Greeting … and compliments of the season to you all. I was too busy to post here during the last few months of 2014. I had been writing and then road showing (here and abroad) an argument that suggested pressures acting on the ANC might, ultimately, save the organisation from its slow-motion collapse into whatContinue reading “Black Middle class saves our world …. and other plausible hopes for salvation”
Category Archives: Black Economic Empowerment
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”
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 …”
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”
Going into the dark
The previous post was headlined “The ANC’s surprising return to form” and it stayed as the face of this website throughout a week in which we were reminded of the nest of corruption our president emerged from. … oh yes, and a week when the ANC in parliament passed the Protection of Information Bill –Continue reading “Going into the dark”
Nationalisation revisited revisited … if you know what I mean
In case anyone was wondering if I had disappeared into the ether: I have been seriously busy and have had no time to post on the blog. If you were paying extra attention, you may have noticed that a post reviewing the nationalisation of mines debate appeared and disappeared a few weeks ago. My mistakeContinue reading “Nationalisation revisited revisited … if you know what I mean”
‘Economic Freedom’ debate rescued from hijackers
Two brief thoughts – on a rainy Cape Town Sunday: Firstly – a by-product of Malema’s (possible) retreat I have a feeling that debates ranging from mine nationalisation, land distribution and continued white economic dominance in the South African economy have just been saved from the gangsters in the ANC Youth League who have beenContinue reading “‘Economic Freedom’ debate rescued from hijackers”
Exit of BMF from BUSA?
Sitting in a lobby between meetings with resource funds in Edinburgh – they want to know about the “nationalisation of mines” call and where I think that is going. I will try and give feedback about that as I go along (London tonight and USA next week.) But meanwhile briefly: the Black Management Forum pullContinue reading “Exit of BMF from BUSA?”
African National Congress – under history’s flood
Following a previous post: The Limits of Politics I want to argue that what the ANC is becoming is less a function of the failings of its leadership and more a consequence of the titanic forces of social change. The past and present history of the African National Congress could be characterised (in shorthand) likeContinue reading “African National Congress – under history’s flood”
How revolting could we get?
Black Swans are loose upon the world: The 2008 global debt crisis, Eyjafjallajökull (pronunciation fun here), Haiti and New Zealand Earthquake, China drought, Queensland floods the political crises in Middle East and North Africa (MENA) and the Japanese earthquake/tsunami/nuclear disasters seem to prove that it is not the mundane everyday that shapes the world butContinue reading “How revolting could we get?”
Where blame lies
The raging race debate forces me to think about how we become culpable. I came across an obscene argument the other day. Perhaps you have seen something similar? It went like this: the Japanese are reaping what they have sown; the earthquake, the tsunamis, the nuclear threat and the unseasonal blizzards in the north areContinue reading “Where blame lies”
Manyi – when Race meets Class
I’ve been itching to get in my two cents worth about Jimmy Manyi’s various comments concerning ethnic minorities (here for his original statement on YouTube, here for Trevor Manuel’s robust criticism, here for the ANCYL’s counter-attack on Manuel and defence of Manyi, here for ANC Secretary General Gwede Mantashe’s implicit criticism of Manuel … “weContinue reading “Manyi – when Race meets Class”
The great South African soapie
Has anything changed? The guy in the middle is the ANC and his lying entreaties are addressed to Cosatu and the SACP while his real passion – and the furtive fumbling in the dark – are with business, global and domestic. I commissioned that cartoon in 1999 and Cathy Quickfall did a better job thanContinue reading “The great South African soapie”
Can you hear the drums?
Those who know me would expect me to profess that I would rather eat broken glass than say anything sentimental and upbeat for the sake of Christmas cheer. They would also know that I often fail: that a sort of “jolly hockey-sticks” optimism can sometimes creep into my disposition, that the studiously steely eyes oftenContinue reading “Can you hear the drums?”
Stalking Horses at the NGC
I have been sickly and trying to pay the bills. All my ‘paid for’ commentary on the NGC is done and I can finally get back to home ground where I feel more comfortable to make some wild accusations – and I will, finally, be more explicit in this post about who I think theContinue reading “Stalking Horses at the NGC”
Nic Borain 