Housekeeping - NCC back on the list; SAVCA? and statistics

The morning was long, and gave me ample opportunity to think about my blogging activities. First I had to get up along with the birds because my licence had to be renewed. I discovered that my old licence had expired some days ago, and anticipated a good few hours in a queue with assorted fellow citizens. Not so! No waiting in line, and after half an hour we were back home, temporary licence in my pocket. Yes, its good to be legal again. I need to compliment the Tshwane council with their excellent, pleasant and efficient service.

Before I get to the statistics of the blog, I need to make some announcements:

NCC back in the loop
The NCC is back on the email list, and this time Clive le Meme will receive all the blog updates and comments as a direct feed. Now, I must add that I do this with some hesitation, as they don't seem like a very cooperative lot, and it is my sense that they are not friendly either. The reason why I decided to let them be in the first place, is that I considered them of little consequence in the matter of Edwafin. However, after some thought and after listening to the little devil on my shoulder, I fully realize that they are solidly involved in the Edwafin debacle. Let's be honest, their acronym appears on the brochures of Edwabond, the folks that dealt with the marketing of our dentures.

I quote again from the NCC's website:

We undertake to perform a risk management due diligence of our client’s practice and thereafter implement a compliance monitoring system that will not only exceed the requirements of the legislation but will also help to maintain the profitability of the practice.

According to Mr Le Meme they have been in contact with Edwabond since October last year, which to me is an indication that they must have been aware of the brewing problems since then. The question is now: "What did they do to try and remedy the situation?" Le Meme states in an email that he is satisfied that they complied with their brief, but where do we see any of the results. Is it not for us the public to decide whether a public body like the NCC has fulfilled their brief? How is it that six months later we have to deal with this mess, while the NCC has seemingly been silent all that time. One wonders what the NCC did to help maintain the profitability of Edwaband/Edwafin, or how the company was allowed to continue its activities, while they were aware of the financial difficulties.
As mentioned before, Mr Le Meme will receive our regular updates, and if he prefers not to, I shall replace his address with that of the CEO of the NCC, Adv. Opperman.
Tut, tut, tut, Mr Le Meme, we are waiting with abated breath on information about your activities in respect of Edwafin.

SAVCA revisited
You may remember that SAVCA was mentioned in the same breath as the NCC, and they were also placed on the email list. At least the NCC responded in a manner of sorts, but SAVCA is a quiet as the local graveyard that was raided by the ghost busters. Alas we found another email address, the executive officer, Mr JP Fourie, and he will be receiving updates from this blog in future. I repeat my previous quote taken from the site of SAVCA:
The codes of conduct of the SAVCA includes the following clauses:

Members will conduct their business in a responsible way and will not engage in practices which would be damaging to the image and interests of the venture capital and private equity industries.

Members will assure a high standard of their investment portfolio and will avoid financing enterprises or participating in activities which are contrary to these goals. They will take a long term view of the economy and private equity and venture capital industries, rather than engage in short-term speculation.

Each member shall promote and maintain ethical standards of conduct and deal fairly and honestly with all business concerns seeking its assistance, with all companies to or with whom it makes loans or investments, and with all other private equity and venture capital companies.

No venture capital or private equity fund may be used to promote the welfare or assist its directors, managers, employees, nominees, and representatives, except insofar as they benefit from the success of the fund according to established compensation and profit sharing contracts.

Members will be accountable to their investors by fully disclosed operating and financial reports.

Unethical conduct will be deemed to include any evasive device intended to conceal non-compliance with the Code of Conduct and any regulations enacted by the proposed Professional Standards Committee, designated by the committee of SAVCA for its enforcement.

Members will abide by the code of conduct and all rulings and regulations issued by the proposed Professional Standards Committee designated by SAVCA committee.

Isn't it interesting, but perhaps typical, that two of the more important bodies who's emblems and acronyms were used to promote Edwabond, are now tiptoeing through the tulips. One presumes that their work is easy when all goes well, but that it increases in complexity when trouble brews and actual active attention needs to be given to resolving a problem.

Statistics
A few days ago, I installed a statistics module in this blog, and I'm sorry that I had not thought of it before, as one has no idea about how many people have visited the site since its inception. Some figures for the period 6 April until today (2.5 days):

Total visitors: 488
Documents accessed: 186