ScamSnifferAlert @ScamSniffers Twitter profile

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ScamSnifferAlert

@ScamSniffers

1 year

29 years into ANC rule and we’re cooking on gas. Literally. Incomprehensible that their incompetence is so complete. Nothing more thrilling than waking up to another 4 hours of load shedding on a working day.

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2 years

Instead of putting on a suit and tie and holding investment conferences, put on overalls and fix the basics. You guessed it. I’m without electricity for the umpteenth time this year. Fix the roads. Fix the hospitals. Fix the schools. Fix Eskom. Fix crime. Then ask for investment.

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3 years

To all my friends and family. It is with great regret that I share the news of my beloved brother Ian’s passing. He put up a brave battle against COVID. The doctors and staff at Milpark could not have done more. The family is devastated. My poor boetie is gone. BDH Percy

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1 year

A bad week for South Africa-the De Ruyter interview, our grey-listing & now a damning piece in The Economist. They conclude we need all the help we can get. The country is falling apart: blackouts, dry taps, rampant crime. Besides we’ve lost our political heft. No longer count.

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1 year

Q. Where does England cricket team stay when they tour South Africa? A. With their parents

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2 years

Breaks my heart. But we’re all to blame, especially business. We sat back and watched it unfold in front of us, too scared to speak out against the ineptitude, plunder & corruption, just in case of a (political) backlash against us. Well, read the consequences of our inaction.

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4 years

When the Minister of Finance starts quoting from the Bible then you know we’re in deep trouble. Hope and prayer are great for religion but not for saving the economy.

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1 year

Saw some kids playing cricket on the beach with a stick. My son offered them a bat. You’re from South Africa, they said. You need it more than we do.

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4 years

Classic. Police Academy special.

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5 years

I’m still haunted by the senseless murder of Isabel Van Coller yesterday morning at 5.40am in Bramley & the indignity her lifeless body being thrown out the car like a sack of rotten potatoes. Personally, I’d swop a victory over crime than the result of an 80 minute rugby match.

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4 years

Last week we received a $4.3bn loan from the IMF. At 16.40 to the dollar that gave us the R70bn everyone was so excited about, especially the yield at around 1.1%. Well! The rand is now 17.40 to the dollar, which means we owe the IMF R75bn. A loss of R5bn or 7% in a week.

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6 years

Hi Mr US President here’s a few faces you might recognise from our particular #shithole at the bottom of Africa.

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5 years

To put Alibaba’s $38bn Single’s Day Sales in context - in rand that equals R560bn sales in 24 hours. Shoprite’s annual sales R154bn, Spar R101bn, Pick n Pay R90bn, Massmart R91bn, Woolies R70, Foschini R37bn, Clicks R36bn, DisChem R25bn, Mr Price R23bn and Truworths R19bn =R646bn

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3 years

In its years of tenure, the ruling party has failed to instil a sense of right & wrong in the people of SA. We see it in the way we drive, treat women & children and now, in full view of the world, help ourselves to other peoples’ property without even a twinge of guilt or sorrow

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7 months

It’s my 76th birthday. I realised I have lived my entire life under governments I did not vote for. Regrettably both were led astray by bad policies & questionable ethics. 2 things I pray for in my remaining time - a govt that’s fair & honest & that Arsenal win the premiership.

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7 years

So what’s the damage? Steinhoff loses R134bn in market cap, STAR R22bn, Kap R21bn and PSG R6bn. Total R183bn. Watch out for grumpy old men when you walk the streets of Stellenbosch this December. One of the ugliest stories I’ve lived through after 45 years on the JSE.

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4 years

Woke up this morning not to smell the roses, but to smell diesel from the suburb’s generators. At what point does govt apologize to the nation for putting the wrong people in high places, letting their chums steal billions under our noses and for keeping the economy in the dark?

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10 months

Our Metro cops are having the times of their lives. Driving around Sandton in long convoys, playing with all the buttons in their vehicles - blue lights, sirens - you name it. They’ve also replaced the beggars at major intersections directing traffic. They’ve become real meneers.

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4 years

The Speaker of the House said it, we (parliament) have embarrassed ourselves in front of the people of South Africa. We have embarrassed ourselves in front of the people of the world. We as a nation are so good at breaking things. When will we learn to start building things?

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4 years

On an early run, crossing Corlett Dr into Melrose Arch, with my eyes on the traffic, my left foot went straight into a pothole, a metre deep, next to a manhole. I came out bruised and bleeding. Two beggars came to my assistance - everyone else fled thinking I was being robbed. 😁

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5 years

What drives the JSE? Your overdraft & insurance 24%, Chinese kids playing games 22%, the iron ore price 16%, the rich buying expensive watches 8%, your groceries & denim jeans 7%, your cell phone data 4%, your petrol 4%, your e-cigarettes 3%, gold 1% and all the rest 11%.

