This year’s entries are particularly impressive, sporting products as diverse as jackal karosses and medicinal comfrey ointments. It’s truly extraordinary to see what creativity these woman apply to make a profit from whatever is at their disposal. At a gala function, to be held on 28 October at the Durbanville Hills Estate in Cape Town, the top business woman will walk away with a R65 000 cash prize to reinvest in her business.
This year’s six finalists are Serita Swart from Victoria West, Northern Cape, who makes kaross and other hide products; Annemarie Fourie from Senekal, Free State, who produces unqiue and contemporary knitwear; Ronel Swart from Graskop close to Hazyview, Mpumalanga, who not only produces silk products, but also does substantial community upliftment work; the multi-faceted Hannetjie Loots from Lephalale, Limpopo, a qualified educational psychologist who farms with stud Brahmans and runs her own school; Engela Kruger from Middelburg, Eastern Cape, who manages a leather operation that produces affordable equestrian products for farmers; and Sanette Mey from Patensie, Eastern Cape, who developed a medicinal comfrey ointment. These six formidable women are truly all winners in their own right.
Are you sure South Africa’s top rural woman entrepreneurs are all White Afrikaners? Racism.
- Let Afrikaners be African (mhambi.com)
- “If They Decide To Start Killing Us,” The Young Afrikaner Said, “We Are Ready” [Dispatches From The World Cup] (deadspin.com)
- Whiteness, whiteliness and White Studies (khanya.wordpress.com)
- White South Africans Denied Jobs (elliotlakenews.wordpress.com)
- Race relations and settling into South Africa – Tzaneen, South Africa (travelpod.com)
The tide is currently turning for the South African economy. Although it’s still too soon to speak of another recession, we are certainly more defenceless than three years ago, at the time of the last recession.
This is the disturbing news coming from the August Sake24 and BoE Private Clients provincial barometers.
This unique index measures the economic performance of five provinces and shows that their economies contracted by an average 4.3% in the past quarter.
“The provincial barometer levels are the lowest since December last year and clearly show that South Africa is currently experiencing a contraction, aggravated by rising prices and inflationary pressure,” said Mike Schüssler of Economists.co.za, who compiled the barometers.
Earlier this week Finance Minister Pravin Gordhan acknowledged that the growth forecast in his budget speech earlier this year might have been overly ambitious, in the context of current global financial problems. He predicted 4% growth over the next three years.
- Debate Over Value of Rand (online.wsj.com)
- BRICS say ready to help IMF fight global crisis (huffingtonpost.com)
- S.Africa approves national health insurance scheme [I applaud them! Thanks to BB for this post.] (jhaines6.wordpress.com)
The board must then call a meeting of directors to determine the matter (the director concerned may, of course, not vote on the matter). It is interesting that there is no specific protection in section 71 against vexatious or frivolous allegations made by a shareholder. The board must, regardless of the merit in the shareholder’s allegation, at the very least convene a meeting to determine the matter.
Looks like government’s new tactic to perform cou-de-etats on white-owned businesses – just oust the director and carry on! Can you imagine private sector devolving into the shambles government has already reduced the public sector to?
- Director primacy in 5 minutes worth of bullet points (professorbainbridge.com)
- What All Boards Must Ask Their CEOs (blogs.hbr.org)
The former archbishop of Cape Town and former head of the Truth and Reconciliation Commission (TRC) also called on members of President Jacob Zuma’s cabinet to sell their “expensive cars”, “to show you care” about the poor in South Africa.
Tutu said apartheid had left South Africans riddled with “self-hate”, and it was directly to blame for the country’s vicious crime rate and road carnage.
He made the calls on Thursday night during a book launch at Stellenbosch University’s Institute for Advanced Study.
The book, The Humanist Imperative in South Africa, contains 26 essays by leading academics and public figures and is edited by Professor John de Gruchy.
As guest of honour, Tutu recounted the myriad ways apartheid had dehumanised South Africans.
“Apartheid damaged us all; not a single one of us has escaped.”
