A vote for Hillary is a vote for war - Paul Craig Roberts

Posted 25 August 2016

The mainstream media has thrown its weight behind Hillary Clinton, the Democratic Party nominee in the upcoming US presidential election. The "prestitutes" as Paul Craig Roberts calls them are willing to overlook her history of warmongering in Syria and Libya, her crooked dealings in the White House, and her willingness to rent American foreign policy to the highest bidder. How else would the once broke Clintons end up with a personal fortune of $120bn? Instead, the media rail against Donald Trump, the Republican nominee who, whatever faults he has, is determined to pull the world back from the brink of nuclear war. 

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Colleges have become lunatic asylums

Posted 24 August 2016

US academic Walter Williams tells us what is happening on college campuses, and it isn't pretty: safe spaces for every perceived victim, segregation according to race and gender identity in the name of "diversity", and the leeching of political prejudice into biology, physics and history. With this, of course, comes a shut down in free debate and the death of academic discourse. God help the employers who have to deal with this wounded lot when and if they finally graduate. 

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The biggest power grab by bureaucracy yet

Posted 24 August 2016

You give a piece of legislation a name like the Financial Services Regulation Bill and you know people will yawn and turn the page. Yet buried in this proposed law are some whoppers. We are going to get not one, but two, giant bureaucracies that will cost between R4bn and R6bn a year, paid for of course by the consumer. We are adding layer upon layer of regulation in a fruitless attempt to prevent future financial crises. Nobel laureate George Stigler investigated the economic costs of regulation and came to the conclusion that bureaucracies often end up performing no discernible public good, or what he called regulatory capture.

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The perversion of the law

Posted 22 August 2016

French economist and philosopher Frederic Bastiat wrote The Law in 1850. It should be required reading for law makers, judges and legal practitioners. Bastiat argues that the law exists in a very narrow sense to protect the individual's body, liberty and property. Beyond that, tyranny beckons. 

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OUTA investigating class action against Eskom

Posted 21 August 2016

The Organisation Undoing Tax Abuse (OUTA) has become a major thorn in the side of State-Owned Enterprises. It started out by launching SA's most effective consumer boycott of e-tolls in 2013, and has since put SAA and now Eskom in its sights. OUTA is doing the work that public watchdogs and regulators are supposed to do - but don't.

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DA mayors set to lead Pretoria and Johannesburg

Posted 18 August 2016

The Democratic Alliance (DA), with the support of smaller parties, is set to appoint mayors for Johannesburg and Pretoria. The Economic Freedom Fighters (EFF) party will not join a formal alliance with the DA, but will vote with it on specific issues.

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Local government elections show wit gevaar politics have failed

Posted 16 August 2016

More blacks voted for the Democratic Alliance than did whites, and in a city with just a 15% white population - Nelson Mandela Bay - a white mayor in the form of Athol Trollip is about to take office. The ANC's attempt at racial mobilisation has failed, just as the National Party of old attempted to scare white voters with the "black threat". The ANC's troubles from here will likely multiply, showing how far of course the party of liberation has strayed.

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Concourt declares land rights amendment act invalid

Posted 15 August 2016

The Constitutional Court declared that the Restitution of Land Rights Amendment Act was invalid on Thursday last week, citing lack of public participation prior to its promulgation.

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Expropriation Bill is legally flawed and dangerous to SA's prosperity

Posted 13 August 2016

The Expropriation Bill, which has been passed by both houses of parliament, grants the government extraordinary powers to expropriate not just property, but any assets, and pay little or no compensation. The wording of the bill uses legal sleight of hand to side-step Constitutional property rights. It pretends to be the "custodian" for the nation, rather than the owners, of the seized assets. And though the Bill is supposed to assist black South Africans, it will likely have the opposite effect, says the Free Market Foundation. 

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Sasfin's photocopier deal turns out to be a whopper

Posted 08 August 2016

Asset manager and chartered accountant Sunil Shah didn't read the fine print when signing an agreemernt for the rental of a photocopy machine with a Sasfin-associated finance company. So a machine that was advertised on the internet for R7,500 ended up costing him R15,000 even though he delivered it back to the company after just three months. This is because of loopholes that allow these rental companies to side-step the National Credit Act. BizNews reports on how this happened.

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What the election results of 2016 tell us about 2019

Posted 08 August 2016

The 2016 local government elections offer a tantalising taste of what is to come in the 2019 presidential elections. The Democratic Alliance has promised it would become the dominant party by 2019, but to do that is a tough ask. The way to achieve this goal is to focus on reorganising Gauteng in the same way it did Cape Town, and create a model of governance that will peel away millions of voters from a decrepid ANC.

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Big Brother is watching you

Posted 04 August 2016

Health minister Aaron Motsoaledi loves us so much he wants every South African to live cleaner, healthier lives. He plans to do this through plain packaging of cigarettes, one of the dumbest ideas ever concocted in the name of the nanny state. But government may be exposing itself to potential legal claims for destruction of trademarks, often a company's most valuable asset, while widespread counterfeiting of cigarettes is another likely consequence. And while we're about protecting the lives of South Africans, why not ban motor cars which kills thousands every year?

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ANC in a race to the bottom

Posted 02 August 2016

Given recent statements by two former presidents, Thabo Mbeki and Kgalema Motlanthe, one wonders whether these men will vote for the party of Nelson Mandela at all, or whether they wil abstain, or perhaps even vote for the opposition. Motlanthe was recently reported to have said the ANC is engaged in a race to the bottom. Strong words from the former leader of the country.

