Selfish strikers
Have the people currently striking at Transnet thought of the impact of their strike on the rest of South Africa. My dad is of the opinion that there could be up to one person losing their job in another industry for every person that is striking at Transnet.
How does he get to this?
Lets look at the fruit exporting business. They are currently in peak season for a number of different fruit, and cannot ship any of their product out of the country. That means that the industry as a whole will not make their profits, and may make a loss if they have to dump all of their produce on local markets. Who suffers? The farmers, and the workers that they now cannot afford to pay anymore. Their estimate is that they will lose R1billion equalling 30,000 jobs.
Economists say that the economy will probably lose R15billion therefore some 450,000 possible jobs will be lost, taking the scenario of the fruit producers. Take 10% of that and it amounts to some 45,000 additional jobs that may be lost. If this is not theft legalised what is it then?
Why are we funding electricity for a large mining house?
According to this article on News 24 and combining that information with this article on Times Live, we can quickly deduce that BHP Billiton is buying electricity at close to a quarter of the current production cost.
The current government/Eskom management will probably come up with some feeble excuse to blame the previous dispensation, but these contracts were signed in 1997, 3 years after the ANC took office.
This is exactly where BEE in its current form fell short
Like I've been saying all along, BEE in its current form is not working. And now it has been confirmed by another person
Where our current government went off the tracks was to try and get as many previously disadvantaged people into as many posts as possible, with dire consequences for our country. They neglected to make sure that the people they appointed had the necessary skills to perform before getting rid of the people that had the skills. It bit them, hard.
Legalised Corruption
It looks like government has gone for the legal way of corruption. On Friday I saw this article in The Star, 'Joburg Roads CEO get R767 000 performance bonus'. (Do you think I could find a link to the article online?)
But hang on here, this cannot be, how can he get such a big performance bonus? Utter bullshit male bovine excrement.
Taking a step back here, lets see how a performance bonus works in the private sector.
Normally, you and your manager, or in the case of a CEO, you and the board set your objectives for the year. Then you get measured on these, most of the time on a 5 point scale, 1 meaning that you missed the boat completely, and you're on your way out the door if you don't pull up your socks in the next few months, and 5 meaning that you exceeded expectations on every one of the goals that we set. And in the middle, 3 means that you're doing a good job.
Bloggers for a Free Press #SpeakZA
Last week, shocking revelations concerning the activities of the ANC Youth League spokesperson Nyiko Floyd Shivambu came to the fore. According to a letter published in various news outlets, a complaint was laid by 19 political journalists with the Secretary General of the ANC, against Shivambu. This complaint letter detailed attempts by Shivambu to leak a dossier to certain journalists, purporting to expose the money laundering practices of Dumisani Lubisi, a journalist at the City Press. The letter also detailed the intimidation that followed when these journalists refused to publish these revelations.
“Green” tax – just an excuse?
I have no idea what the government is thinking with the proposed "green" tax on new car sales.
Personally I don't think that it makes sense.
It looks like the government is just trying to appease a few activists with this tax. Or, and probably closer to the truth, adding just another tax for the few to support the many. Your guess is as good as mine.
Why tax new vehicles?
Rant: What government is doing to combat corruption
When our new president mentioned in his opening address that he would be rooting out corruption, I thought it would be a positive thing. Not in my wildest imagination did I think of the approach he finally took.
Executive bonuses – Justified?
There's been a lot of uproar in the media about the extent of the bonuses the executives of large corporates are getting.
My view on this is that if the executive made a significant change to the bottom line of a company, he deserves a percentage. But...
An idea for a more effective social grant system
I was just reading a user letter on News24 about the effectiveness of AA, and had this idea. I do not disagree with the fact that previously disadvantaged people need a hand up in life, but I do disagree wholeheartedly with the way it was implemented. My reason for disagreeing...
In the large parastatals, highly skilled people were replaced willy-nilly, without making sure that the replacements could actually do the job that was expected from them, and without making sure that there was some kind of knowledge transfer on exactly what was required in these jobs.
As we all know, this has come back to bite the country in a big way.
Tax explained – African style
Suppose there are ten men who go to dinner every night. Six of them are Black, one Coloured, one Indian and two Whites. The one White guy is middleclass and the other is rich. If they paid their bill the way we pay our taxes, it would go something like this:
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