Skorpios Security Top Up Service Station Beach House Restaurant Reflexions Professional Hair Wolwedans Game Farm Delfinos.Passion for food-Passion for life Oyster World Property Pointer Ponto Grille and Carvery

 

MosselbayonTheline | First With The News

Almost a year after the first Covid-19 case was reported in Wuhan City, China and caused an unprecedented global panic, a group of scientists made the first crucial breakthrough by determining that the virus is not spread by a-symptomatic transmission. 

This groundbreaking finding of the study, performed by 19 scientists from China, the UK and Australia in which almost 10 million people participated, change the entire protocol regarding preventative measures to curb the spreading of the virus - including mask-wearing, lockdowns and social distancing.   

The first human cases of COVID-19, the disease caused by the novel coronavirus causing COVID-19, subsequently named SARS-CoV-2 were first reported by officials in Wuhan City, China, in December 2019.

WUHAN, China, December 23, 2020 (LifeSiteNews) –

A study of almost 10 million people in Wuhan, China, found that asymptomatic spread of COVID-19 did not occur at all, thus undermining the need for lockdowns, which are built on the premise of the virus being unwittingly spread by infectious, asymptomatic people.

Published in November in the scientific journal Nature Communicationsthe paper was compiled by 19 scientists, mainly from the Huazhong University of Science and Technology in Wuhan, but also from scientific institutions across China as well as in the U.K. and Australia. It focused on the residents of Wuhan, ground zero for COVID-19, where 9,899,828 people took part in a screening program between May 14 and June 1, which provided clear results as to the possibility of any asymptomatic transmission of the virus.

Asymptomatic transmission has been the underlying justification of lockdowns enforced all across the world. The most recent guidance from the Centers for Disease Control (CDC) still states that the virus “can be spread by people who do not have symptoms.” In fact, the CDC claimed that asymptomatic people “are estimated to account for more than 50 percent of transmissions.”

U.K. Health Secretary Matt Hancock also promoted this message, explaining that the concept of asymptomatic spread of COVID-19 led to the U.K. advocating masks and referring to the “problem of asymptomatic transmission.”

However, the new study in Nature Communications, titled “Post-lockdown SARS-CoV-2 nucleic acid screening in nearly 10 million residents of Wuhan, China,” debunked the concept of asymptomatic transmission. 

It stated that out of the nearly 10 million people in the study, “300 asymptomatic cases” were found. Contact tracing was then carried out and of those 300, no cases of COVID-19 were detected in any of them. “A total of 1,174 close contacts of the asymptomatic positive cases were traced, and they all tested negative for the COVID-19.”

Both the asymptomatic patients and their contacts were placed in isolation for two weeks, and after the fortnight, the results remained the same. “None of detected positive cases or their close contacts became symptomatic or newly confirmed with COVID-19 during the isolation period.”

Further evidence showed that “virus cultures” in the positive and repositive asymptomatic cases were all negative, “indicating no ‘viable virus' in positive cases detected in this study.”

Ages of those found to be asymptomatic ranged between 10 and 89, with the asymptomatic positive rate being “lowest in children or adolescents aged 17 and below” and highest rate found among people older than 60.

The study also made the realization that due to a weakening of the virus itself, “newly infected persons were more likely to be asymptomatic and with a lower viral load than earlier infected cases.”

These results are not without precedent. In June, Dr. Maria Van Kerkhove, head of the World Health Organization’s (WHO) emerging diseases and zoonosis unit, shed doubt upon asymptomatic transmission. Speaking at a press conference, Van Kerkhove explained, “From the data we have, it still seems to be rare that an asymptomatic person actually transmits onward to a secondary individual.”

She then repeated the words “It’s very rare,” but despite her word choice of “rare,” Van Kerkhove could not point to a single case of asymptomatic transmission, noting that numerous reports “were not finding secondary transmission onward.”

