Stuart Thompson

Leinster and Ireland have tarnished rugby's image this week Hope the corruption was worth it

R27 billion can fund one of the following: -2000 to 4000 electric busses, -20 % of the Gautrain Expansion -160 new blue train sets (800 train cars) -25 000+ bus driver salaries for 4 years .....or...... 5 months of mildly cheaper petrol (yes, we chose cheaper petrol)

Loose Canon 💥 A Nobel for criticising the economics of saying nothing at great length timcohen.co.za/loose-canon-a…

President Cyril Ramaphosa has criticised South Africans seeking refuge in the US, saying he finds it “unbelievable” that some continue to believe the falsehoods about the country, including claims of a white genocide. Video: Thando Radebe

#MustRead The Cover-Up: How a Trillion-Dollar Industry Launders Illegal Gold. "The difference between “clean” and “dirty” gold is a fiction. There is just gold. A Times investigation found that the London Bullion Market Association, which banks and governments rely on to police the market, repeatedly allowed the sale of gold from criminals and cartel members. In Madagascar, where thousands of children work in illegal mines, the association helped change and backdate key paperwork that certified gold as free from abuse." nytimes.com/2026/10/19/world… via @NYTimes

"KOMBINOWAĆ": The Polish art of outsmarting reality. There is a Polish verb that has no satisfactory equivalent in English or French. It is kombinować, and understanding it is essential to understanding the Polish national character. Kombinować means finding a solution to a problem through ingenuity, improvisation, personal connections, dubious arrangements, and occasionally methods that would make a German lawyer suffer a nervous breakdown. It is neither necessarily legal nor necessarily illegal. Neither entirely honest nor entirely dishonest. It occupies that fascinating territory between human intelligence and criminal entrepreneurship. And Poles have elevated it to something approaching an art form. Imagine that three Europeans discover their washing machines have broken down. The Englishman telephones a repair company. The technician arrives on Tuesday, identifies the defective component, orders a replacement, and schedules another appointment. The Frenchman telephones customer service, argues for forty minutes about consumer rights, threatens legal action, and eventually writes an indignant letter to the manufacturer. He might even establish an association of dissatisfied washing-machine owners. The Pole looks at his washing machine and announces: Spokojnie. Coś wykombinujemy. (Don't worry. We'll "figure something out", but it's a bit more than that...) What follows is difficult to describe within the conventional boundaries of economic science. He telephones his cousin, who knows a mechanic, whose brother-in-law once worked at a factory producing agricultural equipment. The mechanic has no washing-machine components, but he possesses a motor from an old Soviet tractor. The motor is too large. No problem. A neighbour knows somebody who can modify it. Unfortunately, that somebody owes money to another neighbour, who happens to need help transporting a refrigerator. Three telephone calls, two bottles of vodka, one borrowed trailer, and an entirely unrelated dispute about a missing bicycle later, the washing machine works. It now sounds like a MiG-21 preparing for takeoff, but it works. And the Pole is delighted. He has not merely repaired an appliance. He has defeated reality. This is kombinowanie. The Polish “Coś wykombinujemy” contains something more adventurous than "we'll figure something out". The process itself is an expedition into the unknown. French offers several partial equivalents. Se débrouiller conveys resourcefulness. Bricoler describes improvisation. Magouiller suggests suspicious arrangements. Combiner can refer to devising schemes. But Polish conveniently compresses all these possibilities into one verb. A man who kombinuje might be an ingenious inventor, an exceptionally resourceful neighbour, a slightly dishonest businessman, or a future defendant in a corruption trial. Sometimes all four. And this peculiar mentality has historical foundations. For much of the twentieth century, particularly under communism, Poles inhabited an economy in which official procedures frequently proved incapable of satisfying elementary material needs. You wanted a refrigerator? The shop had none. You wanted building materials? The warehouse was empty. You wanted to repair your car? The necessary components were unavailable. But somewhere, somebody knew somebody. The communist state had developed an elaborate system for planning production, allocating resources, and distributing goods. The Polish population responded by developing an equally elaborate system for circumventing it. An entire parallel economy emerged, built upon favours, exchanges, informal obligations, ingenious substitutions, and personal relationships. The bureaucrat possessed the regulations. The kombinator possessed his cousin's telephone number. And quite frequently, the cousin proved more useful than the entire Ministry of Industry. Naturally, there was a price to pay. A society organised around kombinowanie may produce extraordinarily resourceful individuals while tolerating spectacularly dysfunctional institutions. Why demand that the system function properly when you can always find a way around it? Why repair the road when you know a shortcut through somebody's field? Why simplify the administration when everyone knows that the appropriate stamp can be obtained through a friend? The kombinator triumphs over dysfunction, but his triumph can also help perpetuate it. Yet it would be a mistake to regard kombinowanie merely as the cultural residue of communism. The word and the attitudes it describes have a broader history. They express a particular admiration for intelligence that refuses to remain confined within established procedures. In this sense, kombinowanie has an almost artistic dimension. The engineer asks what an object was designed to do. The kombinator asks what else it could possibly do. The administrator sees a regulation. The kombinator sees an interesting literary text open to interpretation. The economist sees an inefficient allocation of resources. The kombinator sees an opportunity to exchange a broken motorcycle for six chickens, a barrel of diesel, and an introduction to a man who works at the town hall. There is something profoundly creative in this attitude, even when the results are absurd. Of course, the English also improvise, the French also circumvent rules, and the Germans are perfectly capable of inventive dishonesty. These are not exclusive national behaviours. What is distinctive is the extraordinary semantic and cultural career of the Polish word: its ability to turn practical improvisation, cunning, opportunism, and social resourcefulness into variations of the same recognisable activity. And perhaps the greatest difference lies in the attitude towards the unexpected. For the English pragmatist, a good solution is one that works reliably. For the French intellectual, a good solution should ideally also be theoretically defensible. For the Polish kombinator, a good solution is one that nobody would have imagined in the first place. Preferably one that also leaves him with a spare tractor motor, three bottles of vodka, and a neighbour who owes him a favour.

