There is a buzz within the country, to integrate Pension Fund into the capital markets. Whilst this is a good idea, perhaps more research ought be done in terms of considering short and long term implications; Impending benefits against the perils, in order to come up with a viable, long lasting, and practical alternative to the idea of investing people’s retirement fund, into the capital markets. Based on the prevailing economic conditions, I must attest to the fact that, our country is not ready or prepared to carry the burden should the investment adventure turn out to be a disaster.
In recent months, some of our politicians have publicly drummed up the idea, urging the public and governmental agencies, to invest in the stock market. Zitto Kabwe, for instance, recommended and touted the public, more so governmental institutions to invest in Barrick Gold, as soon as its shares goes public in London Stock Exchange. Zitto believed, that this was only way, the public would have the sense of ownership of their natural resources.
I do, however, have reservation and different perspective or other cautious approach when it comes to investing people’s pension into the stock market.
Based on experience, it will be ill advised for this idea to proceed. Unless our government has plans in place, to intervene should the project turn out to be a fatal mistake. Retirement funds –pension-, emerged in industrialized world, after people proved to be generally incapable of planning for their post retirement life.
Developed nations, which invented the “retirement fund” notably, United Kingdom, United States of America, Canada, Australia, and so forth’s, experiment into the idea proved costly, and disastrous. The experiment gave sobering experiences when it comes to privatization and investing people’s lifeline after retirement into the stock market
United Kingdom began encouraging its workers to divert payroll taxes to personal investment accounts’ in 1978, and the end result was particularly excruciating, as many citizens were victimized by poor investment choices, extortionists, ill bent bankers, and stock brokers. The national government was left with exuberant administrative costs, lost tax revenues, and the burden to bail out failed private pension plans. Surely, the problem was wide-ranging, that even the most enthusiastic supporters of private accounts had to recant the idea.
Pension fund is a very complicated, and an extremely delicate subject almost everywhere. Developed nations such as the United States, with well structured financial system and mechanisms , have historically exploited hedge fund firms backed with well financed financial giants, to run the investment work on behalf pensioners through( 401) K , mutual funds, and so forth . Inspite of this fact, many future pensioners have incurred losses or seen their retirement lifeline melt away. Tanzania with literally no proper regulation or well structured mechanism in place to control “wajanja”, jumping the wagon will be nothing but a suicidal move.
Our country is a debt laden nation, which depends on foreign aid to maintain its solvency. That said, in case of a weak or serious economic activity, let’s say a deep recession, accompanied by high inflation, and subsequent dive of Dar- es- Salaam Stock Exchange (DSE), the government would not be financially sound enough to fund the retirees, who are dependent on the Pension Fund for survival.
Probability and risks of total collapse of the fund would be very high, if such an adventure or move is implemented without proper research being carried out.
Equity markets cannot improve or guarantee the long term solvency of Tanzania’s Pension fund, and must therefore, remain a NO go zone for the time being. The same should apply to the idea of buying government backed treasuries, because the government cannot buy its own securities then pay itself.
If Mr. Zitto Kabwe, and other proponents of stock market investments were serious on their assertion; urging the public to invest Pension fund into the stock market, they should have explored other alternatives to the stock market.
Consumer durables, that yield higher returns than alternative investments, such as stock markets, and bonds, would have been viable options as opposed to purchasing Barrick Gold’s shares in London Stock exchange.
Listing of Barrick Gold, in London Stock Exchange has no value to the ordinary citizens. This move is nothing but a publicity victory for the company, as many Tanzanians and their agencies cannot afford the cost of shares listed in London Stock Exchange considering the return ratio.
Traditional investment methods, which are less complicated, perhaps would be the best option for a young economy like Tanzania’s. Our tourism sector, service industry, agriculture, healthcare, housing and many more, are potentially low risk investments options with higher returns to be considered, as opposed to the stock, and bond markets. Capital Markets (Stock and Bond) are so sensitive to political and economic breeze, and can easily be manipulated by various stake holders. With enough research, in addition to good management, Tanzania’s pension fund can thrive to a degree of starving off insolvency in the face of various economic climates for many decades to come.
Demand for housing in many Tanzania’s metropolitans is ever increasing. Instead of pumping billions into Barrick Gold shares, and other foreign owned companies’ active in either domestic or foreign capital markets, our politicians should instead, advise these agencies, and the public to invest domestically into the housing sector in order to ease congestion and housing shortage in our cities, more so in Dar es Salaam.
Through fund managers, Tanzania’s Pension funds can be invested in the tourism industry, by offering competitive, and world class lodging and accommodation services in less developed tourist destinations and attractions like Mafia Island, Mikumi and so forth. Instead of relying on substandard, hazardous, and bogus goods from Asia, the retirement funds can be channeled through the former –fund managers- into establishment of high tech domestic manufacturing.
This move will not only add value to the fund, it will save our country from spending too much foreign currency on unnecessary imports which can be produced domestically.
Due to the improvement in living standards in the country, the demand for consumer goods has proportionally increased-unitary elasticity-, creating a larger demand for the consumer goods. This move will not only add value to our retiree’s kitty, it will also provide jobs domestically, which would be realized should the fund invest in foreign capital markets.
The return on these forms of investment will definitely surpass what would otherwise be earned from the stock markets if rules of proper management are followed and adhered to. The same would apply to the agricultural sector, which would also boost our country’s presence in the international arena by exporting high quality agricultural produce.
Should the participation in the Capital Markets be seen as a must, commercial paper, and asset backed –collateral- lending , would be the best alternatives to safeguard our retirees pension fund, not bonds and equities. Due to the very short to short- maturity period of commercial paper, mostly in 1-30 days, the risks of default are very minimal especially when the borrowers are trustworthy companies with large market presence and reputable history.
The other option could be Asset Backed lending -collateral- in which institutions, or other borrowers must pledged a secondary – subordinate- security. Since Tanzania’s and its institutions lack credit rating which is needed to determine institution’s financial stability, comprising of earnings records, credit trustworthiness and general ability to meet financial obligations in both short and longer terms.
There are many agencies other than “Retirement Fund or NSSF” which can participate in the stock market, as the fund cannot withstand the jittery nature of the financial markets, and still be able to maintain the required solvency needed at all times regardless of the prevailing economic condition.
Thus, our politicians should stop encroaching on the fiduciary duties, and instead leave this kind of work into the hands of experienced fund managers, which I am sure NSSF has.
Our politicians should concentrate on policy making, and safeguarding of our natural resources –minerals- and pensioners from the greedy and corrupt individuals within the system.
This is my perspective, and subject to debate. What is yours?
Mungu Ibariki Tanzania
John Mashaka
mashaka.john@yahoo.com
NB: Wadau nimepokea malalamiko kuhusu kupotea. Hii inatokana na hali ya ubebaji boxi kuwa mgumu. Ila muda unapopatikana kama huu tunajumuika pamoja katika mijadala endelevu - John Mashaka
John Mashaka
mashaka.john@yahoo.com
NB: Wadau nimepokea malalamiko kuhusu kupotea. Hii inatokana na hali ya ubebaji boxi kuwa mgumu. Ila muda unapopatikana kama huu tunajumuika pamoja katika mijadala endelevu - John Mashaka
we mashaka hebu acha mambo yako bwana nani kakulalamikia kwamba umepotea sisi tulifurahi cos hali ya hewa iliacha kuchafuka huku kwenye blog na tulikua tunapata vitu vya muhim ambavyo tunategemeakuvikuta kwenye blog ya jamii
ReplyDeletewewe endelea na box na ukileta masihara watakutema maana na wazungu sasa hivi nao wamepinda so better unconcetratite kwenye mambo yako ya muhim kuliko kuja kubishana humu na kutujazia midudu yenu wewe na yule chizi mwenzio USbloga
thank u
john will you marry me??
ReplyDeleteOPENED YET LETTER TO MASHAKA......!
ReplyDeleteMISTER MASHAKA YOU ARE VERY MUCH IN COMMON IN DOING BOGUS CLAIM AS FAR AS ECONOMIC ARE CONCERNED, WE IS INVESTING TO HASHEEM THABEET AND ARE LOOKING WELL AS FAR AS KIMPENSKI ARE CONCERNED TOO LIFE IS GOOD HASHEEM IS BILLIONAIRE HE COULD NOT BUYED KIMPENSKI IF ARE SHARES IS NOT GOOD SO IF ARE SAID ABOUT 401 K THEN SHOW US OF WHAT YOU GET IN YOUR PERSONAL ACCOUNT LIKE HASHEEM DO TO HIS BILLIONAIRE CONTRACT OF MEMPHIS OF USA, PEOPLE IS GONNA TAKE RISK. WHILE IN MUZUMBE MULOGOLO I LEARN THEN LIFE ARE RISK OF EVERY THING SO TANZANIA ARE NOT DIFFERENT AND ITS PEOPLE MOVE IN INVEST IN EACH CORNER OF MINES AND BARRACKS ARE THE BETTER MOVEMENTS OF TODAY ECONOMY. MASHAKA IS LOSTING MIND BECAUSE HE CAN`T TEACH TANZANIA ABOUT ITS LIFE IS SO AMERICANIZED AND HUMBLED. MASHAKA ASK ME HOW TO INVEST YOUR PENNIES NOT TELL PEOPLE LIKE MOST YOUNG BILLIONARE HIS HIGHNESS HASHEEM THABIT HOW TO ARE INVESTIMENT HIS RETIREMENTS PLANS, AFTERALL YOU ARE OLD SO WHY WORRIED OF RETIREMENTS? LIFE ARE FASTER FASTER MASHAKA BONGO ARE VERY SMARTEST BY THE WAY LET US INVEST IN MINES MY FRIENDS. I AM A DEGREE HOLDER OF ECONOMICS AND PHD OF MATHEMATICS IN SCIENCE DEGREE OF MUZUMBE ZND ONTARIO CANADA RESPECTIVELY.
MIMI RAIS MASHAKA TUMESOMA NAYE CHUO KIKUU, KULE MZUMBE, JAMAA ALIKUWAGA KILAZA SANA. HIZI NI AKILI ZA UKUBWANI AMBAZO MTU YETOTE ANAWEZA KUZIPATA AKIWA KWENYE MAZINGIRA MAZURI KAMA ALIYO MASHAKA. WEWE UNADHANI MTU ANAISHI NA WAZUNGU MATAJIRI KILA SIKU WANAONGEA UCHUMI KWA NINI ASIWEZE KUANADIKA VITU KAMA HIVI ALAFU MIJINGA FULANI INAMSHABIKIA KWAMBA MTUME, MARA RAIS,GINIUS WIZI MTUPU. HETI Rais wa 2015 Karudi, karudi, karibu jamvini. Sasa hivi vurugu vitaanza
ReplyDeleteKampeni naziona zimeanza kwa gea kubwa..... hii mashine kubwa siiwezo
ReplyDeletewow!!!! This is some good shit.
ReplyDeletethis is a mind of a tanzanian,
john Mashaka this is incredible masterpiece of relevant and well thought ideas.
NSSF like Mashaka said, should be kept out of politics.fullstop
Hakuna mtu anayeitwa john mashaka, hii jina michuzi
ReplyDeletealojitungia ili kuvutia watu kwenyee hii blogu.
Na mnaona kweli hilo jina likiwekwa watu wanakuwa kama kumbikumbi, mnaniuzi kweli
my father has worked deligently for the government for more than 30, he is about to retire, and cannot belive that he may lose his retirement if the NSSF is invested into the stock market.
ReplyDeleteWhatever can be done to stop this crazy idea, needs to be done right now, today, we cannot tolerate a lawless nation in which mafisadi walk as they please, and do whatever is in their interest. Mashaka kudo’s for the good ideas
Hii atiko ya Mashaka akipewa Kanumba asome itakuwaje?
ReplyDeleteMaimuna na vihiyo tupo wengiMisupu usibanie kwa sababu mashaka ni mbaguzi hata rafiki yake wa karibu Kanumba ananyimwa uhondo??
