‘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’”

Madonsela, EFF’s red beret shortage, election estimates and more

I will make a decision on the caption competition soon, but meanwhile here is my latest news update and summary – the Madonsela story continues to grow and, frankly, should be encouraged to. The Public Protector clashes with Zuma’s security chiefs On Friday state security agencies abandoned their urgent interdict in the North Gauteng highContinue reading “Madonsela, EFF’s red beret shortage, election estimates and more”

The sound coming from business about policy, especially labour policy, is hurting my head

Forgive the dearth of postings here … I was brought low by some late winter dreaded lurgy and as a result my life came to grinding halt for almost two weeks. The big story (which I will deal with later today or tomorrow)  is the astonishingly decisively manner in which the ANC and its governmentContinue reading “The sound coming from business about policy, especially labour policy, is hurting my head”

Is it time to sell South Africa ?

I am sometimes tempted to think of myself as a company analyst, with South Africa as my company,  government as management and the currency and bonds as the share price Company analysts make sell, hold or buy recommendations. Obviously a buy means the analyst believes the shares are cheap – in some difficult to determineContinue reading “Is it time to sell South Africa ?”

Are we in the predator’s labyrinth?

Nedbank chairman Reuel Khoza provides the lead headline in today’s Business Day as “warning of a rogue state future for SA”. So imagine if you could, for a moment, that you are playing a sports game. As in a dream, you suddenly realise you don’t know the rules; you don’t know how to score, who’sContinue reading “Are we in the predator’s labyrinth?”

Cosatu, the Democratic Alliance and the middle classes – is it love, actually?

Think of the various interests of classes and groups in our society as constituting an ecology in which political parties and organisations find niches to graze, hunt and be sustained. The system can change and niches shift, narrow or broaden –  and in response the denizens that live in each niche must adapt or becomeContinue reading “Cosatu, the Democratic Alliance and the middle classes – is it love, actually?”

‘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”

Cosatu’s plans for full employment

Cosatu has released its long awaited document in which it provides the facts (as it sees them) and theoretical underpinnings for “A Growth Path Towards Full Employment” – and in doing so attempts to align its views with those emanating from Minister Ebrahim Patel’s Department of Economic Planning (the Two Year Strategic Plan) as wellContinue reading “Cosatu’s plans for full employment”

Sink or swim

Here is the summary of South Africa’s performance in the Global Competitiveness Report 2010 – 2011. The highlights are mine and the seriousness of the problems is obvious.. While we quite rightly bemoan health, education and labour market failures it is interesting to note we were top ranked – in the whole world! – inContinue reading “Sink or swim”