If you thought the interminable debates about the laws and institutions that structure our labour market and government subsidies for first time youth workers were just silly ideological wrangling then take a look at this graph from the OECD economic survey of South Africa. Let the extraordinary relative numbers speak for themselves. Youth unemployment seemsContinue reading “Youth unemployment – our deepest sytemic threat”
Author Archives: nicborain
Politicians tend to hate markets – for good reason
… politicians and chief executives of all political colours become angry when anonymous markets do not take their assertions at face value. The anonymous market cannot be dictated to or defeated in debate. Leaders cannot shout down, fire or arrest the nonexistent Mr Market. This from a fine piece of commentary from John Kay inContinue reading “Politicians tend to hate markets – for good reason”
Selebi plays Zuma, Agliotti plays Shaik
I can’t help but think of the Selebi corruption trial and conviction as a proxy for the big one that never happened. There’s a story about Glenn Agliotti wandering around Shell House in the early 90’s, undoubtedly looking to meet and great the returning leaders of the ANC. Somewhere in those chaotic corridors where incompetenceContinue reading “Selebi plays Zuma, Agliotti plays Shaik”
Kampala bombings as ambush marketing
Sunday’s Kampala (capital city of Uganda) bombings during the World Cup finals in a rugby club and a restaurant where people had gathered to watch the match were important for too many reasons to name here – although the tragic human suffering, with the death toll standing at 76, must rank first. For those whoContinue reading “Kampala bombings as ambush marketing”
Ethnic cleansing by rumour
Jacob Zuma said at a press conference in Sandton yesterday: I’m not certain whether there have been threats of xenophobia. I know that there have been rumours that have been reported. (Reported in The Star) As I drove towards Cape Town on the N1 on Sunday people were already streaming north, belongings in those hugeContinue reading “Ethnic cleansing by rumour”
Parastatals: fleshpot flashpoint
How to explain the decision to start a review of the parastatals by a presidential committee just as Public Enterprises minister Barbara Hogan was busy with that job? When anything in our country seems confusing it is always useful to abide by the famous injunction from Watergate’s ‘Deep Throat‘: follow the money. The raison d’êtreContinue reading “Parastatals: fleshpot flashpoint”
A Looter Continua
In a rush on my way from Namibia to the Garden Route – it’s a hard life, but someone has to live it. The big stories are: the continuing decline in employment numbers; the National Working Committee’s decision not to charge Zwelinzima Vavi but to criticise him for alleging that Minister of Telecommunications Siphiwe NyandaContinue reading “A Looter Continua”
World Cup – stimulation or diversion?
Last night, I felt the pull of warring emotions. The occasion was the watching of the World Cup welcoming concert on TV from the comfort of my own lounge. The general effects seemed to be intensified by the fact that I could see (the fireworks, lasers and helicopters anyway) and hear the one taking placeContinue reading “World Cup – stimulation or diversion?”
What would the ANC do without Cosatu?
You hear it bruted about that Cosatu provided the organisational structure and person-power to wrestle the ANC from Thabo Mbeki and his Xhosa-Nostra. You also might be told that the same strengths of Cosatu has won the ANC successive national elections. However, if you listen closely and to another set of people, you will hearContinue reading “What would the ANC do without Cosatu?”
Ruling Alliance breaking under the strain of corruption of “members of the cabinet and/or senior party leaders or officials”
Short of an angry and vindictive divorce you don’t really get a more serious breakdown between previous partners than described by the amazingly revealing Cosatu’s press statement yesterday threatening the end of the ruling alliance because ANC has laid disciplinary charges against Cosatu secretary general Zwelinzima Vavi. This is what the statement reveals: The powerfulContinue reading “Ruling Alliance breaking under the strain of corruption of “members of the cabinet and/or senior party leaders or officials””
DA success, Xenophobia and Malema – the hidden connections
Much is happening on the political front that I would love to be discussing here, but paid work is, thankfully, taking up my time this week. Thus the following is broad brush and a little rushed – the point I wanted to make is that the issues are all connected – in dark and unsettlingContinue reading “DA success, Xenophobia and Malema – the hidden connections”
Ancestors under the bed and behind every bush
I almost missed this, and can barely credit it, but I thought I better put a link to the story about Zuma invoking the ancestors on the ANC’s behalf. (The story is ultimately from Buks Viljoen of Die Beeld and republished online by news24.com.) It seems Zuma threatened that should your support for the ANC Continue reading “Ancestors under the bed and behind every bush”
Strike while the iron is hot
No-one can take serious issue with the leopard for pouncing down on the neck of a wayward sheep and dragging the carcass back up the rocky outcrop to her cubs for a leisurely feed. It’s what leopards do. Engaging the leopard in any special pleading about the benefits of keeping this particular sheep alive is,Continue reading “Strike while the iron is hot”
Jacob Dlamini on National Service – nobody says it better
I had been gearing up to say something snide about Defence Minister Lindiwe Sisulu’s ridiculous call for a reinstitution of national service. I know many people will instinctively approve of her suggestion. It speaks directly to our despair about the failure of the education system and the worry about the “Lost Generation”. Well, be thatContinue reading “Jacob Dlamini on National Service – nobody says it better”
Unemployment growth is a deep systemic threat
The quarterly Labour Force Survey from Statistics SA is a timely reminder of what really matters when assessing political risk associated with investing in South Africa. Julius Malema’s predations, Jacob Zuma’s extraordinary sex life, Cosatu’s and the SACP’s millennial economics would just be irritating noise, unless they relate to the country’s chronic levels of unemployment,Continue reading “Unemployment growth is a deep systemic threat”
Nic Borain 