Angry citizen

@ThumaFoundation How different would this state of inequality been if the government had not stolen the country blind through overpriced corrupt practices and allowed market related practices instead of BEE enabled preferential income for ANC connected thieves.

By most measures of economic inequality, including the Gini coefficient, in which South Africa consistently ranks among the world's worst, political democratisation has not produced proportional redistributive transformation. The paradox this produces is among the most challenging in contemporary democratic theory: a society of constitutionally equal citizens living materially stratified lives, where access to wealth, land, quality healthcare, and economic opportunity remains distributed along fault lines that apartheid engineered and democracy has insufficiently disrupted. Political freedom is not a trivial achievement but freedom that cannot be eaten, that cannot pay school fees, that cannot secure housing, is freedom experienced as a cruel abstraction by those on the wrong side of the inequality curve. The unfinished work of South African democracy is, in large measure, economic. #RememberReflectRebuild #DemocracyWorksForAll

@KhuselaS @MYANC What benefit do whites enjoy from your racist corrupt ANC administration besides paying tax?

How much of it has gone to inclusive programmes aimed at building a South Africa that works for all its people and not just a few? Leopard, stripes, and so on and so forth. Congrats to you and your ilk. @MYANC will continue despite the challenges implementing programmes for all its citizens (including those that you leave behind unless you are considering another Broederbond incarnation then we can leave yours out)

@ThumaFoundation Now ANC intent on dismantling the constitution wherever it can.

Chapter 9 of South Africa's Constitution established independent institutions designed to protect democracy from the state itself among them the Public Protector, the Human Rights Commission, the Commission for Gender Equality, and the Auditor-General. These institutions reflect the hard-won wisdom of a generation that watched the state weaponise every institution against its own people. They built accountability into the Constitution not as an afterthought but as architecture. The generation of 1976 understood power intimately and they designed a democracy that would not allow power to go unchecked. #RememberReflectRebuild #DemocracyWorksForAll

🚨 SO WHO IS NEXT? Now that the Defence Secretary has officially walked out over that massive five billion pound cut to our military, the Labour government is in complete freefall. 🤡 The Health Secretary quit. John Healey resigned. Ninety eight of his own MPs want him gone. Absolutely nobody wants to be tied to Keir Starmer's catastrophic regime anymore. They will magically find billions for luxury migrant hotels, but they completely refuse to fund the jets and ships our soldiers need to actually defend the country. 💷 Starmer is nothing but a political squatter barricaded inside Downing Street while his own cabinet disintegrates right in front of his eyes. The country is completely done with them. RT if you want this miserable government out so we can finally take our country back! 🇬🇧🔥

@ThumaFoundation I do not doubt education under apartheid was bad for black people. My point is that the ANC government has not improved things - on some respects worse - very few new schools causing overcrowded schools and absentee unionised teachers

@Angryci12111663 I encourage you to test your literacy and read this report. In 1976 children were being taught to only be labour force such as maids and factory workers. Thats not the world we live in today however. Progress has been made. dhet.gov.za/Information%20…

Apartheid deliberately built an inferior education system to ensure Black youth could never challenge the government. It was called Bantu Education and it was designed to produce obedience, not thinkers. Instead, those same students fled into exile, studied across Africa and the world, and came home as the lawyers and leaders who dismantled apartheid entirely. The system built to oppress them built them instead. 💡 #June16

@SizweLo More nuanced - one might get what one paid for - but at what price? Acceptable market related price or horribly inflated corruption related price?

Whenever you see terms like “irregular, fruitless, and wasteful” bunched together in a headline alongside R45 billion, it appears like all that money was packed into a suitcase and thrown into a fire, or just outright stolen. But in reality, there’s a massive difference between “fruitless and wasteful expenditure” and “irregular expenditure”, as I showed six years ago(x.com/i/status/12786…) In fact, the vast majority of the multi-billion-rand backlog falls under irregular expenditure, meaning the city actually did get exactly what it paid for. As the City of Joburg’s Head of Investigations, Sinaye Nxumalo, points out in the article: “The work was rendered [and] the city did realise benefit...” When the city “writes off” or “regularises” these billions, it means they investigated the transactions and confirmed that the money wasn’t stolen or evaporated, the city actually got the roads, the electricity cables, or the services. They are fixing the accounting paperwork because the physical benefit was already delivered. If it had been pure “fruitless” expenditure, there would be no benefit to regularise, and the city would legally have to try to get that money back from the specific officials who wasted it.