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1 year

Gwede, Cyril, anybody - please sort out this electricity issue. I can’t listen to another conversation about generators, the price of diesel, how long inverters last, cost of solar power, & what size water tank to install. Talk of inequality?

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4 years

I’ve been around a long time and have seen companies come and go, but Comair’s decision to go into Business Rescue is a tragedy. This is a company that has come through the ups and down of our political and economic history with aplomb. It battled SAA and won. Or so we thought!!

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4 years

ALCOHOL AND CIGARETTES BAN TO BE *PARTIALLY LIFTED.* Just got some inside information that the prohibition on cigarettes and alcohol will be lifted partially on Sunday. Smokers and drinkers will be able to purchase matches and ice.

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4 years

Hey Tito, you want to stop wasteful expenditure. Cutting cell phones & traveling economy are superficial moves. 80% of govt depts don’t keep proper books & records. Employ an army of retired CA’s to introduce internal controls. Their lives may be endangered but you’ll save money.

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6 months

🚨Opensea has been hacked🚨 @Opensea Has been affected by a signature exploit. Leading to a loss of 8.6M$ and counting. If you've used the Uniswap platform please *REVOKE* approvals ASAP #OpenseaHacked #OpenseaExploited #OpenseaVulnerability

Opensea Hack | Revoke Cash

revoke-dapp.com

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1 year

Sadly Cyril’s speaking from Mars again. He’s on a different planet. No wonder half the audience are checking their phones.

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6 months

⚠️Uniswap has been compromised - IMMEDIATE ACTION REQUIRED⚠️ Affected contract Permit2 (Main Contract) Revoke permissions from the above contract immediately to avoid losing assets. #UniswapHack #UniswapExploit #UniswapVulnerability

Uniswap Hack | Revoke Cash

revokeapprovals.com

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@ScamSniffers

6 months

⚠️Uniswap has been compromised - IMMEDIATE ACTION REQUIRED⚠️ Affected contract Permit2 (Main Contract) Revoke permissions from the above contract immediately to avoid losing assets. #UniswapHack #UniswapExploit #UniswapVulnerability

Uniswap Hack | Revoke Cash

revokeapprovals.com

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6 months

⚠️Uniswap has been compromised - IMMEDIATE ACTION REQUIRED⚠️ Affected contract Permit2 (Main Contract) Revoke permissions from the above contract immediately to avoid losing assets. #UniswapHack #UniswapExploit #UniswapVulnerability

Uniswap Hack | Revoke Cash

revokeapprovals.com

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3 years

My biggest investment mistake. Article in Business Day this morning.

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4 years

Finally the world is realising that we need more scientists than CFAs. Spreadsheets and valuation models have little healing power in this meltdown.

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4 years

Can buy an egg mayonnaise sandwich from Woolworths at R33 or a Woolworths’ share at R28. Buy the share not the product!

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6 years

Sitting in freezing office - no electricity (again) after no water yesterday - watching rand tank (13.90/$) & local shares resume slide. Most South Africans have reached the stage where political bickering tiresome. We just want a leader with a tool box to start fixing the basics

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3 years

Had enough of inflation, Bitcoin, 10yr bonds and talk of high equity valuations. Doing what everyone should on a Friday afternoon, drinking a Peroni at Mezepoli in Melrose Arch.

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6 years

With Steinhoff and the ANC conference still dominating the headlines few have picked up that the Bitcoin price in rands has fallen from R315000 a coin on 17 December to R161000 a coin today. That’s a plunge of 49%. And there’s still no water in Cape Town. Happy holidays.

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3 years

SA facing its darkest hour. Looters breaking into Durban’s blood centre to steal computer equipment. Regrettably Cyril ain’t no Churchill. After 27 years of incompetence, & corruption at the highest & lowest levels, it’s time to replace the cardboard cutouts that run the show.

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3 years

It's still difficult to absorb - 200 shopping centres, 3000 shops, 1400 ATMs.

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6 years

Easy way to help rehabilitate SA. Begin by cleaning your own space and not littering in public places. Respect other people’s safety by obeying the rules of the road. Pay your bills. Get smarter by teaching yourself something new every day. Forget the Zuptas - they’re so 2017.

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2 years

50yrs ago to the day I joined stockbroker Max Pollak & Fremantle, a day after completing my articles. I was an unauthorised clerk. Salary R450pm. I remember uncle Max Borkum helped me with a trade in Wesbank l/a’s that made me a small profit enough to buy Linda a small gold coin.

