PLEASE NOTE:

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

 
Barend Dippenaar
 
Comments: 0
Article views: 2365
 
 
Latest Badges:

 
View all Barend Dippenaar's badges.
 

Give Jooste and the facts a chance

07 September 2018, 16:44

Ferial Haffajee appears to talk from her pocket. That is not the way an esteemed reporter like she has to go. 

She has already convicted and sentenced Jooste even before a single witness has produced any evidence of wrong-doing against him. But let us give credence to a well-known fact.

When a company, very popular with investors, suddenly shows, not jus a crack, but an immminent implosion, the first to abandon ship are the institutional investors who withdraw billions of rands from the shares, then a colllapse, nothing less, causes a downward spiral exactly as has happened to Steinhoff.

Check this fact out with any experienced stockbroker. He will confirm that there is always an incredible over-reaction from shareholders when initial concern leads to panic and panic leads to over-reaction and financial collapse. This is what happened to the collapse of the Steinhoff share price and whether Jooste is guilty of anything or not, these normal facts need to be borne in mind.

But we, like Ferial, are very predictable. We always look for a scapegoat. We want to punish somebody for our losses, and in this case through a convergence of circumstances, no less exacerbated by the admission of "mistakes" by Jooste, he becomes a convenient target. In justice there is fairness and at this stage we need to be clinically fair. Give Jooste and the facts a chance before we become hysterical. 

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 more from our Users

Submitted by
Revelgen
Dialectical? Rubbish!

Whenever I read some long-winded exposition using words like 'bourgeoisie', 'dialectical' and 'Marxism', I just want to throw up. Read more...

0 comments 1473 views
Submitted by
Phillip Giwu
Why I support SABC's restructurin...

Is it sustainable for such an organisation to live on handouts from government? Read more...

0 comments 234 views
Submitted by
Aluwani Nenungwi
The resurgence of comprador bourg...

The dialectal conditions of the past undermined the prospects for development in the new independent state.  Read more...

0 comments 1230 views
Submitted by
Radley Badenhorst
Mashaba and the head

If only Mayor Herman Mashaba would instruct his Metro Police to do their job, then maybe we can also rid ourselves and the city of the scourge of informal garbage collectors. Read more...

0 comments 536 views
Submitted by
Victor van Heerden
ANC too weak and sickly to kick o...

Because of the huge struggle to rid themselves of the scum, cretins and gangsters that lead and infest them, the ANC are no longer worth saving. Read more...

0 comments 916 views
Submitted by
Markrschulz
Capitalism is not exploitation

As the elections approach us, certain political parties are bound to get on their soap boxes and trot out the same old slogans. Amongst these ideas will undoubtedly be a category based on the idea that "capitalism is exploitation". Read more...

0 comments 582 views

Jobs in Cape Town [change area]

Jobs in Western Cape region

SQL Reporter

Cape Town
Communicate Cape Town IT
R10 000.00 - R12 000.00 Per Month

Reporting Accountant

Cape Town
Network Finance Professional / Prudential
R310 000.00 - R360 000.00 Per Year

Cluster Financial Manager

Cape Town
Network Finance
R950 000.00 - R1 000 000.00 Per Year

Property [change area]

 

services

Press Code We subscribe to the Press Code.

E-mail Newsletters You choose what you want

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

Terms and Conditions 24.com Terms and Conditions - Updated April 2012

 
Interactive Advertising Bureau
 
© 2018 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.