Her comments went against the predominant narrative justifying lockdowns, and at the time the American Institute for Economic Research (AIER) highlighted that “she undermined the last bit of rationale there could be for lockdowns, mandated masks, social distancing regulation, and the entire apparatus of compulsion and coercion under which we’ve lived for three months.”

Swift to act, the WHO performed a U-turn, and the next day Van Kerkhove then declared that asymptomatic transmission was a “really complex question … We don’t actually have that answer yet.”

“I think that that’s misunderstanding to state that asymptomatic transmission globally is very rare. I was referring to a small subset of studies,” she added.

However, the new Wuhan study seems to present solid, scientific evidence that asymptomatic transmission is not just rare but nonexistent. Given that it found “no evidence that the identified asymptomatic positive cases were infectious,” the study raises important questions about lockdowns. 

Commenting on the study, The Conservative Tree House noted that “all of the current lockdown regulations, mask wearing requirements and social distancing rules/decrees are based on a complete fallacy of false assumptions.” The evidence presented in the study shows that “‘very rare’ actually means ‘never’ asymptomatic spread just doesn’t happen – EVER.”

Such a large scientific study of 10 million people should not be overlooked, Jeffrey Tucker argued in the AIER, as it should be “huge news,” paving the way “to open up everything immediately.” Yet media reports have been virtually nonexistent and “ignored,” a fact that Tucker explained: “The lockdown lobby ignores whatever contradicts their narrative, preferring unverified anecdotes over an actual scientific study of 10 million residents in what was the world’s first major hotspot for the disease we are trying to manage.”

The recent findings should enable society to reopen once more, according to the AIER. Without asymptomatic transmission, “the whole basis for post-curve-flattening lockdowns,” life should resume and “we could take comfort in our normal intuition that healthy people can get out and about with no risk to others.”

 “We keep hearing about how we should follow the science,” Tucker added. “The claim is tired by now. We know what’s really happening.” 

He closed his commentary with the question: “With solid evidence that asymptomatic spread is nonsense, we have to ask: Who is making decisions and why?"

 

https://www.lifesitenews.com/news/asymptomatic-transmission-of-covid-19-didnt-occur-at-all-study-of-10-million-finds

No Covid-19 cases

https://web.facebook.com/elsa.wessels/posts/10157998044768397

 https://web.facebook.com/elsa.wessels/posts/10158665016323397

Amazing how quickly the COVID-19 phenomenon paralyzed and bankrupted the economy for most small and medium-sized businesses and forced everybody indoors to work "online" from home . . . while the stock markets clearly show which two industries are enjoying the biggest boom in history since Wuhan cried COVID!

The telecommunication and pharmaceutical tycoons will not allow ANYTHING to kill or curb this magic money-spinning bug that kick-started the global implementation of the new PR buzz words - "New Normal, Internet of Things, New World Order, Fourth Industrial Revolution, Pandemic, Social Distancing, Covi-pass, Vaccination."

Covid is here to stay and so-called "new waves" and outbreaks will continuously justify more lockdowns, economic crashes and political unrest until at least 50% of the world population has been bankrupted and vaccinated and so demoralized that they will welcome the New World Order and Economic Reset . . .

Big Pharma unscathed by Covid-19 crisis as market caps soar in Q2 2020 

https://www.pharmaceutical-technology.com/comment/big-pharma-covid-19-impact/?

Big Tech’s Investments Surge Amid The Pandemic. Here’s Where They’re Placing Bets

https://www.cbinsights.com/research/famga-investment-covid-19/?

https://www.pharmaceutical-technology.com/…/big-pharma-cov…/

https://www.cbinsights.com/resea…/famga-investment-covid-19/

THIS is MY generation's legacy to our children and future generations?

People who STILL believe one or other instant vaccine hastily manufactured by "caring philanthropists" will "end the pandemic" so that life will return to "normal", have some serious thinking and research to do.

BIG bucks in vaccines

https://www.forbes.com/…/moderna-ceo-stphane-bancel-becom…/…

Pharmaceutical companies pay up to $10 billion in "penalties" for illegal activities ranging from price fixing to suppressing lethal side effects and fraudulent representation of research data . . . and they are legally protected against all claims regarding vaccine injuries or fatalities.

