SA Politics Thread Part 10 : The GNU Has Crashed

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TheChamp said:
Bringing in skills is not what most of the contracting is about, it's just spreading patronage, those contractors don't have any special training a municipality cannot provide to in house people, they are in fact very ill equipped and end up running a corruption racket with in house staff where the city tools and other resources are stolen and sold to them.

It's only very high level stuff like rebuilding those burnt down substation that requires special skills.
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hmmmm Talking about electrical supply specifically
You are not allowed to work on any electrical infrastructure without being suitably certified
 
TheChamp said:
Bringing in skills is not what most of the contracting is about, it's just spreading patronage, those contractors don't have any special training a municipality cannot provide to in house people, they are in fact very ill equipped and end up running a corruption racket with in house staff where the city tools and other resources are stolen and sold to them.

It's only very high level stuff like rebuilding those burnt down substation that requires special skills.
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Oh sure the municipalities haven't chosen their contractors correctly at all, its an entirely corrupt process but the process started first and foremost because the municipalities utterly lack even the most basic skills. Generally i see no interest in changing those skills in house so perhaps having better contractors but we all know thats not how the cadres eat.
 
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So the ANC only want big business around when they looking for handouts to rescue their **** ups.
Big business should just extend their collective 🖕
 
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OH FFS, they're going to bluetick him on Putin's orders, aren't they?
The flu bug has again struck President Cyril Ramaphosa, this time on the eve of an all-important working visit by Ukraine's Volodymyr Zelensky to the Union Buildings in Pretoria on Thursday.

But, Presidency spokesperson Vincent Magwenya said although Ramaphosa was feeling under the weather, he would be well enough to meet with his Ukrainian counterpart.

"The president will still meet with President Zelensky," said Magwenya.

Ramaphosa was so unwell on Wednesday that he asked International Relations and Cooperation Minister Ronald Lamola to deliver his opening remarks at the second session of the Bi-National Commission (BNC) with South Africa and the Kingdom of Lesotho in Maseru on Wednesday.


Taking to the podium after Lesotho Prime Minister Samuel Ntsokoane Matekane's welcome remarks, Ramaphosa apologised for his hoarse voice.

"I rise not to show off my voice, which has become hoarse, but also not to declare that I got sick when I arrived in Lesotho," he said, making the guests chuckle.

"As Basotho, don't ever think that you are responsible for my current health condition. The prime minister and I agreed that due to the condition of my voice and feeling a little bit fluey, I will ask the minister of international relations to come and deliver my opening remarks."


Ramaphosa said he had informed Lesotho's King Letsie III that he was unwell.

"He has wished me well in my recovery. You can't get better than that - than when a king is wishing you to get better, so I will get better," he added.

Ramaphosa and his high-powered delegation of ministers, including Lamola, Parks Tau, Kgosientso Rampokgopa and Sisisi Tolashe, are on a working visit to Lesotho.

President Cyril Rampahosa

President Cyril Ramaphosa co-chaired the second session of the South Africa-Lesotho Bi-National Commission on Thursday with Prime Minister Samuel Ntsokoane Matekane.
Supplied GCIS/JairusMmutle
In his closing remarks, Ramaphosa said discussions underscored the need to accelerate the implementation of decisions, projects, and programmes arising from the Bi-National Commission.

"South Africa and Lesotho have the opportunity for closer collaboration in many areas. Apart from greater private sector collaboration, we should give attention to infrastructure development, energy and food security, bilateral and regional value chains, and greater trade."

Without naming the US, which imposed a 50% tariff hike on Lesotho, Ramaphosa said while other countries were creating barriers, including imposing tariffs, "it is incumbent on our two countries to promote trade relations that reflect our common interests".
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www.citizen.co.za

What does lowest inflation in 5 years mean for repo rate? | The Citizen

Economists expected that inflation would be between 2.9% and 3% and were surprised that it decreased to 2.7% in March.
www.citizen.co.za www.citizen.co.za

The news that inflation was the lowest in almost five years in March now has consumers wondering if the inflation rate of only 2.7% will move the Reserve Bank to cut the repo rate again when its Monetary Policy Committee (MPC) meets next month.

The South African Reserve Bank (Sarb) has the constitutional mandate to protect the value of the rand by keeping inflation low and steady. It uses interest rates to influence the level of inflation, with National Treasury setting the inflation target in consultation with the Sarb to act as a benchmark to measure price stability.
 
TheChamp said:
www.citizen.co.za

What does lowest inflation in 5 years mean for repo rate? | The Citizen

Economists expected that inflation would be between 2.9% and 3% and were surprised that it decreased to 2.7% in March.
www.citizen.co.za www.citizen.co.za

The news that inflation was the lowest in almost five years in March now has consumers wondering if the inflation rate of only 2.7% will move the Reserve Bank to cut the repo rate again when its Monetary Policy Committee (MPC) meets next month.

The South African Reserve Bank (Sarb) has the constitutional mandate to protect the value of the rand by keeping inflation low and steady. It uses interest rates to influence the level of inflation, with National Treasury setting the inflation target in consultation with the Sarb to act as a benchmark to measure price stability.
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It probably won't. We follow the fed rate to make rand-based assets more attractive. Reducing the differential makes us less attractive...
 
Mike Hoxbig said:
It probably won't. We follow the fed rate to make rand-based assets more attractive. Reducing the differential makes us less attractive...
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This is true but its also worked for us in the past, in that both parties inflation trended down in similar ways allowing us to time our cuts with the US. Trade war has thrown that somewhat out of whack so they might be tempted to make a small cut before the US.
 
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