Why has Massmart failed to live up to the expectations unleashed after US retail giant Walmart bought half the company five years ago?
Usually when companies invest abroad they use their base national business to subsidise market entry and cheaper pricing in the new countries they compete in. The strategy of companies operating in SA is contrary to this, with a blatant strategy of ripping off customers on price and quality at every step of the process.
Even locally produced and manufactured items are sold far cheaper abroad than nationally — fuel and vehicles, for example. And imported goods are worse, with many importers bringing in second- or third-tier-rated items and selling them at first-tier prices. They are trying to change something that was working. Centralising everything.
Dubious procurement, inflated costs, wasted millions and rumours of corruption — how a project meant to overhaul Mashishing’s electrical infrastructure turned bad.
There was a time in SA when we could build all our own stuff, on time, on budget.
Yes — when we were a pariah nation forced into isolation. And don’t look back too nostalgically. There was plenty of corruption then — just different beneficiaries.
CEO Stephen Saad says the good days are not over for Aspen, pointing out that the company makes R1bn in profit every month.
Surely that level of profit is extraordinary and shows how we’re getting ripped off as consumers? It’s no wonder health care is unaffordable.
Dear Mr Saad. We get rewards based on the share price. Only employees get indirectly rewarded for things like “R1bn in profit every month”. And that is before we pay ridiculous medicine costs.
Shouldn’t Aspen take over Ascendis or Adcock Ingram?
The biggest disappointment of Cyril Ramaphosa’s still-brief tenure in the highest office is the realisation that he’s incapable of overnight miracles.
1994 — needs time; 2008 — financial crisis, needs time; 2009-2017 — Anc-elected Zumocracy, needs time; National Development Plan 2030 goals drafted in 2011 — needs time.
Time has already run out.
A small group of Grootvlei gold miners have won what is possibly a pyrrhic victory against the owners, including Khulubuse Zuma.
A hushed-up story that was just swept under the carpet, much like the oil sale scandal was. Ticktock, ticktock. #Thetruthneverchangesorgoesaway.
The risk of a policy error is high as SA contemplates a fiscal stimulus package to reignite growth, but without stepping over important boundaries.
So they are contemplating spending money that they don’t actually have available? It’s too late to discuss — it is happening at a dizzy pace. Hope the gamble pays off. Just be wary of the looters in the shadows and crevices.
What happened to Zuma’s nine-point plan?
The fact that Ramaphosa spoke out publicly suggests the Zuma faction is running out of oxygen.
It’s sad to see some of the senior members of such an old organisation choosing a person over an organisation. Leaders come and go, but our organisations will still be there for many years. I wonder, at ANC “top six” meetings, how Ace Magashule is able to look Cyril Ramaphosa in the eye.