The efficiency and safety of these instant Covid vaccines that are now tested on humans are so sketchy, questionable and prematurely promoted that it is an insult to science (and humanity) to even consider mandatory vaccinations. Scientists admit they do not even know whether a vaccine is the right route to pursue against Covid and whether it will have any long-term benefit - never mind the potential harmful side-effects it can have?

In Denmark, thousands of people took to the streets in mass protest gatherings to successfully stop new legislation for mandatory vaccination.

A law in Denmark that would have given authorities the power to forcibly inject people with a coronavirus vaccine has been abandoned after nine days of public protests.

The ‘epidemic law’ would have handed the Danish government the power to enact mandatory quarantine measures against anyone infected with a dangerous disease, but it was the part about vaccinations that caused the biggest uproar.

https://summit.news/…/forced-vaccination-law-in-denmark-aba…

The Council of the District of Columbia City on Tuesday passed the dangerous and predatory bill B23-0171 which permits children 11 years old and older to consent to vaccines on their own without parental knowledge or consent.

The bill also requires insurance companies, vaccine providers and schools to conceal the fact that the child has been vaccinated from the parent. And it sets up these young children to be targets of bullying and coercion to be vaccinated behind their parents backs.

https://childrenshealthdefense.org/…/tell-dc-mayor-veto-pr…/?

As pharmaceutical firms gear up for mass vaccinations and treatments for COVID-19, based on this research, is there anything we should be looking out for?

Absolutely. Firms with high historical incidences of illegal activity are more likely to engage in the fraudulent representation of research data, the suppression of negative side-effects, and the false marketing of their products. It is very much related to COVID-19 research in that a firm with a history of misconduct would have a higher probability of lying about the efficacy of their vaccines or therapeutic treatments.

Are penalties just part of doing business?
It is only part of doing business if one believes that illegal activity is a legitimate business strategy. Otherwise, it is an indication of poor governance and leadership. Further, research I have done with Belk College colleagues Ted Amato (Economics) and Dean Jennifer Troyer (Economics) provides evidence that links illegal activity with reduced drug innovation. In other words, cheating is a substitute for innovation.

The billions of dollars in penalties – nearly $10 billion in the case of GlaxoSmithKlein – could instead have been spent on research and development.

What can government regulators learn from your research?
Aggressive oversight and enforcement are vital to ensure that pharmaceuticals are safely utilized and that pricing is consistent with federal regulations. In particular, to deter such behavior, it will be important to act on 2015 guidance from the Department of Justice, which requires that executives, and not just shareholders, be held liable for corporate misconduct. In addition, providing consistent and strong incentives for whistle-blowers is essential. Finally, there is ample room for additional regulation to better protect Americans from false or misleading information regarding drug efficacy and overpricing.

Since prescription drugs are critical to the health of citizens, should big pharmaceuticals be held to a higher standard?
All large pharmaceutical companies pledge to improve human welfare. Yet, the majority use marketing and pricing strategies that harm patient welfare to improve their bottom lines. Because of this hypocrisy, the pharmaceutical industry consistently ranks at the bottom among Gallup’s U.S. industry reputation rankings.

https://inside.uncc.edu/…/research-shows-price-pharmaceutic…

Unfortunately, the trials' results were announced via press releases, leaving many scientific uncertainties that will dictate how the vaccines will affect the course of the pandemic. Little safety data are available. How well the vaccines work in older people or those with underlying conditions and their efficacy in preventing severe disease are still unclear. Peer-reviewed publication should resolve these issues, but other questions will not be answerable for some time. For one, the duration of protection is unknown and will have a huge bearing on the practicalities and logistics of immunisation (will boosters be needed? How often?).

https://www.thelancet.com/…/PIIS0140-6736(20)32472…/fulltext

https://childrenshealthdefense.org/…/how-to-resist-governm…/

https://childrenshealthdefense.org/…/listening-key-underst…/

Covid vaccine makes Moderma CEO overnight a billionaire

https://www.forbes.com/…/moderna-ceo-stphane-bancel-becom…/…

Related Articles:

THE CURRENT SITUATION IN SPACE

satellites3

SpaceX

The launch of 57 more satellites by SpaceX in the early morning of Friday, August 7, at 1:12 AM EDT, has brought the number of SpaceX’s “Starlink” satellites orbiting in the Earth’s ionosphere up to 595.

