The DStv myth

Asgard85 said:
The article was poorly conceived.
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After reading the whole thread last night I have a lot more perspective. Shoddy articles are one thing. Fictional ones that misquote a "source" without their permission are another. And then the worst part for me is not a peep about it and just continuing as if they fixed a spelling error. This was the concern way back when the site became commercial.
 
Swa said:
After reading the whole thread last night I have a lot more perspective. Shoddy articles are one thing. Fictional ones that misquote a "source" without their permission are another. And then the worst part for me is not a peep about it and just continuing as if they fixed a spelling error. This was the concern way back when the site became commercial.
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Yeah, that they got the idea that any of this (from the article to the mishandling thereafter) was a good plan boggles the mind.
 
Swa said:
After reading the whole thread last night I have a lot more perspective. Shoddy articles are one thing. Fictional ones that misquote a "source" without their permission are another. And then the worst part for me is not a peep about it and just continuing as if they fixed a spelling error. This was the concern way back when the site became commercial.
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grammerly.com works in mysterious ways :unsure:
 
DavidKop said:
I am still here to make sure no more misquoting
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Cool, if you see Niclas Ekdahl at the water cooler could you remind him that he' running out of time for this:
tinyurl.com

DStv without a decoder planned for 2020

MultiChoice will soon start testing DStv Now as a standalone service.
tinyurl.com tinyurl.com
"He also confirmed that the launch of a standalone DStv Now platform is expected before the end of March 2020, after external testing is done."

Thanks!
 
TheLuckmeister said:
Cool, if you see Niclas Ekdahl at the water cooler could you remind him that he' running out of time for this:
tinyurl.com

DStv without a decoder planned for 2020

MultiChoice will soon start testing DStv Now as a standalone service.
tinyurl.com tinyurl.com
"He also confirmed that the launch of a standalone DStv Now platform is expected before the end of March 2020, after external testing is done."

Thanks!
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LOL, as if David Kop works for multichoice :rolleyes:
 
DavidKop said:
I was not consulted on this peice mybb took another article i wrote and quoted out of context. The client was not financially distressed and could easilty afford both options. Part of looking at a budget is looking at potential cuts to use else where. In this case based on the persons circumstances, it was not neccesary to cut. That is acdtually the aricle i wrote. One must be careful to follow general advice without considering personal circumstances.
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@DavidKop thank you for clarifying that. As you can appreciate the piece MyBB posted is very misleading and in light of your clarification I would like to retract my statement re you chosen occupation.
 
^^vampire^^ said:
I've reported this post.

I'm actually disgusted that MyBB has gone so far as to back the idea that spending on non essentials when in financial distress is a good idea. MyBB has come up with some wild ideas and some questionable content and articles for advertising but this one crosses the line. Someone that can't keep their finances in order already has worsening problems in life and now MyBB are willing to support spending frivalously in order for them to make some content revenue.

We all gave MyBB stick when they started posting adverts when they always said they would but they are now accepting money in return for posting content that is morally wrong.
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Worse than that, if I understand a response from the expert quoted in the article correctly he does not condone such actions.
 
Antono said:
Worse than that, if I understand a response from the expert quoted in the article correctly he does not condone such actions.
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Makes one wonder how many of these experts, analysts or otherwise articles was just bs with a slapped on name:sick:
 
Nemoneiros said:
Makes one wonder how many of these experts, analysts or otherwise articles was just bs with a slapped on name:sick:
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If they claim an expert said X... generally its bollocks, as evidenced by calling NWU academics experts in that article around Eskom and pensions.
 
ToxicBunny said:
If they claim an expert said X... generally its bollocks, as evidenced by calling NWU academics experts in that article around Eskom and pensions.
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And with the interconnected generation's inability to unhive mind themselves it is a good playground driving made up realizing preferred outcomes.
 
DStv Myth – Response

MyBroadband recently wrote an article titled “The DStv Myth” which looked at the reasons why cancelling DStv is not always an option for people who want to save money.

This followed news that MultiChoice will increase its DStv Premium and Compact Plus subscription fees on 1 April 2020.

With a struggling economy and consumers under pressure, it surprised many people that MultiChoice increased its prices.

This raised the question: Why does MultiChoice feel confident to increase prices when it is losing DStv Premium subscribers and when consumers are struggling to make ends meet?

We found an article from David Kop in Finweek titled “As a rule of thumb” with a subsection which explained the scenario below:

DStv Myth
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A common budgeting tool is to cut luxuries, and one that comes up first is DStv subscriptions. In one consultation when doing a client’s budget, I had this exact discussion.

“Hey, if you need to free up some money, cut the DStv.” I could see my client immediately became disconnected, and so I probed deeper.

It turns out he was a massive sports fan and had to ensure that he watched his team playing live. So, if he cuts his DStv, he would go to a venue or a pub to watch the live game and be tempted to spend on food and drink. Although I saw DStv as a luxury, to him it was his essential entertainment and actually saved him money.
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We felt this explained the scenario well for many sport-loving South Africans and also potentially explained in part why MultiChoice felt comfortable to increase prices.

MyBroadband subsequently wrote an article using this part of David Kop’s article, but mistakenly assumed his client referenced was in financial distress – and that it was a recent consultation.

We were alerted by Kop that the client was not in financial distress and that the consultation took place years ago.

He added that the intention of the article was to highlight the fact that financial decisions should be considered based on a person’s personal circumstances and one should not blindly follow general advice.

MyBroadband subsequently amended the article to remove all reference to Kop’s comments as requested.

It was certainly not our intention to misrepresent any information or put Kop in a difficult position, and we apologise to Kop for the wrongful assumptions about the original article.

We have also agreed to publish a statement by Kop on the matter. This is published below:

The real pity here is that the journalist from MyBroadband did either not read the article published in collective insights or did not understand it. The journalist in fact committed the very sin that I was trying to warn about in the article – when it comes to financial decisions it is a very personal choice and should be based on a person’s personal circumstances and thus you should be wary about following general advice or a rule of thumb.

The story I used about a DStv subscription was an example that I used to illustrate this point. As a financial professional, when doing a budget exercise I would ask the questions around all expenses. The example was to illustrate that without understanding a person’s needs we may just recommend to cut an expense based on a rule of thumb.

The reality is that before cutting any budget item you should examine the consequences of that decision based on your personal circumstances. In the example I used, it was not that a person was in financial distress, but rather a case of me trying to be clever (this was many years ago when I was new to financial advice).

The point of that story was that if I had rather explored my client’s needs, instead of quoting some general statement, I would better have understood that client’s needs and been able to give better advice.

I myself no longer give advice, but I hope that any advisers or consumers out there could learn from my past experience.
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