martin @MartinSpholas

Fact is that you can’t do this kind of stuff in their countries, this current government is just weak

The police did everything in their power to protect foreign nationals today in eThekwini during the clean-up operation on Moor Road.

Illegal immigrants are refusing to leave Moor Road Durban KZN, where they have been sleeping for months

RIP DJ Warras

BusinessTech @BusinessTechSA

6 months ago

France is in talks to lend South Africa €100 million (R1.9 billion) to support a programme to regenerate its rundown cities. businesstech.co.za/news/governmen…

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South African government hates us South African citizens. Listen carefully

Night shift is the only way....🇿🇦

South Africa

Listen South Africa 🇿🇦 😔 Nxamalala, uyasithanda baba 😔

🇺🇦The World Bank says 41% of Ukrainians are living under the poverty line. In the middle of a devastating war... 🇿🇦Meanwhile, 75% of Black South Africans live under the poverty line The number is 1% for White South Africans🇿🇦 There’s a lot to be “learned” from this.

🚨 PRINCE WARNED US ABOUT COMPUTERS IN 1999 — 27 YEARS LATER HIS WORDS ARE FREAKING PEOPLE OUT Prince said something in 1999 that hits completely different now. “Don’t be fooled by the internet. It’s cool to get on the computer, but don’t let the computer get on you. It’s cool to use the computer, don’t let the computer use you.” He brought up The Matrix and added: “There is a war going on with battlefields in the mind, and the prize is the soul. So just be careful. Very careful.” That same year he also warned that media-driven fear is damaging to people’s health and suggested turning the television off for a day or even a full week. Decades later the clip is circulating again and a lot of people are saying the man saw exactly where this was headed. Was Prince just being artistic… or did he actually understand the trap before almost anyone else?

You will never hear @RenaldoGouws talk about this because whites are raised to police blacks only… As BIGGER FRAUD THAN VBS… @ErnstRoets will never say these names… WHITE CRIMINALS!!!

Advocate Muzi Skhakhane speaks about the people brutally killed by Indians in Phoenix in July 2021 . He questions why the matter was buried and argues that Black lives are cheap. He says if those killed had been white, the response could have been very different.

One man turned $20 million into $14 billion in thirteen years. he retired at 46. then he walked into the National Press Club and explained the entire method to a room of journalists. for free. the fund industry has spent thirty years pretending nobody recorded it. his name is Peter Lynch. he ran Fidelity's Magellan Fund from 1977 to 1990. 29% a year. every year. when he started, the fund had $20 million. when he left, it was the largest mutual fund on earth. over a million shareholders. then he quit, walked away from billions in fees, and never managed outside money again. the first thing he says is the one rule Wall Street will never teach you. if you cannot explain to a ten-year-old in two minutes why you own a stock, you should not own it. he says 80% of people who own stocks cannot do this. then he explains why the number has not changed in thirty years. he did not use algorithms. he did not use quant models. he found stocks at the mall. at the grocery store. in his own neighborhood. he made more money on Dunkin' Donuts than on any sophisticated trade. the most boring companies with the simplest products, bought by a man who actually used them. the part nobody repeats: he says individual investors have a structural advantage over every institution on Wall Street. the funds are forced to follow rules that you are not. when they panic-sell, you benefit. when they cannot hold a small position, you can. he said this to a room full of financial journalists. not one of them ran the story. your financial advisor charges 1% of everything you own every year to underperform a method a retired fund manager gave away in one hour. there are 5,000 mutual funds competing for your money. the man who beat all of them told you exactly how. thirty years ago. the lecture is 61 minutes. it has been free since 1994. the people charging you to invest are hoping you never find it.

Tigerflow @tigerfl0w

2 months ago

x.com/i/article/2087…

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MARCH AND MARCH UNTIL WE WIN.