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3 years

Heaven. Full moon and evening braai at Satara, Kruger National Park.

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3 years

My brother Ian - the pip in the middle - would have turned 70 today. Sadly he succumbed to Covid 10 mths ago. Not a day goes by that I don’t think about him & the wonderful times we had growing up in Greenside playing cricket, soccer, rugby & tennis on the front lawn. Miss him.

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3 years

I have been overwhelmed by the warm and comforting messages received on the passing of my beloved brother Ian. I wish I could respond individually. Thank you to everyone. Ian is on the left of the pic on my profile. He was the “white sheep” of the family. A kind and gentle soul.

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3 years

It’s 5 years since AB InBev listed on the JSE. R100 invested in AB InBev is now worth R55. In comparison, R100 in Carlsberg would be worth R195 and in Heineken R130. Nothing to do with lockdown! Just too much debt and over-optimism.

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5 years

According to Stats SA there are 6.7m people without jobs in South Africa. To put this number in perspective, at the end of June, the number of people without jobs in the United States was 6m. The US has a population of 326m, South Africa 58m. A big burden for SA gov to bear.

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3 years

View from my remote office. Oliphants Camp. Kruger Park.

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3 years

Tonight at shabbos, Linda & I will drink a lachaim to my grandson, Giddy who is celebrating his bar mitzvah in Boston this weekend. At the same time we’ll say a prayer for my brother Ian, battling COVID in ICU at Milpark. Our thoughts are with families in a similar position.

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3 years

A friend of mine says rather than name the new variants after the Greek alphabet, we should name them after football teams. Omicron would be Arsenal. Mild and no real threat.

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3 years

The rand turns 60 years today. 60 years ago we converted from pounds, shillings and pence to the decimal system. Below is a table from Stats SA showing how prices have changed over 60 years. I still refer to tickeys, sixpence and tuppence. And of course, it’s not worth a penny!

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2 years

It’s a year since my brother Ian passed away from Covid. Not a day has passed where he hasn’t been in my thoughts. I miss his gentle warm nature, brotherly love, and fiery outbursts every time Arsenal went down. As Moriarty would say “Sapristi pompet”. I miss you Percy.

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6 years

It’s bad enough the JSE has fallen off a cliff but having to spend the weekend in darkness only adds to my stress levels. Don’t worry, business leaders, the press & the Clifton Beach crew tell me, Cyril (& the New Dawn ANC)will rescue us. I have more chance of running to the moon

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5 years

Today marks my 50th anniversary of work life. Started articles at Schwartz Fine Kane & Co on 1 Jan 1969. Such a sad indictment that I still have to work. Opened a bank account at Standard Bank at the time and have been with them since. Still waiting for my gold pen, though!

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4 years

Most white collar crimes - Steinhoff, Tongaat - start with questionable transactions that management hope to reverse when conditions improve. They never do. That’s exactly what government/Cosatu plan to do with R250bn of pensioners money. Danger lurks.

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1 year

Full marks to the writers of Business Day who in an eloquent editorial this morning expose -by joining Russia in a naval exercise today - how far down this country has fallen down the morality ladder. Simply, we can no longer speak for democracy and freedom. A should read.

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4 years

For all the concerned looking for a plan to reinvigorate our country, spend time & read this week’s special report in the Economist. In my words the message is simple: create an attractive and safe place in which to live, work & play. The people, money and jobs will come. Read!

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2 years

If Cyril’s business dealings were legitimate he’d have an audit trail. In simple language, paper work. He would have a contract, or an invoice that would have been captured in his books, against which the (stolen) proceeds would have been due. First steps to prove his “innocence”

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4 years

Day 3: Played a soccer game against my wife on a small patch of lawn outside our apartment. Beat her 100-0.

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4 years

Three years ago to the day, 5 days before my 70th birthday, I ran the New York Marathon with my kids. Planning to do it with my grandkids on my 80th - haven’t told them yet.

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6 years

Cricket - wonderful quote in this morning’s Business Day editorial: So low has cricket sunk that politicians are lecturing its players on ethics.

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2 years

You have two more days to buy Thungela if you want the dividend. Dividend is R60. Share price R311. That’s a 19.29% return, ignoring tax. Prospects remain attractive. So as things stand you could get a similar return next year. In 12 months you could get 40% of your money back.

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3 years

I am so trendy!!! Love the Mr Price Veldskoene. Go Team South Africa 2020.

