Here's a prescription to fix SA - first of all, figure out who runs the show

Posted 12 January 2016

John Kane-Berman of the Institute of Race Relations offers some advice on how to get SA back on the rails again. First of all we need to figure out who runs the country: is it cabinet, President Zuma, the ratings agencies or the financial markets? Right now, it looks like no-one is in charge. 

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Affirmative action policies are a fraud

Posted 10 January 2016

Temba A. Nolutshungu of the Free Market Foundation argues that affirmative action is one of the biggest frauds perpetrated against South Africans in the post-apartheid era. In this article, he looks at how affirmative action has retarded the progress of the supposed beneficiaries in the US, Malaysia and elsewhere.

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Fact: humanity is better off than it has ever been

Posted 06 January 2016

Everywhere news is screaming to us that things are bad and getting worse - from education standards to health, business and politics. While not everything is rosy, Free Market Foundation's executive dirtector Leon Louw points out some facts that suggest things are not as bad as they might seem.

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The dagga trials: the state argues zol makes you violent and stuff

Posted 04 January 2016

The dagga trial gets underway in March this year, and it should be a trip! On the one side is the Dagga Party of SA, led by Jeremy Acton, and on the other the state. The Dagga Party argues that SA is out of touch with the latest research findings and the trend towards decriminalisation of the world's favourite plant.

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You say you want a revolution? Here's a taste of what's in store

Posted 29 December 2015

If you want to stop being victimised by financial terrorists, stop using their currencies, says Charles Hugh-Smith. History is not on the side of the financial aristoracy who, like their Roman forbearers, are destined for wipe-out within the next 10 years. 

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"If I could predict the crash of 2008, why couldn't the Fed?" - Dr Michael Burry

Posted 28 December 2015

Dr Michael Burry is the inspiration behind the blockbuster movie The Big Short. If he could predict the market crash of 2008, why couldn't the government and the Federal Reserve? When he asked these questions publically in 2010, he was investigated by the tax authorities and the Federal Bureau of Investigation.

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Can Zuma survive the revolt that is coming?

Posted 13 December 2015

As the rand breached R16 to the US dollar and overseas traders calling the rand a one way bet to R18 or even R20, it's clear South Africa can no longer afford its president and his capricious style of rule. His firing of finance minister Nhlanhla Nene may be the last straw.

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Nene fired - Zima's capture of state spending is now complete

Posted 10 December 2015

President Zuma fired finance minister and the rand slipped past R15 to the US dollar. What else could possibly go wrong? All bets are off at this stage, but a yearend shock for the rand - as if R15 to the US dollar is not enough of a shock - is certainly now on the table.

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How SA slept through the BEE revolution

Posted 07 December 2015

Black Economic Empowerment (BEE) has morphed into something more oppressive than even the original architects of affirmative action could have imagined. In this book, BEE: Helping or Hurting, author Anthea Jeffery dissects some of the crazy laws being shaped under the umbrella of BEE.

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Blade's bold plan to nationalise training

Posted 03 December 2015

Higher education minister Blade Nzimande wants to overhaul the Sector Education and Training Authorities (Setas) and grab most of the R13 billion collected each year by way of the National Skills Levy. Some are calling this a bold attempt by the minister to nationalise the country's training.

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Residents fight back against banks' eviction tactics

Posted 02 December 2015

Stories of mass evictions were common during the apartheid years. It's happening again, this time at the behest of the banks, but the victims are of every race, including the poorest of the poor. One human rights group has decided to fight back. 

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Blade denies conflict over Seta funding

Posted 01 December 2015

Higher education minister Blade Nzimande has proposed the effective nationalisation of skills training. He also founded a trust that received millions from Sector Education Training Authorities (Setas) that fall under his purview, though he denies any conflict of interest. 

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Smoking is not a crime

Posted 30 November 2015

The nanny state is at it again. Now health minister Aaron Motsoaledi wants to ban smoking in public places altogether. The Free Market Foundation calls this an assault on basic freedoms and property rights.

