Mteto Nyati

BSG Chairman. Author of Number One Bestseller “Betting on a Darkie”. He is passionate about people and technology. Mteto is a 2004 Yale University World Fellow.

[Mteto Nyati @mteton]

@KhushiDiva2 A

[Mteto Nyati @mteton]

@Lebelo_la_ As citizens, we must clearly separate government and private sector responsibilities. Companies pay corporate taxes so municipalities can fund infrastructure. Misuse of these funds by officials is not the private sector’s duty. We must hold them accountable.

[Mteto Nyati @mteton]

@Keysie_za @rzondo I never said India eliminated poverty. I said it has lifted hundreds of millions of people out of poverty. But don’t let what I actually said ruin your favourite strawman.

[Mteto Nyati @mteton]

China and India have lifted hundreds of millions of their citizens out of poverty through market-oriented economic reforms. Yet in our country, business is still too often treated as an enemy rather than a partner for development. Why can’t we learn from their success? #ProudlySA

[Mteto Nyati @mteton]

@Keysie_za @rzondo I never said India has eliminated poverty. I simply said it has lifted hundreds of millions of people out of poverty. Quite the big difference - but please, don’t let that get in the way.

[Mteto Nyati @mteton]

@DrKgabo_ Over the past 40 years (roughly mid-1980s to 2025), India has lifted hundreds of millions of people out of poverty - one of the largest and fastest poverty reductions in human history.

[Mteto Nyati @mteton]

@VimleshRajbansi @Hadoukken_ Who spoke about secondary or additional tax? The only organisation smiling when people withdraw their money is SARS — they get their tax revenue today rather than tomorrow. Time value of money. You’re just repeating what I said at the very beginning, using far too many words.

[Mteto Nyati @mteton]

@VimleshRajbansi @Hadoukken_ Vimlesh, let’s stop before this engagement deteriorates into something we’ll both regret. Ciao.

[Mteto Nyati @mteton]

@VimleshRajbansi @Hadoukken_ So what exactly am I ignorant about? You’re simply repeating what I already said, just using more words. The only organisation benefiting is SARS - by getting its taxes sooner.

[Mteto Nyati @mteton]

@VimleshRajbansi @Hadoukken_ Withdrawing money through the two-pot system does not benefit the insurance industry. Insurers would much rather keep those funds invested and earning interest. The only ones smiling are SARS.

[Mteto Nyati @mteton]

@VimleshRajbansi @Hadoukken_ The two-pot system was not invented by insurance companies. It was actively driven by labour unions in particular. Despite its intentions, it is ultimately bad for employees.

[Mteto Nyati @mteton]

@VimleshRajbansi @Hadoukken_ So how is the industry creating unemployment and poverty?

[Mteto Nyati @mteton]

@BuddyWells1 @TheHedgeFundGuy Do you have a provident or pension fund? What exactly do the trustees demand of the fund administrators? What mandates do they give for diversifying risk? And as an employee, what returns do you expect on your monthly contributions? Things usually make sense closer home.

[Mteto Nyati @mteton]

@Hlomza_ZA I agree 💯. We should get ourselves into the game.

[Mteto Nyati @mteton]

@VimleshRajbansi ??

[Mteto Nyati @mteton]

@KlausMu94785909 @flip_buys Blanket generalisations are dangerous. Your observations about us are complete nonsense.

[Mteto Nyati @mteton]

@TheHedgeFundGuy Loyiso, let’s be honest. Take any insurance company and ask yourself this: How exactly is it entrenching poverty, inequality and unemployment?

[Mteto Nyati @mteton]

@TheHedgeFundGuy Loyiso, let’s be honest. Take any insurance company and ask yourself this: How exactly is it entrenching poverty, inequality and unemployment?

[Mteto Nyati @mteton]

@Ashanti46034923 That is why I said compromises must be made by everyone - business, labour and government for the benefit of SA Inc.

[Mteto Nyati @mteton]

@ZweSibiya @MduduziMats @aaron_mokabane Have you tried to understand why the need has decreased? What is the root cause? All companies want to grow. If sector policies in SA are uncertain, they will invest in Australia, South America, Eastern Europe and China instead. It is that simple. SA operations will decline.