Audi Alteram Partem.
3.5K posts

Audi Alteram Partem.
@libthoughts
Wealth is created by the FREE individual, NEVER the State. Free markets. Unapologetically anti-Marx and anti economic over regulation.
World. Katılım Ağustos 2011
570 Takip Edilen302 Takipçiler

Mzansi: Where policy success looks different from the top.
@BizNewsCOM
Another cool collab with @RobertHersov

English

@ginnydmm Saw a huge Armscor billboard this weekend. Still can’t believe it. At this point I’d settle for someone just building a decent fence at the border.
English

@mar56350 Ok, so i am anti ANC policy, but what did you think of it?
English

Grok:
'Overall verdict: The facts and figures check out against National Treasury, Stats SA, and ratings data. The post is not disinformation but a pessimistic stress-test view common in opposition/critical economic commentary.'
Audi Alteram Partem.@libthoughts
English

@fastaireZA Please go see my articles, at least i can discus them with you.
English

Keep fighting the good fight.
I’ve tried facts, logic, reason, begging and even trolling. Now I just do coyote fiscal cliff postings explaining we are in free fall, we already stepped over the fiscal cliff, it’s fun with the wind in our hair, it will only hurt when we hit the bottom.
Unfortunately very few humans can see long term consequences.
x.com/fastaireza/sta…
English

Thirty years into a stalled economy, South Africa has hit a dangerous "overbend" where national debt is no longer a tool for growth but a trap for survival. In a healthy system, borrowing builds infrastructure that pays for itself through new jobs and more taxpayers. Instead, we have fallen into a debt death spiral, borrowing billions just to keep the lights on and pay civil servant salaries. Because the economy isn't growing, tax revenue can't keep up with the interest, forcing the state to issue new bonds just to pay off the old ones.
The scale of this collapse is clearest at Eskom, which is now technically insolvent with liabilities of R633.4 billion outweighing its assets. While the utility claims a R16 billion profit, this is a mask for a core that can't survive without a R254 billion taxpayer bailout. As businesses and homes switch to solar, Eskom’s revenue shrinks, leaving the remaining taxpayers to fund a bloated R43.2 billion wage bill and a "mad tariff" that would hit 300c/kWh if the state stopped the bailouts. We are no longer investing in the future; we are simply borrowing to manage the wreckage of the past.
A government bond is a formal contract where the state borrows massive sums of money from commercial banks, pension funds, and external international lenders. When these institutions "buy" a bond, they are essentially giving the government a cash loan to fund the national budget. In return, the government gives them an IOU promising to pay back the full amount by a specific date, along with regular interest payments until then.
For banks and pension funds, these bonds are usually seen as safe, reliable investments for your retirement savings. However, the system relies on the government’s ability to collect enough tax to pay that money back. If the state spends more than it earns and the economy stalls, these lenders start to worry. This is where the "death spiral" kicks in: if the lenders lose confidence, they demand higher interest rates to cover the risk, or the government is forced to borrow from one bank just to pay back another, effectively turning your pension fund into a life-support machine for a failing state.
I apologies for "man" explaining this but it is important.x.com/libthoughts/st…

English

@CitizenScoopX @PublicProtector So is there a guide to what constitute an insult, if she say public does she refer to citizens? What if Joe Rogan insults them?
English

