Numsa, Cosatu, the ANC, the SACP and all of that jazz

I have been completely taken up with a project (now completed) that argued that the black African middle-class was our single biggest asset and the workings of the interests of that class in the world would save our politics and help our economics. Yaay! The basic argument looked at the defection suffered by the ANC inContinue reading “Numsa, Cosatu, the ANC, the SACP and all of that jazz”

Lesotho, Guptas, Jacob’s Ladder, Julius huffs and he puffs but he doesn’t blow the House down, Cyril’s hard week down at the commission …. and so much more

Here are some bits and pieces I highlighted for investors over the last few weeks. Thanks as always to BNP Paribas Cadiz Securities for allowing me to republish these snippets here … it is also a touch more information that most people require, but I post it here for the record, if nothing else. IContinue reading “Lesotho, Guptas, Jacob’s Ladder, Julius huffs and he puffs but he doesn’t blow the House down, Cyril’s hard week down at the commission …. and so much more”

Hold fast comrades – the Thatcher-lites are upon us

I intend, in the near future, to dust off my Marxist theory.* I am going to need a framework through which to express my growing conviction that much of our politics can be understood as a function of the collapse of the alliance of classes that underlay the national democratic revolution – and the African National Congress. The bigContinue reading “Hold fast comrades – the Thatcher-lites are upon us”

Numsa strike catch up

For the record – and on the off chance that  someone may one-day want some background on the (at time of writing) unresolved metalworkers strike – here are the bits and pieces I have published over the last two weeks; ordered from most recent at the top. The piece from the eve of the strike was writtenContinue reading “Numsa strike catch up”

Strike out, the presidential health, SONA2014#2 and EFF and the landed gentry gets a finger wagged in its direction

Some humble and not so humble opinions on various snippets of recent and not so recent political news. Platinum strike finally over Amcu and the platinum producers announced a settlement on Tuesday. The industry reports the strike cost producers R24-billion in lost revenue and the workers R10.6-billion in forsaken wages (see the pro-industry website here for other data.) SoContinue reading “Strike out, the presidential health, SONA2014#2 and EFF and the landed gentry gets a finger wagged in its direction”

Now is the winter of our discontent …

… which I entirely doubt will be made glorious summer by this sun of KZN when he gives his 5th nth State of the Nation Address this evening. I am not, as my children might have said, very amped for this. The only ray of light so far (I am watching on eNCA) was a brief interview with FloydContinue reading “Now is the winter of our discontent …”

‘Learn to stand up and lie like white men’

There is something strangely compelling about Chris Griffith’s now infamous comments about his salary and perks – published in Business Day last week. Remember these are the words of the CEO of Amplats, the biggest platinum company in the world. It cannot have escaped your notice that a bitter and grinding strike throughout the South African platinum sector is entering its 17th week. TheContinue reading “‘Learn to stand up and lie like white men’”

The looming threat of the proto-fascist, demagogic, hybrid neo-Stalinist business unionists, ethnically-tinged vigilantes and the preachy capitalist philanthropists

I am up to my neck in it, trying to tease out the main implications and trends of the election – in a way that might be useful to investors in our financial markets. As part of the process I read everything I can find that has been written about the elections. I have just readContinue reading “The looming threat of the proto-fascist, demagogic, hybrid neo-Stalinist business unionists, ethnically-tinged vigilantes and the preachy capitalist philanthropists”

Madonsela, Manuel, Mining and other things that are not quite what they seem

Herewith some of my latest news updates. (Just as an aside before I start: I couldn’t help but smile at Richard Poplak’s seriously over-the-top take on the Nkandla report in Daily Maverick this morning: “But Madonsela has certainly nailed Zuma to history’s grimiest post—he will be forever remembered as a thief, a fool, and a Zulu man whoContinue reading “Madonsela, Manuel, Mining and other things that are not quite what they seem”

The very fat goose, the socialists* party, all Zuma’s bets are on the NDP, mining companies show some fang and much much more

I am on my way to London to speak to the funds that buy and sell South Africa’s corporate and government bonds i.e. the market that sets the price at which the world is prepared to lend us money. Daily I become more convinced that the South African political economy is, like quick clay “so unstableContinue reading “The very fat goose, the socialists* party, all Zuma’s bets are on the NDP, mining companies show some fang and much much more”

Our Maggie moment

The Numsa exit from the alliance is a natural consequence of what appears to me to be a ‘Maggie Thatcher moment’ in South African politics. (This is a loose characterisation and it purely means that I believe there is evidence that government is taking a much harder line with the union movement and is backingContinue reading “Our Maggie moment”

EFF off and DA

“How seriously to take the EFF is becoming the question of the year for a view on South African political risk” As I listened to Pravin Gordhan’s budget speech I thought I would share with you an extract of my news commentary from Monday morning. But I forgot to hit ‘publish’ as I was beingContinue reading “EFF off and DA”

Outlook 2014 – and other messages from the future

I have been agonising over whether to keep this website going –  or to consign it to the wastelands of the interwebs there to wander mournfully, accumulating lurid advertisements for secret ways of getting rid of belly fat and invitations from young, beautiful and lonely people, in your area, waiting by their phones for a call from you. AfterContinue reading “Outlook 2014 – and other messages from the future”

Gordhan (the good, the bad and the ugly), DA succession, Cosatu split looking more likely, Zuma’s delightful gaffes … and much more

As promised some comments on the politics of Pravin Gordhan’s medium-term budget … but first forgive me for expressing some of my irritation at two of his (Gordhan’s)  recent statements. That will be followed by some of  the bits and pieces I found interesting in the weekly newspapers – if you didn’t see the ‘Zuma gaffes”Continue reading “Gordhan (the good, the bad and the ugly), DA succession, Cosatu split looking more likely, Zuma’s delightful gaffes … and much more”

Strikes, Alliance shenanigans and the very criminal justice system

Herewith an extract from my recent political news update. Strikes – turbulence as the cycle hits the secular trend Num (the National Union of Mineworkers) has served notice on the Chamber of Mines (COM) of its intention to strike across the gold sector, beginning with the Tuesday night shift this week. Num represents 72,000 ofContinue reading “Strikes, Alliance shenanigans and the very criminal justice system”