CEOs from South Africa’s biggest retailers slam government’s ‘half-job’ load shedding relief

[BusinessTech]

CEOs from South Africa’s biggest retailers slam government’s ‘half-job’ load shedding relief

Major food retailers in South Africa have warned of the knock-on effects of load shedding.

 

[WollieVerstege]

It's called a "half-arsed-job", a "half-job" is what you get for 5 Baht from a ladyboy in Thailand. No need to be politically correct.

And it is not like you guys did not do a "half-arsed-job" stopping this.

 

[The_Librarian]

Higher food prices and more unrest action due to high food prices...

 

[LCBXX]

Noted. Now pay your taxes!
- ANC Proverb.

 

[ToxicBunny]

More CEOs and business leaders need to stand up and speak up about this sort of bullshyte.

 

[The_Librarian]

More CEOs and business leaders need to stand up and speak up about this sort of bullshyte.

Absolutely. And, if possible, withhold taxes (if they can).

Wild Wild West anybody? Or Mad Max....


/goes off to organize an interceptor

 

[LCBXX]

More CEOs and business leaders need to stand up and speak up about this sort of bullshyte.

Don't hold you breath. They all have card-carrying ANC members on their boards.

 

[ToxicBunny]

Don't hold you breath. They all have card-carrying ANC members on their boards.

Oh I'm not really holding my breath in all honesty, but it is something that does need to happen.

As a small random aside, one does have to wonder at what point would the banks be forced by their own rules to suspend the ANC and the SA Government from using their banking systems due to criminal behaviour and "reputational risk"

 

[LCBXX]

Oh I'm not really holding my breath in all honesty, but it is something that does need to happen.

As a small random aside, one does have to wonder at what point would the banks be forced by their own rules to suspend the ANC and the SA Government from using their banking systems due to criminal behaviour and "reputational risk"

Doubtful. I'm convinced that the Banks and other financial institutions are complicit in enabling ANC corruption.

 

[Roger Banana]

Oh I'm not really holding my breath in all honesty, but it is something that does need to happen.

As a small random aside, one does have to wonder at what point would the banks be forced by their own rules to suspend the ANC and the SA Government from using their banking systems due to criminal behaviour and "reputational risk"

Most banks are huge holders of government bonds, so doing this would cripple their own balance sheets. It would never happen.

 

[The_Librarian]

Doubtful. I'm convinced that the Banks and other financial institutions are complicit in enabling ANC corruption.

Have to agree...

 

[The_Librarian]

Most banks are huge holders of government bonds, so doing this would cripple their own balance sheets. It would never happen.

One is wondering when the domino effect will happen... it cannot go on like this.

 

[Pak Fa Fui]

They really should do more for small businesses, the tax rebate for citizens is a waste, bump up the funding and support these guys, they need it more

 

[The_Librarian]

They really should do more for small businesses, the tax rebate for citizens is a waste, bump up the funding and support these guys, they need it more

Yep

- Abolish the strict employment laws, make it easier to fire somebody due to misconduct, laziness or incompetence
- Abolish BEE etc

But it will never happen.

 

[Quicks]

If only they did a half arsed job. These ANC cnts do fokall but steal and corruption.

 

[ToxicBunny]

Doubtful. I'm convinced that the Banks and other financial institutions are complicit in enabling ANC corruption.

Most banks are huge holders of government bonds, so doing this would cripple their own balance sheets. It would never happen.

I very much doubt it, purely on a practical level... but one does have to wonder how much the Banks are bending their own internal rules as well as the FSCA type of rules in this instance.

 

[LCBXX]

I very much doubt it, purely on a practical level... but one does have to wonder how much the Banks are bending their own internal rules as well as the FSCA type of rules in this instance.

What's happened to those who looted VBS and the recent complete-loss faced by those pensioners who had their money managed by that NEFG company?

https://www.iol.co.za/personal-finance/investments/fsca-update-on-n-e-fg-sheds-no-light-on-missing-millions-a7ce1528-b7a8-49d8-8428-8c4e85e598fe

 

[ToxicBunny]

What's happened to those who looted VBS and the recent complete-loss faced by those pensioners who had their money managed by that NEFG company?

https://www.iol.co.za/personal-finance/investments/fsca-update-on-n-e-fg-sheds-no-light-on-missing-millions-a7ce1528-b7a8-49d8-8428-8c4e85e598fe

Absolutely nothing, but that in and of itself has zero direct bearing on my random aside...

We all know that Law Enforcement at all levels in this country is beyond a fscking joke.

 

[LCBXX]

Absolutely nothing, but that in and of itself has zero direct bearing on my random aside...

We all know that Law Enforcement at all levels in this country is beyond a fscking joke.

The very institutions and regulators who exist to protect the money of regular South Africans are all but toothless in the end. I'm convinced that those who go on to commit these acts of fraud and embezzlement are well aware of this weakness.
It's disgusting, actually.

I happen to know a couple of the pensioners who've had their money embezzled by NEFG. Previously wealthy, multi millionaire, pensioners who now have zero pension income and have to get by on a R2000 SASSA pension, and whatever other money they can scrape together.

 

[The_Librarian]

I happen to know a couple of the pensioners who've had their money embezzled by NEFG. Previously wealthy, multi millionaire, pensioners who now have zero pension income and have to get by on a R2000 SASSA pension, and whatever other money they can scrape together.

Sad.

Imagine working your arse off, saving diligently in order to ensure a worry-free retirement, only to be shafted by the system...