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A Christmas gift for Lennie the Liquidator

Posted 26 November 2015

Last year, two days before Xmas, Lennie Katz, the liquidations supremo at Edward Nathan Sonnenberg, served summons on Noseweek and its editor Martin Welz for “wrongful defamation” over stories he had written on the Brakspear v Nedgroup and other cases. Welz and Noseweek are defending the action. Here’s the latest.

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Man-made climate change is man-made nonsense

Posted 24 November 2015

It's time to call out the loons who want to scare us all with their stories of man-made climate change being responsible for the current drought. As Andrew Kenny points out in this article, we should welcome increased CO2 levels as beneficial for plant life. 

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From Pol Pot to ISIS - the blood never dried

Posted 22 November 2015

As US President Barack Obama wages his seventh war against the Muslim world after winning his Nobel Peace Prize, journalist John Pilger reminds us that the outrages committed by ISIS can only be understood by an examination of the history of Western governments and their intelligence agencies in spreading violence and terror.

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Govt loses court case to scrap Setas, so changes the law

Posted 18 November 2015

Higher education minister Blade Nzimande has gazetted sweeping proposals to scrap sector education and training authorities that receive R13 billion a year from the skills levies. Expect a major fight-back from the Setas and companies which stand to lose billions in levy refunds.

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Davenport loses securitisation case, plans to bring new evidence to court

Posted 17 November 2015

Eastern Cape ostrich farmer Ash Davenport, who was the first South Africa to present a securitisation audit in front of a court, lost his case in the Eastern Cape High Court to stop his farm being sold in execution. But he has a second audit proving beyond any doubt that Standard Bank no longer owns his loan.   

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Acts Online's Business Intelligence Report

Posted 10 November 2015

Acts Online has launched its Business and Legal Intelligence Report, a subscriber service which will be published twice a month, bringing you actionable intelligence that you need to guide your business and your finances. Do not make a decision without first consulting this report. 

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26 bankers sentenced to combined 74 years in Iceland

Posted 09 November 2015

Here's how you do it: round up the bankers who sank your country into bankruptcy and lock them away. Ireland is seeking extradition from the US of the former CEO of Anglo Irish Bank for his part in Ireland's 2009 banking crisis. But Iceland is way ahead of the pack, jailing 26 bankers for a total of 74 years.

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FNB sells R1,4m property for R10,000 - move along, nothing to look at here

Posted 04 November 2015

FNB valued Mike Russwurm's house in Johannesburg at R1,4m just a few years before he fell into arrears. It then went and sold his house at auction for R10,000. Yes, you read that right. That's less than 1% of its original value. Here's what happened.

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Busted! Joburg man catches Standard Bank out over securitisation denial

Posted 03 November 2015

Jack Darier of Parkhurst in Joburg asked his bank whether his loan had been securitised. No way, said the bank. It was the answer Darier was expecting. Meantime he had the proof that the opposite was true. It was a truth test, and the bank failed.

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Plain packaging of cigarettes is tantamount to expropriation

Posted 03 November 2015

The already demonised tobacco industry now faces further interference from the nanny state in the form of new regulations requiring plain cigarette packets and a ban on smoking in public places. Whether you smoke or not, this encroachment on freedom of choice and private property is disturbing.

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Under new bill, govt will own your copyright on your death

Posted 30 October 2015

There is brisk debate in this internet age as to whether copyrights stifle the spread of knowledge. Copyright became a legal phenomenon in 1886 when writer Victor Hugo and others helped draft the Berne Convention. It seems the SA government has joined the anti-copyright movement and wants to assume ownership of your creative works on your death.

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Lessons to be learned from the visa bungle

Posted 28 October 2015

The main lesson to be learned from the damage caused by SA's stricter visa rules for visitors - now relaxed - is that the government needs to pay closer attention to the unintended consequences of policy decisions.

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