Quote of the week

The recommendation for criminal charges is particularly applicable to Mr Anoj Singh and Mr Koko, who by false pretences led Eskom, through the officials who processed the R659 million payment, to believe that the R659 million payment was in the nature of pre-payment for coal, as was the R1.68 billion pre-payment, later converted into a guarantee, when in truth and fact they knew that the prepayment and the guarantee were needed to enable the Guptas to complete and save the sale of share transaction.

State Capture Commission Report
Volume 4, Part IV
15 June 2020

Piketty on taxes

[Thomas Piketty] shrugs: “As a professor I was already, like, in the top five per cent of the income distribution, and with copyrights I moved to the top one per cent or 0.1 per cent, so it’s not as if I was very low to begin with. I would have liked to pay 90 per cent tax on my copyright. I paid about 60 per cent but I think this is not enough. First, books are also speculative markets, so when you sell 2.5 million copies, it doesn’t mean your book is 1,000 times better than someone who sold 2,500 copies. I’m not naïve about that. I know how everybody at some point wants to read the same book – or buy the same book.

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