Although this was the first launch since June 13, SpaceX has not been idle during this time. It has built additional ground stations and has received permission from the Federal Communications Commission to operate (so far) 40 ground stations, scattered throughout the United States. It has signed up customers to begin “beta testing” of the satellites that are already in orbit. Beta testing will occur initially, says SpaceX, with customers who live between 44 and 52 degrees latitude in the northern U.S. and southern Canada. SpaceX plans to begin the testing sometime in September.

SpaceX’s launch of April 22, which brought the number of its satellites up to 420, was accompanied by reports of heart palpitations from far and wide, including from yours truly. I again felt strong heart palpitations that began early in the morning on August 7. Actually I began to experience a feeling of oppression Thursday night about two hours before the launch time. Please contact me if you have been having heart palpitations since Friday’s launch.

satellites5

OneWeb

OneWeb, which is based in the UK, and which had declared bankruptcy in March, has been bailed out to the tune of one billion dollars by the UK government and Indian telecommunications company Bharti Global. And on May 26, 2020, OneWeb applied to the FCC for permission to compete on an equal footing with SpaceX by launching 47,844 satellites into the ionosphere.

Although OneWeb’s offices are in the UK, none of its Directors lives there. Its CEO, Adrián Steckel, is Mexican, and the rest of its Directors live in the U.S., Germany, Israel and Mexico. Its major stockholders are Qualcomm (Singapore), SoftBank Group (Japan), and 1110 Ventures (U.S.).

Amazon

On July 29, 2020, the FCC granted Amazon’s application to launch 3,236 satellites into the ionosphere. Like the satellites of SpaceX and OneWeb, Amazon’s satellites will operate at millimetre wave frequencies and use phased array technology to cover the Earth with focused beams of radiation enabling customers to access the Internet from anywhere on Earth, on land or ocean.

The satellites of SpaceX, OneWeb and Amazon alone, if they are all launched, will total, together, about 92,000 satellites. If you add in Iridium and Globalstar, which are already operating small constellations, and the plans of Facebook, Link, Canadian companies Kepler and Telesat, the China Aerospace Science and Industry Corporation, Russia’s Roscosmos, and other competitors, there could soon be 100,000 satellites orbiting in the ionosphere.

“But will you wake for pity’s sake”*

The out-of-control satellite industry is one of the stupidest things humankind has ever created. It treats the life-giving envelope of our atmosphere as if we don’t depend on it. It poses an immediate threat to life on Earth, in so many ways.

satellites1

https://corpblog.viasat.com/space-junk-is-a-real-if-rare-threat-to-spacecraft-including-satellites/

The 100,000 planned 5G satellites, each with a designed lifespan of 5 to 10 years, must be constantly de-orbited and replaced. This means that at least 10,000 satellites will have to be launched every year, forever into the future. If an average of 50 satellites can be launched on each rocket, that’s 200 rocket launches per year, just to maintain the satellites used for cell phones and Internet. And it means the de-orbiting of 10,000 worn out satellites per year, burning them up in the atmosphere and turning them into toxic dust and smoke. And that’s not counting the ever-increasing numbers of weather, research, tracking, monitoring, surveillance, military, and other kinds of satellites and missiles being launched in what will soon be a parade of rockets burning prodigious quantities of fossil fuels, punching holes in our atmosphere on a daily basis, and treating the source of all life as Earth’s largest garbage pit.