Mustek said its Business AI arm, in which it invested R8 million, has been forced to pivot as the South African market is not as ready for the technology as initially believed. mybroadband.co.za/news/busin…

Griquas winning back-to-back Currie Cups isn't spoken about enough Not even the Brumbies, Highlanders, Hurricanes or any NPC team have achieved this feat when you consider the fact that Super Rugby is on par with the Currie Cup

I have made a good-faith effort to learn from MMT and I can report that I learned nothing. If I was supposed to learn that a country that issues its own currency can inflate away its debt, I already knew that. (And I worry about that.)

Now your agent can trade perps for you on Coinbase Send “Connect to coinbase.com/skill.md" to your favorite LLM to get started

I can't imagine that this will end well. dailyinvestor.com/investing/…

I recorded a podcast with Tanner Greer (@Scholars_Stage) about this. m.youtube.com/watch?v=V1cwOW…

SUI Appointment of Shirley Machaba as an independent non-executive director and changes to certain committees bit.ly/4ioTzVD

The Durban Test had harsh lessons for cricket in the country in more ways than one cricinfo.com/story/south-afr…

I like this article that speaks about replacement ratios because most articles that refer to the tax benefits of pension contributions and retirement annuities never complete their articles. About 95% of them never run the rule for drawdowns And surprise surprise most of these articles pop-up in February in the month that the tax year and closes, almost an emotional appeal to a taxpayers desperation to reduce their tax. I would say 60% to 70% of them If you earn over R2.5m per annum and you use an income replacement rate of 75%, you will be earning over R1.875m in retirement. You were in the 45% tax bracket, you are still in the 45% tax bracket. What is the “tax benefit” of contributing to an RA? 🤔💭

Really great post. Bottom line: "Models are superintelligent where we have enormous data, and progressively less so as we have less data." Nice summary: "All the rules-of-thumb about learning are at the root, the same -- Malcom Gladwell's 10,000 hours, Moravec's Paradox, Scaling Laws, the Bitter Lesson, Age of experience. If your learning system (model, brain, whatever) is unconstrained by compute, intelligence is proportional to accumulated experience."

Here are four exchange control stamps in a South African passport from the mid-1980s, allowing the passport holder to take a particular amount of currency out of the country. These exchange controls were imposed by the South African government to restrict the outflow of capital from the country.

Interesting read. Same Warren Wheatly From (BAC) African Bitcoin Corporation (formerly Altvest) Lebashe was also a major shareholder in EOH. Company that sunk with corporate corruption & has since been renamed iOCO Sums up BEE Black Elitist Enrichment billionaires.africa/2026/09/…