Some stan­dard

Finweek English Edition - - LETTERS -

WITH REF­ER­ENCE TO Mpumi Malangabi’s let­ter (13 Jan­uary 2011), is the im­pli­ca­tion that priv­i­lege is equal to the dif­fer­en­tial low­er­ing of stan­dards (low­er­ing of ad­mis­sion re­quire­ments)? I sug­gest the de­gree cer­tifi­cate for trans­parency should be en­dorsed “Priv­i­leged through low­er­ing of ad­mis­sion re­quire­ments” or “Prej­u­diced through rais­ing of ad­mis­sion re­quire­ments”. Then the truth will be known to all and the mar­ket can de­cide about it.

Malangabi is clearly con­fus­ing in­com­pe­tence with greed, cor­rup­tion and crim­i­nal­ity. The in­ter­na­tional cri­sis was caused by ex­tremely com­pe­tent peo­ple, which will prob­a­bly be clear­est of all in New York. penal­ties. Within a year that be­came law. And yet here we are again.

Where are the au­dits? Where is the agent or­gan­i­sa­tion that’s the watchdog to en­sure all statu­tory re­quire­ments are met? Are we back in the Six­ties again?

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.