Edition: October / December 2016
Still trying to work out how any person, subject to SA law, can get a R240m house for R8m. Please advise.
Since every man and his dog is trying to predict the consequences of the ANC infighting, more intense by the day, here’s a modest contribution:
Sooner than later, Zuma will go. He’ll be replaced by a president acceptable to the EFF so that it can be reabsorbed into the body of the beast. After the local-election results, this will facilitate an increased majority for the ANC in the next general election and curb the EFF’s embarrassing theatrics.
Relax! Even with a few harmless cabinet posts for the now-former ”Fighters”, it won’t mean a swing by the ANC to EFF ”policies”. More likely, it will mean the Malema crowd being dominated (numerically and persuasively) by talented growth-focused groupings in the ANC’s urban-based younger generation (united with the EFF in wanting Zuma out).
So, in my view, go long on the rand. But I’m not saying when.
What have these ANC groupings been doing meanwhile? They might answer as Kruschev did when asked what he was doing under Stalin.
”Waiting,” Kruschev famously replied.
Much of the ANC internal battles are about its ”soul” as morphed by Jacob Zuma, with the Democratic Alliance attempting to grab the legacy of Nelson Mandela.
The contrast between Zuma and Mandela can hardly be more vividly illustrated than by Zuma’s cabinet comprising over 70 members. When Mandela appointed his first all-ANC cabinet in 1996, there were only 25 members.
He announced that he’d ”taken into account the commitment of the government to rationalise and streamline its activities as much as practicable in order to save public funds”.
When to negotiate and when to confront? Back to the Futuregrowth imbroglio.
Can’t quite see the point of ”engaging” with the directors of state-owned enterprises, who might be as accommodating as the day is long, when the Big Director above them has an agenda all his own.
Of distant memory is the African Resistance Movement, largely comprising young whites, during the early 1960s. As an anti-apartheid protest, their acts of sabotage caused some brief electricity outages. The captured ARM members got long prison sentences.
These days, Eskom executives get salaries and performance bonuses.
In its first week of running Johannesburg, the new DA administration started work on Observatory streets:
Hold thumbs that it isn’t a sign of things to come.
A glamorous lady got into the back of a London taxi. Seriously drunk and totally naked, she told the driver that she was happy for him to stare at her.
”Actually,” remarked the business-savvy cabbie, ”I’m wondering where you’ve put the money for the fare.”