Kijana mashaka, kazi nzuri, hawa wanasiasa wetu hawafai waachane na NSSF.Zitto Kabwe hata mimi simuamini tena, naye kashanunuliwa Nyie mliosoma nje wenye elimu nzuri, badala ya kubaki marekani njooni basi hapa nyumbani. Mashaka wewe unaishi Masaki, jimbo la kinondoni, basi njoo ugombee ubunge jimbo la kindondoni. Vijana tutakupitsha bila kupingwa. Sisi ndio wapiga kura, siyo wana sisi-emu (CCM). Wakikataa basi tutakupitisha kupitia CCJ
ReplyDeleteJohn Mashaka, mimi kwamza sitoweza kuchangia mada zako, kwani wewe hata mtu aandike nini kizuri, haujishugulishi kukomenti au kutoa maoni yako. Hii ina maana kwamba unatudharau sisi ambao tunakuwa wagomvi katika mada zako. Au wewe unajiona huko juu sana kiasi kwamba hauwezi kujadiliana na watu kama sisi. Kama huko juu basi nenda ukaishi na sofia simba
ReplyDeleteMimi zitto Kabwe nilimshabikia sana alipochukua ubunge. Alikuwa kijana shupavu tena jasiri, lakini siku zinavyokwenda ni kama vile alikuwa anajilimia shamba, siku hizi kapata vijisenti kanyamaza kimya, nadhani Barrick gold na CCM wamefanya kazi zao.
ReplyDeleteNdo maana siku hizi zile mwembwe zimekwisha, mara mtashangaa jamaa anatangaza kurdi CCM kwani hela za kumnyamazisha siyo kidogo. Mashaka pia sasa hivi CCM itamuingiza mfukoni pamoja na usomi na upeo wake utakuwa ni wa kuropokea CCM. Bado Peter Nalitolea Msomi wa Muzumbe na US-bloggeer
To the author, I am always fascinated with your unusual way of thinking. You have very glossy means of presenting your ideas to the right audience. Some times what you write seems to good to be true, and that makes me skeptical whether you are the true author of your articles. However, your assessment is mostly applicable in the US and Europe. Tanzania is not in the level or scale of your thinking, tone down your rhetoric, because even though you have convincing power and very valid arguments, it is unfortunate that you are pushing wrong agendas to wrong people. People like Zitto Kabwe are double dealers; they are trying to get what they can from Mining companies and at the same time trying to secure their votes with electorates by throwing any idea into the public. I second your article, it is well written and well researched, hope those in power do read them
ReplyDeleteBARAZA KUU LA MAWAZIRI LA 2015
ReplyDelete1. Rais, Mtume John Mashaka
2. Makamu January Makamba John Pombe Magufuli
3. Waziri Mkuu Hildebrand. Shayo
4. Waziri wa Kilimo Ridhiwani Kikwete
5. Habari na Nyuzz, Ankal Muhidini Michuzi
6. Starehe na kupokea wageni EAPOTI Kinje Ngombale Mwiru
7. Umbea, mashauzi na Mipasho, Mange Kimambi
8. Filamu na Mila Stevini Kanumba
9. Uchumi na Katiba Mzee wa Vijisenti
10. Waziri wa Totozzz, Kelvin Twissa
11. Vikapu na Basketiboli D-League, Hasheem Thabeet
12. Muziki na Tamaduni Lady Jaydee
13. Waziri wa Fedha Rostamu Azizi/ Mdau John (UK)
14. Utawala Bora US-blogger
15. Mambo ya Ndani, Mzee Mwanakijiji
16. Maadili Nyani Ngabu
17. Kurekebisha Tabia Eric Shigongo
18. Watoto na Jinsia, Lyatonga A Mrema
19. IGP Eletroniki, Suleimani Kova
20. Mkuu TAKUKURU Jerry Muro
Rais mtume mashaka, wee na michuzi nadhani mnakula saai moja, ugali na Sato za siti gadeni zinanukia na atiko kama hii, dah, kazi kwe, kwe
ReplyDeleteJohn Mashaka aspiration for political office is getting louder and louder by taking on sensitive subjects. I agree with you, but will tell you plainly that cynicism in our government is outright. Look at our retires from the East African community, trying to fight for their rights for a long time, yet nobody is listening. Should the government invest their retirement in the right place, they could not be suffering as they are right now. And nobody seems to care, as mafisadi did away with all their money. Even if you suggest traditional ways, all is going to projects of wakubwa and nothing will be available for the workers. Sad cases indeed in this country of Danganyika
ReplyDeleteCCM ni chama kilicho ishiwa na sera. Baada ya kulemewa na upinzani CHADEMA na CCJ, imeamua kutumia mbwembwe za vijana kama Mashaka Shayo, January ambao ndio wanaosadikika kuwa vingiozi wa hapo mbeleni ili kuirubuni umma na kupoteza mbio za wapinzani wake kama CCJ. Nina wahakikishia, kwamba CCJ itatingisha hii nchi muda siyo mrefu na watu kama Mashaka watapotea gizani. Hela zote zilizotumiwa na serikali kuwapeleka hawa watoto kusoma ni nyingi sana, na wala sioni faida yake wanapojiingiza kwenye siasa na kuwakosoa viongozi wetu hadharani. Tetesi ni kwamba Mashaka anaenda kugombea Ukonga, na Shayo Kinondoni Janaury naye huko Tanga. Bwana tumechoka na CCM
ReplyDeletewhile mashaka has very valid point on his gloomy assessment, The program is unsustainable. It cannot pay future benefits without drowning our children and grandchildren in debt and taxes. Pension Fund in Tanzania will begin running a deficit by 2016, just six years from now. In theory, the Pension fund trust fund will pay benefits until 2037, which should serve as cold comfort to today's 31-year-olds. But that figure is misleading because the trust fund contains no actual assets. The government bonds it holds are simply a form of IOU, a measure of how much money the government owes the system. It says nothing about where the government will get the money to pay back those IOUs. Even if politicians can find a way to redeem the bonds, Overall, the amount the system has promised beyond what it can actually pay now totals Tsh. 17.5 trillion. Yes, that's trillion with a T. Equally important, workers still have no ownership of their benefits. This means that workers are left totally dependent on the goodwill of politicians to determine what they will receive in retirement. Low- and middle-income workers are still unable to accumulate a nest egg of real, inheritable wealth. And younger workers still receive a dismal rate of return on their money. Yes. Mr. Mashaka, you are a visionary, I second other wadau that you deserve to be the future leader of Tanzania, because your scope and vision Are superb!
ReplyDeleteNABII NI MTU MMOJA ANAYEJALI SANA TANZANIA, NDIO MAANA YEYE NA MKUU WA KAYA WANAKULA SAHANI MOJA. HAWA WATU NI MAKINI MNO, NA MKITAKA KUJUA SIRI YA NABII YOHNA NI KWENDA PALE KWENYE CHUO CHETU KIKUU KITUKUFU CHA UNIVESITI CHA MUZUMBE YA KULE MOLOGOLO. AMBAKO NABII YOHNA MASHAKA, ANKAL MICHUZI, JK, WEMA SEPETU, STIVINI KANUMBA, WAMEKULA BUKU. WAKATI TUNAGRAJUETI HAWA JAMAA WALIKUWA MSTARI WA MBELE NDIO MAANA MNAMUONA ANKAL ANATESA SANA NA KUHABARISHA TANZANIA, NABII YOHANA MASHAKA NAYE ANATOA MADA NZITO KUTOKA WOSTRITI YA MAREKANI. STIVINI KANUMBA NAYE ANAKULA TU STERINGI WA SINEMA YA BOLYWOOD. MLIMBWENDE JINIASI WEMA SEPETU ANATESA KWENYE ANGA ZA UREMBO NA BILA KUMSAHAU MKUU WA KAYA DAKITARI JK AMBAYE NDIYE JINIASI NAMBA WANI WA TANZANIA. MIIMI PETER NALITOLELA CHETI CHANGU WATU WANAIGOPA ETI, KWANI NILIKUWA WA KWANZA KUGRAJUETI ALAFU NABII AKAWA WA PILI KWENYE HIYO LAINI NDIO MAANA UCHUMI UNAPANDA UNAFIKIRI HATUNA AKILI NZULI VILEWANAOBISHA UMAHIRA WA WANAMUZUMBE SASA NA WASEME ZAO
ReplyDelete• VIJANA 20 BILLIONEAS WA KITANZANIA
ReplyDelete1. DR. US BLOGGER TRILLIONI 50
2. HASHEEM THABEET BILLIONI 7
3. LADY JAYDEE BILLIONI 7
4. STIVINI KANUMBA BILLIONI 4
5. Chidi benzi 4 bILLION
6. DIAMOND BILLION 4
7. PROFESA JAY BILLIONI 3.5
8. MARLOW BILLIONI 3.4
9. KINJE BILLIONI 3.3
10. WEMA SEPETU BILLIONI 3.3
11. CHIDI BENZI BILLIONI 3.2
12. ISSA MISUPU BILLIONI 3.0
13. MWAMVITA MAKAMBA BILLIONI 2.9
14. MANGE KIMAMBI BILLIONI 2.8
15. DINA MARIOS BILLIONI 2.7
16. MILLEN MAGESE BILLIONI 2.5
17. ERIC SHIGONGO BILLIONI 2.4
18. MATONYA |Afande sele MILLIONI 300
19. NAAKYA SUMARI MILLIONI 17
20. JACK PEMBA -----KAFULIA
**********************
WEE JONI MASHAKA UTAENDA JEHANAMU USIPOKUBALIANA NA MIMI NA KUPATA KILEO KIDOGO. KILI AU TASKER INATIBU SANA UGONJWA WA UTI WA MGONGO NA UNAPOKUBYWA MAWAZO YA MALIPO YA UZEENI HAYAKULETEI PRESHA
ReplyDeleteANGALIA USIPOTEZE NETIWEKI
mashaka unaporudi kutoka tanzania uniletee mihogo ya kukaanga na chipsi vumbi
ReplyDeleteSiku zote mie nimekuwa nikimpinga John Samweli Mashaka lakini leo namuunga mkono.
ReplyDeleteZitto hana mpango bwana kama kweli kasema, maneno kama hayo. Sasa kasomea mambo ya madini kwa hiyo mambo ya fedha asijifanye anayajua zaidi.
Article well thought and brilliantly presented. Great ideas.
ReplyDeleteMr.Mashaka,Your debate is debatable,its very good and have come at rigth time,lakini ili maoni na mapendekezo yako yawe na tija,manufaa kwa watanzani,ningependekeza next time ufanye yafuatayo
ReplyDelete1.Kwanza kaka lugha unayotumia is too bombastic,-jaribu ku-digest at least hata mi2 ambaye nimesoma shule za kata not academ nielewe,otherwise ujumbe hautowafikie wadau vizuri
2.Elimu ya Capita Market (Stock Exchange) ni finyu sana kwa watanzani walio wengi,walio wengi hata ukiwauliza DSE hawajui inafanya nini na ina faida gani.Kwa hiyo ukipata muda jaribu kuandika kiji-article kidogo kuelimisha watanzania wajue kuhusu CAPITAL MARKET,sio kitu cha ajabu kuona mtu hajui hata maana ya share/hisa,kwani hata mimi nimejua juzi tu,japo sijasomea mambo hayo.Nilikuwa naona kwenye TV au kusikia TBL ,TCC,etc wanauza share,
Mchango wangu
Naungana na wewe kwamba serikali yetu pamoja na NSSF wanataka kutuingiza kwenye matatizo,kwani mfumo uwezekezaji kwa TZ katika masoko ya mitaji bado hauko clear kama nchi zilizoendelea,kuna maswali ya kujiuilza,Je kama mafao yangu yamewekezwa katika soko la mitaji/hisa,na pindi uuzaji wa hisa hizo ukaleta hasara ,na umri wangu wa kusitaafu umefika ,nitapataje mafao yangu?
-Mashaka thanks this debate,see my comments and work on them
Ubovu wetu watanzania ni kwamba, mtu anapokuwa na mawazo chanya, tutamuita kila jina chini ya kitabu. Huyu mtoto nimekuwa nikifuatilia mijadala yake, nakiri kwamba ana kipaji maalum kwa sababu anayoyaandika mara nyingi yanagusa watu sana kutokana na undani wake. Ila tatizo linakuja pale waosha vinywa au watu ambao hawawaamini kwamba mwingine anaweza mwanzao akawashinda katika fani Fulani. John Mashaka anakipaji cha aina yake, na ninampongeza katika juhudi za za kuielemisha jamii ya kitanzania. Mashaka kama aunasoma maoni ya wadau, basi nakuomba usikate tama kutokana na wivu wa wachache ambao ndio wanajirudia rudia. Tulio wengi tunakusapoti asilimia mia. Hongera sana bwana mdogo, usikate tama. Hongeza bidii
ReplyDeleteJohn Mashaka I am not your support, but here I must give you thumbs up MR. PRESIDENT. This is a good
good stuff saint jonh mashaka.
