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Noobly

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  1. Een van die vyf vermeende bomme wat vandeesweek na kritici van Donald Trump gestuur is, was bestem vir die nuusnetwerk CNN. In sy reaksie hierop het die hoof van CNN Worldwide onomwonde die vinger gewys na die antijoernalistieke klimaat wat deur die Trump-administrasie geskep is: “Daar is ’n totale gebrek aan begrip by die Withuis oor hul volgehoue aanvalle op die media. Die President, en veral die Withuis se perswoordvoerder, moet weet dat hul woorde saakmaak. Tot dusver het hulle geen begrip daarvoor getoon nie.” Dit is in baie plekke in die wêreld ’n besonder gevaarlike tyd om ’n joernalis te wees. Verlede jaar is ’n rekordgetal joernaliste wêreldwyd in hegtenis geneem. Slegs enkele dae gelede het die verdwyning van die Saoedi-Arabiese joernalis Jamal Khashoggi uit dié land se ambassade in Istanbul wêreldwyd opslae gemaak. Daar word nou allerweë aanvaar dat Khashoggi, ’n prominente kritikus van die Saoedi-Arabiese regering, vermoor is. Hoewel die Saoedi-Arabiese regering aanvanklik enige kennis van die voorval ontken het, het ’n Saoedi-amptenaar beweer dat Khashoggi in ’n vuisgeveg in die konsulaat dood is. Sy liggaam is egter steeds nie gevind nie. Turkye se rekord ten opsigte van persvryheid is self beroerd. Volgens die Committee to Protect Journalists (CPJ) is dié land onder bewind van president Recep Tayyip Erdoğan die land ter wêreld waar die meeste joernaliste in hegtenis geneem word, met China en Egipte op sy hakke. Op ander plekke in Europa gaan dit ook sleg: Die ondersoekende joernalis Daphne Caruana Galizia is verlede Oktober in Malta deur middel van ’n motorbom vermoor, en die teregstellingstyl-moord in Februarie vanjaar op die Slowaakse antikorrupsiejoernalis Jan Kuciak en sy verloofde, Martina Kusnirova, het kommer laat ontstaan dat ’n klimaat van onstrafbaarheid (“impunity”) besig is om op die *bad word* please do not do that inent pos te vat. In die VSA, wat dikwels daarop roem dat hy die bastion van Westerse demokrasie is, kan ’n duidelike tendens van “sluipende outoritarisme” bemerk word, wat vererger word deur die verspreiding van mis- en disinformasie. Hoe lyk die situasie nader aan die huis? Die nieregeringsorganisasie Media Institute of Southern Africa (Misa) het pas hul verslag oor mediavryheid in Suider-Afrika vrygestel. Dit skets nie ’n mooi prentjie nie. Die streek word opgesom as “’n landskap waar die geleidelike en subtiele ondermyning van vryheid van spraak vererger word deur enersyds die media se stryd om ekonomiese oorlewing en andersyds die media se relevansie vir burgers wat alte geredelik hulself van die media distansieer en die kritiese rol daarvan om magshebbers tot verantwoording te roep, geringskat”. ’n Algemene tendens van demokratiese agteruitgang in die streek word bemerk. Van die lande wat in die studie ingesluit is, word Tanzanië en Zambië uitgesonder as lande waarin demokrasie sterk agteruitgegaan het. Voorvalle in Zambië sluit in ’n bomaanval op ’n media-instelling in privaatbesit en die afkondiging van ’n noodtoestand nadat openbare instellings onder brandstigting deurgeloop het. Onder Tanzanië se president John Magufuli is daar al hoe minder ruimte vir kritiek op dié land se regering, en verskeie opposisiepolitici en joernaliste is as dood, vermis of in hegtenis aangemeld. Hoewel die internet dikwels gesien word as ’n uitweg waar amptelike sensuur of regeringsinmenging omseil kan word, duur die tendens voort dat Afrika-regerings die internet blokkeer. In 2017 is twaalf voorvalle in nege lande in die streek van opsetlike onderbrekings van internet- of selfoonnetwerke opgeteken. ’n Verwante probleem is die daarstelling van