Mboweni OK with his Afrikaners

[Nokkie]

why do they come up with this only now? couldn't they have said something when about 600k whites already left or something alway's has to wait to the last minute jeez

 

[Skeptik]

Don't forget Mboweni was an ANC political appointee. The bank was supposed to be independent. He also had NO banking experience. Perhaps he speaks from his own experience as an unqualified black person out of his depth.

 

[brixton tower]

Don't forget Mboweni was an ANC political appointee. The bank was supposed to be independent. He also had NO banking experience. Perhaps he speaks from his own experience as an unqualified black person out of his depth.

Huh ...please go check up his profile and you'll discover that he's no palooka when it comes to dealing with money.

 

[Skeptik]

Huh ...please go check up his profile and you'll discover that he's no palooka when it comes to dealing with money.

OK, comrades, who should we pick to head the Reserve Bank of our proud land. I know let's pick someone with NO banking experience! He's black and a comrade member of the ANC, so he fits the bill.

 

[DigitalSoldier]

OK, comrades, who should we pick to head the Reserve Bank of our proud land. I know let's pick someone with NO banking experience! He's black and a comrade member of the ANC, so he fits the bill.

LOL I really think that is true for some of the ministers in this country

ESPECIALLY our new president and ex deputy president

 

[NoRulez]

Bonke Dumisa, the CEO of the Durban Chamber of Commerce, says fronting events the progress of BEE and stops the transfer of skills to black people.
http://www.sabcnews.com/economy/labour/0,2172,131463,00.html

Now here's a good one... How can skills be transferred? They can transfer your money, your property, your job, just about anything, but skills can NEVER be transferred.
Unless they have built one of those machines that can tap into one's brain and transfer the knowledge and memory to a chimp...
AFAIK those machines only exist in science fiction movies...

 

[scatlett]

point 2 below explains it

trans‧fer  /v. trænsˈfɜr, ˈtrænsfər; n., adj. ˈtrænsfər/ Pronunciation Key - Show Spelled Pronunciation[v. trans-fur, trans-fer; n., adj. trans-fer] Pronunciation Key - Show IPA Pronunciation verb, -ferred, -fer‧ring, noun, adjective
–verb (used with object)
1. to convey or remove from one place, person, etc., to another: He transferred the package from one hand to the other.
2. to cause to pass from one person to another, as thought, qualities, or power; transmit.
3. Law. to make over the possession or control of: to transfer a title to land.
4. to imprint, impress, or otherwise convey (a drawing, design, pattern, etc.) from one surface to another.
–verb (used without object)
5. to remove oneself from one place to another: to transfer from the New York office to London.
6. to withdraw from one school, college, or the like, and enter another: I transferred from Rutgers to Tulane.
7. to be moved from one place to another: to transfer to overseas duty.
8. to change by means of a transfer from one bus, train, or the like, to another.
–noun
9. a means or system of transferring.
10. an act of transferring.
11. the fact of being transferred.
12. a point or place for transferring.
13. a ticket entitling a passenger to continue a journey on another bus, train, or the like.
14. a drawing, design, pattern, or the like, that is or may be transferred from one surface to another, usually by direct contact.
15. a person who changes or is changed from one college, military unit, business department, etc., to another.
16. Law. a conveyance, by sale, gift, or otherwise, of real or personal property, to another.
17. Finance. the act of having the ownership of a stock or registered bond transferred.
18. Also called transfer of training. Psychology. the positive or negative influence of prior learning on subsequent learning. Compare generalization (def. 4).
19. Also called language transfer. Linguistics. the application of native-language rules in attempted performance in a second language, in some cases resulting in deviations from target-language norms and in other cases facilitating second-language acquisition.

 

[xtermin8or]

Huh ...please go check up his profile and you'll discover that he's no palooka when it comes to dealing with money.

exactly - I'll quote one for those too lazy/busy to search themselves

The youngest of three children, Tito Mboweni was born on 16 March 1959. He grew up in Tzaneen in the Northern Province.

He attended the University of the North between 1979 and 1980, where he registered for a Bachelor of Commerce degree. He did not complete his studies there and left South Africa to go into exile in 1980.

While in exile in Lesotho, he joined the African National Congress (ANC), South Africa's governing party, and was an activist for the party in many capacities.

He obtained a Bachelor of Arts (honours equivalent) degree in economics and political science from the National University of Lesotho in 1985. In 1987 he obtained a Master of Arts degree in development economics from the University of East Anglia in England.

Tito Mboweni was Minister of Labour from May 1994 to July 1998 in President Nelson Mandela's cabinet. Prior to his appointment as Minister of Labour, he was Deputy Head of the Department of Economic Policy in the ANC. He also represented the ANC on several domestic and international platforms.

Tito Mboweni was a member of the ANC's National Executive and National Working Committees and was also Chairperson of the National Executive Committee's Economic Transformation Committee, which coordinated the development of ANC economic policies.

He became one of the World Economic Forum's Global Leaders of Tomorrow in 1995.

In 1997 Tito Mboweni was appointed head of the ANC's Policy Department which was responsible for managing ANC policy processes. Upon joining the SA Reserve Bank, he resigned all of his elected and appointed positions in the ANC.

He joined the SA Reserve Bank in July 1998 as Advisor to the Governor. In August 1999 he was appointed Governor of the SA Reserve Bank. During his tenure, he was appointed honorary Professor of Economics at the University of South Africa for 2000 to 2003. The University of Natal awarded the Governor the degree of Doctor of Economics, honoris causa. The degree was conferred on him in 2001. The Governor was also elected Chancellor of the University of the North-West and was installed as Chancellor on 23 February 2002. The University of Stellenbosch appointed the Governor Professor Extraordinary in Economics for the period 1 April 2002 to 31 March 2005.