ReplyDeleteI think we need more people to remind our politicians that, they should keep their noses away from people’s retirement funds.in EU this is one of the most feared agency, politicians knows that there is no politics on pension fund, as most of the retires makes the largest bloc of voters. Again good stuff. You deserve to be a president of Tanzania in 2015, you have shown way too much maturity I’ll be your chief of staff in your downing street of 2015.YES MANY GENIUS ARE NEEDED IN TANZANIA TO COUNTER the corruption so rampant in all sectors. Good job jon. By the way, where is Dr. Shayo Hildebrand.
ReplyDeleteNajua waosha vinywa wataniita mjinga, lakini watajiju. Hivi john mashaka ni wazili wa nini?
ReplyDeleteI AM ONCE AGAIN SUGGESTING FOR ONE THING MASHAKA. WHAT YOU POST HERE IS NOT A TOPIC TO DEBATE, BUT RATHER IT IS A TOPIC TO DISCUSS. DEBATE, BY IT'S LOOK HAS TWO DIVERGING SIDES/VIEWS. YOURS DOES NOT INDICATE THAT. BUT IT'S OPEN TO MULTIPLE DIRECTIONS. A DEBATE USUALLY, HAS AN ASSERTION WHICH REQUIRES SUPPORTERS AS WELL AS THOSE ARGUING AGAINST THE MOTION.
ReplyDeleteMASHAKA NA DR. SHAYO, MLISOMA SHULE GANI? YOUR WRITING IS UNNATURAL. MNAANDIKA KAMA MKO MAHAKAMANI? YOUR IDEAS ARE OK. BUT THEY FLOW BOOKISH! MNANIKUMBUSHA HOTUBA ZA RAIS B.MKAPA. HATA AKIONGEA NA WANANCHI, ALIONGEA KAMA ANASOMA MAANDISHI. MNAKOSA MUKTADHA (CONTEXT).
It is really sickening to see that every disaster inflicted by evil spirits to our people is turned into a campaign trail for future elections. And we know that evil spirits are abounding in any State whether there is good leadership or not. Who says that life is simple and easy and that the Homo sapiens are the most peaceful creatures on Earth? Those who think they have easy solutions to all our problems are indeed devoid of solutions, they are the ones who have no solutions at all. And those who raise banners to praise them are dead blind of reality. Zitto Kabwe is not material for presidency of United Republic of Tanzania. As Theodore Roosevelt once said, he is just one of "the men with the muck-rakes" and I add men with no real solutions but just blames and blah blah. Men who feel that the ruling party is nothing but muck without seeing the reality of the hard work and the caution to maintain peace taking each problem carefully to its elimination! Mashaka come up with the alternative, instead of preaching to us Wall-Street Theories which is now putting the world at a crossroads. I am longing to see you with your aspirations in july elections
ReplyDeleteChadema Patron
ReplyDeleteJohn I can't and will never trust you because ur part of the group that’s crewed up the world economy. Now you are faulting our secretary Hon: Kabwe for suggesting for the investment of Pension fund into London Stock Exchange? Do you want the fund to be traded at Wall-Street so you can get to be a broaker with 10% commission? Brilliant people like you have the tendency to shoot very good ideas but comes short of providing good and practical ideas
mashaka I really respect you, I know and honor your level of integrity and the way you think for the country. Infarct there is nobody at this point in Tanzania of your age who can claim being visionary than you. The only problem is you are trying to model Tanzania like the US while you are thousands of miles away in new- York . Keep CHADEMA and Zitto out of your political aspiration. Zitto learnt on his own how to play the system, if you are trying to bring us OBAMA and Raila Odinga politics, you are not going to get a single VOTE. Lets wait 2015 and see you in CCM and Zitto in ChADEMA who is going to pull it off
If you really love Tanzania come we work togather . Am sure you being in the tilling CCM you can contain the loud mouthed Zitto Kabwe who thinks he is the national MP. Mr mashaka ujambazi can never stop in Tanzania while the youth in higher learning school can't get jobs. The culture of deals in Tz is very deep and people lime you with book theories toaught by mzungumzaji can't change it. Inahitaji watu ngangari sana
Kuna watu hapa sasa inabidi wapewe special threads na ziwe kama picha ndefu za kihindi au kilatino zilizopachikwa kimfululizo (series): sasa tuko hapa
ReplyDeleteHasheem Thabit series XXII. JOhn Mashaka series XXI. Vekesheni Mkuu wa nanii series XX. Rhemtullah series IX
CCM shina la reading series VIII. Zain series VII. Flavian Matata series Coming back soon. Richard BBA- series- OS .
Baadaye series za matukio zitafuata zikiongozwa na EPA-UFISADI
Kanumba is get Oscar , nexti day Propheti John Mashaka is get the NoBEL piece PRIZE in Stockholm Sweden
ReplyDeletemungu ibariki Tanzania
DR. US BLOGGER)
ReplyDeleteWakuu, hili ni changa la macho tukama kawaida ya nabii. Hakuna kitu hapa mnadanganywa kama kawaida. Mashaka bila NSSF kwenda kwenye masoko ya kifedha hakuna kingine tena, lazima NSSF ifanye biashara kwenye DSE
January Makamba, John Mashaka na Dr. Shayo ni CCM Projects waliopelekwa kusoma na hela zetu za kodi matokeo yake wanarudishwa taratibu na kuuzwa kwenye mitandao ili ionekane kwamba ni vijana mahiri sana
Wanauzwa ili waonekane ni wakombozi wa tanzania kumbe mafisadi chipukizi tu. Hawa wote hawana jipya kwa Tanzania isipokuwa kuendeleza sera mbocu za CCM. CCJ pia inawasomi wanaosubiri muda tu, au vipi mzee mwanakijiji?
Watoto wa mafisadi watazidi kuwa mafisadi, na kuzidi kuendeleza ufisadi na sera potofu. Hii kasumba lazima tuikomeshe, tunataka watoto wa wakulima bwana
Baad ya kulemewa na upinzani mkali, CCM imeanzisha mbinu mpya ya kuwarubuni watanznaia kuwatumia hawa vijana hasa nabii Yohanna Mashaka ambaye ndiye kiongozi wa hawa mafisadi watoto.
Basi mimi na kundi langu la wasomi, Jseph ikalimba ambao ndio watoto wa wakulima hasa, inabidi tujipange kemkem kuja kupambana nao hao jamaa wenu.
Nimemaliza pHD Oxford, na rekodi yangu haijawahi kuvunjwa. Kwa sababu mimi ndio mmoja wa wachumi wenye hela zaidi duniani. Mshaghara wangu ni $5million kwa mwaka kwa hiyo uwezo wa kutumia rasilimali zangu kujitangaza dhidi ya hawa jamaa ninao.
Siwezi kuhacha nchi ya Tanznaia kuuziwa wamarekani na John Mashaka na Janaury Makamba ambao wanatumiwa na CCM ili kubaki madarakani kwa miaka 100.
Natoa zawadi ya Tsh. 10,000,000,000 kwa hao jamaa wawili ili kushiriki katika Mdahalo. nitalipa live Broadcast toka TBC na vituo vingine ili tuone ni vipi wataisaidia Tanzania
Dr. US Blogger
Alumni Oxford university
Economics Department
mashaka juu, juu, juu juu zaidi
ReplyDeleteKidumu Chama Cha mashaka Kidumu
zidumuu fikra za mwenyekiti Mashaka zidumu
Zidumu Fikra za Makamu Wa Rais Dr. Shayo Zidumu
Tawi La CCM Reading (UK)
the problem we face not only in Tanzania but also the rest of africa is:basing our focus on the out comes and not on the causes. consequently dwelling on on the same culture of being myopic and stagnat when comes to the question of developing long term solutions!
ReplyDeletewe are making noise here that the mwananchi should redeem himself through ballot,but what have you done to reach out to that mwananchi and tell him that is supposed to? i sometimes wish i could post my multimillion ideas i have in my brain facult but i end up quiting the idea because it sounds hopeless to me doing as every body does!iknow everybody has a task and is never the one they would have chosen. henceforth mr mashaka i would suggest one thing,if you are really determined to educate the mwananchi you need change your aproach and opt to the outreach one physicaly. otherwise you will meet me and the same people who read your message here yet unable to change nothing because we are limited in time and space
I am must agree that Saint John Mashaka, is always good at raising controversial issues many of us are scared of touching. the discussion on social welfare and ageing is picking up and it is moving deep to informal from informal sector and unavailing gender consideration aspects. As a moderator I will like to pick key messages for informing policy but am afraid most of the discussions are in a vicious cycle of sharing experiences and importance of inclusion certain group or sector without linking to the national policy on ageing. I encourage members to go further breaking the vicious cycle by providing policy recommendation statements and how to implement it. Policy makers are convinced if they are provided with scenarios of policy recommendation.Having saying that there are really good points raised regarding inclusion of informal sector in pension schemes. The contribution of this sector to employment is nearly 75% of the active population. Most of their activities are outside the tax system and tend to be mobile including some of their assets. How can they be administered for a sustainable social security scheme? What policy prescription can be written to policy makers? can someone provide a best practice from elsewhere?
ReplyDeleteI also found a point about gender consideration where a pension scheme for women was suggested. This is real an interesting point due to the contribution of the women in economic development. About 60% of agriculture labors are women and they perform 90% of all farm works yet majorities are poor. When they reach at old age they become even more vulnerable and insecure. Now how can pension scheme be designed to capture these hard working women? What policy prescription can be advanced to policy makers? Is there any best practice from elsewhere?I have also noted the discussion do not feature in strategic interventions in pension industry. Previously I asked your opinion regarding the recommendation given to the government from IFM to establish a regulatory board to oversee operations of pension schemes in the country. I have some policy provoking questions that I would like your opinions and possibly policy prescriptions. According to Integrated Labor Survey Report 66% of urban population work in informal sector and 84% of rural population primary activities are in informal sector. Despite there is small segment of population working in the formal sector, why there are many pension schemes? And how do this pension institutions manage to survive and invest? It should be known that pension schemes take percentage of their member’s salary. This means some percentage of the money circulation within the economy is retained. And if re-invested it results into delay payments to beneficiaries until investment yield profit. The question is how should this pension schemes be regulated to avoid interference with money circulation and delayed payments to beneficiaries?
I will appreciate if I will be able to receive examples in other countries indicating the number of pension schemes operating in comparison to economic indicators such as number of people employed in formal sector, rate of economic growth, employement by sector, etc (as you see relevant). This is important for recommending issues that can be regulated by the pension scheme board envisaged to be established. This will help us to make strategic recommendations to the pension scheme industry in the country.
Unfortunately in Tanzania most of the pension funds schemes are tailored to cut for people who work in the formal sector just like many health insurances companies.
ReplyDeleteAmong the reasons argued are that the informal sector industry is not well developed, are unreliable and there are no good systems in place ensure timely informal sector contributions to the social welfare scheme. I think that the informal sector has grown and contribute a huge amount of the GDP as well as individual household’s income compared to the formal sector.
Therefore what is actually needed is to put in place social welfare schemes which are linked to the private or informal sector just like PPF (Parastatal’s Pensions Funds) or National social security funds (NSSF).Another way is to ask individual people who are willing to join and contribute to the social welfare schemes as their future’s saving. I believe it can be done as it is with the mushrooming of SACCOS where as people through their informal contributions are able to establish the savings of the community groups .What is needed is creativity, educating the community and pilot of the scheme prior scaling up.
Mashaka, sisi hapa tunapiga kelele kuhusu mikataba mibovu ya haya madini unayoyaongelea hapa bila mafanikio. Madini hatufaidiki na lolote kwa sasa, we can only benefit kama tukiwa na mikataba fair. Na hili ni swala la viongozi wetu, has got nothing to do with economic meltdown. Hata kama Gold ingepanda sana..hatuwezi faidika kwa sababu tuna mikataba inayotuweka kitanzi!
ReplyDeleteSasa mkuu hapa unaongea theories kibao...baada ya kuongea ni namna gani tunaweza kuwawajibisha hawa wanaosaini hii mikataba mibovu. Unaamini kweli tunaweza kufaidika na madini ambayo faida inaishia kwa hao wazungu huko mlipo? na hii mikataba ni long term. Upo hapo?
Mashaka, I always respect your ideas. Lakini ningekuomba, ukiwa unafanya analysis ya nchi yetu uwe unakuwa more practical. Tanzania is no Germany or United States buddy!
Honestly, watanzania kama nyinyi ambao mnaamini kwamba nchi yetu inaweza kuendelea kwa theories kama mnazotoa..mna tu-let down. Big time!
We need more practical thinking namna ya kuyakabili matatizo yetu. Hata hapo ulipo..kuna watu walisacrifice na kufanya maamuzi magumu sana. Sasa sisi tunataka kila kitu tupewe kwenye sahani.