Martin Ross of the Aerospace Corporation and other researchers have been modeling the effects of daily rocket launches on ozone and global temperatures. Rocket exhaust, depending on the type of fuel used, may contain chlorine and/or oxides of nitrogen, hydrogen, and/or aluminum, all of which destroy ozone. SpaceX’s kerosene-fueled rockets deposit enormous amounts of black soot into the stratosphere, where it accumulates, absorbing solar radiation and warming the stratosphere. The warming of the stratosphere accelerates the chemical reactions that destroy ozone.

satellites

https://cosmoknowledge.com/satellites-that-are-orbiting-the-earth/

Most rockets are launched from the northern hemisphere. And the winter and spring of 2020 saw the largest and longest-lasting Arctic ozone hole in history. Ozone-watchers did not know what caused it, but they were not communicating with the scientists who are studying rocket exhaust. Our world is full of specialists, deaf and blind to other specialties, collectively asleep and marching toward oblivion.

Atmospheric physicists do not study astronomy. Astronomers do not study electricity. Electricians do not study biology. Medical doctors do not study acupuncture. Doctors of oriental medicine do not study atmospheric physics. But the universe is not fragmented, it is a whole, and our culture has forgotten what that is, to its peril and to the peril of everything alive.

The ionosphere is a source of high voltage that controls the electric circuitry of the biosphere and everything in it, including the fine-tuned circuitry of every human, every animal, every tree, and every fish. If we do not immediately stop the destruction of our fragile blanket of electrified air, upon which we depend for growth, healing, and life itself, climate change and ozone destruction may not matter. Beta testing begins in September.

NATIONAL MEETING ABOUT SATELLITES, AUGUST 13

On Thursday, August 13, 2020, from 7 to 9 PM EDT (2300 to 0100 UTC), Americans for Responsible Technology will host a meeting about the 5G satellites on Zoom that will be simulcast on Facebook. In the first hour, four presenters will speak for 15 minutes each:

Ben Levi, technology consultant, will summarize the current satellite situation. Where are we now, and what is forecast over the next few years?

Joe Sandri has a law degree and has training and experience in radiofrequency engineering. He will describe how the satellites work. How will a typical 5G transmission use the satellites? What kinds of earth stations will be required?

Arthur Firstenberg will talk about the impact of the satellites on people and the environment. How will the electrical environment of the earth be altered by constant transmission of 5G signals?

Julian Gresser, attorney, will address what is being done legally to stop this. What right does the FCC or any other agency have to authorize the use of space for private commercial interests? What are the legal and ethical principles involved?

The second hour of the meeting will consist of a discussion among the presenters, followed by questions from the online audience, which will include members of the press.

Attend by Zoom (limited space). Participants must register in advance: https://us02web.zoom.us/meeting/register/tZwkdeqoqjIiGNx6dqXjti7HrZHqle3LNwrH

Watch on Facebook: https://www.facebook.com/events/1176845649355076 

CORONAVIRUS’S HIDDEN THREAT

Covid virus

When SpaceX begins its beta testing in the northern United States and southern Canada later this summer, the single biggest obstacle to recognizing its effects on humans will be COVID-19. Because no matter how many people sicken or die in that part of the world, it will be blamed on the coronavirus.

The pandemic began with 5G. 5G came to Wuhan shortly before the outbreak of COVID-19 there. 5G came to New York City streetlamps shortly before the outbreak of COVID-19 there. COVID-19 deprives the blood of oxygen, while radio waves deprive the cells of oxygen. COVID-19, alone, is just a respiratory virus like the common cold. But together with 5G, it is deadly. To deal with COVID-19 effectively, society must first recognize the harm done to the body by radio waves. 5G is radio waves on steroids.

This worker’s death was not caused by hot weather, as was reported by the media

Instead of acknowledging the harm from radio waves, society is tearing its fabric apart by instituting measures that are protecting no one and are instead sickening and killing people. I will mention just one of those measures here: facial masks.

