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”

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”

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 ….”

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”

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 election results were good but the cabinet … not so much

Below are my comments about Sunday’s cabinet announcement followed by my comments about the elections from a week or so earlier – a sort of trip back in time. In both cases the originals were written under tight deadlines and in both cases my initial impressions have been moderated by time, drifting towards the insipid end ofContinue reading “The election results were good but the cabinet … not so much”

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”

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”

Elections 2014, investment threats, DRC and crime intelligence chaos

Important defection from the ANC to the EFF, and the DA launches robust campaign in Soweto – but it is probably not yet enough to scare the ANC Appropriate concern grows at the Promotion of Investment and Protection Bill Stunning victory in eastern DRC is becoming a feather in Zuma’s cap …  … while theContinue reading “Elections 2014, investment threats, DRC and crime intelligence chaos”

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”