The Big Read: Looking for someone to blame

It’s difficult to capture in a headline the essence of what is going on, and going wrong in South Africa right now.

If you were to borrow the title from the world of books, perhaps Beryl Bainbridge’s slim 1996 classic of the night the Titanic sank Every Man for Himself, would be a handy summary.

If current […]

Can Gordhan’s Black Knight survive the repeated attacks?

There is merriment on social media, writes Tony Leon, but Zuma is in a deadly serious battle for the economy as he shrugs off election losses and takes SOEs under his control.

Memes – those social media images that go viral on the internet – were in overdrive this week to herald the improbable trifecta of […]

Myeni rules with racial bean counter’s version of Stalin’s

VOLTAIRE’S Dr Pangloss believed that “all is for the best in the best of all possible worlds”.

With Tshwane now in flames, ANC ministers at war with each other and a winter of discontent everywhere, it’s hard to be a Panglossian optimist. Fear not, aside from tuning into the SABC, you can always read the South […]

The real reason Barclays is bailing out of SA

South Africa’s weakening currency means that foreign investors lose money

YESTERDAY was Super Tuesday in the primaries of the US presidential election. But for South Africa and our continent, it might be dubbed “Gloomy Tuesday”.

And yesterday Barclays Bank, which has been knocking around our neighbourhood on and off for the past 100 years, made official a […]

By |March 2nd, 2016|Finance, Pravin Gordhan, South African Politics|0 Comments

Gordhan has his work cut out saving SA from the credit junkyard

THE thinking behind Finance Minister Pravin Gordhan’s budget speech must have been partly inspired by the story of Goldilocks and the three bears. The fable of getting things “just right”, and not too extreme at either end certainly sat front and centre of last Wednesday’s effort: avoid scaring the markets with swingeing tax hikes was […]