As a person who went to medical school, I was shocked when I read Neil Orr’s study, published in 1981 in the Annals of the Royal College of Surgeons of England. Dr. Orr was a surgeon in the Severalls Surgical Unit in Colchester. And for six months, from March through August 1980, the surgeons and staff in that unit decided to see what would happen if they did not wear masks during surgeries. They wore no masks for six months, and compared the rate of surgical wound infections from March through August 1980 with the rate of wound infections from March through August of the previous four years. And they discovered, to their amazement, that when nobody wore masks during surgeries, the rate of wound infections was less than half what it was when everyone wore masks. Their conclusion: “It would appear that minimum contamination can best be achieved by not wearing a mask at all” and that wearing a mask during surgery “is a standard procedure that could be abandoned.”

I was so amazed that I scoured the medical literature, sure that this was a fluke and that newer studies must show the utility of masks in preventing the spread of disease. But to my surprise the medical literature for the past forty-five years has been consistent: masks are useless in preventing the spread of disease and, if anything, are unsanitary objects that themselves spread bacteria and viruses.

  • Ritter et al., in 1975, found that “the wearing of a surgical face mask had no effect upon the overall operating room environmental contamination.”
  • Ha’eri and Wiley, in 1980, applied human albumin microspheres to the interior of surgical masks in 20 operations. At the end of each operation, wound washings were examined under the microscope. “Particle contamination of the wound was demonstrated in all experiments.”
  • Laslett and Sabin, in 1989, found that caps and masks were not necessary during cardiac catheterization. “No infections were found in any patient, regardless of whether a cap or mask was used,” they wrote. Sjøl and Kelbaek came to the same conclusion in 2002.
  • In Tunevall’s 1991 study, a general surgical team wore no masks in half of their surgeries for two years. After 1,537 operations performed with masks, the wound infection rate was 4.7%, while after 1,551 operations performed without masks, the wound infection rate was only 3.5%.
  • A review by Skinner and Sutton in 2001 concluded that “The evidence for discontinuing the use of surgical face masks would appear to be stronger than the evidence available to support their continued use.
  • Lahme et al., in 2001, wrote that “surgical face masks worn by patients during regional anaesthesia, did not reduce the concentration of airborne bacteria over the operation field in our study. Thus they are dispensable.”
  • Figueiredo et al., in 2001, reported that in five years of doing peritoneal dialysis without masks, rates of peritonitis in their unit were no different than rates in hospitals where masks were worn.
  • Bahli did a systematic literature review in 2009 and found that “no significant difference in the incidence of postoperative wound infection was observed between masks groups and groups operated with no masks.
  • Surgeons at the Karolinska Institute in Sweden, recognizing the lack of evidence supporting the use of masks, ceased requiring them in 2010 for anesthesiologists and other non-scrubbed personnel in the operating room. “Our decision to no longer require routine surgical masks for personnel not scrubbed for surgery is a departure from common practice. But the evidence to support this practice does not exist,” wrote Dr. Eva Sellden.
  • Webster et al., in 2010, reported on obstetric, gynecological, general, orthopaedic, breast and urological surgeries performed on 827 patients. All non-scrubbed staff wore masks in half the surgeries, and none of the non-scrubbed staff wore masks in half the surgeries. Surgical site infections occurred in 11.5% of the Mask group, and in only 9.0% of the No Mask group.
  • Lipp and Edwards reviewed the surgical literature in 2014 and found “no statistically significant difference in infection rates between the masked and unmasked group in any of the trials.” Vincent and Edwards updated this review in 2016 and the conclusion was the same.
  • Carøe, in a 2014 review based on four studies and 6,006 patients, wrote that “none of the four studies found a difference in the number of post-operative infections whether you used a surgical mask or not.”
  • Salassa and Swiontkowski, in 2014, investigated the necessity of scrubs, masks and head coverings in the operating room and concluded that “there is no evidence that these measures reduce the prevalence of surgical site infection.”
  • Da Zhou et al., reviewing the literature in 2015, concluded that “there is a lack of substantial evidence to support claims that facemasks protect either patient or surgeon from infectious contamination.”