Again, nakuomba, uwe unatoa practical ideas. Watanzania hatuhitaji tena theories. Tunahitaji matendo. Wewe ni msomi kwa hiyo nategemea next time, utakuja na njia mbadala..tunavyoweza kuwawajibisha hawa wanaotuibia. Mfano utwambie..mikataba ikiwa mibovu..au watu wamesaini kwa maslahi binafsi..kipi kinaweza kufanyika..kuifuta mikataba kama hiyo..unatupa experience yako huko....
Acha hizi theories zake za wall-street. Huza hisi ukifulia njoo BONGO uuombe kazi bwana..zinabore mkuu!
Masanja,
I am made to understand that the ministry responsible for social security conducted a survey on the informal sector; mainly to find ways of incorporating them to our social security system. As we are all aware; the coverage of social security currently is limited to formal sector,and the existing policy is advocating for an extension of these services to the informal sector.
ReplyDeleteThe current social security regulatory act; has opened up the "market" where by the private sector can now come in; and theoretically this means we can expect competitive services to members in this sector.
Health is costly and the biggest challenge to the senior citizens much as there are known/unknown arrangement that they are entitled to "free" medical services to Govt health outlets. In these outlets;many if not everything is out of stockh, which means the "free" service to the elderly remains in "campaigns". I guess the NHIF pilot? for the elderly/retired members to continue getting services can be a good point
The intergenerational solidarity ; to me can only be a talking point once we have comprehensive social security services with a relatively high percentage of population beyond the current 10-15%? of the working people
Nabii-Tito)
ReplyDeleteDear mashaka,
Most of you/here people don`t know english thus you are supporting mashaka without knowing your english is poor and don`t even know what mashaka is lying for. first of all he calls tanzania she instead of he, second NSSF has no value to?. I am very educated with degree here at Muzumbe university Murogoro majoring economy and business administration but have never heard tanzania called she ask any body here in Murogoro, Dar and Tanga those who know me better will tell you Mashaka I am good in every aspect. Tanzania need more investors because we are all pick pockets we can not handle big investments therefore let investors come from all over around the global to rescue us, stop being distruction. we are happy with kikwete we are happy with ccm. you think you will become our president with those cheap notes you put them here in our family Glob? the witch doctor you are seeing in newyork is just spending your money you will never become my president, I will be the first to vote for Michuzi instead of you, just because you use American English that doesn`t qualify you for president job you can go to Zimbabwe or Uganda and live our poor country alone, I have watched you comments on our country in negative ways all the time you never come up with positive or solution ideas always complaining, and exchange comments with US blog, I don`t like that now I have decided to tell you openly and if you know anything come up openly and DEBATE ME, I am a PEOPLE LIKE YOU LETS HAVE A GENUINE DEBATE ABOUT MATTERS OF BUSENESS ECONOMY AND ENGLISH. Michuzi I thank you for being fair and listen to all people from overseas to us here in our poor nation, mashaka has a lot to talk about his nation amarica and call it SHE if he wants ours Tanzania is HE. Lets invetors come and dig all Dimonds gold and oils as long as they employ us and give us money I don`t see why we should keep them underneth the earth, This is butter trade they take commodity we get money simple economics!!
the problem is, this blog of Umma is not for the intellectuals. It only takes five articles to be published here and people will ask you to be their future President.
ReplyDeleteHere, people just love their beers, women, gossips, wedding parties, clubbing and dissing Tanzanians who are living or working abroad. And of course, it is a site best loved by the government to print their propaganda.
I like visiting this site to be in touch with my beloved Tanzania but I have long given up on ever educating or sharing my views with my countrymen here because most of us are just not intellectually challenged. Some are even honest with you and want you to change your subject because they are bored with it. It is difficult to be interested on subjects you are not aware of or educated in.
There is a lot of hatred, jelousy, racism and down right stupidity going on here. I suppose it reflects our society as a whole since every Tom, Dick and Harry has access to an internet cafe now and wants his/her opinion heard.
How do you debate in such an environment? Just browse over the previous intellectual debates on the site and read the opinions, you will see my point very clearly. Don't waste your time, but do come and be entertained here, its a lot of fun and takes the stress of work out of the system. BUT if you are looking for a debating site, you are in the wrong site bro.
Comment za Mashaka ni nzuri na zina-make sense. Lakini inabidi tujiulize tatizo ni nini? Tatizo kubwa la watanzania ni elimu. Aslimia kubwa ya watanzania hawana elimu ya kutosha au yenye quality kwani watu wanamaliza o'level hata english ambayo ni international language hawajui. Wanasiasa wetu wamehakikisha hatupati elimu ya maana ili waendelee kututawala na kufanya wanavyotaka. Wanahakikisha watoto wao wanapata elimu bora ili baadae waje wachukue nafasi zao. Wakati wa uchaguzi ukifika tunapewa 'bakshish' na kwa sababu elimu yetu duni tunawachagua tena!!Hii system ya elimu ambayo uanzi kusoma english mpaka darasa la tatu mpaka leo ipo na haijabadilishwa ndio maana tunaogopa East Africa community kwa sababu wezentu wakenya wapo juu kielimu kutushinda sisi. Kazi kuwalaumu wanasiasa ambao wengi wao tumewachagua wenyewe wakati uwezo wa kuwaondoa tunao!!! Jamani tuamke na tufanye mabadiliko baadhi ya wanasiasa wapo hata kabla hatujazaliwa!! Siasa sio kazi ni utumishi kwa jamii wao wanaona ni haki yao kutawala na kufanya wanavyotaka!! Jamani tufanyeni mabadiliko!!!
ReplyDeleteHUYU MTOTO MASHAKA FALA SANA,YEYE NANI MPAKA AONGELEE UCHUMI WA TANZANIA,AENDE KWAO MALAWA KWANZA AKAMALIZE MATATIZO YAO,THEN ANAONGELEA JAMBO THEN ANA RESPOND MWENYEWE,FALA KWELI.HAYA NA WAUMINI WAKE, WAFUASI WAKE WASIO NA AKILI KILA KONA WAMO, DHUUUU, KAZI IPO. NITAENDA ENGLISH KOZI BRITISH COUNSIL NIRUDI NIANDIKE ARTILE YENYE KIINGEREZA KIGUMU NIITWA NABII, NA RAIS 2015
ReplyDeletewatu wenye akili hapa tanzania ni, Dr. Us-blogger, riziwani, Joseph Ikalimba na Steve Kanumba. Hawa ndo watu walio juu. Inabidi wapewe nchi 2015 siyo kundi la mashaka ambao ni watu masikini, watakuja kuiibia Tanzania
ReplyDeleteMashaka na wafuasi wake wote, January, Dr. Shayo, na wengine wote hawana akili yoyote kazi zao ni kukariri tu. Wamesomea elimu ya watu wazima
Dr. US blogger ni watu wajuu, kwani wazazi wao wanaongoza nchi, wakati mashaka na kundi lake ni watoto wa masikini, yaani watu wa bushi watoto wa wakulima.
Wamesomea elimu ya watu wazima wakati sisi tumesoma international schools, na baadae EXFORD university. mashaka kasomea muzumbe tu, ndo maana hana akili kama Peter Nalitolea
The same Rhetoric without substance, Mashaka there you go again American puppet. US-Blogger wants you to have a Radio DEBATE; this boy does not know anything but copy and paste. This article featured in TIMES-MAGAZINE. I requested him to debate me, he refused and now emerging with some piece of crap which have no substance or anything new. I see his supporters in full gear praising some American puppet.Tanzanian’s you must wake up and see what is ahead of you instead of being blind flowing Mashaka so irresponsibly.
ReplyDeleteYou must be people of low IQ’s not to see there is nothing new here. I can write ten times better and high quality material than this. Bring him on and you will see how I will crush him in debateMashaka is not a Samaritan he is just an opportunist like any other politician, and being an Investment Banker does not make him a god.
They are the people who broke the world economics and you are now praising im????????????????????????????
People, use your brains, don’t give this guy votes because he is not qualified let him remain in the Wall-Street crap he think he isMashaka are you still dodging me, do you want to debate or not?
I am always going to say, that John Mashaka, you are a rose in the wilderness! You are at a wrong place trying to push the right ideas! Many a times, I have read your analysis, commentary and opinions I know deep inside you it is clear that Tanzania is not the agenda on this blog! This is a blog for haters and those who want to pass time or have all the time in the world to do nothing productive hence the failure to have anything productive to give or contribute!
ReplyDeleteThe article above is well written but i get the feeling that it is being drummed in dead ears! You and me and all know what the contributers would love to see and read on this blog…..fabrications and falsity! who is doing what and why, who is screwing who and who is not succeeding in life, who is HIV and how happy we are about that, all ‘pieces’ of vapour and nothingness!
I will not be surprised with the negative reception or silence given to your article. If you manage to get 30 comments then your are lucky but look at the number of comments on the stupid and useless photos posted, read the wishes of those who comment! It is pathetic and disheartening but that is part of Tanzania, there is you and them!
I cant find a conclusion! May be am too upset may be there is none or both
kwanza asante sana ankal kwa kutupa nafasi hii nzuri kujadili maswala muhimu. naomba nikosoe wachangiaji kadhaa humu hasa nikianza na
ReplyDelete@ anony Tue May 18, 05:49:00 PM
sidhani kwamba mashaka john analipwa $5.75 kwa saa, kwa sababu gani, mwaka 2008 nikiwa naongea narafiki yangu mmoja hapa marekani ambaye alikuwa akifanya kazi kwenye kampuni inayotwa Goldman Sachs. Huyu kijana ana umri wa miaka 29 na alikuwa analipwa USD 350,000 kwa mwaka nje ya marupurupu. Kwa maana hiyo namaanisha ya kwamba Investment Bankers ndio watu wanaolipwa sana zaidi ya profeshonal players. Mishaara ya hawa jamaa inaanzia USD $250,000 hadi USD $475,000 pia inategemea cheo chako.Kwa hiyo wanapoongezea bonus, inaweza kuwa hata mara mbili au mara tatu ya mshaara wa mtu, ila kodi wanayolipa ni kubwa sana kulinganisha na mtu wa kawaida, kuna baadhi yao hao vijana wadogo wanaoopoa mamilioni. ukiangalia NY, wanaoendesha magari mazuri sana ni hao bankers. Wanakatwa kodi ya mapato 37% na Bonues 45% ila hiyo hela bado ni nyingi sana. Mabenki makubwa kama GoldMan Sach, JP Morgan, Bank of America, Wachovia na CITI wanatoa mishaara mikubwa sana. Hawa jamaa hela zao siyo kwamba wanaziokota, hapana wanafanya kazi kweli. Kwa wastani wanafanya kazi masaaa karibia 13 kwa siku. Hawakai nyumbani, mara nyingi ni watu wanaozunguka ndani na nje ya nchi na hata hizo hela nyingi wanazolipwa hawaoni faida zake kwa maana ni watu ambao wako kwenye stress muda wote na ni walevi mno kutokana na kazi hasa kushugulika na dili kubwa zenye thamani ya mamimillioni, ila kama unataka kula hela zake. Kwa maana hiyo sioni shida mashaka kwenda tanzania kila mara, mfuko unamruhusu. Hata kama hana Range-rover Vogue, sidhani kwamba anashindwa, nadhani hataki tu. Swla la ranchi la billioni hilo silijui na sidhani anaweza kushindwa au ni hela za wizi, hizo ni hela zake na jasho lake. eniwei, kwa kifupi sidhani analipwa Dola $5.75 kwa saa unless nimednganyika, ila kama ni hio hela, asingeweza hata kwenda na kurudi kwa sababu nauli ni kubwa na maisha ya marekani kwa hela hiyo hauwezi kutunza hata $100 kwa mwezi
Mdau
NEW-YORK, NY
wanawake ni nuksi, yupo demu mmoja ameniambia yeye alimtaka mashaka, jamaa katoa nje sasa kazi yake imebaki kuandika message za uongo na matusi, mimi nakubaliana na Mdau wa Finland kuhusu utafiti wa kisayansi, mwanamke utakufa bure, wewe na wenzako ni wivu, haters, chuki, wazandiki, wafitini na wenye roho chafu.