wette wat aanlyn inhoud reguleer. Volgens Misa word hierdie wette dikwels voorgehou as beskerming van burgers se regte, maar in werklikheid bedreig of kriminaliseer sulke swakgeformuleerde wette meer dikwels burgers se vryheid van spraak. Die registrasie van blogs en aanlyn forums wat volgens voorgestelde nuwe regulasies in Tanzanië vereis sal word, hou die risiko in van verdere druk op vryheid van spraak in dié land. Die voorgestelde Suid-Afrikaanse wetsontwerp op kubermisdade en -veiligheid wek ook kommer dat, sou sulke regulasies ingestel word, dit vryheid van spraak kan onderdruk en groter moontlikhede bied vir monitering van burgers se kommunikasie deur die staat. Pogings tot groter beheer oor die kuberruim is ook merkbaar in Zimbabwe en Namibië, waar aktiviste beswaar teen soortgelyke wetsontwerpe aangeteken het. Wat Suid-Afrika spesifiek betref, is daar ook rede vir kommer. Ten spyte van ’n Grondwet wat vryheid van spraak waarborg, word daar in die verslag opgemerk dat die organisasie Freedom House se klassifikasie van Suid-Afrika se vlak van mediavryheid afgeneem het van “vry” na “gedeeltelik vry”. Hoewel die kriteria onderliggend aan sulke klassifikasies soms bevraagteken word, het die Wêreldvereniging van Koerante en Koerantuitgewers (WAN-IFRA) ook aangedui dat die toestande in die land minder bevorderlik raak vir mediavryheid. Dit is deels te wyte aan die Suid-Afrikaanse regering se oorweging van strenger maatreëls om die media te beheer, byvoorbeeld die voorgestelde Media-appèl-tribunaal, asook ’n klimaat van onverdraagsaamheid teenoor kritiek in die algemeen. Die alomteenwoordigheid van korrupsie en staatskaping, asook die groeiende voorkoms van fopnuus en misinformasie op sosiale media, dra tot hierdie negatiewe oordeel by. Die jaar 2017 in Suid-Afrika is voorts gekenmerk deur aanvalle deur polisielede op joernaliste wat protesoptogte dek, asook die obstruksie van joernaliste en fotograwe op misdaadtonele. Dreigemente teenoor joernaliste, diefstal van toerusting asook die opsetlike verdoeseling van inligting deur regeringsamptenare en sakelui tydens joernalistieke ondersoeke word verder genoem as bydraende faktore wat die algemene klimaat van mediavryheid in die land laat verswak het. Die beklemmende ekonomiese omstandighede vir die media in die land is ’n verdere probleem. WAN-IFRA het hul kommer uitgespreek oor wat beskryf word as die langsame “versmoring” van onafhanklike en kritiese media deur onttrekking van, of onduidelikheid rondom, advertensiebesteding deur die regering se inligting- en kommunikasiediens (GCIS). Dalende sirkulasie van die drukmedia is ’n volgehoue tendens. Bogenoemde negatiewe kwessies nieteenstaande, merk die verslag ook op dat daar in 2017 verskeie positiewe ontwikkelinge op die Suid-Afrikaanse mediafront was. Hieronder tel die oopvlekking van staatskaping, ’n ondersoek deur ’n parlementêre komitee na wanbestuur by die SABC, asook volgehoue goeie werk wat deur die Persraad en –Ombudsman verrig is. Hoewel aanvalle op joernaliste in Suidelike Afrika oor die algemeen afgeneem het in 2017, blyk dit dat die aanvalle wel in brutaliteit toegeneem het. Joernaliste in Suid-Afrika was ook nie gevrywaar van druk en intimidasie nie. Die verslag maak veral melding van die dood van Suna Venter as gevolg van trauma wat sy ervaar het as deel van die “SABC 8” wat hulle teen redaksionele inmenging by die uitsaaier verset het. Haar stresdood het gevolg op doodsdreigemente, aanranding, saakbeskadiging en inbrake wat sy moes deurstaan. Die interdik wat die Suid-Afrikaanse Nasionale Redakteursforum (SANEF) teen die lede van die Black First Land First-aktiviste verkry het ná hul aanvalle op en dreigemente teen joernaliste van Business Day en AmaBhungane word ook vermeld. Die verslag se afdeling oor Suid-Afrika eindig op ’n hoopvolle noot – die bedanking van die voormalige president Jacob Zuma en sy opvolging deur pres Cyril Ramaphosa. Laasgenoemde word gesien as “beter ingestel” op die voordele van ’n oop samelewing en die onwenslikheid van strenger beheer oor die media. Source Litnet.co.za