Tito Mboweni is a keen fly fisherman and an avid spectator of soccer

 

[xtermin8or]

I've always said that Trevor Manuel should be president. Maybe then Tito Mboweni as vice-president?
These finance guys know their stuff.

That's why I always say Thabo Mbeki was the right man for the job at the right time. Nelson Mandela was President when we needed reconcilliation and forgiveness - then we needed to reform our economy and Thabo Mbeki stepped out of the shadow and into the limelight

Mbeki obtained his Masters in Economics from the University of Sussex in 1966

And don't worry about Zuma becomming President - Mbeki is too shrewd to let that happen - the person who will be will most likely be a Mbekiite - so Mbeki can still pull the strings so to speak

Mass support in the streets mean little at ANC congresses - look at how poorly COSATU does in the vote every time

As for Mboweni - he has come out harshly against the Government a few too many times ( for their liking ) and his days - I think - are numbered

 

[kilo39]

I keep hearing how wonderful our finance minister is: if he is so wonderful how come 98% of taxi operators don't pay tax?

Maybe this is where we are going to get all the multi-billions we seem to be spending - oh, a billion here, and 10 billion there, and... um, excuse me - how about everyone paying tax - then maybe we'd all be a little richer!!!

 

[Summoner]

And these statements of his have been labelled "Idiotic" on a SABC discussion program.

 

[xtermin8or]

I keep hearing how wonderful our finance minister is: if he is so wonderful how come 98% of taxi operators don't pay tax?

Maybe this is where we are going to get all the multi-billions we seem to be spending - oh, a billion here, and 10 billion there, and... um, excuse me - how about everyone paying tax - then maybe we'd all be a little richer!!!

The Taxi industry is at this stage still an informal unregulated industry - therefore Government is attempting to formalise and regulate the industry through the taxi recap programme

 

[kilo39]

The Taxi industry is at this stage still an informal unregulated industry - therefore Government is attempting to formalise and regulate the industry through the taxi recap programme

Ah, that's a laugh. Got to spend money to make money, or what?

"Informal unregulated industry" - INDUSTRY being one of the most operative words - ah, the pleasures of living in a democracy - when someone else pays the bills! One of the biggest earners in the country but, um, its "informal" and "unregulated" - PLEAZE Plain fact: there would be riot (just like those bad old muslims jihad terrorists!)

Taxi Recap Programme?! Bwahahaha. Would that be anything like the telkom "recap" program?! Let's give them 50 000 or 100 000 for a wreck that shouldn't be on the road! Oh - but its "informal".

Yeh, right.

 

[xtermin8or]

@ kilo

the recap programme is the attempt at formalising and regulating the industry, at the moment it is still informal - but I shouldn't bother as it seems you don't understand simple terms

 

[kilo39]

@ kilo

the recap programme is the attempt at formalising and regulating the industry, at the moment it is still informal - but I shouldn't bother as it seems you don't understand simple terms

Aah I see - signup for a new taxi and simultaneously sign up for tax? Fiendishly clever my dear xtermin8or. No wonder so few are interested - and they now want R100 000. (What is that - year one tax deduction?)

Or - how about some straight simple honesty (um, like the rest of us) - and signing up - voluntarily?! No?! What? Paying tax? Eish! I rather riot.

 

[icyrus]

The Taxi industry is at this stage still an informal unregulated industry - therefore Government is attempting to formalise and regulate the industry through the taxi recap programme

Is that really an excuse as to why they don't pay tax? Try harder.

 

[xtermin8or]

Is that really an excuse as to why they don't pay tax? Try harder.

you can't tax an informal business, esp one that uses mainly cash. therefore through the formalisation of the industry, SARS will know at least how many taxis are being operated under which organisation and can levy a tax.

I never said it is an excuse for taxi drivers to pay tax, merely pointed out that govt is working on a system to make it possible to collect taxes from taxi operators

I welcome more people paying tax, as the simple logic is the wider the tax base - the lower taxes will be for me and you ( that's assuming if you pay tax)

 

[jontyB]

you can't tax an informal business, esp one that uses mainly cash. therefore through the formalisation of the industry, SARS will know at least how many taxis are being operated under which organisation and can levy a tax.

I never said it is an excuse for taxi drivers to pay tax, merely pointed out that govt is working on a system to make it possible to collect taxes from taxi operators

I welcome more people paying tax, as the simple logic is the wider the tax base - the lower taxes will be for me and you ( that's assuming if you pay tax)

what absolute rubbish. there are hundred of thousands of people running improptu little one man business who do pay tax. The people who don't (especially the hawkers and taxi bosses) are supposed to pay tax, but don't, cos they conveniently do not declare any income. SARS should crack down on these people but they won't. Taxi owners are the worst cuplrits with this - no one really knows how much money they make, but they make a lot. I personally know of a few taxi bosses who have mansions in golf estates.

 

[kilo39]

Plain fact: they would probably make more money if they paid tax - running costs are tax deductable, investment in the business is deductable... Um, seems like paying tax is a white thing... I mean where's the mindset "for the good of the country?"

In a country of 25 million 'eligable' workers only 5 million pay tax... um, what is wrong with this picture?

Um, maybe this is the Peace Dividend?

 

[TonyA]

Would think that the FICA regulations would broaden tax base, how do you have money in an account if you have no income? Sure some people don't have accounts but its becoming more difficult to live without a bank account!