PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Molyone
 
Comments: 9
Article views: 1
 
 
Latest Badges:


 
View all Molyone's badges.
 

SA Incorporated - A Joke!

11 February 2013, 13:00

In any business the company is owned by the shareholders and in order to gain a share you have to invest capital - The Shareholders in turn appoint a Board of Directors to operate, manage and grow the business thereby providing a return to the investors (shareholders) on the capital that they have invested.  The Board of Directors is accounatable to the shareholders and if they, The Directors, should fail to provide a return on the investment of the Investors, they are replaced and definitely not rewarded !!

Pretty simple and straightforward yes?

Now lets apply this business philosophy to the largest "Corporate" in SA - SA Incorporated aka The Republic of South Africa.

The investors in this corporate can be fairly defined as those persons and entities that pay taxes - they are putting capital into the company - the taxpayers.  According to info at my disposal there are close on 5 million registered tax payers in SA.

In applying the business philosophy alluded to in my opening paragraph it is reasonable to expect that the "shareholders" in SA Inc should appoint the Board of Directors (aka The Parliament of South Africa) and that the appointed Board of Directors will in turn appoint the Chairman of the Board (The President).

However in the case of SA Inc persons and entities that are in most cases short on business accumen and understanding of economics, have in the first instance appointed the "Chairman" who in turn appoints the "Board of Directors".

Then to make matters worse the appointed "Board of Directors" who through publically demonstrated dementia apply "business principles" that not only fall short of reality but place the welfare and livelihood of hundreds of thousands of "non investors" at risk - The Farm Wage debacle immedietly springs to mind.

Now what really is mind boggeling is when said "Chairman and Board of Directors" publically display anomosity to "investors" when those "investors" fail to receive a return on their investment and as such withdraw their investment - Anglo to cut 1400 jobs comes to mind.

To maintain SA Inc business principles need to apply - not political ones !!

Just my thoughts this Monday morning - Have a great day people

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
9 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Stannich Makiele
Fake South Africans

I have noticed recently a sudden increase in applications from Non-South Africans with South African documents.  Read more...

2 comments 939 views
Submitted by
Beezy
Dear Christian

My heart is very sore as I write this letter. But I hope you will read it with an open mind and you won't feel like I'm trying to JUDGE you or anything.  Read more...

18 comments 2279 views
Submitted by
Herman Cummings
The Truth of Genesis: The Evil a...

This is a follow-up to a previous series named “The Sad Truth of Christianity and Judaism”.  Read more...

16 comments 592 views
Submitted by
StormyWeather
Exemptions in SA Public schools

I sit on the Governing Body of a public school in Gauteng. Every year we sit and go through applications for exemptions on school fees from parents that are unable to pay the full annual fees. Read more...

15 comments 1638 views
Submitted by
Gail Shorkend
Taxis

I notice that taxi's can be overloaded to the hilt. Why is that do they want to get more people in. Read more...

7 comments 215 views
Submitted by
John Campbell
Starting a new life

I, like the seed, have felt the darkness of the unknown, the claustrophobia of being in a space I did not understand, the anxiety of being in a place I did not feel I had chosen. Read more...

15 comments 1824 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2015 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.