  2. The president says the aim is to build a county driven by enterprise and innovation, and develop an economy that is diverse, resistant and prosperous’ Local and international companies will announce various investment strategies for SA over the course of the inaugural investment conference on Friday, President Cyril Ramaphosa has said. “With your presence here, you have chosen to walk along the path for growth, job creation and prosperity for the people in this country,” Ramaphosa told the more than 1,000 delegates at the opening of the event, adding that SA’s potential has been constrained in recent years. “Our task to move our country forward is to build a social compact, to build our country and move our economy forward. [To] build a county driven by enterprise and innovation, to develop an economy that is diverse and resistant as well as prosperous,” he said. “The history of injustice, which has seen the continued exclusion of millions of South Africans, particularly as it relates to skills and the ownership of assets, is the single greatest impediment to the development of our society.” He said economic growth and job creation are at the centre of SA’s national agenda. This will move forward through the “ambitious and unprecedented drive” to raise at least $100bn over five years that was announced in April. “We did so knowing no meaningful growth and job creation would be done without a massive surge in investment in our economy,” he said. “Today a number of local and international companies will be coming forward to make announcements on investments they want to make to expand and invest in our economy.” He said that SA has also received investment pledges from a number of other countries. “In furtherance of this commitment, I call upon South African companies to engage with the investment envoys, to engage on their investment plans, including capital expenditure,” said Ramaphosa. Over the course of the day, Ramaphosa said a number of pertinent issues will be raised, including policy uncertainty and regulatory obstacles investors have identified. He said the government has been working with the World Bank to ease the process of doing business and creating a new foreign direct investment strategy for the country. “We will reduce timelines, for investments to be affected with greater speed,” he said. He said the government will also confront challenges in some of the largest state-owned enterprises (SOEs) that have experienced years of decline in governance, financial performance and have been eroded by corruption. “The private sector plays the biggest role. Where we have played the role as the state, many of our own companies have faltered and stumbled along the way. It is essential that those companies be restored as drivers in the economy,” he said. Touching on land reform, which has been a concern for investment, Ramaphosa said there is general agreement among most South Africans that it needed to be accelerated “not only to address the historical injustice perpetrated against the majority of our people, [but] … to effectively unlock the economic potential of our land”. He said the government is providing certainty to those who own land, who need land and those looking to invest in SA’s economy. “Our constitution should allay any fears that their factories will be expropriated. That shall not happen. Your investment will be protected.” source: businesslive
