The ANC’s stubborn commitment to an incremental transformation into a communist state will lead to national suicide
South African economy
Posted inBusiness, General, News/Politics
Eskom is bent
If Eskom is bent, what is it going to take to straighten it out?
Posted inBusiness, General
Tackle inequality vigorously to reduce racism and other social pathologies
A unique characteristic of South Africa as a society is the racialised structural inequality and unemployment inherited from the apartheid period. It was an intended and planned outcome of a warped strategy and a set of policy positions designed and rigorously implemented to achieve it. In a very weird way the outcome was hugely successful […]
Posted inEquality, General, News/Politics
A ‘good story’ to tell – for some
I must admit, the ANC’s election moniker (you know, that it has a “good story” to tell) makes me very angry – probably much more than it should. In the wake of Nelson Mandela’s death, and the feeling that we’ll never again experience such collective unity or progress as a nation, the ANC’s election spin […]
Posted inBusiness
Capitalism or socialism? We have no choice
It is not surprising that South Africans have trouble thinking straight. The poor live in a state of anxiety and insecurity, while high crime rates have led to a fortress mentality among the rich. Fear and anger permeate our opinions and shape our politics. The haves persist in the shadow of Zimbabwe’s ruin; the have-nots endure, […]
Posted inBusiness
The purchasing managers’ index: way more interesting than the Oscars
Last week’s post looked at a measurement of fear in the financial market. This week we’ll turn our attention to a broader measure of future economic prospects, the purchasing managers’ index (PMI). During its heydays in the 1960s, manufacturing accounted for a quarter of South Africa’s gross domestic product (GDP). The sector has since declined, […]