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4 years

6 attractive hedges against SA’s deteriorating fiscal position: Prosus +60% year to date Satrix Nasdaq +58% Sygnia 4th Ind Rev +42% Sygnia MSCI US +28% Sygnia EuroStoxx50 +14% (the one to watch) Satrix MSCI China (recent listing - Alibaba, Tencent, Meituan & more) Vs JSE -1.46%

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4 years

Went to Kauai for lunch. Millennial playground. No one pays with card or cash. Every kid has the “app”. Boys in dark chinos with standard light brown shoes & matching belt. Girls stick thin in gym bunny jeans. Got thrown out - asked for a coke with my salad.

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10 months

You’ll be glad to know that not only do we have a police force with expensive black cars and swirling blue lights but also an airforce with one functional jet. The boys are having lots of fun showing off their toys in front of their friends.

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3 years

Exactly 20 yrs ago I was held up at gunpoint in Waverley on an early morning run - 05h30. Shoes, watch, beanie, gloves, & sweater stollen. Barefoot in shorts & T shirt, I made my way to Bramley Police Station, where the duty officer asked if I was there to file an insurance claim

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2 years

This morning on a run I saw two Metro Cops pull over an attractive lady in a Porsche for no reason. Both cops got out of the car & leaned into the window. The shaken lady caught up with me later, aware I had seen the incident. Sure, she said, they wanted a bribe. So distressing!!

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3 years

All done. Discovery brilliant thanks to Wendy I didn’t feel a thing

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8 months

I don’t care what your beliefs are or what God you pray to. I don’t care for your intellectual arguments. I don’t care who you support or who you hate. It doesn’t matter. But this - this, the taking of children as hostages matters. This you cannot support no matter who you are.

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4 years

Bloomberg report SA murder rate up in yr to 31 Mar to 21325. That’s 58 a day or 1 every 24 mins: 5 times the international average. Rapes, sex offenses & car hijacking also up. Until people feel this is a safe place to live, work & bring up children we will never grow & prosper.

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2 years

Economist Joseph Stiglitz, at Davos, says raising interest rates won’t grow more food. To bring food prices down address the supply side. My man. He is a Nobel laureate.

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1 year

First things first - heroic applauds to Alan Pullinger, FirstRand’s CEO for great numbers and having the courage to quantify what cozying up to Russia could cost the country. Hopefully other CEOs will take the lead. Secondly, my column in Business Day this morning.

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4 years

Lockdown Day 1: went for a walk around a tree in the garden, listened to a new Pentatonix song on headphones recorded in 8D (mind blowing - it’s the future of music), played hide-and-seek with my wife -it’s been 2 hours and I haven’t found her yet.

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4 years

Sitting forlornly by myself at home I’ve counted that I’ve been through 10 significant market dips in my time on the JSE. This is my 11th. Each time the symptoms are the same. Short of breath, dry cough, fatigue, muscles ache and I want to stay in bed the whole day.

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4 years

Day 5: Spent a long time chatting to Siri. Very friendly and engaging. Talked at length about the market. She says it’s going to recover. I like her. She knows a lot.

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4 years

Fifteen years at Sasfin today. 48 years on the JSE. Actually 45.5years at Sasfin and its predecessors. Broken service result of SocGen’s decision to pull out of EMs in 2002 (long story). Picture with old-timers Alec Abraham and Errol Shear - Sasfin colleagues.

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4 years

My column in today’s Business Day. A tribute to my dad, Archie who was the ultimate gold bull.

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5 years

It’s that time of the year when I lose it, because as an accountant I cannot comprehend how 74% of government & provincial departments cannot adhere to accepted standards of accountability & good governance. In Auditor General’s 2018/19 report only 26% of audits were unqualified.

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4 years

JSE Firesale. For a mere R10bn you can buy these former giants of SA industry - Tongaat, Hulamin, EOH, Arcelor Mittal, Nampak and Invicta. And for good fortune for another R750m we’ll throw in 2 property companies - Delta and Rebosis.

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3 years

What was was!! Came across this old newspaper clipping. But check my time! Just over 4 mins a kilometre for 50km. So Mr Bright Khumalo beat that!!! From now on I’m Mr Shapiro, not Shapiro. Must have been 1979/80ish.

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1 year

It’s 2 years to the day since my younger brother Ian passed away from Covid. Not a day has passed when he is not in our thoughts. He was a devoted family man, loved studying the torah and was a mad Arsenal man. We celebrate each Arsenal point in his honour. Hope it’s 3 on Sunday.

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4 years

Wonderful to see Jo’burg streets teaming with people. But here are a few jogger rules: face the oncoming traffic - you can spot the danger if the driver is texting. Social distancing doesn’t mean spreading your family across the road. And lastly, please pick up the dog shit.