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New poll shows the ANC set to lose major cities

Posted 28 July 2016

A new poll by Ipsos shows the ANC losing its dominant position to the Democratic Alliance in next week's local government elections in three major urban centres: Joburg, Pretoria and Port Elizabeth. Cape Town has long since been under DA control. The ANC says its own polls come to a different conclusion. The trend is clear: the ANC will, like Zani-PF in Zimbabwe, from hereon have to rely on the rural vote.  

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Unemployment is a national emergency - just let them work

Posted 28 July 2016

Half of South Africans between the ages of 18 and 24 are unemployed, not because they do not want to work, but because of labour laws that protect the employed aristocracy and actively discourage companies from hiring anybody new. Eustace Davie, director of the Free Market Foundation, offers a simple and inexpensive way of overcoming this barrier so that the country's youth can get a real taste of employment. 

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The medieval state of SA's home repossessions industry

Posted 25 July 2016

A recent study of home repossessions puts SA among the worst - if not the worst - in the world. The enthusiasm with which SA banks rush to repossess homes in the event of default is described as "medieval" and cruel. 

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Zanu-PF brass desert the sinking ship

Posted 25 July 2016

Pastor Evan Mawarire has stirred the spirit of protest in Zimbabwe. Riots and protests now seem unstoppable as they spread from the cities to Beit Bridge border posts. The diplomatic community is warning of a possible military coup, and South Africa's shocking and corrupt support for the ruling party in past election frauds may come back to haunt it. Or perhaps this time, it will heed the voice of a young and restless population that has called for Mugabe to leave now, and make way for a change. 

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The wrecking ball that the SABC has become

Posted 19 July 2016

Eight journalists have reportedly been fired by the SABC. This is a further sign of the deradation at the state-owned broadcaster, which is more and more looking like a State broadcaster along the lines of Zimbabwe or North Korea. The Institute of Race Relations looks at what is going on behind the scenes at the SABC board, which lies at the centre of this mess.

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Paul O'Sullivan: Exposing fresh Myeni corruption at SAA. Documentary proof

Posted 14 July 2016

Private investogator Paul O'Sullivan says he has been targeted for elimination by Radovan Krejcir, the East European gangster he helped put away. Wherever there is a smell of corruption, O'Sullivan gets on the case and does not hold back. Earlier this yer, while boarding a plane to London with his two daughters, he was arrested by agents of what he says is a corrupt State security machine, and held in a rat-infested Pretoria prison for several days. His latest disclosures are nuclear. SAA chairwoman Dudu Myeni, with no real qualification for the job, has been setting up deals that favour mysterious and wholly unqualified BEE businesses. Paul O'Sullivan talks to Alec Hogg.   

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Outa threatens legal action over SAA's "unlawful" funding

Posted 13 July 2016

The Organisation Undoing Tax Abuse (Outa) has threatened legal action against SAA should it proceed with a R15 billion refinancing of the airline using a boutique finance house, BnP Capital, which has no track record in a deal of this size or nature, and in fact had its Financial Services Board licence revoked. The board of SAA chose BnP over more credible financial institutions, and agreed to pay three times what other bidders were offering - all in the name of "transformation". Then SAA fired Cynthia Stimpel, the group treasurer, for objecting to this outrageous deal.  

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Zim: "total collapse now imminent"

Posted 09 July 2016

Eddie Cross, the Movement for Democratic Change MP in Zimbabwe, says the country is at a crisis point similar to that of 2008 when the government abandoned the Zimbabwe dollar after inflation peaked at 500 million percent. A quarter of the country's children are orphans and the military is running the ruling party. A free election is now the only route out, argues Cross.

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Northern Irish courts lead the world in slapping down banks ducking securitisation

Posted 05 July 2016

The Northern Irish courts are quietly setting international precedent when it comes to securitisation and "double dipping" by the banks. Notice in this report how Santander Bank "destroyed" documents relevant to a claim being brought by the bank (just as Absa claims thousands of its documents were "destroyed" in a fire in 2009 so as to avoid presenting the originals in court). But in the Northern Irish case, the home owner moved to commit the CEO of Santander Bank and his "corrupt" officials and lawyers to prison for submitting a false claim toi the court.

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Signs that things are getting out of control in Zim

Posted 05 July 2016

Two stories that suggest things are fast approaching a head in Zimbabwe. One involves riots over the number of police roadblocks travellers have to navigate as they try to make a living. It seems social protest independent of political party alliances is taking over the country. The second story involves a young Zimbabwean who told his president "F..k you" and landed himself in court. He also seemingly threatened President Mugabe's kids should anything happen to him. 

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Dead man's chest

Posted 04 July 2016

When Johannesburg businessman Imtiaz Mohammed was shot dead by a disgruntled employee in 2010, it fell to his widow Hajira to wrap up the estate. Only years later she discovered some dirty family secrets intended to keep her late husband’s assets out of her hands. It turns out her dead husband’s business bank account was kept alive by Standard Bank and other members of the family for 18 months after his murder.

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How to check if your bank is ripping you off

Posted 29 June 2016

In this article Armand Rinier looks at how banks and other lenders are engaging in reckless lending. The practice is so common, it would require a book to cover all the creative ways banks are breaking the law. It's time to pull out your bank statements and see whether or not you are being gouged by the banks. 

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