Good morning X!!😎☕️🫡
📢Did you know!!📢
The @PublicProtector, Adv Kholeka Gcaleka sent a warning to the public that if you insult her or her office, you could face a R40k fine OR 12 months in jail.
----------
This is stated in the Public Protector Act 23 of 1994:
justice.gov.za/legislation/ac…
Section 9 Contempt of Public Protector:
(1) No person shall-
(a) insult the Public Protector or the Deputy Public Protector;
11 Offences and penalties:
(4) Any person convicted of an offence in terms of this Act shall be liable to a fine not exceeding R40 000 or to imprisonment for a period not exceeding 12 months or to both such fine and such imprisonment.
----------
So considering the above, I have a few questions for the so-called Public Protector and her Deputy!!
1. If the Public Protector exists to investigate corruption and maladministration by politicians and officials, why does the law allow her office to threaten the very public it's supposed to protect with jail time for "insults"?
2. How can an independent Chapter 9 institution claim to serve the people while criminalising criticism of itself? Isn't that the opposite of accountability?
3. Would calling your Phala Phala report "a disgrace" or "politically compromised" land someone in jail under Section 9? Where exactly does "criticism" end and "insult" begin?
4. In a country ranked poorly on corruption indexes, is threatening citizens with R40k fines or 12 months imprisonment the best use of the Public Protector's resources right now?
5. Does Section 9 of the Public Protector Act pass constitutional muster under Section 16 (Freedom of Expression) and Section 32 (Access to Information)? Has this provision ever been challenged in the Constitutional Court (@ConCourtSA)?
6. Why does the Public Protector enjoy stronger legal protection against "insults" than ordinary citizens, judges, or even "President" @CyrilRamaphosa?
7. If every Chapter 9 institution starts criminalizing criticism, what happens to public trust and democratic oversight in South Africa?
8. Will your office investigate complaints about its own conduct, or does that fall under the same "contempt" rules?
9. How many ordinary South Africans (not politicians) have actually been prosecuted under this "insult" clause in the last 10 years?
10. Should @ParliamentofRSA amend or scrap Section 9 entirely to align with a modern constitutional democracy?
Last but not least, considering the above, is South Africa truly a democracy then?
* Isn't this borderline authoritarian overreach!!
Kholeka, YOUR🫵office is meant to protect the public, not the powerful!!

Public Protector South Africa@PublicProtector
Media Statement | Constitutional Court Judgment on National Assembly Impeachment Process #ethics #integrity #accountability #parliament #ConstitutionalCourt
English


I don’t know who needs to hear this, but government does not create jobs. The private sector does. Government just needs to stop making it harder for businesses to function, grow and employ people. But they refuse.
Sir Lebona Cabonena@LCabonena
Meanwhile
English

I share your frustration. Not only are we sitting with a subject nobody understand but get frustrated with, we siting in a socialist orientated populated country, and the schooling don't help. Go have a look at my articles on my profile and use them. Keeping still will not help either. My new plan is "mansplaining" it.
English

@libthoughts I’ve been telling people about the fiscal cliff for more than 10 years, nobody cared. Economists and media were more interested in talking about the rise in sin taxes than government overspending and the unsustainable debt.
GIF
English

@MadDuck68317982 No politician ever in the history have ever created wealth, the can tax the ones that do and give that money as a salary to a state employed person doing bullshit jobs. look here is the 2026 state budget:

English

Yes, IF 5% is achieved then it will slowly change. This leaves generational unemployment. The majority of SA voters is socialistic orientated, and with the the current form of the NDP, breakout unrealistic.
What really bugs me is even if there is a breakout, the school curriculums do not teach free economics and focuses on welfare state models and the China models, so generations will remain trapped in the Marxists mindset.
English

If you are an unemployed person/youth looking for work in South Africa, I want you to listen to me very carefully, because no politician is going to campaign by telling you the truth.
South Africa's unemployment rate is currently 32.7%
At a sustained 5% annual GDP growth (we've barely achieved 1% for over a decade), reducing it to 20% would likely take 12-18 years.
Read that again.
Read it again.
IF 5% - maybe 12-18 years.
This assumes some translation from growth to jobs, but SA's structural issues create jobless growth. This is why investment doesn't = employment.
Even optimistic models project slow progress.
4% growth barely dents youth unemployment.
Again, Cyril and their policies can't achieve 1%.
The majority of you will NOT SEE employment in your lifetime. I'm sorry to tell you that.
The ANC has stolen your life.
Every dream you ever had.
Wrap your mind around that.
Have a blessed day.
English

@Themba0381 @Our_DA What if the gift of entrepreneurship gives a South African the greatest amount ever ? And that is not someone you like? You simply will ignore and reject the gift ?
English

@libthoughts @Our_DA Rest of the world does not have a black government that puts its people first or atleast try too.🤷🏽 so that wont happen
English

