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Messages - Moonraker

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976
Shares / Re: Today's Outlook
« on: June 27, 2013, 12:14:28 pm »
South Africa Producer-Price Inflation Slowed to 4.9%

Producer-price inflation for final manufactured goods slowed to 4.9 percent from 5.4 percent in April, Statistics South Africa said on its website today. The median estimate in a Bloomberg survey was 5.2 percent. Prices rose 0.3 percent in the month. (Bloomberg)

977
Shares / Re: Today's Outlook
« on: June 26, 2013, 04:01:04 pm »
Croatia becomes a member of the EU next week. But with Zagreb likely to need urgent subsidies from Brussels, is the small Eastern European country ready for accession?

Who the **** would want to be a part of the EU ?
Italy is now in the brown stuff mainly due to the higher interest rate scenario after Bernanke's utterances, but also due to a 8 Billion Euro interest rate swap faux-pas (speculation on interest rate swap derivatives did not go their way at all).
The cherry on the top is that Italy is too big to receive aid from the ECB stability fund, whose reserves are in any case dwindling.
So, back to square one regarding the 'Euro Crisis'
 :wtf:

978
Off topic / Re: Govt. Bonds - How say in Afrikaans ?
« on: June 26, 2013, 03:37:13 pm »
Thanks AVM !

979
Off topic / Govt. Bonds - How say in Afrikaans ?
« on: June 26, 2013, 02:07:24 pm »
Can someone translate government bonds and the bond market into Afrikaans ?
Is verbond only applicable to mortgage bonds ?
Maybe staatseffekte ?

980
Shares / Re: Long term investments
« on: June 25, 2013, 06:58:47 pm »
Fund managers discuss some of their favoured stocks

Steinhoff
EOH and Pinnacle
Clover
Brait
Mondi
Impala Platinum

 8)

981
Shares / Re: Devastating market crash. When ?
« on: June 21, 2013, 03:37:31 pm »
Ahem... Bump  :-[

982
Off topic / H. Zille on flush toilets - must read
« on: June 18, 2013, 03:23:42 pm »



WELCOME TO SATODAY...        17 June 2013
Our comprehensive weekly mail, featuring both Helen Zille's weekly newsletter and other DA news and events taking place around the country, where the DA is working hard to build an Open, Opportunity Society for All.

SA Today: The final flush of the 2014 campaign


Quote
In Cape Town we know election season has arrived when toilets hit the headlines.

Judging from the past two weeks, the 2014 election campaign is already in full swing.

On several occasions, various self-proclaimed ANC Youth League leaders and their anarchic followers have dumped human faeces outside provincial government offices and flung dung at official vehicles.  The proclaimed purpose was a protest against “bucket toilets”.

This “cause” has elicited much sympathy (despite the methods used) because many people are understandably appalled at the idea of having to use a communal bucket toilet.

But, as usual, all is not as it seems.

The ANCYL is not protesting against bucket toilets.  They are protesting against portable flush toilets.  And there is a huge difference between the two.

This is what a portable flush toilet looks like:
 
 
The City of Cape Town is offering free portable flush toilets (PFT) to individual families still using the  approximately 700 remaining bucket toilets in the metropolitan area.  Portable flush toilets are also offered in informal settlements with insufficient public sanitation facilities.  No-one is forced to accept a PFT.  People do so voluntarily if they want an extra sanitation service, over and above the public service available.

The target date for the eradication of bucket toilets in Cape Town is 2014.  We are close to meeting that target, unlike the rest of the country where there are still hundreds of thousands of public bucket and pit toilets in use, many of them “unserviced”.

So why is the ANCYL picking on Cape Town, which, according to the 2011 Census has the highest level of sanitation services in the country?  The answer is this:  the ANCYL (some of whom are ANC councillors) is trying to prevent us from eradicating the bucket system.  They are not protesting against the lack of service delivery.  They are protesting against (and purposefully preventing) service delivery.  The only plausible explanation is that they want the bucket toilets to remain so that they can be used as a potent election issue in 2014.

What is even worse is that supporters of the ANCYL actually go around stealing the tanks of families who have chosen to have portable flush toilets.  This is where the protestors get the “ammunition” they require for their “poo-litical protests”.  Many newspaper readers have mistaken the detachable sealed tank for the full toilet, and have questioned how it can be used in a dignified way.  I refer them to the picture above and describe, below, how the PFT works.

