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”

NDP defections, construction scandal gathers momentum, Ramaphosa’s uncertain future, Zanu-PF’s alledged relationship with Julius … and much much more

Herewith my latest news update as of 06h30 this morning. NDP – defections to the left and right Collusion scandal in the construction industry gathers momentum Tax Review Committee – some welcome caution Proposed legislative changes in the mining industry shows SA government’s deep ambivalence towards the sector Ramaphosa – rumours that Zuma faction isContinue reading “NDP defections, construction scandal gathers momentum, Ramaphosa’s uncertain future, Zanu-PF’s alledged relationship with Julius … and much much more”

Cosatu’s splitting headache, the ANC and DA try on new party dresses and those awful Mandelas

In high anxiety at my failure to publish here for several weeks (what with 12 days visiting fund managers in the UK and Europe and new commitments to the Daily Maverick – see here and here for the first two of those) I have decided to again post a modified version of my usually bespoke Continue reading “Cosatu’s splitting headache, the ANC and DA try on new party dresses and those awful Mandelas”

Against a dark backround … an occasional beam of light

I am struggling to make up my mind whether there really is a small accumulation of good news, clearly visible against the looming night … or if I am just desperate. Today’s Business Day story by the always interesting Carol Paton looking at Manuel and Sisulu on a stern clean up the public service driveContinue reading “Against a dark backround … an occasional beam of light”

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”

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?”

Some observations about the election lead-up

I am feeling the welcome pressure of a flood of paid work. The only drawback to this happy state of affairs is I have not been able to put as much effort into updating this website as I would like. In future I will generally be posting the quirkier side of politics and investment riskContinue reading “Some observations about the election lead-up”

Damnation … without relief

Real debates about societal problems and ways of fixing them have little to do with elections – which of necessity appeal to the most base and common human drives. What we have is a Hallmark Hell of platitudes, populism, red herrings and whining. Spare a thought for those few politicians for whom the behaviour requiredContinue reading “Damnation … without relief”

The centre holds – for now

A guest post from my friend and colleague Sandra Gordon. Sandra is a respected financial market economist and we increasingly present work as a team in what is often called “a dog and pony show” … although in our case there is some disagreement over who will be the dog and who will be theContinue reading “The centre holds – for now”

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”

Waiting for a saviour to rise from these streets*

Just when all hope flees, as the last good politician still within government leaves his/her post to join the feeding frenzy and as the last decent officials trying to do a public service throw up their hands in disgust; and as the striking workers blockade the last functional HIV/AIDS clinic and trash the streets again;Continue reading “Waiting for a saviour to rise from these streets*”

Strike – not as easy as it looks

The news media is full of toyi-toying fat people in red T-shirts blockading hospital gates interspersed with pictures of dead and dying babies. Alternatively the coverage is of other fat people in red T-shirts clutching sticks and whips trundling around, with their fat bottoms swaying, looking for pupils (bravely trying to uplift themselves by continuingContinue reading “Strike – not as easy as it looks”