Rudco Homeloans at 6%

[duncan drennan]

Here is Moneyweb's take on it. Also a transcript from a show where Rudi Visagie was supposed to be interviewed.

[Dave A]

Visagie claims to have more than 250 agencies ready to sell Rudco products.

At 10% of the monthly instalments, I'm not surprised.

All I know for sure is that whatever happens, this is going to be really interesting!

[zulu]

At 10% of the monthly instalments, I'm not surprised.

All I know for sure is that whatever happens, this is going to be really interesting!

10% is correct but again that is not the full story. The agencies do not get funding from the head office. The 10% they get must pay salaries and rental space etc as they are basically run as a seperate business. Taking that into consideration it is not a bad amount. How much must the bank make to fund their branches?????

[RKS Computer Solutions]

If the agencies are already established, this could be some nice extra income for them....

Don't know if anyone else has noticed this, but locally, a new estate agent company rises every week, seriously, every week local newspapers are full of new ads, and it seems 90% of the papers are dedicated to property...

Are we in the wrong line of business?

[zulu]

If the agencies are already established, this could be some nice extra income for them....

Don't know if anyone else has noticed this, but locally, a new estate agent company rises every week, seriously, every week local newspapers are full of new ads, and it seems 90% of the papers are dedicated to property...

Are we in the wrong line of business?

I think we should all become estate agents. Just in on the East Rand of Johannesburg their are more than 3000 estate agents. HOW DO THEY ALL MAKE MONEY?????.
Back to the Rudco debate. Some more interesting stories have surfaced. Everybody seems to have their own take on this. Some people are now even saying that Barclays and Richard Branson are envolved. It is amazing how people will make up their own stories if they do not have the facts, I have to wonder how much of what is being said in the papers and on the net is actually true.
What is certain is that this is turning out to be very interesting and that it has some of the biggest fnancial institutions on the edge of their seats.

a Report on moneyweb says that Rudi Visagie was suppose to be interviewed on radio, He responded by saying that he already had plans that evening to drink wiskey with his mates. I am glad that some people have their priorities straight - Go Rudi you good thing. I am sure that this type of attitude towards the press is realy killing them. They are digging for answers
and the man wont budge. I am sure that we will find out who is really behind the whole Rudco strategy, in the meantime let the reporters sweat.

I am so exited by this whole story that I felt the urge to wright a poem.

Rudi Visagie was the Man
But money web had other plans
They told a story of money from the states.
Rudi responded by drinking wiskey with his mates.
How the story unfolds nobody nows.
but if it goes to plan the banks will close.
Years from now we will look back and say
Rudi You good thing, you knew the way.

If all goes well and Rudco ends Tops.
Gather all the reporters and have them locked up by the cops.

Do you think I can get it published

[Dave A]

Do you think I can get it published

Given that anyone with an internet connection could access this - consider yourself published

That was really good. Impressed.

[RKS Computer Solutions]

Go zulu!

[zulu]

I am glad you liked it.

I see that there was another article in Rapport on Sunday. When will these guys ever stop. One thing that blows my mind is how the NCR issues a lisence
and then after the s&@# hit the fan, they want to launch an investgation. Surely they must have an idea of how the business is structured before they
issue a lisence. Or are they just "launching" an investigation to satisfy the big players in the industry.

These Reporters are amazing they all suffer from selective amnesia. The report said that a lady reported rudco because she did not receive all her money. What they do not say is that this lady wanted to obtain the money illegaly. and that she wanted finance for her mothers business and gave the impression that she "OWED" money to the business in an effort to get the "DEBT" consolidated, these types of loans are not done by rudco and her applicaton for this amount was declined after they found out what whe was busy with.
It is nice to now people who actually know the truth. Maybe I should wright a report on the true story, after Rudi and I have a few wiskeys.

The problem with Rudco's system is that people in SA are very conservative and if something moves away from traditional methods we kick up dust, and Rudco is definitely moving away from traditioanl ways of doing things. Maybe we should all just relax for a moment.

[RKS Computer Solutions]

Yup, everyone in SA needs a "chill pill"... About my above comments about the little guys taking on the big guys, read me blog here: David vs Goliath

[Dave A]

Nice one, Riaan.

You don't have a comment facility as far as I can see - so perhaps if I can comment here:

So, the first thing that comes to mind is am I really that big a threat to other retailers that they have to go to the local distributors and complain about my pricing?

I'm amazed at who else they'll go to as well. Holding office in an industry association can lead to the most amazing phonecalls...

No need whatsoever to go screw the public on high prices and bad service when it can be done professionally,

On my first read, I had a mental picture of something like "No need whatsoever (for amateurs) to go screw the public..." - I nearly wet myself

[RKS Computer Solutions]

Nice one, Riaan.

On my first read, I had a mental picture of something like "No need whatsoever (for amateurs) to go screw the public..." - I nearly wet myself

Is that a good or a bad thing your mental picture?

[RKS Computer Solutions]

How's that, 16minutes after you posted about not being able to comment and the comment system is live.... Long live great service!

[Dave A]

Plain text only? Or is there a coding option for italics, bold etc?

(Think of this as "how to refine a product" )

[Dave A]

Is that a good or a bad thing your mental picture?

I reckon it's fine. In fact better than fine. It's great. Don't change a thing!

I had this picture of people being badly screwed over whereas they should rather try to get properly screwed over by a professional... A misread - and my warped sense of humour getting the better of me. I simply had to share.

[RKS Computer Solutions]

Coding options and HTML gives spammers ideas... Don't want to be sitting moderating the whole day... I know, it's basic, but it does what it needs to in the most effective way right now...

Refining will come, the new design is coming along at snails pace, but it will be worth it... Always improving and going one better...