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Assignment 08

SUS1501 – Sustainability and Greed


Student Number:67306691
Date: 19 April 2020
Teaching Assistant Name:T MADALANE

Declaration:

By submitting this assignment, I implicitly declare that this is my own work.

I am aware that if ANY unacknowledged copying is detected in ANY part of this assignment, I
will get 0 (zero) for the entire assignment.

INSTRUCTIONS:
 Read the “1. Introduction” section below;
 Fill in your assignment contributions under the relevant headings 2-5 below;
 Save the file as a Word document with a short name (myUnisa will reject files with long names);
 Submit this file into the Assignments tool on myUnisa;
 Take a screen grab of the final submission acknowledgement on myUnisa and save this
somewhere safe in case of any disputes:
 Check under the Assignments tool that there is a date in the “Processed” cell for the SUS1501
Assignment 8.

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1. INTRODUCTION (Written for you by Prof Eccles)
In assignment 2 we debated the fact that Whitey Basson earned R 620 million in 2010. In the final
analysis we were asked two questions:

 “2. What do you think about Whitey Basson earning ZAR 620,000,000.00?”
 “3. Why do you think this?”

In effect we were asked to present an argument (the answer to question 3) supporting a conclusion (the
answer to question 2).

Students opinions on this could be divided into two groups:

 Those who had no real problem with someone earning that amount of money; OR
 Those who had a real problem with someone earning that sort of money.

In this assignment, I’m going to:

 Analyze the argument of a fellow student whose conclusion I disagree with;


 Tell you what was wrong with the premises;
 Tell you how their argument might not be valid; and finally
 Present you with a much better argument supporting my own option on this matter

2. A BAD ARGUMENT
<
What you need to do in this section is go back to the Assignment 2 discussion forum and find a
submission from one of your fellow students who presented the opposite opinion to what you think.

In other words, if you think there is no problem with someone earning R 620 million in a year then
choose an assignment where the student argues that there is a problem. Or if you think there is a
problem, choose an assignment where the student argues that there is no problem.

We want you to copy the section of this assignment where the student answered the questions: “2.
What do you think about Whitey Basson earning ZAR 620,000,000.00?”and “3. Why do you think this?”
and paste it here.

PLEASE MAKE SURE YOU PUT THIS IN INVERTED COMMAS (“) AND THAT YOU PUT THE NAME OF THE
STUDENT WHO SUBMITTED IT
>
N LUBISI said “There are rare talented people like Basson,he is one of the people who really work hard
to achieve their goals. I believe he invested his time and also put more effort on making sure that
Shoprite is doing well. So in my opinion I believe that for him to earn such an amount it’s a reward for
his services.

QUESTION 3
WHY DO YOU THINK THIS?
“In my view, I believe that Whitey is a true definition of the people who really work hard to achieve their
goals and on this case he is working hard to achieve the company's goals. He invested his time studying
and acquiring more relevant business successfully and also put focus on what he wanted to achieve in
life,this kind of remuneration is good to thank him for his hard work. Any company needs someone who
will help them to build their mission and vision which they set within their companies. In this case I
believe that Whitey is making more for Shoprite compare to what they are paying him. Whitey is
working hard to make sure that Shoprite is not losing but gaining and also making more profit,this will
lead Shoprite to create more jobs opportunities by opening more shop outlets and hiring more staff.
The amount that Whitey is earning will also attract Investors because investors only want to invest in the
company that is doing well on the market by doing so also our economy will grow.

3. THE PREMISES AND THE CONCLUSION


<
Here we want you to:
1. List the premises (explicit and implicit) that your fellow student used in drawing their
conclusion
2. Restate the conclusion
>EXPLICIT PREMISES
 There are rare talented people like Basson.
 Any company needs someone who will help them to build the mission and vision which they
set within their companies.
Investors only want to invest in a company that is doing well on the market.

IMPLICT PREMISES
 For him to earn such an amount is a reward for his services.
 In this case he is working hard to achieve the company's goals.
 I believe he invested his time and also put more effort.
 He invested his time studying and acquiring more relevant business successfully.
 I believe that Whitey is making more for Shoprite compare to what they are paying him.
 Whitey is working hard to make sure that Shoprite is not losing but gaining and also making
more profit.
 The amount of money that Whitey is earning will attract investors.
Our economy will grow.

RESTATE THE CONCLUSION


Basson earned R620 million in twelve months

4. WHAT’S WRONG WITH THE PREMISES


<
Here you need to:
1. Evaluate the acceptability of the premises;
2. Evaluate the validity of the argument

EVALUATE THE ACCEPTABILITY OF THE PREMISES


It is true and acceptable that there are rare talented people like Basson. Any company needs someone
who will help them to build the mission and vision which they set within their companies, that is
acceptable and believable. Investors only want to invest in a company that is doing well on the market.
It also acceptable.

2 EVALUATE THE VALIDITY OF THE ARGUMENT


Implict premise, the amount that Whitey is earning will also attract investors, so how is this possible
because somebody's salary is confidential. This is not a valid point.

5. MY BETTER ARGUMENT
<
Here you need to:
1. State your opinion on Basson’s earning R 620 000 000;
2. List the premises that you think support your opinion
>

STATE YOUR OPINION ON BASSON’S EARNING R620 000 000


I believe that R620 million can be earned by the owner of the company not just an employee so in this
case I think that something dodgy like corruption must have happened. Lastly, I think this amount is the
commission that the company made.

LIST THE PREMISES THAT YOU THINK SUPPORT YOUR OPINION


An owner of a multi million rand company is acceptable and understandable for him to have such an
amount in few months but as for an employee is so questionable and confusing. Again. This amount
can be a national commission made in that year, if so how can they give it away to one person.