In a break from his prepared speech, Tutu said a “wealth tax” had been suggested during the TRC process, and had enjoyed support at the time.
Moments earlier, he had told the whites in the conference room: “You all benefited from apartheid. Your children went to fancy schools, you lived in posh suburbs.”
He stressed, however, that this did not mean all whites had supported apartheid.
Speaking to the Cape Argus after his speech, Tutu expanded on his wealth tax call.
“There were many in the white community who were ready for this (at the time of the TRC process).
“It could be quite piffling, maybe 1 percent of their stock exchange holdings. It’s nothing. But it could have helped… maybe building new homes, and that would have been an extraordinary symbol of their readiness.”
Asked whether he was again calling for a “wealth tax”, Tutu said: “That’s what I’m saying.”
He then laughed: “What were you doing in there (the conference centre)? Were you listening?”
Tutu did not say how he wished the tax to be implemented, but said he hoped whites themselves would “agitate” for it to be imposed upon them.
Throughout his speech, Tutu cited numerous examples of what he saw as apartheid’s impact, which had fundamentally been an “erosion of self-esteem” and the advent of “self-hate”. He blamed South Africa’s high crime rate on this, saying: “Thus we must not be surprised at the staggering statistics of violent crime, murder, rape.
- Tax based on race (bananaza.wordpress.com)
- Tutu’s white only tax in perspective (bananaza.wordpress.com)
- Bishop Desmond Tutu outs himself as a racist: Times (politics.ie)
- Losing faith in Tutu (followdirk.wordpress.com)
- South African Nobel Laureate Desmond Tutu to Retire (businessweek.com)
We stood in the queue outside the bank at 8am (the bank’s indicated opening time on a Saturday) and within minutes started speculating if the branch was ever going to open today.
It did not.
I suggested to the group who were still standing around outside the ABSA branch, that you would think with all its wealth, ABSA could at least place a client-friendly notice in the window, reminding its faithful clients who might call on it on a public holiday, stating that they are sorry they are closed for the public holiday, “happy holiday to you and please call again soon when we are open”.
My comrades agreed.
- Fourteen Days of Frustration (africannum.com)
Julius Malema is doling out state tenders to his pals through a company that is part-owned by his family trust.
The Ratanang Family Trust, founded by Malema, the ANC Youth League leader, holds shares in On-Point Engineering, which administers a large part of the multibillion-rand budget of Limpopo’s roads and transport department.
This means that Malema has at least indirect influence over who is awarded tenders from a three-year budget allocation of reportedly R4.6-billion — although he, On-Point and the department deny it.
In 2009, the department set up a programme management unit (PMU) to take over many of the department’s functions in planning, contracting for and overseeing road works.
In a twist at odds with Malema’s stance on nationalisation, it outsourced the running of the unit to On-Point for three years at a fee of R52-million.
Since then, companies linked to Malema, his business partner in On-Point, Lesiba Gwangwa, and his friend and political ally, Limpopo premier Cassel Mathale, have shared in some of the contracts administered by the unit.
While there is no evidence of bribery, these revelations come in the wake of City Press allegations about a businessman who allegedly paid a tender kickback into the Ratanang Family Trust. Malema has flatly denied taking kickbacks.
Anatomy of a scam?
On-Point, which is headed by Gwangwa, is a sister company of SGL, which started out as Segwalo Consulting Engineers in 2002. Segwalo Consulting, SGL and On-Point overlap — they have used the same address and telephone numbers in Polokwane, and Gwangwa has been a director or member of each of the entities over the years.
Malema was a director of SGL in 2009 and 2010, but resigned around the time the public protector investigated the company to see if he had unduly influenced the many tenders awarded to it.
IT WILL take black people in South Africa another 127 years to get into top management positions relative to their number in the economically active population, the Employment Equity Commission says
If the country had been transhifted over 127 years and not overnight, maybe it would be in as good a state as big business and more people would have jobs, shelter, electricity, etc.
As things stand the country is far worse off than 17 years ago and is fast becoming a hellhole like Zimbabwe.