Schools in China are now prohibiting students from wearing masks while exercising. Why? Because it was killing them. It was depriving them of oxygen and it was killing them. At least three children died during Physical Education classes -- two of them while running on their school’s track while wearing a mask. And a 26-year-old man suffered a collapsed lung after running two and a half miles while wearing a mask.

Mandating masks has not kept death rates down anywhere. The 20 U.S. states that have never ordered people to wear face masks indoors and out have dramatically lower COVID-19 death rates than the 30 states that have mandated masks. Most of the no-mask states have COVID-19 death rates below 20 per 100,000 population, and none have a death rate higher than 55. All 13 states that have death rates higher 55 are states that have required the wearing of masks in all public places. It has not protected them.

“We are living in an atmosphere of permanent illness, of meaningless separation,” writes Benjamin Cherry in the Summer 2020 issue of New View magazine. A separation that is destroying lives, souls, and nature.

* from Christopher Fry, A Sleep of Prisoners, 1951.

Arthur Firstenberg, American physicist and writer

August 11, 2020

Related Articles:

 

 

Fishcor1

 

Fishcor2

 

 

While the ongoing #Fishrot investigation into state capture, bribery, money-laundering and fishy deals to access Namibia's prolific fishing waters has opened a Pandora's box of irregularities and loopholes in the international fishing industry, the warning signals have been there long ago.

Peter Robert Manning already forewarned the danger of what is happening now in a thesis MANAGING NAMIBIA’S MARINE FISHERIES: OPTIMAL RESOURCE USE AND NATIONAL DEVELOPMENT OBJECTIVES submitted in 1998 to the  London School of Economics and Political Science.

The thesis comprises a detailed history of Namibia's fishing industry right up to the post-independent "Namibianization" of the industry. Manning specifically warned against the dangers of joint ventures between local small fishermen and big foreign companies where the extensive use of nominee shareholders efficiently hide the true identity of the beneficiary shareholders, saying "it multiplies the efficacy of the provision of the Companies Act which makes it an offence for a company to withhold information about its shareholdings". SA 1973, s113(1).

Manning further suggested:   

"It would seem reasonable for the identities of beneficiaries of the use of a public resource to be placed in the public domain, so that anyone at any time is able to have access to this information.
It will never be possible to be sure that all resource rent is being collected by government because of the difficulties of assessing what exactly the resource rent is in the first instance. Approximations are used, making it likely at any time for there to remain some rent in the system.
 
Theoretically, much of this information is in the public domain. The Register of Companies, maintained by the Ministry of Trade and Industry, hold details of the Directors of all registered companies and the address where the register of members of each company is held.
 
It is an offence under the Companies Act (61) 1973 for a company to refuse to disclose its shareholding (South Africa 1973, si 13(1)). However, the use of nominee shareholders and the incidence of foreign 284 registered companies as shareholders means that the provisions of the Companies Act in this respect is inadequate.
 
The Ministry of Fisheries and Marine resources requires of companies that they disclose the beneficial shareholding of the company to the Ministry as part of the annual survey it makes of the industry. As this information is theoretically in the public domain, it would be constructive for the Ministry to make the information publicly available in the form of access to a database. This would help to make the ownership and control of the industry a lot easier to monitor by interested parties and therefore a lot more transparent. This could be done with relatively little extra work or expenditure.
 

Most participants in the fishing industry are constituted as private limited companies. Only a few are public companies. Unlike a public company, a private company is not obliged to lodge a copy of interim statements and annual financial statements with the Registrar of Companies (ibid., s302).

It would seem reasonable that private companies in the fishing industry be obliged to disclose this information due to the public nature of the resource they are utilising. This would help to improve the accountability of the industry to the public and would promote greater transparency in the industry."
7. C

https://core.ac.uk/download/pdf/46519401.pdf? 

 

 

 

 

Related Articles: