Teflon Tom (blue tick)
@Agrizzi8
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South African. Non-aligned. Sometimes sarcastic, sometimes flawed, always my own.
Joined February 2019
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Loadshedding is a daily reminder of how great the NHI is going to be
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When did R1mil become entry level for a new car in SA?
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Just got off the phone from a major financial institution in London. They wanted to know why South Africa has chosen to commit economic suicide?
I didn't have a good answer for them..
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I've read the Moody's report. Cutting through all the jargon they're basically saying that Cyril has not introduced any "step-change" policy reforms to stop SA's slow slide into a socialist hell.
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Good idea. I think you can lead by example by destroying your laptop and cell phone, which both contain a number of key components developed or produced in Israel.
.
@WOOLWORTHS_SA
Do you stock products from Israel? If so, any intention to remove them immediately?
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I guess taxi bosses don't own any wine farms
“SA is the only wine-producing country with an export ban in the midst of the Covid-19 lockdown. In the event of a prolonged lockdown, up to 40% of the annual R 9 billion export value could be lost which will result in bankrupcies and significant job losses”
@michaelfridjhon
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"..cryptocurrencies tap into the ignorance, desperate faith in technical solutionism and political resentment of the public and weaponize it for the aims of these libertarian private money charlatans to engorge themselves"
Read of the year (so far).
This is the most basic argument against crypto that I tell all the people who call me. The tech doesn't work, and the fundamental idea is ahistorical and flawed. Writing it down so I don't have to repeat myself all the time.
The Case Against Crypto
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Stunning that R100's billions were spent on Medupi and Kusile with no increase in capacity. Must be some kind of world record..
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Investec's new mobile banking app is much worse than the old one. Why do corporates insist on "fixing" things that aren't broken?
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SA REITs in a nutshell:
We care about the environment ('cause solar panels you know), spend plenty on consultants and first class flights to our European investments.
For "retention", we pay our executives handsomely.
Unfortunately this leaves nothing for the shareholders.
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@benpooler
@MaxduPreez
Plenty of EFF and ANC heavyweights get a cut out of the illicit tobacco trade. That part is well understood. I have now heard similar rumours regarding liquor. The ANC's insistence that bottle store owners are not allowed to move stock to more secure locations is very suspicious
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Thungela is rapidly becoming the biggest holding in my portfolio, purely through its ridiculous growth. Up another cool 11% today on the back of a very pleasing trading update.
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95% of shareholders vote AGAINST Rebosis remuneration policy - that's got to be some kind of record!
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@ThuliMadonsela3
You make statements like "disdain for life" and "impunity" as if they were fact. Which they are not. Ongoing conflicts in Darfur, Eritrea, DRC and Yemen are far worse on this front. Why don't you just call for Hamas to surrender? That's the easiest way to end the killing.
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@DoreenMorris
@UNRWA
Much easier to send your money to Al Quds foundation. They have offices in SA and are registered as a NPO (don't pay pesky taxes). After taking 80% cut for their leaders in Qatar, they'll send your money straight to Hamas for you.
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Life expectancy was also 28 and most people worked 7 days a week to eke out a meagre life of abject poverty.
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@MaxduPreez
@RediTlhabi
Those are controlled detonations of military facilities with no casualties. You're proving yourself wrong. Check your bias.
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The lockdown is working. I didn't see a single dog or jogger in that clip.
#COVID19SOUTHAFRICA
From the frontline:
"Lock-down?
"What lock-down?" say members of the community of Du Noon, in Cape Town.
Life on the streets is busy, on this sunny Autumn day.
@News24
(
@NoSurrenderRSA
)
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Ebrahim Patel: I'll show how to destroy an economy.
Eskom: hold my beer!
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Will these smart cities have electricity?
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Australia is a nanny state AND Novak is acting like an elite, entitled prick.
Remember both can be true at the same time.
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If you liked bullying, you were probably the bully.
This is not 'politically correct' but it's true.
I went to boarding school for 7 years and we ALL 'bullied' each other. All came out strong minded and socially calibrated. And we all know what gender we are.
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Spot thermal coal now $410.
I think I'll profit take on TGA tomorrow a bit. Maybe time for a new car..
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@Jonathan_Witt
Everybody I know that used to have "Yuppie Flu" now has "Long Covid".
Probably just coincidence.
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Redefine - you have to wade through 10 pages of ESG nonsense in the presentation to establish that the core income continues to go backwards.
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@Derek_Hanekom
@RediTlhabi
It's gone too far Derek, you can't lie amongst the dogs and continue to argue that you have no fleas
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Collecting a prescription at Clicks is truly the seventh circle of hell. Need to look into shorting these guys again.
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Auditors have completely lost their relevance. I'm not aware of any major corporate fraud that they uncovered (and there have been many), before it was too late.
The audit giant was at the scene of a R12bn fraud at Tongaat Hulett. This week it settled the case for R260m, admitting no liability, writes
@robrose_za
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And so the sweet smell of generator fumes fills the air again like in all socialist paradises.
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50MW from a reactor the size of a truck.
Sprinkle a few hundred of these across the country and we're sorted.
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@MaxduPreez
Attacking the Jews' God is a new low for you, Max. Maybe time to check your bias on this issue.
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@BenjaminACronin
Nobody said. What they're pointing out is that the ANC had massive financial problems and as recently as mid October took on a relatively neutral stance in the Middle East. Suddenly, they've gone full Hamasnik and their financial problems are solved. Amazing coincidence.
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So the lockdown is extended by 2 weeks, possibly to September, the entire winter season build up is probably lost and TFG is up 5.5%? I give up, I'm buying Tesla shares!
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@Richard_Spoor
Nonsense. He's been saying this from the start. Israel don't want Gaza and want the Arab tribes to take responsibility. They just don't want a foreign proxy like Hamas or PLO to be in control.
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SAA's collapse was a disaster, but we managed.
Post office's collapse was a disaster, but we managed.
Transnet's collapse was a disaster, but we managed.
Eskom's collapse is a disaster, but we WON'T manage.
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It's called the JSE listed property sector (just kidding, only about half are scams).
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The DA is leaving all parties in this country in the dust and a lot of commentators are more worried about something Helen tweeted 5 years ago.
WATCH: 🍿 The ANC in Cape Town tried to claim they represent the poor. 🙄 They got answered.
In Cape Town, we are doing everything in our power to protect residents from every failure they’ve inflicted on our country!
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Transport MEC crashing her R2mil luxury sedan on the potholes she's responsible for. Is this what they call karma?
KZN Transport MEC Peggy Nkonyeni in hospital due to car crash caused by potholes
ngesiZulu kuthiwa "umkhonto ugwaze ekhaya"
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Last year some 50,000 people died of TB in South Africa. A disease that can and has virtually been irradicated in most of the world.
Corona will kill far fewer, yet the ANC let's TB rage.
This year the TB deaths will be far higher, as treatment campaigns have been abandoned.
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Clicks is truly the perpetually overvalued retail stock in SA.
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If you thought the ANC wasn't going to use the cover of Corona to double down on their looting, you still don't know what you're dealing with
Outrage over Gauteng’s 24-hour, R30m express tender via
@City_Press
.. ComradesInCorruption gave service providers 2hrs to submit quotations, then their bosom friend company submitted over 100 pages & won the tender. Predetermined transaction no doubt.
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Tip of the day: don't listen to anybody that casually uses the word "fiat" and he's not referring to a car.
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The next environmental crisis will involve the disposal of used EV batteries.
Bookmark this tweet.
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The army has been deployed to arrest anybody walking their dog and people are applauding. Let that sink in.
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We've been in an Eskom-induced economic meltdown for almost a week and not a squeek from Cyril or her eminence, the minister of disasters (NDZ).
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Vukile is happy to issue shares at a 35% discount to NAV.
Either they don't believe their own NAV or they slept through financial management 101. Blowing capital on average malls in Alexandria and then diluting the shareholders!
I thought the bookbuilds in the property sector were over? Must be another couple of fools out there.
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And Curro is basically Growthpoint with desks..
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Like I said before, "AI" is the new "crypto".
Be careful out there.
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From the founders of the dodgy Ascendis, comes another dodgy aggregation of companies, Bounty Brands. This time they stripped the PIC directly instead of going through all the trouble of listing.
In May 2018 Lawrence Mulaudzi’s company got a R47.5m fee for a R1.37bn UIF/
#PIC
deal. The next day, he transferred R5.9m to transfer attorneys for
#ZweliMkhize
trust’s new Joburg townhouse. Latest
@dailymaverick
Scorpio investigation
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The JSE is dying
Interestingly, the monthly trade turnover of the
#JSE
reached its lowest levels in USD in ten years last month (January 2024). Furthermore, one can observe that the 12-month average trend is still very much downward and extremely concerning.
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So NDZ says that you can exercise between 6:00 and 9:00 (presumably to concentrate as many people at the same time as possible)
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The autocratic government of Kazakhstan lured Bitcoin miners with the promise of cheap energy. Then they strained the grid, which resulted in blackouts, rising prices and now the collapse of the government. Bitcoin has found a use case!
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@MagnusHeystek
Listed property in SA has some of the worst corporate corruption and most self-serving management on the JSE. Not necessarily correlated with the underlying commercial property market.
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Relax people. Sisulu was going to steal that R1 billion one way or another anyway.
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Who gave you that Rolex?
Frivolous motion of no confidence is defeated good morning South Africa.
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