Corruption arrests and Land ho!

Several posts will be attempts to catch up on relevant news, and argue why I think these are, or are not, important. This is one of those. Corruption Arrests Do the corruption arrests constitute a step change in attempts to unpick the tangled web of ‘normal state and economic activity’ from rent-seeking and the criminalContinue reading “Corruption arrests and Land ho!”

Ne ne ne Nene

The Minister of Finance, unlikely hero and protector of the public purse, has slipped precipitously in public affections as he apologised for visiting the Guptas while Deputy Minister and his son appeared to be at the centre of a scandal at the PIC, the institution for which the Deputy Minister of Finance is responsible –Continue reading “Ne ne ne Nene”

Counterrevolution and the Tiffany Smith & Wesson

The counter revolution is not gonna headline the Sunday Times That Sunday organ is a well established field of play for leaks from factions struggling for power in and around the ANC – and, just as an aside, proved itself most obliging to the whole State Capture initiative by assisting the decimation of SARS throughContinue reading “Counterrevolution and the Tiffany Smith & Wesson”

Zexit? Make me …

The last two weeks have been given over to overoptimistic outpourings of happiness. Here is the grumpy note I put out on April Fool’s Day as the aforementioned came out skipping into the park, hope reliably triumphing over experience: The Constitutional Court ruling against Jacob Zuma yesterday is another significant blow to his credibility and will reflectContinue reading “Zexit? Make me …”

Does the Gordhan correction undo the damage wrought by Nene’s axing?

You might be surprised at how carefully some people who’ve never set foot on these shores, people who are mostly blindingly clever at maths and informed to a scarily deep level about our politics and history and whose job includes trading our currency and bonds, have asked me that headline question in the last week.Continue reading “Does the Gordhan correction undo the damage wrought by Nene’s axing?”

‘Tis reasonable to hope this might be the season to be (faintly) jolly

For those who were tortured by my somnolently incoherent post last night, here is the follow up. Hopefully a little clearer. The flip-flops around the Minister of Finance leave Jacob Zuma looking weak and vulnerable. There are grounds to begin questioning whether he will see out his full term. The appointment of Pravin Gordhan isContinue reading “‘Tis reasonable to hope this might be the season to be (faintly) jolly”

Overreach – how generals, tyrants and puffed up fools implode

Business Day  this morning published an article suggesting that Nhlanhla Nene was on the verge of being shuffled out of his Minister of Finance position to some face-saving backwater. I wrote early last week in a client note: “It is widely held that the National Treasury and Minister Nhlanhla Nene have come under hostile pressure forContinue reading “Overreach – how generals, tyrants and puffed up fools implode”

The race is on …

… but it’s difficult to know who to back Thank you Mail and Guardian for publishing the story we all wanted even though you have probably broken the whole cannon of ethics in journalism. The story to which I refer, titled “Ramaphosa starts fight for top job”, was published in the print edition of the aforesaid newspaper on November 13,Continue reading “The race is on …”

The alliance is dead, Zuma’s dignity saved and SA dams on life support – and how I think I know what I think I know

I wanted to discuss something called heuristics, which refers to the way we make decisions or reach an understanding about something, especially when the matter under consideration is complicated. The word (heuristics) can mean the short cuts we take but the general field also deals with the many errors of thinking to which such short cuts canContinue reading “The alliance is dead, Zuma’s dignity saved and SA dams on life support – and how I think I know what I think I know”

That’s nothing! I remember ….

There were several times last week when I felt admiration for the protesting students, including those who crashed through the gates of parliament and, quite bravely in many cases, stood up to the SAPS’s counter attack, stun grenades and all. I admit to some brief, irresponsible, trickster elation – Loki let loose upon the world – good for them …Continue reading “That’s nothing! I remember ….”

Black Middle class saves our world …. and other plausible hopes for salvation

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”

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”

Be careful what you wish for

Listening to the EFF be the rock against which Zuma’s blithe refusal to account finally dashed itself yesterday I felt briefly elated. Gangsters! Bashi-bazouks! Yes, PAY BACK THE MONEY! PAY BACK THE MONEY! Billions of Blue Blistering Barnacles! But after a moment’s reflection I pulled myself, by the ear, back into the vehicle. “You irresponsibleContinue reading “Be careful what you wish for”

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 …”