Cape Party launches bid for Western Cape independence

[Sepeng]

It might also be raining actually since its going into the rainy season now...

Ok yeah, that plan has some flaws... fsck it.

And then the humidity in December, and as everyone knows, you don't invade KZN in the summer.
Well actually that's not true - us vaalies love invading KZN in the summer.
OK fine, KZN can stay. But sort the Sharks out. Or else.

 

[ToxicBunny]

And then the humidity in December, and as everyone knows, you don't invade KZN in the summer.
Well actually that's not true - us vaalies love invading KZN in the summer.
OK fine, KZN can stay. But sort the Sharks out. Or else.

When you say sort out the Sharks? Do you mean actually make them perform properly and always win like they should?

If so, we've been trying, but its the humidity and rain that gets in the way... they get lazy.

 

[F1 Fan]

Because they don't own it.

Eskom owns Koeberg.
Portnet owns the Port of Cape Town.
Cape Town International Airport is owned by ACSA which is majority owned by the South African Government.
The National Road Network is owned by SANRAL.
The railroads are owned by PRASA and Transnet Freight.


How much do they pay and receive?
Better be a lot because they're going to be paying to use all that South African-owned infrastructure.


Or do they think they'll just be taking all of that?

Im not sure what point you are trying to make to be honest. All these entities are owned by government based on tax contributions from the provinces including WC. So that ownership should transfer.

No doubt, it will be super difficult and complex to achieve. But the government isn't giving hand outs to WC.

 

[krycor]

Wait till they decide who can be a citizen.. and who is not.

That’s when **** gets real and civil wars start because the 1/2 the population is not from here originally.. and no matter how you try an carve it out, it gets bad fast.

So yah.. usual BS ideas before reality kicks in and majority people realize they going backwards and being led by the same BS artists of the past. well history does love repeating itself hey.

 

[ToxicBunny]

Im not sure what point you are trying to make to be honest. All these entities are owned by government based on tax contributions from the provinces including WC. So that ownership should transfer.

No doubt, it will be super difficult and complex to achieve. But the government isn't giving hand outs to WC.

Ok, then if you're going to play it that way, then what percentage of taxpayers come from the WC, they can get all those entities for that percentage discount...

 

[Vorastra]

Im not sure what point you are trying to make to be honest.

The point is that independence is feking stupid.

All these entities are owned by government based on tax contributions from the provinces including WC.

And yet, still owned by the government of ZA that will no longer be the WC's government? Ownership doesn't change.
If I stop paying the bank for my car, the car still belongs to the bank.

So that ownership should transfer.

Not even remotely how that will work.
Pay up, betch.

No doubt, it will be super difficult and complex to achieve. But the government isn't giving hand outs to WC.

No problem, you can rent all those things I've listed above from South Africa. South Africa looks forward to doing crippling business with the Independent State of WC.

 

[F1 Fan]

Ok, then if you're going to play it that way, then what percentage of taxpayers come from the WC, they can get all those entities for that percentage discount...

I mean thats prob one approach right...

My point is, everyone is picking holes in why this shoudn't work, and then in other threads, they bitch and moan about how the ANC is useless. WC has better chances of succeeding and surviving compared to hoping the ANC turns whole of SA around, in my opinion.

I would think Gauteng and KZN would want to succeed as well, giving that the 3 major cities basically fund the gravy train for the country. The only difference for us is we have potential to vote for other parties

 

[Sepeng]

When you say sort out the Sharks? Do you mean actually make them perform properly and always win like they should?

If so, we've been trying, but its the humidity and rain that gets in the way... they get lazy.

Then get on importing more Free State folk, that's worked for us before!

 

[F1 Fan]

The point is that independence is feking stupid.


And yet, still owned by the government of ZA that will no longer be the WC's government? Ownership doesn't change.
If I stop paying the bank for my car, the car still belongs to the bank.


Not even remotely how that will work.
Pay up, betch.


