Msyzo

economist, trade analyst, husband, father, son, fighter, liberator

[the dtic @the_dtic]

Afreximbank announces initial $8bn funding package for South Africa as a new shareholder https://t.co/GM2G50MT5s

[Msyzo @Savage_CSK]

Can't do it without you! Accept my invitation and win mega rewards 🎁 with me!
https://t.co/WtHz9od5ti

[SA Police Service 🇿🇦 @SAPoliceService]

#sapsMP #SAPS Delmas arrested a 43yr-old man for possession of illicit cigarettes during a stop and search in Sundra on 05/12.

Police in Delmas, with the assistance of members of the Sundra Police Station and security companies, followed up on information regarding illicit cigarettes that were being transported in water tanks.

A truck loaded with twelve 5 000-liter water tanks were found to be stocked to capacity with different brands of cartons of illicit cigarettes. Police recovered 25 pallets of illicit cigarettes with an estimated street value worth R17,4 MIL.

The suspect from the Kingdom of Eswatini was placed under arrest for possession of illicit goods, and is expected to appear before the Delmas District Court on Monday, 08/12. #StopIllicitTrade ME
https://t.co/coY4TUiq2k

[Msyzo @Savage_CSK]

@TrafficSA @grok is the road clear?

[Zuko Godlimpi, MP @MPGodlimpi]

Today I met with the ITAC team led by Chief Commissioner Ayabonga Cawe to discuss SA’s industrial policy architecture. We discussed trade instruments, remedies, import/export controls, customs security, AfCFTA opportunities, grey imports, & data sharing for public and policy use.

[Mbali Mashinini @mbalis_bakery]

Viva ANC viva 😔

[Parliament of RSA @ParliamentofRSA]

Portfolio Committee on Trade, Industry and Competition, 25 October 2024 https://t.co/z76maIUTSh

[BRICS News @BRICSinfo]

JUST IN: 🇷🇺🇮🇷 Russia's President Putin says "Iran has become a fully-fledged member of the BRICS."

[the dtic @the_dtic]

[PICTURES]: Minister Parks Tau, together with Deputy Ministers Zuko Godlimpi and Andrew Whitfield (online), met with South Africa Economic Regulators in Pretoria. The meeting was meant to outline mandates, targets, and progress made, with the aim of accelerating delivery.

[the dtic @the_dtic]

@the_dtic Minister Ebrahim Patel is hosting an Executive Oversight Committee meeting of the Retail, Clothing, Textile, Footwear and Leather (R-CTFL) Master Plan in Cape Town

[eNCA @eNCA]

SAHPRA recalls two Benylin Paediatric Syrup batches https://t.co/TjtErS552w

[the dtic @the_dtic]

South African government will today launch the start of its preferential trade under the African Continental Free Trade Agreement (AfCFTA) in Durban, KwaZulu-Natal.

[News24 🇿🇦 @News24]

News24 | SA turns to powdered and liquid egg imports amid shortage https://t.co/08Zjo4tTRN

[News24 🇿🇦 @News24]

South Africans must brace themselves for egg and chicken shortages in the coming months, with SA's largest producer Astral Foods warning on Thursday the country is wrestling with its worst-ever outbreak of bird flu. | @News24_Business

https://t.co/S1k0HXad4O

[Mindset Machine  @mindsetmachine]

15 Benefits of Keeping Your Life Private:

[CompComSA @CompComSA]

There's been 19% & 20% respective increase in the retail price of brown & white bread between 2021-2022. This and other findings are contained in the latest Essential Food Pricing Monitoring Report. Tune in to one of our team’s media interviews to learn more about the report.

[Business Day @BDliveSA]

WATCH: Economists expect 25 bps rate hike https://t.co/h8gEQ6vj5h

[Africa Research Desk @MightiJamie]

Naspers is an apartheid company. They have not accounted for their role in building an apartheid state and profiting from an apartheid state.

Naspers is a giant. The company has a market capitalization of over R1.5 Trillion and is chaired by Koos Bekker. Koos Bekker has a net worth of over R40 billion.

Naspers operates in 130 countries and is listed on the London Stock Exchange and Johannesburg Stock Exchange.

It is Africa’s richest company and owns Takealot, Media24, Udemy, AutoTrader and many more. Naspers also owns 10% of Universal Music, 9.1% of Spotify, 5% of Tesla 0.8% of Warner Music, WeChat, KuGou, QQ Music, Kuwo, WeSing.

But the history of the company is one of propaganda and racism. Nasionale Pers (now Naspers) is a media house that was founded in 1915 with the mission of promulgating Afrikaner nationalism.

Naspers launched with the support of Jannie Marais, a prominent Stellenbosch farmer, Jan Christiaan Smuts, Louis Botha, and National Party founding president J.B.M. Hertzog. Naspers was strongly supportive of the National Party from its inception.

It was marketed as a genuine Afrikaner institution. During apartheid the company funded the National party and the party actually held shares in the company.

In 1997, the Truth and Reconciliation Commission requested that Naspers make a submission about the years between 1960 and 1994 (thus, broadly, between the Sharpeville massacre, in March 1960, and the first democratic elections of April 1994), specifically, the media's role during this period. Naspers refused to comply.

The chairperson of Naspers has been accused of monopolist and anti competitive practices. For a long time Mutli-choice had a monopoly on pay Tv in Africa. This was disrupted by platforms like Netflix and now Disney +.

Former South African Minister for Communications, Yunus Carrim testified to the Zondo Commission into State Capture that Bekker had played a significant role in irregularly pressuring government officials to protect MultiChoice's effective monopoly over South Africa's pay-TV sector.

In 2019 ICASA released a preliminary report on 15 April 2019 regarding the dominance of Multichoice within the pay-TV market. In 2019 Naspers sold multi-choice. However they still have some ownership through their shareholding of the UMG which has shares in DSTV.

The success of the company shows the influence of a few billionaires and how many economic winners in the JSE have
roots in the apartheid economy designed and funded from Stellenbosch.

South Africa is an oligopoly economy controlled by very few mega companies and billionaires. Understanding the size and influence of the oligopoly companies will help the public and policy makers create a competitive market economy. An inclusive economy.

[Pretoria Rekord @RekordNewspaper]

BREAKING NEWS
We have just received information about a fire at a business in Montana Park. Initial reports are that explosions were heard, and smoke could be seen billowing from the premises. This is a developing story. We will keep you updated