ReplyDeleteMr. Mashaka ni msomi na mchumi yupo wall street-Mtanzanian peke kule, wewe unabepa mabox , shule hakuna, hoja zenye mantiki huna, sasa unafikiri wewe na mashaka ni sawa. Kafie mbali muache Mashaka mtu wa watu. Hata Jesus alichukiwa lakini alipendwa na wengi, hata Obma, Hata mandela alipata kura asilimia 70% alipogombea hakuna binadamu anaweza kupendwa na wote, hivyo siyo ajabu kwa mashaka, lakini ukweli ni kwamba watu wengi wanamkubali mashaka kwa hoja zake zenye mashiko na mantiki-kiingereza chake kama Obama vile, wewe umekaa ulaya hata kuandika article moja huwezi.
mimi ni mdau wa Sweden, mashaka anijui na wala sijawahi toa comments kumsifia lakini napenda hoja zake. Bwana Mashaka ebu toa article nyingine sisi wadau tufaidi, vipi wall street na uchumi wa dunia vikoje? najua haya mambo anayaweza mashaka haters kazi zao ni box tu.
hii ni topic nzuri sana i wish Mr Mashaka angekuwa anatuma copy,kwenye blog nyingine hili ujumbe huwafikie hao walio serikalini.But cha kushangaza kuna mijitu kwenye hii blog haina akili na sijuhi kama imesoma kwa sababu comment zao zinaonyesha ni jinsi gani akili ni zero.
ReplyDeletejamani mimi nitaanza kumuimbia nabii mashaka taarabuuuuuuuuuuuuuuuuuuuuuuuuu
ReplyDeleteMR DOUBT IS NOT JOKE VERE KONTREVERSIAL
ReplyDeletemashaka nakuonya sana T. I . D
ReplyDeleteatakuloga !!!!!!!!!
Mimi namuonaga RAIS akipigaga picha na ma celeb wetu lakini sijamuona na Rais mtarajiwa ambaye anashusha nondo za kiuchumi kisawasawa. Mr president Hasheem na Mashaka wote ni wawakilishi wakubwa sana wa Tanzania wape haki sawa.
ReplyDeletehey Mashaka! I am impressed by your master piece. You sound very conservative, which I like btw. I work in Investment here in UK, and the truth is... TANZANIA IS NOT READY full stop.
ReplyDeleteAny copyright guidelines on your pieces? I might consider featuring them in my company's website - will get in touch through email
cheers
hebu tuwe serious kidogo. mambo anayozungumzika Mashaka ni muhimu sana kwa wastaafu wa siku zijazo, unless wewe sio pensioner mtarajiwa. Uzoefu (hasa marekani)unaonyesha kwamba wastaafu wengi wamelizwa sana na matapeli waliowadanganya wawekeze kwenye hisa, matokeo yake vibabu/vibibi vimepata hasara kubwa baada ya hizo hisa ku-collapse huko zilizowekezwa
ReplyDeleteNakubaliana na mashaka kwamba ufanyike utafiti wa kutosha na wa muda mrefu kubaini hasara zinazoweza kuwapata wastaafu kama fedha zao zitawekezwa kama securities. Kwa maoni yangu haya maamuzi yanafanywa kwa shinikizo na maslahi ya watu wachache (matapeli) wenye nia ya kujinufaisha binafsi, kama ambavyo tunashuhudia kwenye mfuko wa bima ya afya, ambapo mfanyakazi anakatwa sh. laki moja kwa mwezi lakini akienda hospitali anaambiwa gharama za matibabu haziwezi kuzidi elfu 15.
Pia ikumbukwe kwamba ni juzi juzi waziri wa fedha, mkulo alisema kwamba mifuko ya pensheni haina fedha. sasa katika uncertainty kubwa kiasi hiki ya kifedha kwa nini tujitumbukize kwenye utapeli huo.
TATIZO lililopo ni kwamba serikali inachukulia mifuko ya pension kama kapu la hela zisizokuwa na kazi, kwa hiyo wanaweza kufanyia chochote wanachotaka. Ikumbukwe kwamba HIZI ni hela za wananchi wanaofanya kazi na kuishi katika mazingira magumu sana. Hivyo tunaomba ziheshimiwe
Yaani hii lugha ya kingereza ni shaida sana. Imetuletea watu kama John Mashaka kwenye umaarufu mkubwa usiojulikana hata unatokana na nini kwa sababu ya kuandika tungo ndefu na nyoofu za kiingereza. Mpaka watu wanamuita nabii na jiniasi wa kitanzania. Kama amesoma Hardvard au Duke, hiyo siyo sababu ya mtu kupata umaarufu mkubwa kama John Mashaka. Ali Mazrui amesoma Kenya lakini pia ni maarufu na anatumia Kiswahili. Ila kwa sababu watanznaia wlaio wengi hawaelewi lugha ya mtwana amabayo mashaka ameishika kwa mikono miwili, kwa hiyo lazima tumuone kijana siyo wa kawaida. Kiingereza ndiyo kipimo cha usomi, na pia ndiyo kipimo cha akili ya mwafrika
ReplyDeletemimi john mashaka nimemvulia kofia, ananyanyasa watu kwei na atiko zake, lafu kiujinga watu wanaogopa hata kujibizana naye, inakera wanabaki kuandika ma upupu hasa husu wa muzumbe
ReplyDeleteuLIYESEMA WATZ VIUMBE ADIMU NAKUBALIANA NAWE
ReplyDeleteUWEZO WETU WA KUFIKIRI UMEBAKIA MANENO MATUPU.
WALIO NA DIGRII, HAWAPENDANI, HUANZA KUCHOKONOANA HUYU KAIPATA WAPI NAMI NIMEIPATA WAPI AU YULE KAIPATA LINI MIMI NIMEIPATA LINI ILIMRADI UJINGA UJINGA MTUPU.
WASOMI WETU WENGI HURINGIA SANA SHAHADA (MAKARATASI-VYETI) VITENDO HAKUNA KITU.
MIMI NAANGALIA HATA VIONGOZI WETU WALE WANAOJIITA WASOMI USOMI WAO UMEISADIA NINI TANZANIA (WATANZANIA)KUONDOKANA UMESKINI. WENGI WANATUKUZA MISAADA
NIWAKUMBUSHE KIONGOZI NI DIRA,
SOMENI MWANANCHI LA LEO UKURASA WA KWANZA A.
Mashaka’s glossiness is not something out of ordinary, having the kind of exposure he had I would expect him to have that kind of fluency. The only exception is his ability to arrange points and his savyness to dissect issues. That is the only thing I can call the Mind of a genius. Otherwise any kid given the opportunities mashaka has been exposed to, will do the same. Good job our son and by the way, I do hope you did not go to America at the expense of tax payers? Mungu Ibariki Tanzania
ReplyDeleteI don't think John Mashaka take any notice of strictly Anoy fans and haters who always want to criticise massege boards.
ReplyDeleteThis site are filled with people who detest everythigs. Thay hate John Mashaka for being successiful academic, presumably they know he's gonna be a PRESIDENT in 2015, they hate yule aliyekuwa mwakilishi wetu wa BB for his broken english, they criticise our Nationa Team( Taifa Stars), they hate our Models, Actors/Ecterss, Singers. They hate everything and every other of detail appears on this site.
-Beat me why they visit BLOG YA JAMII?? Ila jon mashaka’s name is going down in history in everything
Mdau NANSIO UKEREWE
KAMA MICHUZI HUWEZI KUIBANA HII.
ReplyDeleteMDAU WA NANSIO, HAKUNA CHA PRESIDENT JOHN MASHAKA MWAKA WOWOTE WALA NINI HAPA! NI MWEPESI SANA HATA KWA KINYANGÁNYIRO CHA UWENYEKITI WA MTAA WA SOKORABORO (GURIO LA NDIZI)LA RORYA.
NA BADO TUNACHUNGUZA KAMA ANAHUSIKA KATIKA KUNAKIRI MAANDIKO YA WASOMI BILA KUSTAKABADHI KAMA YALIYOMPATA MH. MBUNGE FULANI MKATA NGOMA. MASHAKA KIJIJINI KWAO ANAPATA MKUU WA KITONGOJI LAKINI SIYO RAIS. Akipewa rais nazamia ndege YA RAIS MUGABE, AU NAENDA SOMALIA KUWA MIJAHEDEEN
Karibuni katika kongamano la Wanataaluma la TPN muone watu wanavyotema cheche sio upupu.
From the EA
ReplyDeleteA new regulator will be set up to monitor and guide the activities of the social security funds in the country, to make them more responsive to the socio-economic changes taking place there.The government was by the end of last week recruiting staff and drafting regulations to make the Pension Funds Regulatory Authority effective. The regulatory body will be created under the Social Security Regulatory Authority Act, 2008, assented to by President Jakaya Kikwete in June last year. It will help pension funds operate more efficiently and ensure their members are the main beneficiaries of respective schemes. The government expects that the number of employees joining the social security schemes will increase when their operations are regulated by the end of the year.The Minister for Finance and Economic Affairs, Mustafa Mkullo, told The EastAfrican that the government was putting together the required institutions to effect the new law. While Controller and Auditor General Ludovick Utuoh’s annual report released two weeks ago criticised some pension funds for mismanaging public funds, accusations have long been rife that certain social security funds are being influenced by key public figures to sink members’ funds in dubious investments and give large, unsecured loans to politically connected individuals and companies.Analysts see the coming of a regulator as a positive move, as the new law requires that managers and custodians invest pensions according to laid down criteria. The Bank of Tanzania will, in collaboration with the authority, issue the investment guidelines.The central bank, which will have powers to regulate and supervise the schemes’ finances, will also monitor and ensure compliance to the guidelines by the managers and custodians. Also, every scheme must maintain a reserve account into which accumulated revenues not needed to meet short-term costs are to be deposited for investment.The CAG’s report cites a loan of $535,000 granted to GK Hotels & Resorts by LAPF (Local Authorities Pension Fund) in the 2003/04 financial year, whose balance as at June 30, 2008 was $722,000 while the firm’s outstanding rent was $1.127 million. Moreover, LAPF and the National Social Security Fund were among six public authorities censured by the CAG through a “certificate of unqualified opinion with emphasis of matter” in 2007/08.NSSF was taken to task for paying bonuses to staff who registered members of the fund since the staff were only doing their job. Also, some defaulters of investment loans totalling $58.7 million had not complied with the terms and conditions of the loans granted to them.Mr Utuoh said that despite the management’s follow-up efforts, some of the loans were doubtful of recovery, which implies overstatement of the loans portfolio by the impaired balances of $40 million.
Mr. President Bwana mashaka hongera kwa uwezo wa kubeba maswala mazito na nyeti yanayohusiana na jamii yetu, ila hili swala siyo kwamba ni kwa manaufaa ya taifa, hili ni biashara ya wakubwa kwani hela nyingi zinakuwa zimeshatafunwa au zimepangiwa miradi ya wakubwa. Mtu wa kawaida hauwezi kupata mkopo toka Parastal Pension fund wakati wakina Mbowe wanakopa mabillioni hawarudishi na wanapeta tu mitaani
ReplyDeleteJohn mashaka nampendea kitu kimoja, anajua namna ya kuchokoza watu na fikra zao, ndo maana kawa kama mungu kwa michuzi. Akiwekwa utasikia nabii, mtume mteule, yesu messiah, duhhh kazi kwekw
ReplyDeleteSaint John Mashaka, It seems that there is much hesitation on people putting into any pension scheme where there are no guarantees that their funds would be there when they needed them. Participants would need to be contractually guaranteed that all they are working for would be accessible in their later years. And that any other entity--government or otherwise would not be able to use those funds.
ReplyDeleteOn a larger scale therefore the issue is perhaps a lack of trust and assurances being adequate for participants
……..
ReplyDeletesasa mashaka huu ujumbe wako kiingereza kirefu na cha kisomi hivi je watanzania walio wengi ambao hata kiingereza ni taabu utawafikiaje? si watasoma wale wale tu..jamani hebu andika kiswahili bwana kwani kuna tatizo gani na kiswahili?
Mashaka hapa hapati kitu, anayefaidika ni michuzi kwa sababu atiko’s za huyo dogo zinavutia sana watu kwenye blogu na TBL, VODA ndio wanaomlipa ankal kwani wana advataizi kwenye hii blogu
ReplyDeleteMashaka mimi nilikwambiaga kwamba inabidi usafishe jimbo lako kwanza, kule talime watu hata na polisi wanabeba msokoto kwenye gunia kwenda sokoni, sasa wewe mbunge mzima hauwezi kuwakataza hao watu wenu
ReplyDeleteHana usomi wa kumtisha mtu Man!kuna watu najuwa wako kwenye SIDELINES wanaangalia watu wanavyochemsha tu.Mashaka has been watching CNN,listening to VOA and BBC for too long and probably read a lot of Novels during his vacations from school.why don't you top up that lady from Zambia [what's her name again?..ooh Dambisa something].we don't pick presidents from word of mouth[run for it].