@MillieMarconnni Crypto

A British novelist whose father worked in a bank explained the entire 2008 financial crisis in a 272-page book that a 12-year-old can follow, and the part that should scare you is how simple the fraud was once he stripped the jargon off it. His name is John Lanchester. He is a novelist by trade. He writes for the London Review of Books and The New Yorker. He grew up in Hong Kong because his father worked at a bank there, which means he absorbed the language of finance the way most kids absorb the language of cartoons. By the time the 2008 crisis hit, he was one of the very few writers on earth who could speak both finance and English fluently. He sat down and wrote a book called I.O.U.: Why Everyone Owes Everyone and No One Can Pay. In the UK it was published under the title Whoops! It came out in 2010. 272 pages. The reviews from financial journalists were almost embarrassed in their praise, because Lanchester had done in plain English what most of them had failed to do in years of professional coverage. He had actually explained what happened. Here is the version a middle schooler can understand. Step one. A bank gives a home loan to a person who clearly cannot pay it back. No real job. No savings. No way to make the monthly payments. The industry had a nickname for these loans. They called them NINJA loans. No Income. No Job. No Assets. The bank knew the person could not pay. The bank did not care. Why did the bank not care? Because the bank was not going to keep the loan. Step two. The bank takes thousands of these loans, puts them in one giant pile, and sells the entire pile to a Wall Street firm. The Wall Street firm now owns the right to collect all those monthly payments. The original bank has been paid. Whether the homeowners actually pay or not is now someone else's problem. Step three. The Wall Street firm takes the giant pile of loans and chops it into slices. They call the slices tranches. The top slice is supposed to be the safest because it gets paid first. The bottom slice is supposed to be the riskiest because it gets paid last. They give each slice a credit rating. The top slice gets stamped AAA, which is the highest rating you can get on earth. It is the rating used for the bonds of the United States government. A pile of loans to people with no income and no job has just produced an investment product rated as safe as the United States government. Step four is where the trick gets worse. The bottom slices, the ones full of the riskiest loans, are hard to sell. Nobody wants junk. So the Wall Street firm takes the bottom slices from a hundred different piles, mixes them together into a new pile, and chops that new pile into new slices. And the top slice of this new pile, made entirely from the junk of the old piles, also gets stamped AAA. This new product has a name. It is called a Collateralized Debt Obligation, or CDO. A 12-year-old can see what is wrong here. You cannot take a hundred bags of garbage, dump them into one big bag, and then declare that the top of the big bag is now gold. The garbage is still garbage. The math does not change it. But the people who ran the ratings agencies were not 12-year-olds. They were adults with finance degrees. And they stamped this stuff AAA over and over again because the Wall Street firms were paying them to do the stamping. The ratings agencies had become a paid service. The people they were rating were also the people writing their checks. Step five. The Wall Street firms sell these AAA-rated CDOs to pension funds, foreign governments, insurance companies, and retirement accounts all over the world. Everyone buys them because the rating says they are safe. Step six is the final trick. Someone invents a product called a Credit Default Swap. It is insurance against a CDO going bad. The clever part, the part that Lanchester explains so well, is that you do not have to actually own the CDO to buy insurance on it. You can buy insurance on a CDO that belongs to someone else. You can buy insurance on a CDO ten times over. A hundred times over. There is no limit. This is the equivalent of taking out fire insurance on your neighbor's house. And then on a thousand strangers' houses. And then betting against the entire neighborhood. The smart people in the industry realized the CDOs were garbage. So they started buying credit default swaps against them. Not to protect themselves. To bet on the collapse. Step seven was the part nobody planned for. Housing prices stopped going up. The NINJA borrowers, who had been refinancing every year by using the rising value of their houses as collateral, suddenly could not refinance. They started missing payments. The bottom tranches of the CDOs started failing. Then the middle. Then the AAA tranches that had been declared safer than government bonds turned out to be made of the same garbage as the rest. Then the insurance bills came due. The biggest insurer in the world, AIG, had written hundreds of billions of dollars in credit default swaps on these CDOs. They did not have the money to pay. If AIG collapsed, every major bank on earth that had bought insurance from them would also collapse, because their "safe" CDOs would suddenly have no insurance. The American taxpayer ended up writing AIG a check for 182 billion dollars to keep the entire global financial system from falling apart. The total damage of the crisis, by every honest estimate, runs into the trillions of dollars. Millions of people lost their homes. Millions lost their jobs. Almost nobody on Wall Street went to jail. Here is the part Lanchester drives home in the final chapters, and the part you should not forget. The fraud was not hidden in the math. The fraud was hidden in the complexity. Each individual step looked legitimate. Each individual product had a name, a rating, a paper trail. The reason nobody stopped it was that no single regulator, no single executive, no single auditor was forced to look at the entire chain from end to end. The garbage at the start and the AAA stamp at the end were separated by so many layers of paperwork that everyone could honestly say their specific layer looked fine. Lanchester's central argument is the one that should haunt every person reading this in 2026. Complexity is the disguise. Anytime a financial product is so complicated that the person selling it cannot explain it in 60 seconds, the complexity itself is the warning sign. The complexity is not protecting the customer. The complexity is hiding the fact that the customer is the product. The 2008 crisis was not a failure of intelligence. It was a failure of plain language. Almost every product on the market today that is being sold to retail investors, from leveraged ETFs to certain crypto derivatives to private credit funds, has the same structural pattern. Layered. Hard to explain. Stamped with an authoritative rating. And the people selling it can never quite tell you what is inside. Which brings me to the question. The next 2008 is already being built somewhere in the financial system right now. Which industry, or which product, do you think is hiding the same trick under the same kind of complexity right now in 2026, and what makes you suspicious of it?

