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[Rendani (MBA - Wits) @Rendani666]

In Sandton, the audit partner signed off the financial statements of a mid-sized logistics company after a six-week audit. The numbers balanced, the controls appeared sound and the board received a clean opinion. Eight months later the company collapsed after investigators uncovered R380 million in fictitious revenue that had existed for years.

A Thread.

[dinaledi aligning 💜 @____justsihle]

Yeah I’m definitely closing my @StandardBankZA account before the end of the month 👍🏾

[African Maps @MapsAfrican]

Ocean drainage basin map of Africa

[Africa Research Desk @MightiJamie]

The private sector can be extremely inefficient and corrupt especially when they are a monopoly or oligopoly.

Privatisation can show you flames and you will have no power to do anything about it.

Someone moved out of an apartment serviced by Vumatel. They cancelled their contract, moved out but Vumatel switched off the fibre connection of the wrong unit and the ISP collected the money over R1000.

The issue was raised with the internet service provider (ISP),
1. the ISP blamed Vumatel, and

2. the technicians from Vumatel then blamed ISP

3. it took five days of multiple hour long phone calls, after being on hold for hours speaking to various call centre agents and numerous ticket numbers for them to acknowledge the problem is not the router, the problem is not the customer in the apartment cancelling but rather their own error.

The work hours lost on phone resolving the issue approximately 12 - 15 hours.

About 75% of the calls that got through were merely the call centre agents were blaming the customer and telling the customer that the issue was caused by them somehow. Telling the customer to reset the router, describe the colours they were seeing on the boxes. Questions about switching it off and on again.

Turns out that after five days of the customer speaking to the technicians the customer figured out that they- the ISP and Vumatel mixed up apartments in their connection and allocations of fibre lines. So when unit 97 moved out they switched off unit 99.

This could only happen after they were put on a joint call to avoid the broken telephone effect. It was a two hour process on Friday the 6th of March.

After acknowledging the problem five days after disconnecting but still debiting the other customer account they then say the problem will take 7 days to fix. They say it’s a request for a new line.

So because it’s a request for a new line - the apartment that is affected has no access to fibre internet from the 2nd to the 13th of March. They are expected to just accept this, there is no offer of a refund, no formal apology.

The customer has to spend additional resources to access the internet in the duration of that period for work, communication, entertainment and learning.

When some political parties preach privatisation of public goods like water or electricity, they alway pretend it will be more efficient and cheaper.

Vumatel however shows that they can be as slow and as bad as any other entity. When you have a monopoly, there is no accountability, no urgency.

I can’t imagine going through this with water and electricity.

[The Touchline | 𝐓 @TouchlineX]

🚨 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Arsene's Wenger new offside rule has been APPROVED and will be used in the Canadian Premier League!

A player will ONLY be offside if he has FULLY passed the last defender, so it won't be decided based on a body part anymore.

If succesful, the offside rule could change across the entire world from the 2027/28 season on.

[Man’s NOT Barry Roux @AdvoBarryRoux]

According to Thulani Mahlangu, Wagner Group paid Duduzile Zuma-Sambudla R14m to recruit 19 South African to fight in Russia Ukraine war. The recruits were promised R25k per month, but neither they nor their families received any payment. 2 men died in the war, 17 are back in SA.

[mostbetz @mostbetz]

Trash service @webafrica

[mostbetz @mostbetz]

Top strike from Kroupi #BOUARS

[PD @1_2spaces]

Jakub Kiwior.

[mostbetz @mostbetz]

@vumatel @webafrica any update on outage in Bryanston? (Hobart)

[mostbetz @mostbetz]

@webafrica any update on outage in Bryanston ?

[Rollo Tomasi @DrunkUncTony]

This the video imma show the Aliens when they ask what being from the United States means.

[Madima @MaanoMadima]

Pick n’ Pay’s CEO resigned effective immediately.

The last 3yrs were characterised by the following challenges;

Covid-19,
July unrest,
High interest rates and inflation,
Loadshedding.

The biggest one was losing the fight to buy Cambridge which was won by Shoprite.

[Thread]

[mostbetz @mostbetz]

@LyndaShacks where does ward 103 register to vote?

[mostbetz @mostbetz]

@CityPowerJhb Any updates on block 14 Bryanston??

[mostbetz @mostbetz]

@CityPowerJhb Please provide update for Block 14 Bryanston. Went on for 10 minutes after 6am and been off since.

[mostbetz @mostbetz]

@CityPowerJhb Bryanston (14) is still without power. What’s the issue?

[kid Fonque @KidFonque]

A public announcement.

This Sunday will be the last #SelectiveStyles show on @5FM

Thanks for listening 🙏🏻

[kordell @lledrok]

shit like this makes me hate eminem

[mostbetz @mostbetz]

@UMngomezulu_ @MakeItAQuote