Dr Pali Lehohla says South Africa’s economy should be 3x what it is, but the government is too stupid, corrupt and greedy. Dr Lehohla’s assessment resonate with many people because because it presents a straightforward diagnosis that if you simply root out corruption and adopt better ideas, the potential of the economy will be unlocked. By saying that it’s just stupidity, corruption and lack of “imagination”, Dr Lehohla appears to disregard how South Africa’s economy is structured. For starters, South Africa’s policy strategy, particularly since 1996 and especially in 2000 with the introduction of inflation-targeting, has relied heavily on attracting foreign portfolio flows to cover its chronic current account deficit. This is what has largely kept South Africa as Africa’s leading economy. The steady flow of hundreds of billions of dollars helps South Africa cover its foreign currency shortages which it desperately needs to trade in international markets. Now, to keep these financial inflows coming, National Treasury and the South African Reserve Bank must prioritise high real interest rates and financial market stability to reassure foreign bondholders that SA is a safe space for their dollars, pounds and euros. Although these high interest rates attract foreign bond buyers, they also make borrowing expensive for local businesses, which stifles job creation, hence SA’s high unemployment rate. To National Treasury and the Reserve Bank, these are just the costs of doing business. The point is that contrary to popular belief, the Treasury isn’t acting out of ignorance or lack of vision. They are aware that if they were to deviate too sharply to pursue aggressive growth policies, they would risk a currency collapse, soaring inflation and other quite serious economic problems they would rather not deal with. Someone may argue that adopting these policies all those years ago in the first place *is* the stupidity Dr Lehohla is lamenting. This may very well be the case, but still, there were reasons beyond just a lack of imagination. For one, when the original GNU took office in 1994, it inherited an economy that had been isolated by sanctions, burdened by high public debt and severely capital-starved. The South African Reserve Bank had virtually no foreign exchange reserves to defend the currency or finance international trade. The SARB had no reserves because its senior officials had pilfered and looted the money when it started looking apparent that the White minority government would collapse. Because of this, South Africa had gone from an economy designed to comfortably serve 10% of the population, to one that had to service tens of millions more overnight. But the internal savings were far too low to finance the massive infrastructure and industrial development needed for this. To grow the economy and meet these new social goals, South Africa needed to import capital equipment and consumer goods. However, the country needed to importing far more than it was exporting which created a persistent current account deficit and without domestic savings to bridge the gap, the government had to desperately attract foreign capital. That’s how the foreign investors came swooping in. But there was also something that happened in the early 1990s that spooked the ANC and convinced leadership at National Treasury and the Reserve Bank that the country was hyper-vulnerable to foreign currency shortages. In early 1996, South Africa experienced a sudden capital outflow when rumours and market uncertainty caused foreign investors to pull short-term capital out of the country. As a result, the Rand depreciated by over 20% in a few months and because official foreign exchange reserves were so low, the Reserve Bank was powerless to defend the currency. So, to prevent currency collapses that would spark runaway inflation and destroy purchasing power, the government concluded it had to prioritise foreign investor confidence above everything else. So, in response to the 1996 crisis, the ANC shifted away from the state-led Redistribution and Development Programme and introduced GEAR which committed the country to the public budget and removing foreign exchange controls to reassure foreign investors that they could move their money in and out freely. In short, South Africa adopted the current way of doing things as a deliberate strategy to solve the fundamental dilemma of how to finance a growing, open economy with insufficient domestic savings and low foreign exchange reserves. Now, to be fair to Dr Lehohla, he could be saying they were stupid and spineless for caving to foreign pressure when they could have stood their ground and doubled down on state-led industrial development. In which case, I tend to agree. I would go a bit further and say what Treasury is doing may have been a necessity in 1996, but was already unnecessary by 2006, let alone in 2026. South Africa now has $75 to 80 billion in gross reserves vs. almost zero in 1996. So, the original scarcity rationale is diminished. Yet Treasury has continuously been running an austerity programme, even during commodity booms like in the 2000s when it could have built fiscal buffers and invested in infrastructure. So Dr Lehohla’s lack of imagination accusation appears to land when you ask *why* the ANC government never adapted its strategy throughout the decades as conditions changed. The answer to this question is disheartening. The reality is that if the government, through Treasury, were to attempt to change its economic trajectory, what happened in 1996 would repeat. Vested interests would pull capital, short the rand, spread negative news and systematically suffocate the economy until the government falls back in line. Still, Dr Lehohla is correct that the ANC has been stupid for a while. In the last twenty years they could have built countervailing power like through a sovereign wealth fund, a regional payment system outside dollar dominance, strategic reserves of essentials or diversified trading partners to reduce USD dependency. Instead, they accepted dependence on short-term foreign dollars, which is why they now have to keep going back to the IMF and World Bank to borrow more of those dollars. Similarly, the National Treasury has internalised the market’s preferences so completely that they now believe austerity is good policy instead of coercion. As Antonio Gramsci warned, the dominant ideology has now become common sense.

boycotts work

His business boom didn't last long after foreign nationals shut shop. Don't miss #CheckPoint this Sunday at 9:30pm on #eNCA, channel #DStv403.

The country is in a mess because of greedy people like you. Your apologies are a bit too late 🤬

IT’S ALL A BIG SCAM FOLKS!!