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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New attack on non-governmental organisations

Posted 10 December 2013

The Gauteng Department of Social Development is attempting to bring non-governmental organisations under its control, and this must be resisted, says the SA Institute for Race Relations. It it succeeds in Gauteng, other provinces will follow suit.

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Mandela made South Africa great for a time

Posted 05 December 2013

The news of Nelson Mandela’s passing has touched the world. Once in a generation, a man appears who embodies greatness. Someone who, despite every reason to hate, chooses the path of love and reconciliation. 

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Zuma's Nkandla embarrasment

Posted 02 December 2013

President Zuma's Nkandla residence has cost the taxpayer R215 million, with R31 million of work still in progress. Last year, Zuma told parliament his family paid for the buildings, but this is contradicted by Public Protector Thuli Madonsela, who says the President must be called to account for this spending. 

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Zuma's sinking ship of corruption exposed

Posted 01 December 2013

A series of reports from Public Protector Thuli Madonsela paints a damning picture of corruption within President Zuma's administration. Opposition parties and ANC alliance partners have started feasting on the allegations contained in these reports.

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Key Points Act is an abuse of office

Posted 29 November 2013

Congress of the People (COPE) leader Mosiuoa Lekota says the attempt by government to push through the National Key Points Act in reminiscent of George Orwell’s Animal Farm, where the revolutionaries become indistinguishable from the past oppressors.

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New black empowerment requirements sow confusion in mining sector

Posted 27 November 2013

New black economic empowerment requirements are sowing confusion in the mining industry, with some companies being threatened with cancelled contracts due to non-compliance, says Jako Liebenberg.

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E-toll war just getting started

Posted 24 November 2013

The e-toll war got a whole lot bloodier this week with news that several court challenges are being launched to test the constitutionality of government's decision to introduce e-tolls from December. Not since the death of apartheid in 1994 has government faced this kind of opposition.

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Why is the government cancelling bi-lateral trade agreements?

Posted 18 November 2013

The government has decided to cancel bi-lateral investment treaties with several countries because they interfere with its transformation agenda. It plans to replace this with the Promotion and Protection of Investment Bill, now open for public comment, which aims to curtial potential claims from foreign investors.   

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Public Protector in fire fight with security ministries over Nkandla

Posted 15 November 2013

Public Protector Advocate Thuli Madonsela says her team was frustrated and obstructed in their investigations into the R206 million Nkandla estate, built for President Jacob Zuma. The story played out this week in the courts and in the press. 

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R33,7 billion spent by the state on consultants in the last financial year

Posted 12 November 2013

The State spent R33,7 billion on consultants in the past financial year, prompting Parliament's public accounts watchdog to warn of the emergence of a "parallel state." Where did the money go? On counting cushions, training in positive discipline and duties that public servants are supposed to perform themselves.

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DA's endorsement of ANC racial policies is a betrayal of its heritage

Posted 11 November 2013

John Kane-Berman of the Institute of Race Relations says the Democratic Alliance has betrayed its heritage by signing on to the ANC's racial programme, which is both morally and economically indefensible. 

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New black empowerment codes could leave you trailing in the dust

Posted 05 November 2013

Recent changes to the Broad-Based Black Economic Empowerment Codes of Good Practice pose a major challenge to the way South African companies must conduct business. Jako Liebenberg explains how.

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New Promotion and Protection of Investment Bill ruffles feathers

Posted 04 November 2013

The keenly awaited Promotion and Protection of Investment Bill, which will replace a raft of bilateral investment treaties designed to protect foreign investors, was published in the Government Gazette on Friday, confirming fears that investors’ rights will be diminished.

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The tide is turning against the banks - Part 2

Posted 29 October 2013

In Part 2 of our interview with Robyn Zimmerman, a consumer lawyer based in Cape Town, we look at what legal ammunition consumers can bring to their defence in cases where their homes are under threat of repossession, and we look at the fascinating case of Samsodien versus First National Bank. 

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Cancellation of bi-lateral trade agreements sows confusion

Posted 29 October 2013

South Africa recently annulled bi-lateral trade agreements with several European countries, causing disquiet among our trading partners. The new Promotion and Protection of Investment Bill, which is yet to come before the public for comment, is supposed to create a level trading field. But in the hands of the communists at our Trade ministry, anything is possible.

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The tide is turning against the banks - Part 1

Posted 24 October 2013

South Africa's courts have traditionally weighed in on the side of the banks when it comes to home repossession, even though the loans have been securitised and are now under new ownership. But the tide is turning against the banks, says consumer lawyer, Robyn Zimmerman.

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