It consists of a sealed, detachable, odourless storage tank;  a bowl and a seat; and a flushing mechanism.  A portable flush toilet closely resembles an ordinary toilet and works on a water based system.  The waste is flushed away, into the sealed tank.  The City services the tanks free of charge three times a week.  A door-to-door service takes away the used tank and replaces it with a clean tank.   I do not know of another City government anywhere that renders this kind of service free to informal settlements.  Indeed, as the Institute of Race Relations revealed this week  --  poor people in Cape Town are twice as likely to get free basic services from their local government than poor people living anywhere else.

And, according to the 2012 report of the National Department of Water Affairs, out of the 1,3-million South African households living without any sanitation services whatsoever, NONE are in Cape Town.

This level of service was achieved despite the fact that the City’s population grew by 30% during the decade between censuses (2001 to 2011).  Yet delivery of every basic service is above 90%.  The City’s service delivery not only kept pace with, but actually exceeded the exponential growth rate.  That is a good outcome, by any standard.  One wonders why the ANCYL and many NGOs seem to focus all their indignation against the one administration that delivers better services than any other.  It is obviously political.  And it will continue with the spread of that highly contagious disease called electionitis.

But, you may well ask, why does the City not simply install full flush toilets from the start and get done with it?

 
The simple answer is that in many informal settlements it is impossible to do so. Take the example of Kosovo, in Philippi.

In 2006, shortly after the DA-led coalition won the election in Cape Town, we established that 222 informal settlements had no services at all or grossly inadequate services.  Kosovo was without sewage, electricity, lighting, or refuse removal.  It was near the top of a “crisis intervention” list the new DA administration compiled. We moved swiftly to install these services, which was much more difficult than people might imagine.  Kosovo is one of several informal settlements that was “invaded” by urban migrants during the Summer months, but which is for most of the year unfit for human habitation.  Kosovo is located in an area that serves as a “retention ponds”, a site to which water gravitates, and breaks the surface as soon as it rains.  The permanent high water table, and the high shack densities, makes it impossible to install conventional underground services.  Because the inhabitants of Kosovo were relatively recent migrants compared to many others on the housing waiting list, it was impossible to enable them to jump the housing queue without creating an enormous backlash.

So we had to find an alternative to provide sanitation.  We did this in the form of expensive imported technology called “vacuum pump” toilets.  These are very similar to the toilets used on aeroplanes, and work on a vacuum system.  It proved possible to install them in Kosovo because they require only a single shallow-laid pipe, which could be achieved without heavy machinery.  Through minimal reconfiguration of the settlement, it was possible to install a number of public toilet blocks, of ten vacuum pump toilets each, throughout the settlement, at the cost of over R5-million.  Within two years the toilets (and the underground pipes) had been vandalised beyond the point of repair.  The community demanded a full flush system, which remained impossible.  So to alleviate the crisis, the City ordered 900 “new generation” chemical toilets, which are a significant improvement on the previous chemical system.  The first three toilets installed were immediately burnt to the ground and the contractor’s staff were threatened.  Two workers were injured by members of the community.  So the contractor withdrew his staff.  And when City workers tried to clean the Community’s few remaining toilets, they were also driven out through violence.  Without a hint of irony, the media referred to this as a “service delivery” protest.

We have now managed to install the new chemical toilets in Kosovo, and (except for proper storm water) the area is fully serviced.  People continue to demand brick houses and full-flush toilets.  While we understand the need and the enormous difficulties of living in a shack settlement, it does not help anybody if we make misleading commitments.  Any politician who promises to replace shack settlements with formal housing in the foreseeable future is lying.  Given a waiting list of approximately 400,000 families in Cape Town alone, the conflicting demands on the available budget, and the continued rapid growth of the City we must be honest about what is achievable.  That is why we have introduced the “in situ upgrading” with its own subsidy stream, to upgrade shack settlements incrementally.

If only communities would take joint responsibility for maintaining the costly service infrastructure, we could do so much more.  Currently we spend  two-thirds of the City’s water and sanitation budget on fixing vandalised taps, pipes and toilets.

The story of Kosovo is not unique.  It is repeated in many of the City’s 227 informal settlements.   In one of them, called Hillview Heights, the topography and density enabled us to install full flush toilets at a cost of R1,5-million.  Within 9 months, 70% of the toilets had been vandalised.  The repairs cost another R1,1-million.

These are all factors to consider as the so-called “toilet wars” escalate in the months ahead.  We will remain focused on doing what we can to spend money where it is most needed, to create conditions for everyone to live a dignified life.  But no government can achieve this outcome on its own.  People need to get involved in improving their circumstances and maintaining public infrastructure. Without this combined effort, we will never succeed in ensuring a better life for all.
 Helen Zille

983
Shares / Re: Pulverized Sand Box
« on: June 14, 2013, 04:37:57 pm »
Sold out of SGL then? Does that mean you'll choose a different stock in the competition next month?