  3. I have the Alta and it lasts about 6 days for me.
  4. This decrease does seem like a waste of time, but I am hoping it marks a turning point.
  5. New data from the Central Energy Fund shows that the petrol price is set to drop by 3c in November. The possible decrease is attributed to a strengthening rand and a decrease in Brent crude oil prices. South Africa’s petrol price jumped to a record-breaking R17.08 in October; this would be the first decrease in eight months. The South African petrol price is set to drop by 3c per litre in November, the first drop in eight months, new data from the Central Energy Fund (CEF) shows. But the news is not all good: the diesel price is set for a massive 35c per litre hike. The possible decrease in the petrol price is attributed to a strengthening rand, and the global decrease in Brent crude oil prices, data from the CEF released on Wednesday shows. The CEF is a state-owned entity mandated to manage PetroSA and Strategic Fuel Fund (SFF) to secure South Africa’s national energy security. Hugo Pienaar, senior economist at the Bureau for Economic Research at Stellenbosch University, said things are looking increasingly promising for consumers in South Africa. “It is not only that the rand, on average, performed stronger against the US dollar, but the oil price also fell sharply from around $86 a barrel in early October, to around $76 today,” Pienaar told Business Insider South Africa. He said the petrol price may decrease slightly or remain the same as October prices when a formal determination is made. The local petrol price jumped to a record-breaking R17.08 inland in October, and R16.49 at the cost. “I think the most important point is that the price [of petrol] will stay roughly the same, which in itself is positive after the sharp increases,” said Pienaar. President Cyril Ramaphosa set up an inter-ministerial committee in July to investigate possible interventions the state can make to lessen the effect of petrol price hikes on South Africans. The initial report was set to be completed by September, but has now been postponed to the end of November, energy minister Jeff Radebe said this week. Source: Business Insider
  6. President Cyril Ramaphosa has suspended the NPA's Nomgcobo Jiba and Lawrence Mrwebi pending the outcome of an inquiry into their fitness for office. Jiba is the Deputy National Director of Public Prosecutions and Mrwebi the Special Director of Public Prosecutions. The announcement was made on Thursday afternoon. The inquiry will be led by former justice of the Constitutional Court Yvonne Mokgoro. In a letter to Jiba and Mrwebi Ramaphosa said: "I have taken into account the serious nature of allegations that you are unfit to be in so high an office, where the work of our criminal justice system is central to the critical and pressing matter of all prosecutions, especially prosecution of corruption cases and safeguard of our public purse. "You hold a senior position with influence over a large swathe of the NPA. It is the interest of the NPA’s image as a whole that I consider here, and of the integrity of an enquiry (sic) that must result in the clearest and most convincing conclusions about the integrity, and sound leadership of the NPA." *This is a developing story. Source: news24
  7. I cannot find the twitter account of Anthony Clark anymore?
  8. South Africa’s rand is most vulnerable to the rise in U.S. Treasury rates among its emerging-market peers, according to Morgan Stanley, which predicts further weakness for the battered currency as the country’s finances deteriorate. The rand may decline about 6 percent to 15.50 per dollar in the run-up to the medium-term budget statement on Oct. 24, Morgan Stanley strategists including Min Dai wrote in a report. Investors will watch the budget update for signs of fiscal slippage as sluggish economic growth curbs tax revenue. “We remain convinced that South Africa will underperform into the medium-term budget update,” the strategists said. With foreign investors holding about 40 percent of the government’s rand-denominated bonds, “we believe that South Africa is the most vulnerable country in the current environment,” they wrote. The rand slumped 2 percent on Wednesday as 10-year U.S. Treasury yields climbed to the highest level since 2011, attracting money to the dollar and damping appetite for riskier assets. The currency extended its decline on Thursday, weakening 0.5 percent to 14.7190 per dollar by 2:37 p.m. in Johannesburg. The probability of the rand hitting 15.50 by Oct. 24 is 25 percent, according to Bloomberg’s forecast model. Foreign investors have sold a net 55.7 billion rand ($3.8 billion) of South African bonds this year, according to JSE data, with the sell-off gathering momentum since the beginning of the second quarter. Source: Bloomberg