Competition that would benefit who??? Definitely not the consumer we are not as dumb as your voters anything that is privately owned needs to generate profits and pay dividends. This shameless @Our_DA minister is romanticizing the poverty that comes with privatizing the basics.
SABC News@SABCNews
WATCH | Deputy Minister of Electricity and Energy Samantha Jane Graham-Maré says government wants to create a competitive electricity market in the country. She adds that South Africa’s wholesale electricity market will be a game changer.
English

Why roll out the red carpet for BlackRock?
Why constantly criticize the IMF as “imperialist”?
Why rush to borrow from BRICS instead?
And why keep pouring billions in taxpayer bailouts into Eskom?
Why is you NDP (aka NDR) that you so proudly developed not working is it perhaps because it is a Democratic Socialistic in nature?
The Dude is looking (begging) for capital? or is he asking for a 30%cut?
English

South Africa has the largest, most industrialised and most diverse economy in Africa.
We have a sophisticated financial sector, deep capital markets, substantial mining reserves, vast tracks of arable land, untapped wind and solar energy resources, and cutting-edge digital infrastructure.
x.com/i/broadcasts/1…
English

This is a very good economics video. I helps in undersanding our situation we are in South Africa. @FighterKamza The 2024 Nobel Prize in Economics: Explained youtu.be/P60TX-dwd4s?si… via @YouTube

YouTube
English

@Ripliancom I believe at the time the ladies had a stake in raiding they were so called "shield maidens" anyway Hollywood stuff i agree.
English

Notice that DEI has invaded this video too.
Audi Alteram Partem.@libthoughts
@NiohBerg Better do Dances With Axes.
English

Hi Mark. Recall the capital injection for loadsheding reduction, Medupi and Kusile, lies at the core of the tariff rate, Then there is the Eskom books as highlighted in their 2025 report by the auditors. Then they are inflating transition capital value to support the tariff hikes, all funny stuff. Capital and Opex mismanagement.
But essentially they are technically bankrupt, they rely on the government bond mailouts (our tax money) as they are unable to source capital on the open market.
If you do a raw calculation the real tariff based on the R633 Billion debt the tariff should be around 300c per KWh average.
English

For your benefit and for the benefit of good will, I’ll simplify: the 2025 Audit confirms a R50 billion asset shortfall and a R633 billion debt mountain. When Deloitte flags R16 billion in fake savings and staff costs hit R43 billion, it isn't 'nothing', it is a technical insolvency kept on life support by your taxes. If the math is too much, just wait for your next electricity bill; the 'nothing' will be in your bank account
English

Eskom and the ANC clowns running SA: You’re not a utility, you’re a looting operation with power lines.
Taxpayers bail you out while your execs balloon staff costs from R35bn to R43bn in one year, R3.7bn incentives + R800m bonuses, for what? Keeping the lights off?
Technically insolvent by R50bn, Deloitte flags fake “savings” and criminal bookkeeping, yet you announce a fake “profit” like it’s a victory lap.
Private company? Liquidated yesterday. Instead you’re a zombie parasite sucking the sovereign dry. The “handshake” sale is a scam, R400bn wouldn’t even cover your debts. Just another taxpayer funeral.
Fire the board, jail the looters, or admit you’re running a failed state.
References:
Eskom FY2025 Annual Results: Payout and employee cost data.
Deloitte Audit Report FY2025: Qualified opinion and misstatements.
AGSA Briefing: Asset vs liability gap and insolvency. National Treasury: Debt relief and shareholder loan conversions.
The incompetent fools:

English

For your benefit and for the benefit of good will, I’ll simplify: the 2025 Audit confirms a R50 billion asset shortfall and a R633 billion debt mountain. When Deloitte flags R16 billion in fake savings and staff costs hit R43 billion, it isn't 'nothing', it is a technical insolvency kept on life support by your taxes. If the math is too much, just wait for your next electricity bill; the 'nothing' will be in your bank account
English

@libthoughts This is rubbish. You’re on an emotional rant, get over it.
English







