Recent content by Nicodeamus

  1. N

    No more bonuses for failing SOEs

    It will cause a riot of note. This f-up is the consequence of the ANC giving people free stuff from the beginning. I don’t see a soft landing in any of this. Eskom’s infrastructure is declining by the day. Money injections isn’t going to fix it over night.
  2. N

    No more bonuses for failing SOEs

    Now watch the income statements being manipulated!
  3. N

    The IMF can do what the ANC can't

    That is fair, but at this point I don't see any other option for SA. We have to somehow service our enormous state debt and in the past few years the tax revenues have been less than predicted.
  4. N

    The IMF can do what the ANC can't

    With an IMF bailout you will lose control over your fiscal policy, basically it undermines the parliament. It would mean the end of the ANC as one of the conditions that will be imposes is reform of the labour market. I don't want to be around though when Cosatu gets shafted by policy.
  5. N

    The IMF can do what the ANC can't

    The IMF bailout did help to restruction Kazakstan and Tanzania. I would grant that they were at a different place of development than us and that the political dynamics are different. My view is that SA requires significant restructuring in terms of our political system (i.e. implement van Zyl...
  6. N

    The IMF can do what the ANC can't

    This will not be an easy ride for the country.
  7. N

    South Africa, the next 5 years [discussion]

    That is just complete nonsense and economic illiteracy. Capitalism has in general brought prosperity to wherever it was applied. South Africa's problem has to do with mismanagement and a heavy tax burden on the productive part of the population. The AI fears are also generally unfound. A...
  8. N

    South Africa, the next 5 years [discussion]

    My view is that Cyril scares me more than Zuma. Zuma was an obvious crook, Cyril is a far more dedicated ideologue.
  9. N

    South Africa, the next 5 years [discussion]

    Another thing to add is what I do to try and contribute to SA: 1. I donate a few euros to the Institute of Race relations, Solidarity and the DA each month. I don't see any other organisations being prominent enough to take on the South African government. 2. I share posts on social media (not...
  10. N

    South Africa, the next 5 years [discussion]

    Haha, the prerequisite is to speak French and to actually know a thing or two about Iran. You see mass migration all over the third world. Paris, London and New York is full of migrants who have a similar story that young South Africans have. In general we live a "comfortable" live back home...
  11. N

    South Africa, the next 5 years [discussion]

    That doesn't mean that I shouldn't try and plan a bit. I have a pension, but I might die tomorrow.
  12. N

    13 areas confirmed for Thursday's 'total shutdown' in Cape Town

    The ANC has totally overplayed their hand with the coloured community. I am happy that for the first time in awihle it is not just angry whites that are complaining.
  13. N

    South Africa, the next 5 years [discussion]

    I don't regard it as too healthy either, because part of this scenario is that people without access to these communities will end up in ghetoes that is run by ganglords or corrupt policemen. Gates communities have sprung up all over SA in the last decade or so, it is a reality for many people.
  14. N

    South Africa, the next 5 years [discussion]

    I think we need to start talking about the short term prospects of South Africa and especially the next 5 years. What are your scenarios and how are you planning for the future? What do you think the country will most likely look like? I am asking this question, because of the recent trends in...
  15. N

    Brian Molefe, third time unlucky, over Eskom pension payout appeal

    It always amazes me how much confidence the crooks got. This guy was responsible for screwing the Transnet pensioners so that they get a few cents payment per month and then he goes on to pillage Eskom.
Top