  9. Government has thrown its weight behind renewable energy in the new integrated resources plan (IRP). Minister of Energy Jeff Radebe on Monday gazetted the long-awaited IRP. Radebe had met with the National Economic Development and Labour Council (Nedlac) on Friday to finalise the IRP. The policy outlines South Africa’s electricity plan given the demand outlook up to 2030, Radebe explained. The plan will see no increase in use of nuclear energy up until the year 2030, Radebe confirmed. There will be detailed technical analysis to see how much may be needed post 2030- up until 2050, he said. “Up until 2030 there is no envisaged increase.” During the briefing Radebe explained that electricity demand on the grid has been declining on an annual basis. “For the financial year ending March 2018 the actual total electricity consumed is about 30% less than what was projected in IRP 2010,” said Radebe. Further Eskom’s existing generation plant performance is not at expected levels. Plant availability is below the IRP 2010 assumptions of 80% and above, the minister said. The new IRP has taken into account the changing electricity demand and technology costs have been updated, and considerations were made on the constraints to renewables. The recommended plan uses the least cost plan as a starting point, without constraints to renewable energy, Radebe said. It includes coal, hydro power, existing PV (photovoltaic), wind and gas. Additional capacity up until 2030 is 1 000 MW from coal, 2 500 MW from hydro, 5 670 MW from PV, 8 100 MW from wind and 8 100 MW from gas. This brings the total installed capacity by 2030 to 34 000 MW coal (or 46% of total installed capacity), 1 860 MW nuclear (or 2.5%), 4 696 MW hydro (or 6%), 2 912 MW pump storage (or 4%), 7 958 MW PV (10%), 11 442 MW wind (15%), 600 MW concentrated solar power (1%) and 11 930 MW gas (16%). Radebe said that although coal installed capacity will be lower than the current installed base, it will still contribute 65% of energy volumes. Nuclear will only contribute about 4%. Responding to questions about the impact the IRP will have on the coal sector particularly jobs, Radebe said that the department has prepared a document for stakeholders “dealing with issues for a just transition”, as the plan is focused on renewable energy. The public has 60 days to comment on the IRP. Source: fin24
  10. Johannesburg - A senior official from South Africa's Directorate for Priority Crime Investigation (DPCI) tried to quash former finance minister Mcebisi Jonas' case against the Gupta family, the commission of inquiry into state capture heard on Friday. Jonas said he received a call from the DPCI, more commonly known as the Hawks after he released a media statement detailing his meeting with Ajay Gupta, Duduzane Zuma and Fana Hlongwane where Ajay allegedly offered him a R600 million bribe to accept a promotion to finance minister. Jonas said he was with his attorney Max Boqwana at the meeting with the Hawks' major general Zinhle Mnonopi Mnonopi told him the case was a ''DA matter'', referring to o pposition party Democratic Alliance and inferring that the complaint was the anti-ANC-led government. ''She said this is a DA matter...you do not want to be on the side of the DA. There is no case so we will kill this case,'' said Jonas. According to the former deputy minister, Mnonopi wanted him to sign a statement that the case would be quashed because Jonas did not have the evidence, did not open a case with the police, and was not prepared to do so in future. Jonas said he refused to sign the letter and later sent the Hawks a legal statement on the details of his complaint against the Guptas. Earlier during proceedings, Jonas claimed fugitive Ajay Gupta threatened to kill him if he revealed information about his meeting with the Guptas. Jonas described the full details of the October 2015 meeting at the Gupta family's Saxonwold compound in Johannesburg. He said he had been requested by former president Jacob Zuma's son Duduzane to a meeting, without being given the details. Duduzane then suggested the two go and talk somewhere private and the venue turned out to be the Gupta compound. Businessman Fana Hlongwane joined them first before Ajay Gupta later walked into the room. ''He did not greet (me) and just started talking like a radio. He said the old man [Jacob Zuma] likes me," Jonas told the inquiry. "Duduzane and Hlongwane remained quiet as if they did not exist. Mr Gupta told me they have intelligence on me, and that I work with Gwede Mantashe [then secretary general of the ruling ANC party] and Zweli Mkhize [former ANC treasurer] and that was not good because they were not good...they were bad guys." "He said they called me to that meeting to check me out since the old man likes me so much," Jonas added. Gupta then told him that Nhlanhla Nene would be fired as finance minister and Jonas would get the post if he agreed. Gupta offered him R600 million to ''stash away in any account'' or bank in Dubai. Jonas said he was offered a pre-payment of R600 000 on the spot by Gupta as he stood up to leave for a flight to Cape Town, but said he did not want the money. As he walked out, Gupta followed, asking him: "'Do you know who you are dealing with? You think this is illegal? It is legal...look at the moment, we make R6 billion from state companies, we want to grow it to R8 billion. Treasury is a stumbling block to our growth.'' Ajay boasted that the Gupta family worked with former Eskom boss Brian Molefe and former public enterprises minister Lynne Brown and had made both ''very rich.'' He then allegedly threatened Jonas against reporting the meeting. ''This meeting did not happen hey...you say anything to anyone if you suggest (this) meeting occurred, we will kill you,'' Gupta allegedly told Jonas. Source: OL
