Dear Editor

Another gullible Global Trader

We are such gullible fools in this country. The financial markets are driven by fear (bear market) and greed (bull market). It is on those emotions that predators like Global Trader/GT247.com prey and flourish.

I am a 56-year-old professional and one of the fools who opened an account with Future Trader on GT247. I deposited R10,000 and within a few days I was down to R7,758.20. I saw that as school fees and decided I would trade more carefully. I started to question the “spreads” of this platform, because, however carefully I traded, I just couldn’t make money here. I opened a demo account with their other platform called GTi Trader and with fake money I made up to US$3,000 per day! That’s the trap, the demo accounts.

I’m sure plenty of similarly gullible people have been caught with the scam, but are too ashamed to admit to it. Keep on exposing the crooks.


PS: I use a pseudonym as I, too, am ashamed to publicly admit my ignorance.

For an update on this subject, see Global Trader: more lies and deception elsewhere in this issue. – Ed.

Some facts for the scientist

The Department of Water Affairs/TCTA (Trans-Caledon Tunnel Authority) Final Feasibility Report on the Long Term Treatment of Acid Mine Drainage includes the following:

“Coetzee et al, 2003, report a uranium concentration in a surface-water body next to the northern watershed of the headwater region of the Wonderfonteinspruit (Robinson Lake) of 16mg/l after underground mine water decanting into the Tweelopiesspruit was pumped into the lake. The combination of pH- and redox-driven reactions resulted in a measured uranium concentration of 16mg/l, and resulted in the NNR declaring the lake a radiation area.”

And the Task Team’s Report (of December 2010) to the Inter-ministerial Committee on AMD stated: “Acid mine drainage in the Witwatersrand typically has a pH value around 3... and is enriched in a number of toxic metals, often including uranium.”

How does Dr Anthony Turton (“Top scientist attacks Wonder Woman”: nose166) explain that?

So far there’s no reason to doubt that Mariette Liefferink knows her stuff better than most – and by all accounts better than Dr Turton.

Informed Source

Complacent consumers

The seemingly endless argument as to whether our food grown from genetically modified (GM) crops is dangerous or unhealthy is surely irrelevant, for the following reasons.

Yes, farmers have fallen victim to a well-formulated menu of opportunities for various agricultural practices; for example, easier pest and weed control.

Consumers, on the other hand, see the issue through very different eyes: there is nothing to be gained by them from this GM food: humans have evolved perfectly well for millennia without it; they are not the least bit concerned about the “promised” increase in yields-per-hectare, which has lost its credibility anyway; they’re not influenced by the unnatural introduction of this or that vitamin or protein into a host crop; they are quite accustomed to sourcing these from foods that have historically provided them.

I wonder why there isn’t a burgeoning murmur of discontent among consumers: “Why do they have to mess around with our food so much?”

Malcolm Stuart
Somerset West

Your argument is based on the assumption that everyone has a free choice whether to consume GM foods or not. The factual situation is that most people have no choice; they’re being fed them, like it or not. Which makes it very relevant whether they are harmful or not. That is quite apart from the economic threat posed by the power play, monopoly formation and financial manipulation of politicians and research that have become a feature of the business. – Ed.

Lieberthals leave slimy trail

I used to work for Jayson and Hugh Lieberthal (“Family that preys together”, nose164) between 2001 and 2003 when they had a shop in Norwood called One Stop Print. I left when they turned the back room into a room where they could take photographs of porn and produce South Africa’s first “black porn magazine”. He also bought one of the designers a vibrator for her birthday: he thought it would be hilarious. She was furious and threatened to sue him for sexual harassment. It was all seriously gross.

He screwed over many employees by not paying them what they were promised. Numerous suppliers struggled to be paid. Being in the printing game we have often talked about them, wondering how they get away with it, moving to Durban and carrying on as before. So thank you for your article. It gives us peace of mind, knowing they’re not getting away with it after all.

I hope it also helps ensure that more innocent people are not hurt and tricked by them.

Chantel Crocker

Teed off by scooter’s failings

In 2010, I purchased a Scooti Golf Cruiser from an agent representing the South African importers, Mark Hodson Scooters cc, for R13,995. Within about 12 months the Scooti broke down frequently. In that time I used three different Scooties and all gave various failure problems.

Mark Hodson offered to buy it back for R6,500, taking into account the costs he had incurred for repairs and transportation to his premises in Cape Town. I accepted that offer on 1 March 2012 but, despite many reminders, Hodson has failed to pay me. His attorney subsequently reduced his offer to R4,485 which I accepted in order to bring to conclusion a most unfortunate experience. Again no payment.

It is clear he has no intention of paying me. At one stage he said he was refusing to pay me because I tried to sue him in the Small Claims Court. (The magistrate said I had taken action in the wrong court, so he would not hear the matter.) Taking action in any court is time-consuming, so I have not tried again in the correct court.

The Scooti is imported from China and – given the various unreliable units I have used – I suspect that many golfers have experienced similar failure problems with this product.

Hodson trades from his home at 25 Crassula Way, Pinelands, Cape Town. His phone number is [was, it has been disconnectedEd.] 021 531 4117. His email address is mark@scooti.co.za

Derek Poole

Lounging around airports

I normally go to FNB’s Slow Lounge at the various airports, which are honestly amazing. This time, however, as the Slow Lounge was full, I decided to use my Diners Club card and go to the Bidvest “Premier” Lounge (entry fee R159.00, which is slightly more than half of the Slow Lounge fee).

The coffee, purporting to be Douwe Egberts, was disgusting, the snacks inadequate, and the choice of drinks laughable. The wifi, when it was not falling over, was extremely slow.

If you were thinking of going into the “Premier Lounge”, don’t waste your money. Rather go to one of the restaurants; the food will be far superior and a lot cheaper.

Honestly, Diners Club, shouldn’t you treat your clients with the same level of respect that FNB does theirs?

Clive Varejes

Half the value for half the fee sounds about right. The question is: was Diners Club aiming for half the class?Ed.

Sweet smell of sectarian sport

I can relate very well to Tom Eaton’s annoyance about our obsession with sport (nose165). I am married to a perfectly rational man, irreligious in every sense of the word, until it comes to rugby.  Then another being takes possession, a zealous fanatic who sees, hears, smells nothing other than the brutal assault known as a tackle being perpetrated on the field or screen, or the frenzied knot of beef and bone ‘engaging’ to get that ball.

But Tom Eaton overlooks one thing: the religion of sport is not limited to South Africa.  Try Australia and New Zealand for crazed obsession with rugby, cricket, whatever. Soccer in the UK is pretty insane. And the USA during football or baseball season is not for the faint-hearted: believe in your team, parade your flashy gear,  commit to your religion and flaunt it – or else!

Passion for sport almost everywhere is fundamental in ways I can’t begin to understand. Like Tom Eaton, I remain unconvinced. But I confess there is a price to pay for this lack of faith: a grain of envy that the sports gene is missing, that I entirely lack the weird, wild conviction of any true believer.

Rosemund Handler
Cape Town

Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -


While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.