Clearstream

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@archpng A straight rainwaterpipe would be more respectful. This one detracts from the clean profile of the projecting masonry

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@kenlife202010 One thirty tooth

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@BrightInsight6 Doesn't seem like there is any actual evidence for there having been hieroglyphs on the columns. This seems to be a reporters fabrication. You should separate this out from the question of what happened to the skeletal remains as it dilutes that question

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@BrightInsight6 Hawass doesn't mention it himself? Just the narrator? So what was her source?

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@WhiteHouse TRUTH, SCIENCE and FACT have ruled out ONE scenario due to "the rapid rise of renewable energies" but don't let that FACT stand in your way.

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@engineers_feed 45. Less if you use a combination of 1x1x1, 2x2x2 and 3x3x3 sized cubes

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@NyamandePn @phillibecks @HopePerfect_Dla Changes the direction of the seating🙂

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@vlok_andre I agree. An incarceration sentence is excessive and will serve as a diversion from the need for accountability

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@Franklin_Graham @realDonaldTrump You are right when you "think there is an attempt to spin this into something that it isn’t". Only its you that are doing the spinning. You are clearly a very lost and giddy sheep. Can't help wondering if you seriously believe any of this BS you sprout?

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@FoMaHun And this from higher up

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@FoMaHun Feel free to unfollow now.

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@FoMaHun Might be worth looking at examples. This one is not very clear but interesting nevertheless.

Link https://t.co/RgPwJtGoig

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@FoMaHun I think it would be of interest to you.

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@FoMaHun You would have to temporarily follow me if you don't mind. Otherwise I would need to subscribe which I don't want to do at this stage. Thanks

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@TamiTamijack7 Helen needs to go build some sandcastles there now.

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@sandileswana @MolebatsiTurf Delete this fake post

[🖍 @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.