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cusip

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16 May, 2012

CPI, PPI being revised - Manuel


There is actually a better case for being vrot, but consistently vrot.

15 May, 2012

DA youth wage subsidy march turns violent

Pointless.

The unemployment number is probably a reflection of 100 years of artisan dislocation coming home to roost.

Gone are the days of hole-diggers and pen-pushers too.

Exacerbated by cheap but managed Eastern producers (Vietnam is not as well managed as China so it has failed - SA is similarly affected).

Keynes had the luxury of conventional war which also wiped out much of the problem.

This subsidy thing is not a cure - industry cannot train unneeded extras and the scope for violence in the workplace becomes a reality (increases in employee numbers will be filled first by the subsidised and a new class of unemployed breadwinner will probably replace the current deckchairs).

(COSATU, like most unions, over favour its members - but it is responding logically and, even if for the incorrect reasons, correctly)

SA could just as well pay each kid a few hundred a month which would get spent and stimulate things and inflation.

SA can afford it.

And probably cannot afford not to do it.
14 May, 2012

Zille must resign: CDP

There is merit in the call if corruption is an issue.

The economy has survived the ANC so why bother fixing something which is not broken?

Perhaps the DA using corruption as a marketing device is really the issue - pretty stupid to shoot your own product in the foot, one may say.
03 May, 2012

Only half of Sanral's bonds guaranteed by government

SANRAL has lost the plot.

BUT local economists are worse.

The proliferation of toll roads at SANRAL's whim, is ultimately creating such a wide range of usage that the roads may as well be part of the 'body corporate'.

The added overhead of SANRAL and collection costs are offensive.

The idea of 'user pays' is not unreasonable for a bridge in the middle of nowhere, but 'normal' infrastructure is a mockery.

The dedicated National Road levy should be reintroduced and provinces should handle all except the 'one-offs'.
23 April, 2012

BRICS trade ministers promote G20 trade ties

This alliance (it has nothing to do with the original acronym at all) should be secondary to what will benefit SA most.

(the other members do what suits them first too)

Emphasis should be on a regional 'common market' (Zim is the main obstacle and when Mugabe goes there is now rumour of a military dictatorship which ironically may improve things) which will hugely increase trade (the probability is too high to ignore) and free up the parochial or sometimes xenophobic border controls.

It is like a wealth printing machine for all countries gathering dust.
19 April, 2012

Fight against corruption at crucial point

The most effective way to reduce corruption is preventing it in the first place.

In SA both public and private entities have thrown out evolved systems.

In this is an ignorance of the most fundamental principles in procurement and alienation practice - much of what is labelled 'corruption' is maladministration and much of the latter is caused by ignorance.

The unwillingness of leaders in both sectors (and across political lines including those who protest too much) to deal with the basics is matched by auditors who opportunistically send in their consultancy armies to 'fix up' or structure schemes which otherwise would be 'reportable'.

The system requires a de Beers style (failed) Stellenbosch intrusion - whether one calls the Scorpions by any other name is irrelevant - the thrust should be preventative with the end being an unneeded special team at all.
The personal side is that Mr Glenister is more than appreciated and probably not told so by many who ought to BUT are we worth his effort?
12 April, 2012

Negotiate trade deals as a united front: Davies

Overdue is at least a SADC 'common market' (Mugabe is probably the primary obstacle).

SA should neither expect or rely on China (the only remaining non-cracking of the acronym).

Those dreaming that China (or Germany) grew solely because of slave-labour, ought to look at the Vietnams of the world which tried it (China had an aggressive export incentive strategy and currency manipulation, amongst other things).

Maybe SA people are simply blinded by an arrogant parochialism?
09 April, 2012

Look at the wealth gap before moaning



You guys in SA are out of context by approx' 18 years.

In 1994 ish, people were stocking up on tinned food and candles.

The deal was a constitution which not only dealt with fears like freedom of thought and expression (this forum is an outcome) but remedying the stolen stuff which me and you have inherited.

"Oh" I hear "I made it all myself!"

Like hell you did - your accrued investments (directly and indirectly) are in the main, pillaged.

So, when the Minister jokingly says that some countries are at 100%, maybe plan for going with that flow rather than farting like a whenwe..

Malema? He is a messenger - even Sunter will tell you that.

05 April, 2012

DA's complaints against info bill absurd - ANC


The DA is probably as useless as the ANC here and (for my part which may not be representative) their ineffectual whingeing is becoming boring.

But, the message sent by the ANC is that there is a lack of management skill - why promote a 'done deal'?

We have become accustomed to the waste and corruption but business generally seems to have joined in so it is now the norm and okay.