I've switched my miserably performing Vodacom for some Satrix indi, and bought some more while I was at it, so now I'm 50% CML 50% satrix indi.
How does one switch stocks or sell them (in the competition) ? Or are you referring to the real stuff ?

984
Shares / Re: Shuttleworth targets exchange laws
« on: June 14, 2013, 02:03:14 pm »
Good one AVM !

985
Shares / Shuttleworth targets exchange laws
« on: June 12, 2013, 09:09:45 am »
Finally someone with the means to do so, takes on the bullying tactics of SARS/SARB. Particularly the theft of 10% (now of course 13.3%) of ones assets on emigration. (Emigration is regarded by these #$@** as a disposal of assets and subject to CGT.)
Shuttleworth targets exchange laws

We are being treated like s*&^. As friends of mine who reside in Germany, I would also like to simply walk into my bank, or instruct my broker to buy say Coca Cola shares to the value of anything I choose. No red tape man, those are my dineros.

Quote
Shuttleworth also wants the North Gauteng High Court in Pretoria to set aside a levy of over R250m he had to pay to get some of his assets out of the country in 2009, and order the SA Reserve Bank to return the money.

He further seeks an order declaring the bank's so-called "closed door policy", of insisting that the public communicate with it through the intermediation of authorised banks, unconstitutional and invalid.

Shuttleworth blames the existing system of exchange control in South Africa for forcing him to emigrate from South Africa in 2001. He says in court papers the system made it impossible to conduct his entrepreneurial and philanthropic ventures.

He had assets worth over R4.27bn in South Africa when he emigrated, but transferred the assets out of the country in 2008 and 2009, each time paying a 10% levy.

More: http://www.moneyweb.co.za/moneyweb-south-africa/shuttleworth-bid-could-be-devastating-reserve-bank

986
Shares / Re: Keepers - Long term
« on: June 11, 2013, 03:24:05 pm »
Mr. Bond has just moved house so a bit out of it now. Everything he thought was good is not living up to
expectations. :-X
Anyway, how about IVT, which posted really good results today ? .. http://www.sharenet.co.za/v3/sens_display.php?tdate=20130611142500&seq=26

987
Shares / Re: Today's Outlook
« on: June 05, 2013, 05:56:25 pm »
US non-farm figures: Prior 113k, consensus 171k, actual 135k.  Positive news but still another red day for the JSE, Asia and the US this far. It hasn't been an investor friendly start to the week...
I suppose you mean positive in the sense of bad news is good news. (Payrolls way below consensus, good news for those hoping for a delay in withdrawing stimulus).

988
Shares / Re: Long term investments
« on: June 01, 2013, 10:55:18 am »
Sell emerging markets in May, and maybe June and July too

Quote
OVERSHOOT?

 Not everyone agrees, of course.

 "It should be good news for equity investors that the Fed is talking of tapering," says Bill Maldonado, Asia-Pacific CIO at HSBC Global Asset Management. "Everyone is worried about bond yields rising but it also means we have an economic recovery underway."

 But in 'deficit' economies such as South Africa, Turkey and India, which have big external funding needs and have been at the forefront of the May selloff, the rout could extend further.

 South Africa's rand is at four-year lows while bond yields have jumped a whole percentage point in May.

 "South Africa is probably close to a point where you could look at it," said Bareau, who thinks the wider selloff overdone. "There is a sense of a falling knife and you don't want to catch it until it is actually on the floor."


989
Shares / Re: Today's Outlook
« on: May 31, 2013, 04:14:41 pm »
May Chicago PMI: 58.7 actual, 49.3 Briefing.com consensus, 49.0 prior

May UoM Consumer Sentiment Survey: 84.5 actual, 83.7 Briefing.com consensus, 83.7 prior



990
Shares / Re: Today's Outlook
« on: May 31, 2013, 03:29:15 pm »
Trade data for April, released on Friday afternoon by the South African Revenue Service, showed a deficit of R15.02bn as exports increased only 3%, while imports recorded an increase of 12.1%. This brings the cumulative deficit for the year to R57.01bn already, compared to only R36.62bn at April last year.

The deficit for the month was worse than the expected R9.9bn and March's deficit of R7.8bn, said Annabel Bishop of Investec Group Economics. "The rand jumped from R10.16 to the US dollar to R10.22 for a US dollar on the publication of the worse than expected trade figures," she said.

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