I go to the Big Smoke tonight (actually the name wouldn’t work today – there are not many cities in the world that are cleaner, more exciting and with better restaurants, parks and museums … in my humble opinion).
I will be seeing most of the big emerging market fund mangers and discussing South African political risk and the Zuma presidency with them. I am betting that, as usual, they will tell me I worry too much … look at Russia, they will say; or Brazil, Turkey, the Middle East … you want political risk?
It’s always a relief to hear foreigners with big money to invest saying that we underestimate ourselves, or that we worry too much.
I will try and post while I am there – possibly reflecting on what I can glean about what the big money thinks about our future – but if that doesn’t work, I will be back on Wednesday next week.
Nic Borain 