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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

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