Gwede Mantashe

Germany’s boldness vs SA’s missed opportunities: A tale of economic divergence

Kaput. That's one German word which has migrated into common English usage. It's defined as "ruined, broken, or not functioning". And it fits a lot of things here and in the world right now. Wednesday afternoon's budget, assuming there is one, will reveal the ruin in our public finances; the chronic missed growth, fiscal and revenue [...]

Budget battles and the bond market: The true cost of political posturing

"Talk is cheap, money buys the whiskey" is a true and informed adage. And this does not refer to the rise in "sin taxes" on booze likely to be introduced on Wednesday afternoon when Finance Minister Enoch Godongwana unveils his budget in Parliament. Instead, it applies to the cheap talk from various politicians. SA "will not [...]

SA’s regional supremacy, once unquestioned, is dented – perhaps irreparably

"Trump derangement syndrome" is a political condition whose etymology is traced to the late conservative commentator and psychiatrist Charles Krauthammer. He defined it, first in respect of another Republican president, George W. Bush, as "the acute onset of paranoia in otherwise normal people in reaction to the policies, the presidency - nay – the very [...]

Business leaders will have to fill the governance vacuum

Overlooking Kirstenbosch National Botanic Garden in Cape Town beside a cedar tree is the grave of its visionary founder, Harold Pearson. His epitaph, with a bow to Sir Christopher Wren, reads, “If ye seek his monument look around you.’’ Pearson, who died at just 46 in 1916, did not live to see how, more than [...]

There’s no room for optimism without action, Cyril

I keep a collection — now spilling into multiple volumes of quotations and longer articles, even book extracts — of thoughts and writings I believe have the wisdom and wit to illuminate the context and times in which we live. Many years ago, I read a profound book by David Landes, then emeritus professor of [...]

The ANC has mastered the art of doublethink, doublespeak and double-cross

George Orwell is one of the most influential political authors of the ages. Although he died more than 70 years ago, his words resonate today. In 1946, he penned his famous polemic on political pretence and hypocrisy, in his essay “Politics and the English Language”. Two events this week — the forced ejection of Eskom's [...]

Things fall apart as weak Ramaphosa channels his inner Graaff

Douglas Gibson, veteran combatant of the internecine wars that felled the once mighty, now long vanished, United Party, offered a pithy put-down on the equivocating and irresolute leadership style of its long-serving chief, Sir De Villiers Graaff. “When in doubt, Div would appoint a committee,” he recalls. Cyril Ramaphosa claimed in his state of the nation [...]

As we teeter on the brink of the abyss, the silence of big business is deafening

The cavalcade of chaos and crises confronting South Africa right now, with electricity outages a daily grim reminder of our failing state, is probably an excellent moment to roll out the tattered red carpet in Pretoria for the visiting representative of an even more failed enterprise than our own: Russia. The presence in our capital [...]

Klein Krokodil Mantashe morphs into a Gorgon in the PW Botha mould

On September 6 1966, in the assembly chamber of parliament in Cape Town, a deranged messenger, Dimitri Tsafendas, stabbed and killed apartheid prime minister Hendrik Verwoerd. Minutes later then defence minister, and later prime minister and then president, PW Botha, stormed across from the other side of the house to confront the sole member of [...]

Waiting for Ramaphosa goes from Phala Phala party to a black Christmas

The death of acclaimed film critic Barry Ronge in early July was a jarring reminder to me of how he held our English 1 class at Wits University spellbound with his wit and articulacy 42 years ago. Ronge’s lecture topic back then was “the theatre of the absurd” — at the time very voguish with its [...]

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