KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL
FANews
FANews
RELATED CATEGORIES
Category Investments

So what?

26 November 2004 Angelo Coppola

A story receiving a lot of attention is the sale of 15% of Telkom by Thintana to a consortium which includes the company's previous regulator, Andile Ngcaba, and a senior member of government, Smuts Ngonyama.

Shaun le Roux - at Alphen Asset Management – says understandably it is difficult for these members of the "inner circle" to watch their previous colleagues raking in billions by being at the forefront of the major empowerment transactions to date.

However, we are staring a dangerous precedent in the face. The bottom line is this: in a democratic, transparent, non-corrupt society you choose whether you are in the public or private sector.

If you choose government, make peace with the fact that you are serving your people and not your bank balance.

Unfortunately, when fledgling democracies like ours look to the US, as the world's leading civilised nation, for guidance in how not to mix business and politics we may come away a bit confused.

Quick Polls

QUESTION

Are you shocked by Sasria’s 2022 rate increases, or is it expected given the sheer scale of the July 2021 rioting plus the ongoing increase in frequency and severity of protest losses?

ANSWER

Yes, I am shocked and so will my clients be shocked
No, it was expected
fanews magazine
FAnews November 2021 Get the latest issue of FAnews

This month's headlines

New proposals to amend PPRs have major impact
The untold truth about intermediary agreements
Rethinking claims
Tik-Tok: The clock is ticking on SA’s R45 billion unclaimed benefits bomb
Medical schemes’ average increases for 2022
Disability claims aggregation
Subscribe now