  11. That sucks... I hope all is still well (I have a large holding in them.)
  12. 1. At a media briefing last night, the US State Department commented on US President Donald Trump’s concerns on land expropriation, expressed in a tweet yesterday. “The expropriation of land without compensation ... would risk sending South Africa down the wrong path. We continue to encourage a peaceful and transparent public debate about what we consider to be a very important issue,” State Department spokesperson Heather Nauert said during the briefing. A journalist asked if the US government believed the South African policy appeared to be similar to the land grabs that had taken place in Zimbabwe. Nauert said the situations between the two countries were quite different. "It may be easy for some to try to draw a comparison, but there are very big differences. In Zimbabwe, we saw the government there squash civil society, shut down the media from doing their jobs in reporting and destroy an independent judiciary and we have not seen that happen in South Africa, so I think they are different situations altogether." The rand continues to take strain following the tweet, and was trading at R14.38/$ this morning. Trump's tweet drew harsh criticism from South African citizens and institutions alike, with the South African government claiming that Trump’s tweet sought to “divide our nation and reminds us of our colonial past”. Meanwhile, Trump warned that if he was impeached, the stock market would plummet. "I don’t know how you can impeach somebody who’s done a great job," Trump said in an interview. "I’ll tell you what, if I ever got impeached, I think the market would crash. I think everybody would be very poor. Because without this thinking you would see numbers that you wouldn’t believe, in reverse." 2. Former deputy finance minister Mcebisi Jonas will take the stand today when the commission of inquiry into state capture resumes. 3. Woolworths reported a depressing set of results yesterday, which showed the negative impact of the company’s Australian ventures. It had to write off billions at its struggling Australian chain David Jones, contributing to a decline of almost 18% in its headline earnings. 4. Massmart, owner of Makro and Game, also saw its interim profit decline as South African households struggle to afford big-ticket items. “One of the economic realities of this consumer pressure is that people only have money for about three to five days of the month when they get paid,” Massmart CEO Guy Hayward told Reuters. Sales grew by less than 2%. 5. But Discovery is still seeing growth: its share price rallied late yesterday after it announced that its headline earnings for the past year should be up to 35% higher.
  13. I also switched to Telkom from vodacom. Had a 40Mbps VDSL line and cut that back to 10Mbps so saving some cash there as well and then went from uncapped to capped. A big difference came by switching banks a year ago from Nedbank to capitec, seems me and James had the same ideas regarding phone bill and banks. Now all my money is being put into my TFSA, Tax-free savings accounts are probably the best-kept secret for building wealth. I doubt there's a better long-term savings option out there.
  14. Just me or does 2018 look like a terrible year for South Africa, actually since 2016 our JSE seems to be slaughtered.
  15. I don't see DGH on easyequities? EDIT: Sorry my mistake, EasyE defaults to a TOP40 view and not ALL Shares. I found them now - https://platform.easyequities.co.za/Equity/Details?ContractCode=EQU.ZA.DGH
  16. I am liking Distell, from what I read they are Amarula, 4th street, klipdrift etc. I can buy that, those are strong brands and SA loves them some alcohol.
  17. Steinhoff up 30% -- The greedy person in me is yelling buy this now they still have quality companies.
  18. This is really cool! I liked the one on how to buy a house: https://napkinfinance.com/napkin/mortgages/
  19. Well, this is a disaster... Link to tweet: https://twitter.com/SimonPB/status/1014033759358930944 PEM yearend is December, so results due end March .. 10 April they report some 'minor issues' and say results out by end April .. 2 May they promise trading update by 15 May and results soon after .. As of today, zip, nada, zero results .. Share is currently suspended #JSE
  20. I own it, been my best stock to date.
  21. This does not look good. Capitec being investigated after all. Link to tweet: https://twitter.com/viceroyresearch/status/1014049698074615809
  22. We need someone to make us a 6-month graph, to see how our picks went, volunteers?
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