Michael Trapido

Billions lost in SA’s largest ‘Ponzi’ scheme?

Many South African and overseas investors will soon be realising what many of them have probably been dreading for a while now, namely that the Frankel Investment Scheme, into which billions were poured, is nothing more or less than a vehicle designed to defraud them. Whether this turns out to be a classic “Ponzi”, along…

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Put navy chief Mudimu in sub on bricks at the bottom of the ocean

If South African Navy chief Johannes Refiloe Mudimu has suggested that he will not pay allegiance to our commander in chief, President Jacob Zuma, then the submarine that has been put on bricks must be taken out of mothballs, the gentleman placed therein and immediately sunk without a trace. I must in all fairness point…

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SABC: Time to start becoming accountable

With the SABC and its financial problems very much in the news at the moment I was interested to read a letter headlined “Others share blame for SABC woes” in the Mail & Guardian of May 29 2009. The letter was published under a pseudonym, “SABC staffer — name withheld” — and suggested that despite…

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Hlophe is not Zuma, end it now

The ongoing war of attrition by Western Cape Judge President John Hlophe is getting uglier by the week. So much so in fact that in the Sunday Times this week former Democratic Alliance leader Tony Leon suggests that Hlophe is some sort of fifth columnist who is destroying our justice system from within. There is…

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Cairo: Obama makes JFK look like a conformist

United States President Barack Obama will either be remembered as one of his country’s greatest ever leaders or possibly its most naive. Whichever way history adjudges it one thing is certain, this is not a presidency that will soon be forgotten. His somewhat misguided speech at the University of Cairo designed to lance the boil…

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Zuma and Zille the pride of a nation

On the same day as our President Jacob Zuma was delivering his State of the Nation address I was monitoring the near implosion of Prime Minister Gordon Brown’s British cabinet. A second cabinet minister Hazel Blears joining Jacqui Smith in resigning her post; two in as many days. The brouhaha over the members of parliament…

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SA gun owners up in arms

The Firearms Control Act (60 of 2000) has long been the cause of heated debate between those who would possess firearms as opposed to those who regulate and administer control thereof. I recall an evening about ten years ago when one particular genius — who I’m sure slept with his guns while his missus took…

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Professor De Vos vs David Bullard…where’s Qwelane?

Professor Pierre de Vos is an expert on constitutional law at the University of the Western Cape while Dave Bullard is a professor of street smarts from the university of life. As a huge fan of both I was intrigued to see the professor respond to David’s column on “The new media racists” with one…

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Blue Bulls batter Chiefs

Jacob Zuma — in the finest tradition of South African presidents confirming the support of a nation for the country’s top athletes — wished the players well and assured them that they had their countrymen behind them. Zuma magic, like that of former president’s Mandela and Mbeki before him, worked wonders at what had been…

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Nothing philosophical about council paying Plato’s legal fees

Cape Town mayor Dan Plato has been given the go-ahead to use council funds in order to bring an action for defamation against a local tabloid who claimed that he was having an extra-marital affair. “A late report to the council on Wednesday said it was in the public interest that those responsible were held…

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