced a significant shift since the weekend, it has still edged lower against the US dollar, euro and pound.
Continue reading…
The markets troughs another tantrum
Leave a comment
The rand lost 2% against the USD yesterday, as markets had another ‘taper tantrum’.
March US retail sales were revised upwards to 0.8% (Month on month), raising fears that the US Fed may indeed …….
Continue reading…
Are things ‘back on the bus’ now with Trump?
Leave a comment
It’s all aboard the Trumplomacy bus, as President Trump offered China an olive branch yesterday, renewing hope that a ‘trade ‘war’ could be avoided……..
Continue reading…
Is this the beginning of the end!
Leave a comment
Trump announces US withdrawal from the Iranian nuclear deal with plans to impose strict sanctions.
Uncertainty of global oil supplies grows as countries who continue business with Iran may be penalized and ………
Continue reading…