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Judge confirms preservation order against businessman a...


The Pretoria division of the Gauteng High Court has confirmed a Section 163 (preservation) order granted to the South African Revenue Service (SARS) in September last year against luxury car-loving businessman Thabiso Hamilton Ndlovu and several companies that have been described by the presiding judge as “mere fronts”. 
In a ruling emailed to the parties on Monday, the acting Deputy Judge President of the Gauteng division, Roland Sutherland, found that Ndlovu’s reasons for challenging the provisional order – including that he was busy sorting out his tax affairs when it was issued – had insufficient tread. 
Sutherland said the argument that Ndlovu and his companies were “intent on paying what shall fall due” was “belied by the duration of the non-compliance” with SARS.  ....

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Detailed text transcripts for TV channel - MSNBC - 20110805:19:50:00

Joining me now is m.i.t. economist michael green stone director of the hamilton projects and author of the report. thank you for being here. here. thanks, ezra. the first question, the obvious one. what happened? do we get dumber? where did our innovation go? innovation, you were saying, it s a tricky thing. there s not a magic formula, but rather it s it comes out of an ecosystem or a series of small choices that add up to something big. and i think what happened is that beginning sometime in the 1970s, we stopped being as aggressive in making those investments and kind of putting together the lattice work that leads to innovation and ultimately determines or living standards. so you talked about that lattice work. the stereotype of innovation, a lone genius, addict. the brain in larry page in a garage inventing google. that implies no role for society much less the government. we wait and hope these guys think their great thoughts. ....

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