No problem, you can rent all those things I've listed above from South Africa.

Legal entities with shareholding strcutures, but ownership doesn't change? Ok then.

 

[WollieVerstege]

Im not sure what point you are trying to make to be honest. All these entities are owned by government based on tax contributions from the provinces including WC. So that ownership should transfer.

No doubt, it will be super difficult and complex to achieve. But the government isn't giving hand outs to WC.

Technically no. They are owned by private companies of which the Government is just a shareholder, i.e. SOE's
So the things mentioned are assets on their balance sheets and cannot just be given away, somebody is going to have to buy it from them, with money we get from where - who knows.
Furthermore most of the corporate tax payers will run for the hills, so you can ignore the amount of taxes that the WC collects from them

 

[ToxicBunny]

Then get on importing more Free State folk, that's worked for us before!

We need to leave a few people in our development side... can't completely gut it.

 

[Vorastra]

Legal entities with shareholding strcutures, but ownership doesn't change? Ok then.

How does that apply to my comment.
What government entity, that I've listed, will the Independent State of WC be a shareholder in?

 

[F1 Fan]

Technically no. They are owned by private companies of which the Government is just a shareholder, i.e. SOE's
So the things mentioned are assets on their balance sheets and cannot just be given away, somebody is going to have to buy it from them, with money we get from where - who knows.
Furthermore most of the corporate tax payers will run for the hills, so you can ignore the amount of taxes that the WC collects from them

Fair point, other entities are involved as well. Im not an expert on how this will all work, but I definitely think it warrants investigation.

Why would corporates flee?

 

[Creag]

No comment by lexity yet?!

And no I am not tagging him/her. I do not want any infractions

 

[rvZA]

With that logic, then we should try solve all the problems for Africa too.

Why stop there, why not the whole world too?

 

[Genisys]

If this happens, how long do we give it before they come back crying wolf?

 

[WollieVerstege]

Fair point, other entities are involved as well. Im not an expert on how this will all work, but I definitely think it warrants investigation.

Why would corporates flee?

List is quite long, but some of the issues that I have looked at is:

• Membership of SADC and AU - SA companies benefits massively from this membership and there is no guarantee the IWC will be allowed to stay in these organisations. Likewise also with BRICS.
• IWC will have no international relations or trade treaties which companies rely on, especially those that have an international presence.
• Questions on taxation, regardless of what the independence guys say, a lot of taxes will have to be extracted from somewhere.
• Retaliation on their businesses remaining in SA from SA/ANC.
• Some critical business relationships will become international relationships overnight. Think about the relationships between large financial institutions based in the WC and mining houses for instance.
• Establishment of a reserve fund/bank, and associated monetary policy, and the risks to market liquidity.
• An IWC will not block them from doing business here in any case, so stick with what you know in SA.
• Political instability.

In the end there will have to be 100% certainty about what an IWC will look like or they will walk. As bad as the rest of SA is, from a business perspective, it is still the larger and more lucrative market.

 

[Scooby_Doo]

I must be blind, I see no amounts received or paid in the BT article nor the Cape Independence article linked. ¯\_(ツ)_/¯
What about the rest of my comment.

Three of the provinces of South Africa contributed 77.8% of the total tax revenue: Gauteng (49.0%), Western Cape (15.5%), and KwaZulu-Natal (13.3%). The provinces with the smallest contributions were the Northern Cape (1.3%), followed by Free State (3.2%) and North West (3.3%) [1]

I am not going to pretend that I know how a split would happen, but I disagree with the statement that the WC should pay for the assets outright when in fact the taxpayers have been contributing.

 

[etienne_marais]

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[ToxicBunny]

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U.L.A. Special Report - Interviews with Hein Marx and Hannes Louw. - VokalNow.com offers the best in live podcasting from Dallas, Texas.

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How about a summary... Hour and 30 of them talking is a bit long for my liking.