Those who have only woken up now, had better get on board while there is still something left in the pot.

(the pot, believe it or not, can become empty)


29 March, 2012

Union rivalry threatens to derail talks

This 'third force' thing should be accompanied by 'black on black violence' and 'do not forget the importance of the Cape sea route' in order for it to ring true.

Impala could resolve the impasse by giving every worker a smartish phone and have the first secret 'e ballot' BUT managed by independents like retired judges and seniors and similar.

Even if the results are challenged, a substantial undeniable message will be sent to the wiseguys of the unions (the experienced unionists fight, and justifiably, for fair deals for members.
22 March, 2012

SA tourism minister tackles EU on Emissions Trading Scheme

SA has a, still coming off a low base, important job-creator and foreign-earner called 'tourism'.

This minister cannot differentiate between a day-tripping shopper and a tourist.

The ACSA bailout hikes (caused primarily by that Saunders woman pre-soccer PR hype) are possibly more damaging to SA tourism than the EU tax.

SA is a longhaul market and because there is a lack of value-resorts and government (this is this minister's job) stimulus, even SA residents find it better to go to Phuket or Mauritius than local.

The latter is important because each local tourist abroad negates one arriving.
13 March, 2012

440,000 SMEs closed in five years

Investor44 you probably hit a few nerves - you should add 'honestjoe' to your name!

The amusing part is the Primedia entrpreneur thing - 440 000 down but, no worries, keep going and HERE IS HOW TO DO IT TOO!

To steal a bit of your thunder, I cannot resist adding a reasonable point that the person who understood business cycles, efficiency, productivity, price vs value, and most of the things our experts claim to know, was (you probably know) Karl Marx.

Not that everyone should rush to a new 'ism' rather rush to attacking the problems and not the people.
04 March, 2012
http://www.treasurethekaroo.blogspot.com/

Karoo shale gas can bring huge benefits

The gist of what you say is correct BUT rather get rid of the 'oil company' component.

Why?

Firstly, there is no 'natural' causal relationship between an oil gusher and fracking (the latter involves different technology and the mining industry is possibly a closer fit).

Secondly, the world is no longer this adventurer - explorer place : google earth shows the surface, geologists do the probabilities : the technology is as available as a sewing machine.

Thirdly, there is no freemarket mythical efficiency - rather the opposite in most cases where enormous internal amounts are moved to tax laundries under various guises.

Like it or not, the gas belongs to SA and an independently controlled management (rather than a Nigerian, Angolan or similar corrupt system) completely owned by SA, is the only way.

The 'ismists' will put a negative spin on 'nationalisation' or 'state owned enterprise' - send them to Lagos where they have their way!
04 March, 2012
http://www.treasurethekaroo.blogspot.com/

Karoo shale gas can bring huge benefits

The article is more balanced than yesterday!

Bottom-line again is Nigeria - Shell 'rape' : SA will NOT as Twine says, have yonks of its energy requirements, Shell and others will own it.

The fracking and possible CSG (still no answer whether SA extracts CSG on any meaningful scale) begins on a clean slate and technology is buyable.

This is OUR f*cking asset and NOT some foreign oudo*s speculators' honey pot.

There is a serious case for an independently managed (probably overseas) SA nationally owned extractor (a la original SASOL, SOEKOR, 'Messgas').

Economically speaking a damn site better than Twine's simplistic zero-royalty-or-rent-analysis opinion.

Environmentalists MUST be an ongoing part of the management - there is an ongoing impact and not only a 'pre-fracking winner take or lose all'.
03 March, 2012

Is fracking good for SA growth? (With Video)

Spitfire here is a bit of a different take.

Do not get taken in by the stereotyping of the 'bad' guys. The media and politicians carefully select the 'common enemy'.

For example, the lease guy Roux whoever is matched in Cape Town by an old 'white' trust which leased to the DA at well over R 100 a month we are told, Media House on the Foreshore - no tender at all!

Cape Town Chapmans Peak theft - Murray and Roberts and Concor set up a 'tender' where they (and partners) received millions whether or not if they chose to keep the road closed!

Latest in DA Plett - Jeremy Ord casually wraps up R 4 million pocket money deal on the side?

Alexander Forbes skimming off your pension money? No worries for the 'wh1te' skins either.

Bellville in Cape Town has a commercial Court and any media house would open a permanent office for never-ending tabloid stuff. Only problem, most of the guilty are - you guessed it - 'wh1te'!

Mind you, de Beers had a go at instilling some sort of ethical behaviour at Stellenbosch University Business School - the academic staff (no names but - guess - 'wh1te') got their paws in the cookie jar!

I could go on and on - you get my drift?

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