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”
Category Archives: Finance
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”
ANC savaged by a duck – and other matters of national importance
Some of my recent news coverage and commentary: E-tolling and the DA’s cruel billboards Last week Jacob Zuma signed into law the Transport Laws and Related Matters Amendment Bill – meaning the unpopular e-tolling can begin on certain Gauteng highways. I was impressed that the President did the necessary – despite the fact that thisContinue reading “ANC savaged by a duck – and other matters of national importance”
Greeting – and a few thoughts of home – from Belgrade
I am in Serbia on a social visit and I thought I would record here some of my initial observations about stuff we might learn from this country about some aspects of SA politics and culture. Cultural Betrayal Firstly, I am in Belgrade – a city of 1.6 million people built on the confluence ofContinue reading “Greeting – and a few thoughts of home – from Belgrade”
Therefore send not to know for whom the bell tolls – it tolls for free
I think the e-tolling saga is important precisely because my headline bastardising the denouement of John Donne’s famous poem is, in truth, wrong. Gauteng’s road upgrade does not come for free. The R20bn was borrowed by Sanral and lent by people and institutions (which) who assessed the risk attached to repayment on the basis that e-tolling wasContinue reading “Therefore send not to know for whom the bell tolls – it tolls for free”
Nic Borain 