ReplyDelete****vibaka mpo wengi hata wol striit. Wall----Street kuna vibaka bank robbers,etc, hata GE ni wadanganyifu!!
ReplyDeletemashaka hapo vipi, nadhani mikono yako safi kwenye swala la Bennie Mardoff
john mashaka ndiye madoff wa tanzania
Mtume nabii yohna, mm mshabiki wako wa kufa mtu,
ReplyDeleteikibidi tuje tarime kwenye lori kupiga kura tutakuja tu.
Pointi nzuri sana
ingawa chiingereza noti richebo lakini nimeelewa mkuu
Jon mashaka vipi diaspora ilifika wapi, kama mambo mswano nitayarishe pasipoti mbili
ReplyDeletewakupe wazii wa diaspora
Nabii Mashaka, inependeza zaidi kama ungeweza kumalizia na hayo maelezo ya hapo chini kuhusiana na boxi kwa kimombo.
ReplyDeleteAidha, hatuna vithibitisho vyovyote kuwa hii makala ni kazi yako ya asili na uliyeiandika ni wewe. Japo kwa watu wenye uelewa wa mambo ya stock markets na masuala ya shares kama sisi, vitu ulivyoviandika ni pumba pumba, yaani, hamna uchambuzi yakinifu uliofanyika, sana sana umeuweka huo upumba pumba katika lugha ya kigeni. Bila kuzingatia hilo haujaweza kuturidhisha kuwa wewe ndie mwandishi wa asili wa hayo makala(Original Author vs. Plagiarism).
gea habibu na dina marios, jamani si tumuimbie mashaka john taarabu kwenye kipindi chetu jamani??
ReplyDeletejamani huyu nkaka yuko dar, jamani anapatikana wapi, mie nataka tubkuzaa naye hata Kama nisipopata hela nyumba na harrier, basi nitapata mtoto mwenye akili
ReplyDeletekama yupo kempinski basi ntaenda huko kumtafuta ikiwa bado hajaoa. Kijana anaandika mambo muhimu kweli jamani mungu atupe nn??
Mashaka mm ni fani wako namba wani; nasoma atiko zako zinazosisimua sana Ila mkuu kule Houston ulikosea sana kwenda. Kwa hadhi na heshima uliyonayo ile siyo staili yako bwana, wazungu wanasema you can do better
ReplyDeleteile tuhachie sisi wabeba boxi, Yule demu hafai. Ww demu gani akitemwa anaanza kumchafua mtu? Anaandika jina lako kwenye mitandao, anakuita kikabu, marafiki zake hadi na mimi tumeambiwa stori za chuki kibao. Mkuu angalia watu watu wa ku asoshieti nao Yule hapana
Mama U-turn naona na wewe uko kwnye listi ya Mabillionea na mawaziri 2015,,,,, hii imekaaje
ReplyDeleteThanks very much my good brother mashaka. The issue you raised and analyzed critically, needs special attention from our law makers whose days to walk into national assembly are numbered. As you have cited an example of Hon. Zitto Kabwe. It appears to me, the kind of rethoric which comes from the cited MP, shows he has been sold to multinational companies which pay for his tution fees in Germany University for short courses while living in luxious hotels. Nevertheless, from the recent poll conducted by REDET and SYCORITEsS company, both show that his approval rate among ordinary Tanzanians has gone down to single digit from the double digit he got when he was kicked off the parliament house. Zitto Kabwe lacks not only political maturity but also the highly needed sharp intellect to a young and well positioned youth leader like him. It is because of this and many other factors including lack of a genuine opposition party in Tz, this will continue to make CCM keeps on enjoying majority support because of unreliable politician like Zitto.
ReplyDeleteFinally, I take this forum, to urge all the people of United Republic of Tanzania don't to mortgage the future of our elders who deserve to retire with dignity and good pensions.
Stop! Stop! Stop! to mortgage the future of our good men and women who have served this country for all the adult life.
Once again Thank you Mr. John Mashaka, you are my hero up coming future leader of Tanzania.
Regards
Mdau Finland
John Mashaka your article is good but is out of touch. There is no any capital Market in the world can grow without institutional Investors, your Idea of saying that Pension funds should not invest in Capital Market is misguided.
ReplyDeleteSecondly, The return of shares in London Stock Exchange is Higher than most of Stock Market in the World, Kwahiyo Pensions funds are safer Investing in companies Listed in LSE than DSE, All listed companies at LSE have more safeguards to protect investors and I think than what you trying to do is to deceive people
Moreover , the Issue of Barick, is a very different motive for the government allowing all Collectives Investments Schemes to purchase shares from primary Market(LSE) and then list them in DSE, Hakuna cha ajabu hapo kwasbabu the risik will never stay with the pensions Funds , as the share will be traded in the DSE, So again , you have exaggerated the issue
If you could asked why Barrick didn’t do its primary Listing at DSE , may be that could have been a legitimate concern, but if you work in investment bank you should be able to understand defferent consideration why I company choose a certain country to do its primary Listing........
Furthermore , When Tanzania is thinking to liberate our Capital Account it is insane for you suggesting that , Pension Funds should not Invest Abroad especially when matters of national interests are concerned , where did you left the your Diversification Theory? Today from United Arab Emirates (UAE) to Botswana they have Investments Authority which takes stakes in different ventures world wide as the way of diversifying their risks while at the same time maximising the wealth of their countries.... Do some research and tell me the functions of AIDA (Abudhabi Investment Authority)
With Tanzania with only 10% financial sector development, you cannot downplay the role of these Pensions Funds on the growth of financial sector in Tanzania. Do some research and you will realise that most of our local Banks they had contributed some of initial capital from our Banks which means
While you have tried to look at one side of the problem, for me , the main Danger I see for our Pensions funds , is the danger of them becoming a PONZI schemes because they just take deposit and they don’t Invests enough
Another threat to Tanzania Pension Industry is the push by worldbank to privatise the Pensions Funds, they have done so In Latin America, and I am aware there so pushing to try it in African Countries and that will be , a big grab of our nation wealth which we shouldn’t let it happen
Wanawake wengine balaa, huyu mdada anayesemwa humu hata mie namjua,
ReplyDeleteni mtu wa kujitusha sana na akijua una hela hata ulimwambia afanye nini atakifanya ni Kama vile Hana akili mie nazani amepinda kidogo
yaani muda mwingine analewaga kwenye parry hadi unamuhurumia, lakini ni kwamba anamtangazia kaka wa watu ujinga kweli
swali langu, yaani haoni hata aibu kutaka kudeti mtu Kama mashaka?
Shule aendi kazi hana, mtu msomi Kama mashaka naye atakuwa fyatu kumdate
mimi alishanambiaga nitafute jina la John mwafrika na kumblock kwenye face book kwa sababu anatukana watu. Aisha Senkoro usikatae ulinambia hicho heti mashaka anatukana watu basi na mimi nikamfuta kumbe ni uongo mtupu. Mwanamke yatakushinda , tuliza bol kidogo, hata siye tumeachwa lakini hatuna chuki na majungu kwa waliotutosa . Ugomvi na wanawake yamemshimda sijui na wanaume ndo ataweza?
misupu hongera sana kumleta mr. President wadau tulikua na kiu kubwa na busara zake, wadau tumekuwa entainidi na hii posting hata makala sisomi ni comenti tu inatosha nimecheka Kama vile sina akili
ReplyDeletehuyu Peter nalitolela kapinda sana
MDAU(JOHN) UK Writes in response to number of issues MR.Mashaka wrote.Please note,this is independent and objective view and I don't aim to undermine anybody.Please read and enjoy.
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THE ARGUMENTS SPRINGING FROM THE COMPOSITION ARE OSTENSIBLY PRUDENT TO THE LIKELY CONCEQUENCES OF THE STOCK MARKETS STRATEGIC FAILURE TO DELIVER FOR THE RETIREES PLANS.
THE PUNCHY WORDS AND THEMES ARE ‘RETIREMENT PLANS’, ‘CAPITAL MARKETS’, ‘INTEGRATION’,‘RISKS AND UNCERTAINTIES’, ‘GOVERNMENT INTERVENTION’, ‘THE SUGGESTED CAUTIOUS WAYS’
I AM UNDULY CONCERNED WITH STRESSING CAREFULLY AN OBJECTIONABLE VIEW OF THE WORDS AND THEMES ABOVE TO DEMONSTRATE HOW IMPLICITLY, THEY WERE SUPPOSEDLY SEEKING TO ACHIEVE ANDI’D OFFER COUNTERPROPOSALS,BUT FOREMOSTLY,I,D NEED TO BRIEFLY DESCRIBE PENSIONS SCHEMES FEATURES.
RETIREMENT PLANS ARE THREEFOLD CATEGORICALLY,STATE ,COMPANY AND PERSONAL/STAKEHOLDERS PENSION SCHEMES.THERE ARE FUNDAMENTAL DIFFERENCES IN HOW THEY WORK.IT IS EASIER TO ACKNOWLEDGE THE NOTABLE FEATURES OF THE STATE SCHEME THROUGH CONTRIBUTIONS MADE TO THE INLAND REVENUE AUTHORITIES ON TOP OF INCOME TAXES.IN THE UK, THE NI CONTRIBUTIONS ON SELF ASSESSMENT TAX RETURNS OR THROUGH P.A.Y.E(PAY AS YOU EARN).
ENTITLEMENT TO RECEIVING STATE PENSIONS DEPENDS ON SET RETIREMENT AGE AND HISTORICAL INDIVIDUAL CONTRIBUTIONS THROUGH PAYROLLS.RECENTLY,THOSE IN THE UK PROBABLY ELSEWHERE, MIGHT KNOW OF THE LABOUR PARTY POLICY OF THE FORECAST ONE PERCENT INCREASE IN NI CONTRIBUTIONS.THERE WERE SQUABBLING AND TUSSLING ON THIS AS TO HOW THE JOB TAX INCREASE MIGHT ENSURE SUSTAINABLE ECONOMIC RECOVERY.THEY INCLUDED THE RISE IN THEIR PLANS TO PROTECT FRONTLINE SERVICES FROM CUTS AND DEFICIT REDUCTION PROGRAMMES.ANYWAY,I’D THINK,MR MASHAKA WASN’T CONCERNED WITH THE STATE SCHEME FOR,IT WORKS CONTRASTINGLY TO THE OTHER TWO SCHEMES. I’M NOT ILLUSIONARY AND CERTAINLY NOT THINKING DAFTELY ON WHETHER THE GOVERNMENT WOULD DECADENTLY,LUMP SUMS SLAM DUNK OR DRIP FEED THE RETIREES LIFES CONTRIBUTIONS(SAVINGS) INTO CAPITAL MARKETS...........read further.....
Mdau(John) UK
daskim@hotmail.com
.....Continues.(2)Below....characters capped
Mdau (John) UK Continues....from (1) above.....
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THE OTHER TWO DISTINCT SUPERANNUATION SCHEMES ARE RUN AND MANAGED BY FINANCIAL INTERMEDIARIES AND THERE ARE MANAGEMENT CHARGES FROM THE PROVIDERS WHICH COULD BE BANKS,BUILDING SOCIETIES,LIFE INSURANCE COMPANIES,HEDGE FUNDS INSTITUTIONS, ETC.THEY OPERATE/MANAGE ON BEHALF OF COMPANIES AND EMPOYEES.SOME CORPORATIONS PROVIDE THEIR OWN PLANS AND I THINK,THE NAMED POLITICIAN HERALDS FOR THESE SCHEMES SINCE THEY INCORPORATE THE ‘OWNERSHIP’ PUBLIC SENSE AND BELOW ARE THE FEATURES.