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6 years

Re South Africa’s land seizure and Ramaphosa’s assurances to business: The most important leason I have learnt in nearly 50 years in business is never to trust anyone who says “Trust me!”

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2 years

Each day this year I have woken up with a smile on my face, gone to the office, been bullied and come home with a black eye. I’m battered and bruised, but still fighting and ready for a few more rounds with the Fed.

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7 months

So sad. Woke up to the news that Charlie Munger has passed away at the age of 99. I was blessed to have seen Charlie in full swing at many of the Berkshire meetings I attended in Omaha. Few understand what an important role he played in shaping Warren Buffett’s investment views

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4 years

Been without electricity now for 5 hours. Comes on for a second but immediately goes off. Lost a full day’s work. Have to prepare for radio and TV both figuratively and literally in the dark. The burden this country faces exacerbated by lockdown is only going to get worse. So sad

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9 months

Sad day when Anglogold, the bedrock of this country’s economy from the 60s to the 80s relocates to the NYSE. More emotional than financial. The gold has long been mined. Still. It’s like losing an old uncle that was an important part of your formative years.

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4 years

The JSE is surging in the last few minutes of trade ahead of the quarter end. Sasol up 18%, MTN up 17.5%, Absa up 17%, Ned up 13%. Could it be institutions and fund managers window dressing? Never!!The investment industry is known as a bastion of uprightness, honesty & integrity.

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4 years

Worthwhile read on housing in the Economist. I’ve never believed buying a house was an investment. It’s a lifestyle decision & a huge draw on income. The only time it becomes an investment is when your kids shift you off to an old age home, sell the house and spend the proceeds.

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6 years

Australia grows at it fastest pace in 6 years in the second quarter; South Africa enters a recession, its first since 2009. At one point our biggest economic competitor, the Aussies have left us coughing dust.

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@ScamSniffers

4 years

While we’re all crowing about the JSE’s 9.5% gain this year, Magda’s @Magda_Wierzycka Itrix S&P500 ETF is up 27.5%, Eurostoxx50 up 19.8%, 4th Revolution fund up 33.3% and MSCI World up 23%. It just reinforces, yet again, the better opportunities that exist in offshore markets.

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@ScamSniffers

4 years

Now that the world needs scientists & doctors, hopefully all the smart kids will change direction & stay away from financial mkts, where their algorithms have given volatility a new meaning. Leave financial mkts to the dumb kids. They were just fine until you came along.

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@ScamSniffers

11 months

I changed the red on my system to yellow. It’s more calming.

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@ScamSniffers

6 years

Been running for 45 years at minimum of 70km a week Means I have 164000km in my legs. That’s nearly half way to the moon. Problem is I’m not going to live long enough to get home.

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@ScamSniffers

2 years

Hopefully I’m out of hospital today and back to my usual routine by Wednesday. Can’t say enough thanks to my friend Dr Kevin Fisher & his daughter Megan, & to Linda and Karen for their love & care during what have been the most traumatic two weeks - health wise - of my life.

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@ScamSniffers

2 years

In Aug ‘21, I was dragged unwillingly into a debate around investing in stocks (so dated!) against crypto. I couldn’t match my opponent’s intellect & well prepared arguments. I lost the debate hands down. 15mths later, the S&P500 is down 14%, Bitcoin is down 63%. I’m glad I lost

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@ScamSniffers

2 years

Constructed the perfect JSE portfolio - chose companies that have given consistent total annual returns over 10yrs. R1000 now worth R9646. R100 invested in Afrimat 1746 Capitec 1401 Naspers 1135 Trans Cap 979 PSG 993 Mondi 975 Clicks 864 Richemont 708 Bidvest 503 FirstRand 342

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@ScamSniffers

4 years

Worst thing about being kosher, or for that matter halaal, is running past a house, on a cold winter’s morning, where they’re cooking bacon and eggs for breakfast.

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@ScamSniffers

3 years

4 days into the new trading year and already Glencore up 21%, Sasol 19%, Sappi 19%, Anglos 19%, BHP 17% and Mondi 13%. The All Share up 5%. The whole of 2020 the All Share was up only 4%. Should we close out and call it quits for 2021.

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@ScamSniffers

4 years

I’m a big Spotify fan. Always tune-in to Today’s Top Hits. Always been a rock follower. But I have a dilemma. At my age of 72 can I admit I like Cardi B’s new hit WAP. Love the beat. Struggling with the lyrics though. Not sure I can recommend it to my kids and grandkids.

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@ScamSniffers

1 year

Pollyanna can’t even fix the robots. That’s 1930s technology. Yet he dreams of introducing electric vehicles and other other hi tech industries. Delusional. I’ve turned off and gone to bed.

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