South Africans pay the price of ignoring red flags; new Steinhoff book

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CAPE TOWN — UCT Graduate School of Business Associate Professor, Mills Soko, extolls the virtues of well-researched, probing journalism as a teaching tool in this glowing review of James-Brent Styan’s book, “Steinhoff; Inside SA’s Biggest Corporate Crash.” Perhaps unsurprisingly, given South Africa’s jaw-dropping private and public sector malfeasance, the book highlights the dangers of the “Big… Read More

Viceroy strikes SA again as NEPI Rockcastle plunges on JSE

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JOHANNESBURG — After Steinhoff and Capitec, another South African JSE-listed company has found its way into Viceroy’s sights. Commercial property developer and investor NEPI Rockcastle found its share price on the JSE tumbling by over 14% at one stage during trade on Wednesday as Viceroy published a report accusing the company of inflating its net… Read More

NEPI Rockcastle – Horsing around in the Stable

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Irreconcilable international earnings, enriching management through M&A, hoodwinking investors through misleading analysis via rejection of independent investigation. Report – Download Link Letter to Auditor – Download Link NEPI Rockcastle (JSE:NRP) is a JSE-listed entity holding one of the largest real-estate investment portfolios in Eastern Europe. Viceroy’s investigations have uncovered numerous inconsistencies within NEPI Rockcastle’s financial… Read More

Military Officials Angered Over UK Dispatch Of "Survey Ship" To Black Sea; Calls For Destroyer

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The national security monitor and publication Strategic Sentinel confirms that Britain is to dispatch the HMS Echo, a UK Royal Navy survey vessel and monitoring ship to the Black Sea following the Russia-Ukraine incident near the Kerch Strait. But crucially there are already calls from top British commanders to send a much more powerful and capable Type 45 destroyer,… Read More

Tepper: American Corporations Are Winning Their War On Capitalism

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Authored by Jonathan Tepper via Bloomberg.com, (This is the second of two excerpts from “ The Myth of Capitalism: Monopolies and the Death of Competition.” Read part one here.)  When tech giants stamp out startups, they smother productivity. America is supposed to be a land of economic dynamism filled with disruptive companies, but the reality is very… Read More

Kass: My 15 Surprises For 2019

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White House Politics: (When asked what he wanted to give thanks for during a press gaggle Thanksgiving Thursday, Trump responded), “for having a great family and for having made a tremendous difference in this country. I’ve made a tremendous difference in the country. This country is so much stronger now than it was when I… Read More

General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble

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America’s twin economic “generals” are both in very deep trouble.  General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet.  But now it is drowning in so much debt that it may be forced into bankruptcy.  General Motors was founded in 1908, and at one… Read More

China Offers $86,000 Reward For Snitching On Porn

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Incentivizing neighbors to snitch on neighbors, co-workers to snitch on co-workers and family members to snitch on family members has been a hallmark of Communist Rule since the rise of Stalin. Now, the Chinese Communist Party is using these age-old techniques to root out a popular, if illegal, blemish on Chinese society: Pornography.  After sentencing… Read More

Discovery Bank’s BEE plan: Adrian Gore responds to critics

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JOHANNESBURG — AfriForum has got itself worked up in recent days over a plan by Discovery Bank to issue shares to black South Africans. It’s been quite incredible to watch AfriForum trumpet up negative noise about this black empowerment scheme, which on the surface actually looks like a completely rational plan by Adrian Gore and… Read More

There Are Two Kinds of Money Problems…

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This post There Are Two Kinds of Money Problems… appeared first on Daily Reckoning. Most retirement research points to an impending crisis for about half of Americans who save too little at the advice of their financial planner. Because people worry about outlasting their savings, most adjust by living humbly – often too humbly. If… Read More

Become Debt-Free in 4 Easy Steps

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This post Become Debt-Free in 4 Easy Steps appeared first on Daily Reckoning. When you receive a paycheck, who do you pay first? If you’re like most Americans, you’re probably paying everyone else first—your rent/mortgage, groceries, utilities, car payment, insurance, etc. Once you’re done paying all those bills, you stick whatever you have left (if… Read More