Passionate about economics & investing. JSE member since 1991. Created & managed an Online Trading Portal. Retired but looking. Against all racial intolerance.
Cape Town, South Africa
Joined August 2010
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I am disgusted in #KLM. Booked my flights in Jan. They changed airplanes and deleted my emergency row seats which I paid for. They put me in 46C, at the back, no recline. I am 6 feet 5, 130 kg. There were no legroom seats. I found a seat. BUT IT COST ME R3,000.
#KLMAIRFRANCE
This is shocking! Much more than the Rand or share markets. And the Bond Market is the clever market. Only professionals trade it.
iSayiTrade retweeted
Gaslighting the South African tax payers, because the government has wasted all its tax revenue? They want to institute NHI? But they don’t have money to pay doctors and nurses? The BELA act and we have no money to pay teachers? We are literally broke.WeTell the US we don’t need the AGOA deal we will not be bullied 🙄
iSayiTrade retweeted
SA has a number of wealth taxes - CGT, property transfer duties, estate duties. Worst taxes for emerging mkt economies that are capital deficient. Capital is needed for growth. Like eating seeds - they are anti-growth
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Absolutely right. And the proof is in the last 20 years.
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iSayiTrade retweeted
It's not just govt that's run out of cash. Most municipalities bankrupt, most SOE's in similar situation. I'm worried we're soon on our way to the IMF for emergency funding. But we all know these loans come with horrific conditions. Painful adjustments ahead?
iSayiTrade retweeted
Decades of overspending without a growth strategy, industrial-scale plundering of the fiscus and you get to a point where a country runs out of money.
But just keep watching them Outa!
#OUTA welcomes the appointment of the new @myNSFAS board and wishes them success in their important task. We hope good governance will prevail, and will continue monitoring NSFAS - it is too important for our youth's future to fail. #GoodGovernance #Education #NSFAS
Fully agree. I get news from @CNBC @CNN @BloombergTV @AlJazeera @eNCA @SABCNews @News24 @NewsroomAfrica1 and various print news.
If you only consume media that is focused on your own target group, you will inevitably be alerted by streams of news that serves your particular group. So some believe there is a white genocide because they only consume one stream of news. If news agencies that serve the Afrikaans or white community had to report on every black person that died in this country by violent crime, every day, there would be a completely different picture. Sadly no one would buy the papers, watch the channels or listen to the station. That's on us.
Madiba read 5 newspapers every single day. Because he believed that getting different opinions on any subject matter helps you make decisions from a more informed perspective.
Social media hasn't helped because we all follow people that think like us as opposed to those with a different perspective. Time to open our worlds to get a balanced view. That's of course if you are not only driven by self interest.
I think enough is enough. There is another option, bever talked about. Hermany, France, Poland enter Ukraine overnight as their guests. They take air control by destroying planes an runways inside Russia. Their troops enter and fight alongside Ukraine to drive Putin back to 2014.
It’s extremely odd to lecture Europe on the subject of free speech and democracy at the same time as [the US is] cuddling Putin. In Mr. Putin’s Russia, people who disagree with him disappear, or die, or flee the country, or — on a statistically unlikely level — fall out of high windows somewhere in Moscow.
Former UK Prime Minister John Major
Why don’t Canada think pro-actively. Raise your prices of oil exports to the US by 10% or 20%. Then you get the extra money and not Trump. He can put a tariff on, but you have achieved his bullshit tariff effect for him. And why not do that for all exports to the US?
Why don’t Canada think pro-actively. Raise your prices of oil exports to the US by 10% or 20%. Then you get the extra money and not Trump. He can put a tariff on, but you have achieved his bullshit tariff effect for him. And why not do that for all exports to the US? #tarrifs
There is a substantial divergence in the reaction to the Trump #tariffs.
Mexico sent troops to the border and got its tariffs delayed by a month, opening room for negotiation.
Panama quit its deal with China.
Canada, like a school teacher, reminded the US of the past and put together (some) tariff response.
Eurozone: Apparently, it is still looking at some 'compass,' hoping it will all be fine.
To be clear, Trump's actions will hurt US consumers and the US economy, which must be offset by 'victories' like those in Mexico and Panama.
One may argue that these countries 'caved,' but is clinging to your ideologist and assumed superior views while your competitiveness dwindles really any better?
(chart via @steve_hanke)
iSayiTrade retweeted
This is a wonderful tribute to William Wallace; the only problem is, in reality, it is being quacked by Donald Duck, to Huey, Dewey and Louie, as they try to stop the tide washing over their sandcastle, replete with all those cartoon shenanigans of old. xitter.cf/kgosi_maepa/status/188…
Why don’t Canada think pro-actively. Raise your prices of oil exports to the US by 10% or 20%. Then you get the extra money and not Trump. He can put a tariff on, but you have achieved his bullshit tariff effect for him. And why not do that for all exports to the US?
Yes please
For those who, like @realDonaldTrump, wish to speak on South Africa's Expropriation Act, here's a sober reflection by @WandileSihlobo. Can we all read before speaking?
Wandile Sihlobo | Expropriation Act: 3 key reasons not to panic news24.com/fin24/opinion/wan… via @News24_Business