SAVINGS ARE MANAGED ON YOUR(SAVERS) BEHALF MEANING, THE FUNDS WILL BE INVESTED IN PENSION FUND ASSETS IE FOR EXAMPLE, BARRICK GOLD SHARES ,UK GILTS,US TRESURY BILLS,CASH ETC AND ARE MATCHED AGAINST PENSION OBLIGATIONS I.E. (LIABILITY TO PAY PENSIONS IN THE FUTURE),ON YOUR BEHALF BY FUND MANAGERS WHO HAVE FIDUCIARY ROLES TO ENSURE POSITIVE OUTCOMES.THE TRUSTING RELATION IS CRUCIAL TO ENSURE PROPER LONG TERM ASSETS MIX, CAREFUL PORTFOLIO DIVERSIFICATION,AND PRUDENT MANAGEMENT OF RISKS.THE KEY TECHNICAL FLAW WITH REGARD TO THE RECOGNITION AND MEASUREMENTS TRANSPIRES AS FOLLOWS,
PENSION ASSETS,IE.SHARES/STOCKS ARE MEASURED AT MARKET VALUE WHILE PENSION OBLIGATIONS ARE DISCOUNTED IN FUTURE THAT IS AT PRESENT VALUE OF FUTURE CASH FLOWS.SO THE USE OF MARKET VALUE IS THE SHORT TERM SOLUTION TO A LONG TERM PROBLEM.CURRENTLY,IN POST CREDIT CRUNCH,MANY SCHEMES ARE IN DEFICIT,HERE IS WHERE MR MASHAKA(AS THE NAME SIGNIFY) COULD HAVE TREPIDATION AND DELIBERATIONS ON WHETHER THE GOVERNMENT COULD AVERT AND HELP WITH ALTERNATIVE STRATEGIES.
THE GOVERNMENT IN THE UK FOR EXAMPLE,RAISED TAX FREE SAVINGS LIMIT ON ISA’S(INDIVIDUAL SAVINGS ACCOUNTS) TO ENSURE CERTAINTY ABOUT SAVERS MONEY FOR THE FUTURE.ONE STEP FURTHER,THEY TOO,WILL LAUNCH A REAL PENSION INDUSTRY SHAKER NEST(NATIONAL EMPLOYMENT SAVINGS TRUST) SCHEME IN 2012.THIS IS A LOW COST PENSION SCHEME FOR MILLIONS NOT COVERED BY PRIVATE PENSION PLANS.IS THIS IDEALLY COMPARATIVE TO THE NEW ENACTED HEALTHCARE LAW IN THE STATES?WELL,DROP IT
THEREFORE,ONE,MR MASHAKA COULD HAVE ARGUED THE POLITICIAN TO USHER IN FOR THE LEGISLATION THAT ENCOURAGE THESE OCCUPATIONAL SCHEMES PENSION SCHEMES.TWO,HE COULD APPRECIATE PEOPLE’S INVESTMENT CHOICES FOR,OVER THE LONG TERM,HISTORICALLY, INVESTMENTS IN CAPITAL MARKETS TRUMP MANY OTHER FORMS OF ALTENATIVE INVESTMENTS AND RATHER THAN RELYING ON FEW QUID/ TSH. A WEEK STATE PENSION, PEOPLE OPT FOR STOCK MARKETS.THIRD,HE COULD RECOMMEND ON THE NECESSITY OF HAVING PENSION COMMISSION TO ADVISE THE GOVERNMENT ON RETIREMENT PLANS AND LASTLY,ALLOW FOR VALID PROPOSALS AFTER PONDERING,INTERESTINGLY, HE HAS BEEN NIMBLY NOBLE IN ADDRESSING COMPLICACIES.........read further below.......
Mdau( JOHN)UK
daskim@hotmail.com
Continues.....characters capped....
Mdau(John) UK Continues...from (2) above
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THERE ARE FEW PARAGRAPHS THAT STRIKE AN ACCORD WITH MY PERCEPTIONS AND SOME OTHERS,ADMITTEDLY,NEED CAREFUL THOUGHT-OUT.I AGREE WITH ALTERNATIVE INVESTMENTS PROPOSED HOWEVER,I AM NOT SO CONVINCED WITH HIGH RETURNS OUGHT TO BE YIELDED BY SUBSISTENT AGRICULTURE.
AGRICULTURE,MINING AND FISHERY ECONOMIC ACTIVITIES ARE ‘RESOURCE BASED DIMINISHING RETURNS’ ,THERE IS A PERFECT COMMODITY COMPETITION,THERE ARE SEVERE PRICE FLUCTUATIONS,NOTABLE REVERSIBLE WAGES/SALARIES AND IS BASICALLY UNSKILLED LABOUR ALTHOUGH THEY COULD BE SPECIALISED AND HERE IS WHERE THE VIVID CONCEPT OF ‘DIMINISHING RETURNS’ COMES HUNT DOWN ISSUES OF SUSTAINABILITY.I’D SUPPOSE HE’D BE PLAINLY CLEAR ON AGRICULTURAL EXPORTS BY CONSIDERING DISCONCERTING FACTORS SUCH AS ON PRICES,FREE TRADE AND COMPETATIVENESS AGAINST MAJOR PLAYERS-THE US IN PARTICULAR.I HOWEVER,DO NOT DISCOURAGE OR DISCREDIT EFFORTS IN THIS SECTOR(KILIMO KWANZA) FOR, THERE ARE OTHER UNDERLYING BENEFITS ASSOCIATED WITH,SUCH AS FOOD SECURITY AND EMPLOYMENT.
THE HIGH TECH DOMESTIC MANUFACTURING(UNLIKE HOW WAS SUGGESTED), FORMS A BASIS FOR GOOD EXPORT ECONOMIC ACTIVITIES.BASICALLY,THE OPPOSITE OF THE ABOVE,THESE ENABLE DYNAMIC IMPERFECT COMPETITION,STABILITY IN PRICES,INCREASING RETURNS,COULD GEAR FOR CREATION OF MIDDLE CLASS,IRREVERSIBILITY OF WAGES,ADEPTNESS AND FORMATION OF LARGE SYNERGIES.OBVIOUSLY,INNOVATIONS AND NEW KNOWLEDGE COMPLEMENT ECONOMIC DEVELOPMENT INTERMS OF ATTRACTIVENESS OF INVESTMENTS UNLIKE THE HEAVLY EXPLORED AGRICURTURE.THE CHINESE ECONOMIC HISTORY TELLS OF THIS.IT IS TRUE THAT EXPORT LED ACTIVITIES ARE EVIDENCED BY THE FLOOD OF COUNTERFEITS PRODUCTS IN THE HOME MARKETS.I HEARD,NAWADAYS,SOMEONE CAN NOT DIFFERENTIATE AND CHERRY-PICK QUALITIES OF PRODUCTS FROM SOURCES ESPECIALLY MOBILE PHONES.ANYWAY,RESUMING TO DISCUSSING FURTHER ISSUES ,
IT IS UNDENIABLY,INVESTMENTS IN INFRASTRUCTURES, HOUSING, TOURISM,HEALTHCARE AND SCHOOLS ARE STRENUOUSLY IMPERATIVE TO PROVIDE FOR PREVALENT CONSTRAINING FACTORS.APPARENTLY,THE AUTHOR’S COMPETENCY IS WAIVING IN STRESSING HOW THEY(INVESTMENTS) COULD BE UNDERTAKEN AND UNPLEASANTLY IN THE DIRECT INCORPORATION OF FUND MANAGERS ROLES WHEN STRESSING THROUGH THEM.I AM EXPLICITLY SURE,THERE ARE GOVERNMENT PROJECTS,MINISTRIES ,PUBLIC AND PRIVATE BUSINESS AND KNOWLEDGE DATA BANK ON INVESTMENTS,GOVERNMENT SPENDING AND BUDGETS AIMING TO BRINGING ABOUT SOCIOECONOMIC DEVELOPMENT.
FEW IMMEDIATE EXAMPLES ARE ON THE PROBLEM OF HOUSING SPRAWLS,THE PROPOSED MEASURE TO ESTABLISH SATELITE TOWNS IN DAR MUNICIPALITIES,ONLY SERVES TO THWART THEIR SPREAD.ON TRAFFIC CONGESTION,MOTORWAYS,NETWORK RAILS PROBABLY UNDERGROUND(US-SUBWAY) TRAINS WOULD OBLITERATE THE CHAOS AND NIGHTMARES.WELL,SUBWAYS IN AFRICA!WE ARE LOOKING FOR DECADES TO ACHIVING THIS,PROBABLY A GENERATION........Read further...
Mdau (JOHN)UK
daskim@hotmail.com
Continues(4)Below....
Mdau(JOHN)UK continues....from (3)above
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PARALLEL TO THE PROPOSED WAYS,THE CONTRASTING ASPECT BETWEEN RISKS AND UNCERTAINTY IS ON THE PROBABILITIES WHERE THEY ARE KNOWN ON THE FORMER AND UNLIKELY ON THE LATTER.RISKS ARE INDISPENSABLE IN EVALUATING INVESTMENTS VIABILITY AND ARE OF PARAMOUNT IMPORTANCE TO EVALUATE CONSTANTLY.NOW,
THERE ARE HIGH POLITICAL AND ECONOMIC RISKS IN TANZANIA AND PROMINENT BEING NATIONALIZATION,HIGH INFLATION,CURRENCY VOLATILITY,INTEREST RATES,POLICIES FEUDS WHERE PROBABILITIES ARE CERTAINLY IN THE HIGHS.RISKS SERVE TO DETER FOREIGN AND PROBABLY DOMESTIC INVESTMENTS.THEREFORE,IT DOESN’T CLICK WITH ASSIGNING TRADITIONAL INVESTMENT WAYS AS LOW RISK STATUS AND POTENTIALLY,YIELDING HIGH RETURNS.HAD JOHN STATED THIS WITH CONVINCTION,I’D HAVE SCRUTISED THE MISAPPREHENSION OF RISKS BEFOREHAND.THE PRES. JETTED AROUND THE GLOBE FOR FOREIGN INVESTMENT AND SEEMINGLY HAS BEEN VERY SUCCESSFUL.HOWEVER,IT COMES WITH A PRICEY KNOTS THAT WILL TAKE CONSIDERABLE TIME TO DISENTANGLE.THE KEY CATALYTIC VEHICLES THAT ENSURE THEIR(FOREING) INTERESTS ARE PRIORITIZED ARE THE IMF AND WORLD BANK.ANYWAY,RESUMING THE DISCUSSION,
THE RISKS CAUSE RELATIVE SENSITIVITY IN CAPITAL MARKETS AND THEIR TREACHEROUS AND TUMULOSITY TRENDS.THEREFORE,IT IS WISE TO OWN STAKE/BUY SHARES IN/OF BIG AND VERY STABLE COMPANIES.HERE IN THE UK,THESE ARE KNOWN AS BLUECHIP OR FTSE100 COMPANIES.PRESUMABLY,BARRICK GOLD IS STABLE AND LONG TERM.IF FOR A EXAMPLE, YOU INVESTED FEW TSH./DOLLAR EQUIVALENT IN MICROSOFT SHARES IN THE EIGHTIES,I GUARANTEE,THE SHARES/STOCK WOULD WORTH SUBSTANTIALLY TODAY(CAPITAL GAIN) AND WHEN CASHING IN(DISPOSING SHARES)TODAY ,THERE YOU GO, INTO PEACEFULLY RETIREMENT.UNDOUBTEDLY,IT WAS RISKY THEN,BUT,IF MANAGED APPROPRIATELY,THEN RAINY DAYS COULD NOT HAVE COME SOONER.SO,IF BARRICK GOLD HAS LONG TERM SCOPE AND POTENTUAL TO PROVIDE FOR FUTURE OBLIGATIONS THEN MR.MASHAKA COULD NOT HAVE THOUGHT OF THE COMPANYS PUBLICITY STUNTED SUCCESS BUT SUGGEST OTHERWISE.
THE ABOVE,IS IN MY PERCECTIVES WITH REGARD TO THE PREVAILING THEMES OF THE ARTICLE AS CALLED FOR,I PRESENTED WITH DUE RESPECT TO THE AUTHOR AND THE POLITICIAN CONCERNS GRUDGINGLY DUE TO PERCEPTIONS AND EXPOSURE THAT ENSURE COMPREHENSION AND RETENTION.WITHOUT A DOUBT,COMPANY PENSIONS ARE VERY LONGTERM,COMPLEX,MATERIAL AND VERY SUBJECTIVE ESPECIALLY ON ACTUARIAL BASED ASSUMPTIONS ON LIFE EXPECTANCY,SALARY INFLATION AND INVESTMENT RETURNS .THIS IS IN PARTICULAR WITH THE ‘DEFINED BENEFIT SCHEME’ OF WHICH MOST PEOPLE PREFERENTIALLY CHOOSE.
THEREFORE,I’VE TRIED TO OFFER AN AUTONOMOUS, INDEPENDENT,OBJECTIVE AND AVERSE VIEW ON PENSIONS,RISKS AND UNCERTAINTIES,THE PRUDENCE AND CONTER PERSPECTIVE ON CAUTIOUS WAYS PROPOSED BASING ON WHAT WAS WRITTEN.CERTAINLY,I’VE NOT COVERED COMPREHENSIVELY BUT I’D BE GLAD TO EXPLORE THE COMPANY AND STAKEHOLDERS PENSIONS IN DETAILS IN TERMS OF THEIR ACCOUNTING REPORTING ONLY WHEN RELEVANT,GENERATED ENTHUSIAM AND WETHER IT IS DEFINITE THAT THIS REPLY DOESNOT ATTRACT REACTIONARY ADVERSITIES.
