Meg

[Elon Musk @elonmusk]

Outrageous double-standard!

[Elon Musk @elonmusk]

This poor boy was running away from someone who stabbed him & stole his phone, but the police in the UK attacked him instead of his murderer!

[Mmusi Maimane MP @MmusiMaimane]

This is a tragedy.

[Lusibalukhulu 🖍 @feziledhlamini_]

So the IDC just ran a paid News24 piece telling South Africa how great they are. Allow me to do something the IDC apparently cannot: basic maths.

They say they approved R26.6 billion in “transformation funding” last year and “created or preserved” 15,000 jobs.
That is R1,773,333 per job.
One million, seven hundred and seventy-three thousand, three hundred and thirty-three rand. Per job.

You could pay someone the average South African salary for nearly seven years with that money. Or you could give it to the IDC and they will “create or preserve” one job. Maybe. If the company does not end up in their R30 billion distress portfolio.

Oh, did I not mention that? The IDC’s distress portfolio, that is the money they invested that is now in trouble, is R30 billion. That is bigger than the R26.6 billion they approved this year. They are underwater. They are losing money faster than they are deploying it.

And of that R30 billion in distress? R9 billion is in black-empowered entities. So roughly a third of the “transformation” money they are bragging about in paid newspaper articles is currently circling the drain.

But wait, there is more.

Since 2017, the IDC has given R8.5 billion to 128 black industrialists. Sounds impressive until you learn that a single manganese company got R6.1 billion. One company. That is 72% of the total. Three companies consumed virtually the entire allocation.

The average per industrialist? R66.4 million.

Here is my favourite part: the IDC says 88% of its funding goes to black-owned businesses. Beautiful number. Very clean. Very round. Very paid-media-friendly.

But when NAFCOC went to Parliament and said the IDC is undermining black industrialists through “aggressive recovery actions, premature legal enforcement, and liquidation processes,” the Portfolio Committee Chair responded: “It appears that the IDC has not effectively embedded issues of transformation in its business processes.”

That is Parliament. Not me. Parliament.
So here is what R26.6 billion in “transformation funding” actually looks like:
1. R1.77 million per job (if you believe the job numbers).
2. R30 billion in distress (which they do not mention in the paid article).
3. R9 billion in black business distress (which they definitely do not mention).
72% of black industrialist funding going to three companies (which they will never mention).

But sure. Run the paid article. The maths will still be here in the morning.

[The Sigma Mindset @thesigmamindset]

Here's how you know someone is a great thinker ‼️‼️

[Sizwe Mpofu-Walsh @SizweMpofuWalsh]

@MightiJamie While the letter should be treated with caution, it nonetheless deserves further public scrutiny. I look forward to your analysis!

[Africa Research Desk @MightiJamie]

Wow. This is journalism @SizweMpofuWalsh has the letter that General Mkhwanazi submitted to the ad hoc committee.

Apparently that letter has explosive revelations from the prisoner who shared a cell with Vusi Matlala.

[Bryson DeChambeau @brysondech]

I love you South Africa! 🇿🇦❤️

What an honor it was to win in front of the most incredible fans. You guys made my first experience in South Africa unforgettable!

The game is trending and I’m excited for the next couple of weeks! #backtoback

Much love

[Mark Manson @Markmanson]

The next time you're worried about what other people might think about you, just remember that the Eiffel Tower has over 10,000 one-star reviews.

You'll be fine.

[Absa South Africa @AbsaSouthAfrica]

Beware of this SMS: “Book flights to New York for R999,” ​followed by a call from an Absa consultant. It’s likely a smishing ​and vishing scam. Don’t click, pay or share your info. ​

Call our fraud helpline on 0860 557 557. ​

Ts&Cs apply. Auth FSP/NCRCP7

[Eric Jorgenson 📚 ☀️ @EricJorgenson]

Happy Monday!

[Hen Mazzig @HenMazzig]

🇿🇦South Africa’s ruling party, the ANC, just offered “sincere condolences” to the people of the Islamic Republic of Iran over the death of Ali Khamenei.

Yes, Ali Khamenei. The Supreme Leader who oversaw the brutal repression and killing of tens of thousands of his own people. The man whose regime jails women for showing their hair and murders protesters for demanding basic freedoms.

While party officials in Pretoria were drafting condolences, many actual Iranians were dancing in the streets. In Tehran. In Los Angeles. In Berlin. Across a diaspora that has spent decades fighting for the freedom the regime denies them.

For years, South Africa’s leadership has grown closer to the Iranian regime. Just days after filing its “genocide” case against Israel over a war Hamas initiated, the ruling party suddenly announced it was financially stable again, leading many to wonder if money changed hands.

And now, even as Iran’s regime launches missiles at civilians in every country across the Middle East, South Africa still chooses to stand beside the ayatollahs instead of the Iranian people.

This should tell you something about South Africa's motivations for accusing Israel of "genocide."
"Justice" isn't one of them.

[SABC News @SABCNews]

WATCH | A UFS study finds menstrual products - even ‘organic’ ones - contain hormone‑disrupting chemicals, raising urgent health and regulatory concerns.

[Mastering Life Path @Mastering_life_]

20 stoic lessons in 60 seconds.

[Katyayani Shukla @aibytekat]

This guy literally explains how to stop being poor

[Mindset Machine  @mindsetmachine]

This clip will make you never want to speak negatively about your life again...

[Neuron Powers 🧠 @neuronpowers]

The life you want is on the otherside or the action you are afraid to take.

[Mark Manson @Markmanson]

The Relationship Paradox: The happier you are alone, the better your relationships become.

[Brian Feroldi @BrianFeroldi]

What is CAPEX?

CAPEX is short for "Capital Expenditures."