Banks are becoming obsolete - here's how

Posted 23 February 2014

Technology has leapfrogged the banking sector, rendering it as obsolete as the buggy whip. So why are we handing over 9% of the economy to an obsolete parasite, asks Charles Hugh Smith.

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Irish farmer jailed for forcing repo men to strip naked and join the pigs

Posted 14 February 2014

An Irish farmer has been jailed for forcing two repossession men to strip naked and step into a pen with an agitated boar. They pleaded to be let go, but the farmer made them get down on their knees and recite the "Our Father" first. We think the 12 month sentence is outrageous.

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I was liquidated over a fictitious R7 million loan, says Durban businessman

Posted 13 February 2014

In what must rank as one of the most bizarre legal cases in recent times, Durban businessman Ian Brakspear had his business liquidated in 2009 over a R7 million loan he says he neither asked for nor received. Ciaran Ryan investigates and finds forged signatures, missing files and more.

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ANC has succeeded in selling its racial agenda - SAIRR

Posted 13 February 2014

As we approach 20 years of ANC rule, expect to hear eulogies on how much better off the country is. But the real success of the ANC has been its ability to sell the country on advancing its racial agenda.

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Is litigation funding the way of the future?

Posted 11 February 2014

Litigation funding - where an outside party provides funding for a share of the litigation proceeds - may be an interesting way for cash-strapped South Africans to access the court system. But there are potential pitfalls that must be observed, according to an article by Werksmans. 

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SA urgently needs a credible, non-racial alternative to the ANC

Posted 07 February 2014

William Gumede argues in The Guardian that SA needs a credible, non-racial alternative to the ANC. This is especially so following the instant divorce between Agang SA and the Democratic Alliance.

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Labour court backs Solidarity's victory for employment equity

Posted 06 February 2014

The Labour Court has come out swinging on behalf of trade union Solidarity, which last year won a case against the Department of Corrections Services for overlooking 10 employees of the wrong colour. It filled the positions based on national instead of the regional demographics of the Western Cape.

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The A-Z of putting a BEE deal together

Posted 05 February 2014

Jako Liebenberg walks us through the steps of putting together a Black Economic Empowerment deal. Requirements in terms of BEE legislation have changed, and anyone planning a business deal going forward had better know the ABCs of BEE.

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Changes to court rules will stop auction sales at ridiculous prices

Posted 31 January 2014

Proposed changes to court rules will stop banks from selling repossessed houses at ridiculous prices. This is in response to court judgments where the constitutional right to adequate housing has been infringed.  

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Zuma tries to steamroll courts with amended Employment Equity Bill

Posted 28 January 2014

Solidarity LogoTrade union Solidarity argues that President Zuma's efforts to ramrod through amendments to the Employment Equity Act is an effort to override recent court decisions that challenge the government's application of national racial quotas.

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Three giants of the bar square up in court over contingency fees case

Posted 28 January 2014

Three of the country's top silks are squaring up against each other in a case that involves the Road Accident Fund, Discovery, and attorney Ronald Bobroff. As David Gleason discovers, the case runs deeper than many suppose, and involves the thorny issue of contingency fees and exclusion clauses in Discovery Health's contracts.

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The ANC's performance balance sheet: the good, the bad and the ugly

Posted 27 January 2014

Although South Africa has been slipping down various international rankings, anyone drawing up a balance sheet of rule by the African National Congress (ANC) since it came to power in 1994 must be struck as much by the successes as by the failures, writes John Kane-Berman of the SA Institute of Race Relations.

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New withholding tax on cross-border services

Posted 27 January 2014

An amendment to the Income Tax Act imposes a 15% withholding tax on cross-border services rendered in South Africa, writes Graeme Palmer of Garlicke Bousfield.

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Only 25% of Gauteng freeway users have e-tags

Posted 24 January 2014

Just 25% of Gauteng freeway users have e-tags, and several court challenges are lining up to test whether SANRAL has acted legally in bringing this massively expensive solution to the residents of Gauteng. It doesn't help SANRAL's case that hundreds of instances of mis-billing are being reported. 

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A completely useless individual

Posted 22 January 2014

Sports and recreation minister Fikile Mbalula gave Bafana Bafana a tongue-lashing for their capitulation to Nigeria. But as Gareth van Onselen points out, the minister could do with a dose of his own advice.

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It's time to fire the minister of agriculture and fisheries

Posted 20 January 2014

The DA has called for Tina Joemat-Pettersson's head, and the public protector wants Jacob Zuma to act against the agriculture and fisheries minister for maladministration, improper conduct and wasteful expenditure, writes Chris Barron. 

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Currency casino market under investigation

Posted 20 January 2014

The US attorney general is investigating what many have long suspected - that the world's currency makets are manipulated by a group of financial insiders known as the "bandit's club."

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Police hand fraud complaint against FNB to National Prosecuting Authority

Posted 15 January 2014

A fraud complaint by a Cape Town couple against FNB has been handed over by the police to the National Prosecution Authority, after the bank attempted to repossess their home in 2008. Could this end up being SA's first fraud trial against a bank and its executives over the shadowy practice of securitisation?

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What would happen if the State's monopoly on law was removed?

Posted 13 January 2014

German anarcho-libertarian Herman Hans-Hoppe believes peace and prosperity would be inevitable if only we were to end the State's monopoly on administering the law. And he provides a few interesting historical precedents where this actually happened.

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The 14 best insults of all time

Posted 10 January 2014

Winston Churchill was well known for his wit and searing put-downs, but what are the best insults of all time? Here's one list from British Pathe which is worthy of consideration.

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The interesting case of retailers and music copyright

Posted 09 January 2014

Retailers and music copyright owners recently went head-to-head in the Copyright Tribunal - a creatuire of  the Copyright Act - over how much stores should pay for broadcasting music to their customers. The judge eventually settled on R389 per 50 square metres, rather than the R500 music copyright owners demanded.

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The ANC's grip is slipping

Posted 08 January 2014

The ANC's grip on power is slipping and that can be a dangerous thing for the country, particularly in an election year. The radicalisation of South African politics is well underway, and trade unions are amping up their demands for higher wages, knowing their timing is perfect.

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KPMG's independence questioned in health care inquiry

Posted 07 January 2014

Netcare is challenging the Competition Commission's use of KPMG for technical services related to the inquiry into the healthcare industry about to get underway, due to the fact that KPMG previously did work for Netcare.

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Only a fraction of fishing licence applications have been granted

Posted 06 January 2014

Only a fraction of the fishing licences applied for have been granted, leaving many well-established fishermen without a livelihood. The situation has been described as a "national disaster" by the Democratic Alliance, which wants the matter investigated.

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The year of living dangerously

Posted 17 December 2013

2013 will go down as the year of living dangerously. Our beloved Madiba passed away, the sign interpreter at his funeral turns out to be a fake with an interesting background, and President Zuma was grateful for the opportunity to change the subject from Nkandla-gate.

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