Edition: May/July 2018
It’s noted that Duduzane Zuma, 34 year-old son of you-know-whom – has a house near my own. He lives there on occasions that he is in SA. Flashy cars, parked in the tightly secured grounds, are testimony.
So, when people ask whether my neighbourhood experiences a high rate of crime, I never know whether my answer should include the allegations against Duduzane.
TT has banged on exhaustively about the R60m or so that’s owed by the former No 1 in fringe-benefits tax for “improvements” to his Nkandla homestead.
Now that there’re new leaders in place at SARS, it’s a good time to remind them of it. It’s also a good pretext for them and Finance Minister Nhlanhla Nene to offer reassurance that all taxpayers are indeed treated equally.
Evidence will be appreciated.
The transition of the Financial Services Board to the Financial Sector Conduct Authority, effective (perhaps appropriately) from April 1, is intended to be smooth. Better, let it be disrupted by an analysis of where, how and why the FSB has fallen short in giving effect to its own statutory duties and regulatory powers e.g. supervision of retirement funds.
The SA narrative is filled with such acronyms as WMC (white monopoly capital) and EWC (expropriation without compensation). They’ve become hackneyed catchphrases that raise the political temperature but are close to meaningless.
By contrast, an acronym that would be meaningful is ROC to stand for the rightful owners of capital. These are the pension funds that represent the investments of people across all income and race groups, that dominate the shareholdings in JSE-listed corporates and that stand to be hurt across the board by the WMC and EWC absurdities.
The counter of ROC – may it gain currency – is needed to change the bunkum in our overheated narrative.
Yet one must feel a certain support for EWC. For it justifiably to apply anywhere, it would be in the dispossessions that took place under the Group Areas Act. An obvious example is the removal of ‘coloured’ people from their homes around Loader Street in the De Waterkant area of Cape Town.
Their properties were bought for a pittance, gentrified and onsold at huge profits. None was more culpable than one Joyce Waring, wife a National Party cabinet minister.
But over the years these properties have legitimately changed hands several times. So then who’s to be hit with EWC? Since profiteer Joyce died 15 years ago, it will be difficult to call on her for redress.
Thus do justice and practice collide unless the EWC proponents can offer solutions.
A joke is like sex. Neither is any good if you don’t get it.
“I keep thinking we should include