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”
Category Archives: Nationalisation
Glacial progress in employment equity and Ronnie gets hilarious
(Note: please read Jonny Steinberg’s comments on my miscasting of the implications of the recent HSRC’s South African National HIV Prevalence, Incidence and Behaviour Survey, 2012. Jonny argues that I have taken “a story of resounding success and twisted it into a tale of alarm”. Jonny Steinberg is correct on all counts and I hope to redress myContinue reading “Glacial progress in employment equity and Ronnie gets hilarious”
Zuma’s brittle grip tightens
Early on Monday mornings I send my clients a review of the previous week’s political news which might be of relevance to financial markets. This morning I thought the issues were of more general interest. Thus … Summary: It is difficult not to see the main items in this review as connected: The ANC yesterdayContinue reading “Zuma’s brittle grip tightens”
My growing worries about the ANC’s plans for economic intervention
Remember kaleidoscopes? Basically a tube that you held up towards a light and peered through as if it was a telescope? But unlike kid’s telescopes – which, like kid’s microscopes, were blurry and disappointing and stupid – the kaleidoscope was a device of astonishing power and beauty. The point for my six-year-old self who received his first kaleidoscope for a birthday, probably,Continue reading “My growing worries about the ANC’s plans for economic intervention”
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”
Beat the dog till the owner comes out
Tokyo comes out to defend Julius Malema in the disciplinary hearing? To be followed by Winnie Madikizela-Mandela and Tony Yengeni? It is an almost too perfect reversal of Julius Malema’s own metaphor after his victory at the Eastern Cape provincial conference of the ANC Youth League in August 2010: “We will never surrender to Blade.Continue reading “Beat the dog till the owner comes out”
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”
Of course Cosatu wants to nationalise the mines!
Wouldn’t you want to have a job for life as a public servant, with guaranteed medical and benefits in a parastatal company that government would push up borrowing and taxation to keep afloat no matter what? Of course you would – any of us would … just like the Greeks did up until very recently.Continue reading “Of course Cosatu wants to nationalise the mines!”
Malema agenda in retreat
I am back from my travels where I spent much time discussing the ANC Youth League’s “nationalisation of mines” call with investors. The long and the short of my views are that I don’t think the ANC will decide to nationalise the mines at its December 2012 elective conference in Mangaung. I do, however, thinkContinue reading “Malema agenda in retreat”
Neither the best nor worst of all possible worlds
Arrived late last night in New York from London (and Edinburgh and Frankfurt) and the lag means I am only going to want to fall asleep at exactly the time it will be most unsuitable to do so. I have been travelling (for Indian owned Religare Capital Markets, where I have a new berth) withContinue reading “Neither the best nor worst of all possible worlds”
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?”
Jacob Zuma versus the ANC Youth League
Yesterday President Jacob Zuma met white farmers in the KwaZulu Natal Midlands and reassured them about nationalisation of mines and about land seizures. He said: “What Malema said is neither the ANC’s nor the government’s policy … the farming community must not be shaken by his comments.” A few moments ago the ANC Youth LeagueContinue reading “Jacob Zuma versus the ANC Youth League”
New Growth Path Framework bloodline
This is the first of three articles that look at the political and policy bloodline of the New Growth Path and the main criticisms that have emerged about the policy in the public domain over the last few days. This first post is a summary – using quotes and paraphrasing – of Ruling Alliance statementsContinue reading “New Growth Path Framework bloodline”
Pictures of a possible future
I occasionally publish slides that I have used for clients as part of my attempt to examine political and investment risks to them. Below are 3 from a presentation I delivered soon after the ANC NGC. See if you can identify all the people concerned – a sort of politics general knowledge test ( youContinue reading “Pictures of a possible future”
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 