@HendrikdeJager3 @KanthanPillay Good question

@KanthanPillay Are you retarded?

30% 🇿🇦: Starlink is a security threat!

@Askash Competition for the state owned monopoly ACSA.

If you want to know where property growth is heading, follow the runway✈️ Long before the first plane lands at the new Cape Winelands Airport, investors are already buying the land around it. Now ask yourself why? Because airports attract logistics companies, warehouses, hotels, retailers, offices and the infrastructure needed to support them. Entire economic ecosystems form around major airports. One development (5km from the future Cape Winelands Airport) that looks exciting is the Mountain View Business Precinct. Quick details about the industrial park: Phase 1: • 66,500m2 secured by national + international users • 18,681m2 single plot of serviced industrial land remains for sale • Already 75% sold out Phase 2 • 120,000m2 planned for release The development will also include upgrades to Darwin Road, helping unlock the broader Durbanville industrial node. There is a term urban planners use for development around airports: aerotropolis. Think of it as an airport-centred city where industrial, commercial, retail and hospitality developments cluster around aviation infrastructure. We've seen this happen around major airports across the world. Now we're watching it happen in the Cape Winelands. Construction is expected to begin within the next 3 months. I've said it before, if you can, always buy near the airport. Drone image credit: JW Brand Solutions

@ThamiMasemola Seven Ferrari's - buyers need to be investigated by SARS.

BREAKING: Mzansi new vehicle (Passenger and LCV) sales for May 2026! 1. Toyota (including Lexus and Hino) – 10667 units 2. Suzuki – 5 546 3. Volkswagen Group (including Audi) – 5 295 4. Hyundai – 3 054 5. Ford – 2 932 6. GWM (including Haval, Tank and Ora) – 2 605 7. Chery – 2 569 8. Jetour – 2 020 9. Mahindra – 1 429 10. Isuzu – 1 371 11. Omoda and Jaecoo – 1 369 12. BMW Group (including MINI) – 1 349 13. Kia – 1 312 14. Renault – 1 240 15. Stellantis (including Alfa Romeo, Citroen, Fiat, Jeep, Leapmotor, Opel and Peugeot) – 811 16. Nissan – 789 17. BYD – 748 18. Tata Motors – 605 19. Mercedes-Benz – 508 20. Foton – 495 21. MG – 455 22. JAC – 302 23. JLR (including Jaguar, Land Rover and Range Rover) – 231 24. Mazda – 215 25. Changan – 200 26. BAIC – 190 27. Honda – 161 28. Mitsubishi – 156 29. LDV – 131 30. Porsche – 103 31. Volvo Cars – 90 32. Tata – 76 33. Subaru – 48 34. Proton – 14 35. Scuderia (Ferrari) - 7

@its_mizuko_ 6

Only for mathematicians , because only those will find the answer what was the answer?

@RobinstickC The ANC

¿Cómo se llama en tu país un grupo de ratas? 🐀

@prachiii_rwt @grok mosquito

People usually guess sharks or snakes, but the truth is way smaller and more annoying. Any guesses? (No Googling, let's see who actually knows this!)

@nanashin1 @1inessy Japanese born Shinto, marry with christian type ceremony and buried as Bhuddists for reincarnation.

@1inessy 日本人は数多の神の中に生きている 信仰心が無いのではなく、生活の全てが信仰なのだ 特定の唯一神を信じていないから、無神論扱いされているだけだ

Countries with the Highest Percentage of Atheists: 🇨🇳 China: 91% 🇯🇵 Japan: 86% 🇸🇪 Sweden: 78% 🇨🇿 Czech Republic: 75% 🇬🇧 United Kingdom: 72% 🇧🇪 Belgium: 72% 🇪🇪 Estonia: 72% 🇦🇺 Australia: 70% 🇳🇴 Norway: 70% 🇩🇰 Denmark: 68% 🇻🇳 Vietnam: 67% 🇩🇪 Germany: 66% 🇰🇷 South....see below

@Absolute_Kganki What did the Panda do about it?

Dr. Naledi Pandor says when President Zuma appointed her as the Minister of Home Affairs, it was the hardest department in her political life. This is because of the corruption she found in there whereby our very own public servants were selling ID and visa documents. Now connect the dots with the revelations of Gen. Mkhwanazi and ask yourself how organised crime has been finding expression in our country.

@Friyaneb 4

Only for mathematicians 90% failed

@elizax650 Freddy Mercury

Name of a famous Queen

@vigilantersa Mathew Burke Prof Jansen General Mkwanazi Wayne Duvenhage Brian Kantor Helen Zille William Gumede

If we wiped out democracy & current govt structure in South Africa, and appointed a 7-member team with full authority, and a serious budget to sort out the country and set up new systems. WHO IS THAT TEAM?

@Simi_2210_ 3

Let’s see who actually remembers basic math Your IQ test for today starts now