SA is missing about 2 million tons of coal exports a month due to problems and theft at and from Transnet. The loss over the last 3 months at 2 million tonnes is R2,4 billion for the country. SA should be exporting 8 not 3,5 million so the potential loss is R5,4 billion. 1/2
The theft of cables has actual losses for the country. The looting and threats are real. R5,4 billion every month lost for, say, a year is R65 billion. The damage is huge, but no one is jailed, so more theft happens. Coal exports are lower today than in 1994 2
Starving people, job losses continue but still, corruption and theft are not punished. It becomes a one-way bet just steal the cable or set fire to the equipment. When the law is not implemented or selectively implemented it is the honest folk and the poor who suffer. 3
SA is not attracting investment the data tell us this. The unemployment numbers and poverty increase. Not many looters are in jail. People see that and take what is not theirs. It is snowballing. Insiders say Transnet is losing 25km of cable every week. 4
Prasa is operating for most of our working class which is its main function. Also due to same. The non-implementation of the law favours the lawless. The Jobless & the honest get screwed and businesses HAVE lost trust in CR. 5
Elections also mean that point-scoring by parties means that little is done to the real issues and promised of houses, work etc remain just promises, but buy short-term votes. The damage here was just coal for export. what about iron ore or agricultural exports or even imports? 6
The only thing we need to build for the next year is jails and fill them and only then will we see improvement. Full jails tell people SA is serious about getting ahead. I have a new SA target 50% of politicians should be sentenced to jail for at least 5 years 7/7
that loss is R2,4 billion a month! IT has happened in real life.

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More from @mikeschussler

4 Aug
South Africa's default answer to underlying problems like unemployment, poverty and inequality has been for government to spend more. Sounds good hey? Well in this time unemployment has increase, poverty has increased and inequality is higher than at the end of Apartheid. Why?
Money is never going to be enough if so few work and can pay taxes for the many on grants. Also, the government believes that government can fix everything but does not work hard itself. when you have the 7th high company tax burden to GDP in the world, you chase jobs away
SA also already has the 10th highest personal income tax burden in the world. Then we also have every higher wealth taxes and the threat of taking property away. No one in their right mind is investing here without government guarantees which they cannot provide outside the few.
Read 11 tweets
2 Aug
Between 2019 and 2020 SA relative GDP per capita when compared to the world average dropped by the biggest margin since 1994. South Africans now have just under 71% of the income that average person living in the world updated data show.
Yes, this is a train smash. South Africans are now firmly in the poor half as the GDP per capita ranking is now 107th out of 191 available with recent data. We are firmly on the way to the bottom third. Just another sad story....
Even if we grow again it will take decades to get back to the world average. World average per capita income grew by 68% since 1990 and SA did increase by 11%. Emerging markets grew far quicker.
Read 7 tweets
23 Apr
Did some research for you. 100 000 tons of mined gold in 1966 did not exist! The amount in dollars is near 2000 times SA GDP so if it did get and was spent SA GDP would have increased 200000%! It is more money than the 500 richest people on earth combined! 1
As of 2019, there was 197 000 tons of gold. 34 000 tons are in central bank vaults and 43 000 in verifiable investment holdings. 93 000 tons in Jewellery, So the gold even if deposited now would have been noticeable. All the world's jewellery cannot make up the 100 000 deposit. 2
$600 trillion in the SA banking system would be more than the total value of SA banks - in fact, the whole stock exchange. It would have been far more than the World economy the total amount in the world banking system or the total value of all the worlds stock markets 3
Read 6 tweets
1 Jan
Expected future Headlines.
The city wishes to thank all the drug lords for donating money to unemployed waiters, Uber drivers, chefs.
In an unexpected gesture, all three major drug cartels donated part of their proceeds to hungry unemployed hotel, restaurant and travel staff. 1
One drug lord even stated they expected nothing but goodwill back from these donations.
Police, however, are not convinced that this is a purely humanitarian gesture as they expect tourism and leisure staff to help drug dealers avoid law enforcement. 2
However, the Mayor said any help to starving tourism & leisure staff is welcomed as the state had no money to pay business or staff and so drug money is the only money available. (Now referred to as home-made pharmaceuticals) 3
Read 4 tweets
31 Dec 20
Almost all people comply with C19 regulations. On social media, however, posts scream that people are not masking or social distancing. This pandemic has not been stopped, other than on islands, even with harsh lockdowns. It is a disease & no ones fault & snitches don't stop it 1
In fact, snitches make it worse as you are controlled by fear and that fear is a disease by itself. I don't even blame snitches as the Covid19 was mention in 46% of the time in all New York Times articles this year. This is a higher incidence than in either World War! 2
Similar shares in many other mainstream media and nevermind Social Media. But the biggest fear is fear itself. If this fear results in a righteous rise of sin spotting eyes, madmen will feed on this fear & lies. They will beat and kill those judged. 3
Read 4 tweets
29 Dec 20
Countries that have started vaccines or will today.
1.Argentina
2.Bahrain
3.Belgium
4.Canada
5.Chile
6.China
7.Costa Rica
8.Croatia
9.Cyprus
10.Czech Republic
11.Denmark
12.Estonia
13.Finland
14.France
15.Germany
16.Greece
17.Hungary
18.Israel
19.Italy
20.Kuwait
21.Lithuania
22.Malta
23.Mexico
24.Oman
25.Poland
26.Portugal
27.Qatar
28.Romania
29.Russia
30.Saudi Arabia
31.Serbia
32.Slovakia
33.Spain
34.Switzerland
35.The United Arab Emirates
36.United Kingdom
37.United States of America
The following should start next week/ 1st week of January.
1 Brazil
2. Bulgaria
3. India
4. Ireland
5. Latvia
6. Peru
7. Sweden.
Announcements expected soon are Australia, New Zealand, Taiwan, South Korea, Japan, Fiji, Croatia, Tunisia, Turkey, etc.
Read 5 tweets

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