Apolitical Activism

By Christiaan van Huyssteen (@cvh23)

A message to ‘activists’.

Politics is in essence coercion.

Everything in our country is politicised. Virtually all government policies are made and executed to satisfy some political agenda. Our education system is politicised. All our universities have small groups of agitators who believe they know what is best for all. These people are mostly well-meaning people, with sincere intentions, although some of them come across as lacking a social conscience.

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The Nature Of Protests In Hong Kong

By Christiaan van Huyssteen (@cvh23)

 

Under the one country two systems doctrine, Hong Kong is technically a part of China, but it has a fairly autonomous local government, and a separate economy.

The central Chinese government is now interfering with the local Hong Kong election process, as candidates for the top office in HK, (that of Chief Executive) will need to be approved by a committee in Beijing (presumably to screen the loyalty of candidates to Beijing).

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Are The Economic Freedom Fighters Communists?

By Christiaan van Huyssteen (@cvh23)

Julius-Malema11

 

Let’s find out by comparing official EFF policies with section 2 of the communist manifesto:

 

  1. Abolition of property in land and application of all rents of land to public purposes.

Official EFF policy: “EFF’s approach to land expropriation without occupation[sic] is that all land should be transferred to the ownership and custodianship of the state”

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African Bank: A Disgraceful Failure Of The Regulatory System

By Christiaan van Huyssteen (@cvh23)

Everyone is quick to blame the management of African Bank for their failures, and rightly so. I have already pointed out some of their failures here.

But much of the blame should be put on the regulators.

We supposedly have one of the best regulated financial systems in the world, yet African Bank’s troubles of the past 3 years were not picked up by anyone in government, by anyone at the reserve bank, or even by their own auditors. The ‘system’ has failed the shareholders, management, employees, and clients who are dependent on the company.

Has the reserve bank been asleep for the past 3 or 4 years? What is the point of having a registrar of banks if they can’t regulate? We have seen dozens of articles and comments over the past week stating that this crisis was entirely foreseeable. Yet no one in government, and no one at the privately owned reserve bank saw this coming and sounded the alarm bells.

In our opinion, the financial statements present fairly, in all material respects, the financial position of African Bank Limited as
at 30 September 2013, and its financial performance and its cash flows for the year then ended in accordance with International
Financial Reporting Standards and the requirements of the Companies Act of South Africa. ~ Deloitte Audit Team

 

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Privatising ESKOM

By Christiaan van Huyssteen (@cvh23)

From iAfrica:

The government is reportedly considering roping in private-sector capital to cover struggling power utility Eskom’s R225-billion funding shortfall.

“There has been serious public speculation about public-sector equity injection, assets being sold, private-sector equity and tariff hikes,” Reuters quoted Public Enterprises Minister Lynne Brown as saying.

“These are levers which must be considered in any serious discussion.”

 

Privatisation has this stigma of being a means whereby public assets is sold off at knock down prices to a bunch of greedy corrupt businessmen who are somehow going to use their new investment to enrich themselves and exploit the poor. That is what the likes of COSATU, the SACP, and the EFF would have you believe.

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