BizNews Briefing – Competition Commission; Shoprite, Boxer, PnP; Alphabet; Banxso; Bitcoin
BizNews Briefing – Competition Commission; Shoprite, Boxer, PnP; Alphabet; Banxso; Bitcoin
In this episode of the BizNews Briefing, host Alec Hogg is joined by Piet Viljoen of Re:CM; Evan Walker of 36ONE; Anthony Ginsberg of Ginsglobal (from California); Gerhard van Deventer, Enforcement director at the FSCA; and Jason Welz, head of crypto at Jaltech.
Video production by Ruan Erasmus
Your early morning brew of the BizNews Insider…
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Thank you Alec for the "special place in hell…" comment. I cannot understand why SA have so many laws (thrown at law abiding citizens mostly, from ridiculous Competition Commission rulings, to disgusting behavior by SARS officials trying to 'defraud' middle class taxpayers by invoking spuriously applied clauses in the ITA, etc.), but criminal enterprises thrive. No wonder we are slipping into a mafia state. It's almost as if the authorities only have respect for criminals.
Platforms that carry deep fake ads should be held responsible. Good practice would be to carry out some form of KYC ("Know your client"), as is required for financial institutions, for all advertisers. These ads are so obviously unlawful/fraudulent/fake etc. that they don't have an excuse not to detect it, especially considering that all these platforms already expend a lot of effort into moderating and censoring user content. They literally take dirty money.
Pick and Pay Stellenbosch a nightmare
Maybe it’s been highlighted and exposed that the convid was done in order these companies then put some into financial difficulty only to ACQUIRE them as one large conglomerate. It’s actually criminal like and needs oversight as these created crises occur in the interests of a few. Look at the persons behind these pending acquisitions, you’ll find a pattern over decades with the same names of persons involved. Not everything is as it seems , nor are the citizens asleep
Competition commission is a joke,they completely disregard sustainability of business through acquisitions.
PnP is doomed
Bad service levels are in all those shops, except Woolworths…If Sean can lift pick n pays service to an outstanding level, it would bring back customers…
Sean Summers should disguise himself and stand in a PnP till queue. It sucks.
A great addition to the show! Keep it up guys!