Psalm 23
A psalm of David.
1
The Lord is my shepherd, I lack nothing.
2
He makes me lie down in green pastures, he leads me beside quiet waters,
3
he refreshes my soul. He guides me along the right paths for his name’s sake.
Wandile Nsibande of March and March explains why they decided to shut down the Home Affairs office on Moore Road. He says many of the foreign nationals seeking asylum are not coming from war-torn countries and argues that some are in South Africa primarily in search of opportunities.
R6.3 billion.
That is the number from the Tshwane study making headlines today. Money generated by foreign-owned spaza shops, moved out of South Africa through unregistered channels.
Unregistered SIM cards. Informal cash networks. No SARS trail. No SARB record.
Okay. Before you react - walk through this with me.
Formal remittances from SA to SADC already run over R19 billion a year. That is the visible part. Banks. Mukuru. Western Union. The R6.3 billion is informal flows from spaza shops specifically. Not all informal transfers. One slice of one sector.
This is not a crisis. It is an informal economy doing what informal economies do.
Follow the incentive.
87,000 registered spaza shops. 38% foreign-owned. But in the unregistered sector, foreign operators hit 50 to 70%. Only 30% of all spaza shops pay tax. Most trade is cash. No POS. No invoice. No trail.
Why?
Registration costs money. Compliance takes time. Documentation requires papers many do not have. When you make the formal door heavy, people use the window. Then you act surprised they are not inside.
The study also links unmonitored channels to the FATF grey-listing. That link is real. But the grey-listing came from weak beneficial ownership registers and gaps in formal financial regulation - not township shopkeepers sending money home. The spaza piece is one small gap among many.
The terrorism financing claim.
The media reports say the study found some funds reached Islamic State-linked cells in Kenya, Somalia, Nigeria, Mozambique. I need to flag this - the original paper is not publicly available. I cannot verify how strong that finding is. Treat it as reported, not confirmed.
What the headlines are really about.
Foreign spaza operators fill a gap formal retail left behind. Townships that Checkers and Shoprite do not serve. Customers who need credit. Late hours. Home delivery. They are providing a service because the formal economy did not show up.
Then they are criticized for operating outside the system that excluded them.
This is not to say R6.3 billion should go unmonitored. It should be. Untaxed money flows are a real regulatory gap.
But a solution that starts with "shut down foreign spaza shops" does not solve the remittance problem. It removes the retailer and leaves the informal money transfer intact.
The question is not whether R6.3 billion should be monitored.
It is whether SA wants 38% formal participation or 100 percent. And what it is willing to change to make registration worth the cost.
@appiecule But then again we need to understand that sports is just for entertainment purposes nowadays, it's theater and people will always talk about what's and who's trending, the hype, that YouTube Short, Instagram Reel, and TikTok highlight of football
@appiecule My brother
Unfortunately💔
To be a pure football enthusiast, passionate about the game and understand the game at the tactical and technical level you have just highlighted is becoming a rare thing nowadays
Pleople are more interested in TikTok highlights football
@appiecule But once again we need to understand that sports is just for entertainment purposes nowadays, it's theater and people will always talk about what's and who's trending, the hype, that YouTube Short, Instagram Reel, and TikTok highlight of the popular guys
I was reading Numbers and, for some reason, I decided to go down a rabbit hole about a seemingly innocuous detail. What I discovered blew my mind.
This was a great reminder for me: not a single word is wasted in the literal word of God.
Just by metrics, you will meet a lot of ungrateful people through your life. Do not let them train generosity out of you. Sometimes, you will be poorly rewarded for doing good, do not let it hinder your world view. The lesson is not to turn cold, but be a better judge of character and invest with discrimination. Improve your judgement rather than degrading your character.
Keep your wins a secret, or downgrade them. Most people are extremely envious. They do not see the extent of your efforts only the rewards of it. They begin to think you have it easy, or you were lucky. They slowly begin to poison your head by letting their insecurity become the architect of your ambition; passing subtle remarks to break your psyche, branding your self-belief as arrogance, and asking you to be humble.
You cannot have talks about job creation without inviting the job creators.
Government’s latest “partnership” with Big Business excludes the SMMEs that drive employment.
Until the hostile business environment is fixed, nothing will change.
Full video link in comments.