I DO,HOWEVER,ACKNOWLEDGE THE FOLLOWING WORDS TACITLY.FIDUCIARY RELATIONSHIP,COLLATERALITY,SAFEGUARDING,TRUSTWORTHY,LIQUIDITY,ELASTICITY,TRANSACTION COSTS AND MANY OTHERS.
MDAU (JOHN) UK
daskim@hotmail.com.
Kaka michuzi asante kupost hizi comments.
misupu, nawezaje kuingia ubia na wewe Kama kaka mashaka ili namimi nichangie kwenye maswala muhimu ya kitaifa? Tanzania kuna kucha kusema kweli
ReplyDeletejoni mashaka ni mwanasheri na mchumi, ninachojua ni kwamba huyu kijana anakipaji sana ndo maana wengi wanamuita genius. Ukoo wao wapo hivyo hivyo wadogo zake pia ni vipanga Kama yeye alivyo. Wajaluo ndo walivyo kwa hiyo anayeweza akamfanyie cloning. Wanaclon kondoo sembuse mashaka bwana
ReplyDeletehapa kwa misupu ili mtu akubalike inaonyesha kwamba material yake imetulia. Ukileta atiko uchwara mwenyewe utajuta kwa hiyo mashaka anakubalika kwa sababu anapoibti nzito. Nasiku zote wandishi wa humu wanajaribu kumuiga Jon mashaka
ReplyDeleteFirst I would like to introduce myself officially as DR. Obama-Scandinavia. This is my first time to join this forum but proudly and a staunch supporter of Mr. John Mashaka. My Job in this forum is to respond to DR. Us blogger, Natalilea and other cynics and critics of John Mashaka.
ReplyDeleteThis article about Pensions fund speaks volumes about uniqueness and sharp intellect of John Mashaka in articulating issues backed up with strong evidences. This demonstrates the great economic mind the country is endowed but failure to harness this God given potential, the Mashakas and other like minded individuals in the diaspora is a pity.
One thing, I wish to reiterate from Mashaka's article is just a simple and workable solution which he has advised the relevant authories. That is to invest locally in housing industry, this reminds us of a recent ended global economic forum in which the UN Habitat, Executive Director, Prof Anna Tibaijuka said, Not too long from now, half of the world populations will be living in towns and cities, especially in developing countries like Tanzania. This shows the importance of parastal organizations to invest in housing industry whose risk is very minimal compared to the failing western capitalism financial system. Mashaka knows how the world works unlike many of his cynics and the so-called critics whose arguments are baseless and fundementally unsound. Example of Dr. Us blogger who exposes his naivity and hatred against our great thinker John Mashaka. The silence of John mashaka tells something about his personal integrity, wisdom and indredible leadership talent . These are the attributes of the great thinkers and leaders, I know, to name the few Mandela, Nyerere and Nkrumaha,
Thanks, Mashaka
regards, new fighter
Dr.Obama Scandinavia
I am not trying to take anything away from Mashaka; however, what he has postulated is quite obvious to those who live in America. Many of us are the living proof of the consequences of financial meltdown. We have witnessed our 401K as well as pension funds being depleted by this monster- stock market.
ReplyDeleteThose politicians who are suggesting investing NSSF money on the stock market are not only naive but also ill informed. My advice to them is that they ought to do a thorough research on the pros and cons before embarking in a kamikaze mission. There is no such thing as assurance when it comes to the stock market; moreover, there are a lot of variables that one must consider. One should remind these politicians that it is a colossal mistake to draw a graph using a single point.
Truthfully speaking, John Mashaka is here to stay. He has unusual mind that can be described as a genius. He should be categorized as one of the great minds of our generation. Dr hildebrand shayo and the likes must follow John Mashaka's footsteps. I am only suprised that the goverment does not tap mashaka like talents and make good use of them instead of culturing the rotten brains in our highest instituions such as BOT.Atleast we now have great thinkers of higher caliber we can be proud of. Issa Shivji, Julius Nyerere and a few more re-knowned interlectuals. Time has come for this new breed to shine and thank you your highness Jon mashaka for leading the way
ReplyDelete@Emmanuel Wed May 19, 05:49:00 PM
ReplyDeleteI think you are misinformed, john Mashaka never suggested against Institutional investment. He only cautioned us against the NSSF being invested in the stock market.
Mashaka clearly stated
"There are many agencies other than “Retirement Fund or NSSF” which can participate in the stock market, as the fund cannot withstand the jittery nature of the financial markets, and still be able to maintain the required solvency needed at all times regardless of the prevailing economic condition.
Thus, our politicians should stop encroaching on the fiduciary duties, and instead leave this kind of work into the hands of experienced fund managers, which I am sure NSSF has.
Our politicians should concentrate on policy making, and safeguarding of our natural resources –minerals- and pensioners from the greedy and corrupt individuals within the system"
I am sure once you read these paragraph you will agree that mashaka simply outscored you
HATA SIJAELEWA KITU, MBONA HAUNDIKI KISWAHILI BWANA MASHAKA? MIMI NI MSHABIKI NA MFUATILIAJI SANA WA COMMENTI ZAKO KWENYE BBC, NA PALE UNAONGEA KISWAHILI KIZURI TU, MBONA HAPA USIANDIKE KISWAHILI ILI TUELEWE WOTE, AU US- BLOGGER BASI ATUTAFSIRIE
ReplyDeletenaona wengi wanaropoka tu hawamjui mashaka. huyu kijana ni mpole sana mwenye adabu na mnyenyekevu,yaani mkarimu sana. hapendi makuu. hapa lengo lake ni kutetea haki anaitetea nchi yake na waoponda ni kina peter nalitolea siyo watu wa kusikiliza nalitolela ana mtindio wa ubongo.Nabii Juu, juu juu zaidi. Mashaka juu, juu, juu zaidi…….. kiingeleza kigumu! ila nitakufagilia njia hadi ikulu
ReplyDeleteThank you michuzi, to allow me join this wonderful blog ya jamii, it feels really great to share my views in support of well argued article by Johm mashaka
ReplyDeleteregards
Dr. Obamascandinavia
New-fighter
Ndugu Michuzi,
ReplyDeleteKuna comment hapo juu ya May 19, 10:59 AM ambayo niliandika nyuma sana alipojitokeza huyu John Mashaka na watu kutaka awe raisi wetu kwa kuwa anajua kuandika Kiingereza japokuwa anavaa three piece suit juani Bongo.
Swali langu ni kwamba mbona umelishapisha tena au ni katika kuvuta biashara kwa kuonyesha kuwa watu wengi wanasoma na kujibu articles za Mashaka?
Kama hunichapishi, ujumbe umefika. Censorship is CCM and CCM is you.
John mashaka anzisha kanisa Kama la kakobe au Kama lile la nabii Tito ili siye walevi tupate kanisa mbadala
ReplyDeleteunaowafuasi wa kutosha kuanzisha hata chama cha kisiasa na uishinde CCM na chadema kwa sababu sera unazo A kuweza kukiiza chama siye washabiki tutakuwa wapiga debe
mfalme wa wayahudi nadhani ujumbe umefika
sadaka kanisani zitatosha , waumini tuko wengi
bwana asifiwe
huyu Peter nalitolela feki sana Hana mpango. Sasa hivi anakunywa bia za bure toka kwa hashim thabeet ndo maana anamsujudu na kuita mwekezaji, kawaida ya viongozi wa kibongo. Mashaka akija Tanzania unakula naye satu brekingbpoint na kumuita his highness. Nalitolela si mlisoma na Jon mashaka muzumbe na wote mkapata digrii za uchumi? Sasa inakuwaje unamponda? Mnafiki wee sikuamoni Tena wewe Peter na tutakuchongea kwa rais mtarajiwa
ReplyDeletekanumba tafsiri, pleaseeee!!!
ReplyDeleteWENGI WANAOPINGA YAONYESHA NI WAPINZANI WA MASHAKA KWANI BADALA YA KUPINGA HOJA NAONA MASHAMBULIZI NI KWA MTU(MASHAKA)..BE OBJECTIVE ON THE MOTION AND NOT SUBMISSIVE, HII NI HOJA NZITO INAYORINDIMA HAPA KWETU NA MICHANGO YA MAWAZO KWENU NI YA MSINGI KWA MAENDELEO YA TAIFA LETU CHANGA NA MASKINI..
ReplyDeleteHAYO NI MAJUNGU YASIYO NA MPANGO, MTABADILIKA LINI WABONGO?
KIJANA MWENZENU NA MWENYE UCHUNGU NA NCHI YAKE AMETOA MAWAZO YAKE KULINGANA NA HALI HALISI ILIVYO. LEO HII KAMA TUNAKUBALIANA KWAMBA HAYO MASHIRIKA YA AKIBA ZA WAFANYAKAZI YAANZE KUUZA HISA, UNATEGEMEA NINI KWA TAIFA LENYE RAIA WA KIPATO CHA CHINI KM LETU..UNATAKA MABEBERU WAJIINGIZE HALAFU WAMILIKI SEHEM KUBWA MTAJI, MWISHO WA SIKU HIZO PESA ZINAZOAZIMWA KWA MIRADI MBALIMBALI ZINAKWAMA SABABU YULE NI MGENI NA HATOKUWA NA ULAZIMA WA KUWAJIBIKA KWA JAMII AMBAYO SI YAKE.
FUNGUKENI JAMANI SABABU WA KUUMIA NI WAFANYAKAZI WA TAIFA HILI..
PINGENI HOJA NA SI KULETA UTASHI BINAFSI AGAINST SOMO ONE..
BILA SHAKA NIMEELEWEKA!!
#######@ Dr. ObamaScandinivia XXXXX
ReplyDeleteNimekukubali
utani kando,,,
tanzania ingekuwa na mashaka watano kwenye bunge letu tukufu na John Mashaka WANNE tu kwenye baraza la mawaziri tanzania ingekuwa wapi?
Maswala kama haya yanayousihana na mafao ya uzeeni mambo ambayo mawaziri wengi hawayaelewi
kwa hiyo kijana kuchuku mada nzito kama hizi kwa ufasaha wa namna hii lazima tumkubali.
mashaka nimekukubali kuanzia leo, kwanza kwa ujaisir na kwa ubungo wenye hekima na busara wa hali ya juu. Kama Dr. Obama wa Scandanivia alivyosema, you are a think of another class kusema kweli, muda mwingine tukubali ukweli. huyu kijana ana kipaji
JK anamwangalia huyu mtoto kwa jicho makini mtashtukia atakalo lifanya, lazima anamuweka kwenye baraza lake la mawaziri
hamna chochote kipya humu. wote mnadanganywa na kiingereza kizuri tu cha darasani
ReplyDeletemtu amesoma marekani mda mrefu kwa hiyo anapoandika maneno magumu ya webster wengin wanamuona siyo binadamu wa kawaida
Yaani humu ndani kuna watu zimeruka kabisa; this is funny na stress reliever kali kweli, Safi misupu
ReplyDelete@Tarehe Thu May 20, 12:46:00 AM, Mtoa Maoni: Anonymous
ReplyDeleteI am not misinformed, Basically, the main Institutional investors in any capital markets is pensions Funds and some Insurance companies, Please tell me if you take them out of the picture which Institutional Investor will remain? I think that thinking is very poor
Hatuwezi kuwa na soko bora la hisa kama tunazuia Pensions fund kushiriki kwenye Capital Market.
Tunachotakiwa kuzuia sio pension funds kushiriki kwenye capital market rather tuzuie Individual account of pensioners kuwa hedged against traded securities
Mawazo kama haya ndio yanatufanya kila siku tuwe nyuma ya Kenya na Nchi zingine amabzo theya are working tirelesly kuinsure nchi zao zina expand the capacity of their capital market,
Leo hii Kenya is the second largest Investor in Tanzania kwasbabu most of the companies Investing in Tanzania from Kenya they are listed in Nairobi Stock Exchange , which give them the financial capacity to expand in any East African Countries, but all of this success is pre conditioned at allowing the pension funds to invest in Capital market
What we need is not stoping pension funds investing in capital market, Ila we need a regular Actuarial assessment ya hizi funds
daah mdau jon wa uk kiboko.sina la zaidi yaani afadhali ameonyesha kuwa nabii siku nyingine ni mwepesi kiaina
ReplyDelete