Buddy Wells
@BuddyWells1
Public Finance Advocate, Musician, Economic Thinking Blog #PublicMoney for #SAProductiveSector #PayGapModeration
I offer my services to our political parties who want me to explain the details of govt’s recent R100 billion bailout of the SARB to their members and leadership, and why it was unnecessary, and therefor wasteful & inflationary expenditure that benefits no no-one but the private…
x.com/i/article/1857…
There is no reason that the rand issuing state cannot finance local investment itself.
The R7 billion loan is from the New Development Bank, established by the #Brics bloc of nations in 2015 to fund infrastructure and sustainable-development projects in member countries. #Moneywebnews ow.ly/YqUR50WtlEh
Haha. The rand issuing state has now magically run out of rand even to finance democracy. Well done orthodox economists!!!
The Electoral Commission of South Africa has to cut operational expenses because the “cost of elections is spiralling and very soon we will not be able to afford elections”, the commission’s former GM of operations Granville Abrahams said. timeslive.co.za/sunday-times-d…
Ban hedge funds and companies from owning residential property. They should only be able to build new houses to sell. Problem solved.
U.S. Housing Market has reached its most unaffordable level in history 🚨🚨
The SAn state (SARB, PIC and GEPF) has R2,5 trillion invested offshore which can and should rather be invested in SA.
Currently SAn households, corporations & govt have R9 trillion invested offshore, of which R7 trillion is liquid portfolio assets: The SARB has 97% of its R1,2 trillion assets offshore … reserves which ultimately belongs to Treasury by law. Private banks have a further R900…
More consequences of pretending the rand issuing state magically has no rand to invest in essentials. The costs of investment is always less than the costs of failure to invest.
South Africa is working to find long-term solutions for its biosecurity challenges, primarily the Foot-and-Mouth Disease. The constant occurrence will ultimately reduce earnings and export opportunities to high-value markets. wandilesihlobo.com/2025/07/20/a-n…
Currently SAn households, corporations & govt have R9 trillion invested offshore, of which R7 trillion is liquid portfolio assets: The SARB has 97% of its R1,2 trillion assets offshore … reserves which ultimately belongs to Treasury by law. Private banks have a further R900…
The buck still stops with treasury though, because broader unemployment is due to the policy choice of the rand issuing state not to employ, under the bullshit excuse that the rand issuing state magically has a shortage of rand. The SANDF leadership is correct that if you fire…
A useful thread showing that the SANDF’s critical function is not defence but to serve as a social service for former ANC & MK combatants. Again, a nation’s resources was essentially used to support an incompetent liberation aristocracy. Until we break this, we have no future.
This was clear from the start.
De Ruyter had no clue — Electricity minister – MyBroadband mybroadband.co.za/news/energy/60…
Former Greek Finance Minister Yanis Varoufakis: Why does the US see China as a threat? Why is the US waging a trade war against the entire world?
There are plenty of reasons why Scandinavian economies don’t count as socialist—an underappreciated one is that they make it easy to start a business (that is, to exercise productive private property rights)
There are plenty of reasons why Scandinavian economies don’t count as socialist—an underappreciated one is that they make it easy to start a business (that is, to exercise productive private property rights)
Haha! Nothing about billionaire hedge funds like blackrock buying out the housing stock.
Peter Thiel: "If you add more people to the mix and you're not allowed to build more houses because of zoning laws, then prices go up a lot, and it's this incredible wealth transfer from the young and the lower middle class to the upper middle class and the landlords."
Brilliant. This is a beautiful takedown by Prof Becky Malby, of most of the myths around taking water back into public ownership, including its cost. Also demolishes the idea it’s possible for ANY regulator to effectively function within a privatised water model. Join the…
In case you missed C4 news tonight..
Feargal Sharkey explains that this £100bn figure everyone keeps quoting for the cost to renationalise the water industry comes from a report by the private companies! Feargal then outlines why nationalising the water industry wouldn't cost us a penny #GMB
Currently SAn households, corporations & govt have R9 trillion invested offshore, of which R7 trillion is liquid portfolio assets: The SARB has 97% of its R1,2 trillion assets offshore … reserves which ultimately belongs to Treasury by law. Private banks have a further R900…
The African Development Bank says South Africa needs to invest trillions in the coming years to fix its crumbling infrastructure and poor service delivery. dailyinvestor.com/south-africa/9…
The buck still stops with treasury though, because broader unemployment is due to the policy choice of the rand issuing state not to employ, under the bullshit excuse that the rand issuing state magically has a shortage of rand. The SANDF leadership is correct that if you fire…
THREAD: I am one of the biggest supporters of funding the SANDF. I want the SANDF to get more funding so I don't want to be misunderstood in what I am going to say. It's a fact: the SANDF is chronically underfunded. It's a crying shame that it is. BUT
Water privatisation has been a complete & utter failure. It is absurd that the government's report into the water industry didn't even consider public ownership. That's not a report. That's a political broadcast for the private sector. Put water back into public hands, now.