The Daily Insider: Even worse than a greedy capitalist is an ignorant bureaucrat
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The Daily Insider: Even worse than a greedy capitalist is an ignorant bureaucrat

Earlier in the week, I pointed out how ArcelorMittal (AM) shareholders enjoyed a ten-bagging 2021 primarily due to the lobbying efforts of the Indian-owned company. A construction professional dropped me a note to confirm why users of the steel maker’s products are at the opposite end of the spectrum. He wrote: “A cursory look at…

The Daily Insider: Wise words worth repeating from SA’s famous novelist
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The Daily Insider: Wise words worth repeating from SA’s famous novelist

Am indebted to BizNews tribesman Simon Ellis for a cutting from my Money Meandering column of a decade back for The Witness, our local daily newspaper while we farmed in the KZN Midlands. This one was written shortly after I’d interviewed SA’s famous novelist Wilbur Smith, 78 and “feeling immortal”, then still at the top…

The Daily Insider: PRASA board fires suspended CEO Kgosie Matthews
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The Daily Insider: PRASA board fires suspended CEO Kgosie Matthews

Got David Williams back into our virtual studio yesterday to discuss the latest chaotic developments at PRASA, where suspended CEO Kgosie Matthews has now been fired by the board. Williams is an author, researcher and editor with a passion for SA’s railways. The recorded video of a conversation we had on Monday was the most…

The Daily Insider: Troublesome Omicron variant entered Botswana from outside
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The Daily Insider: Troublesome Omicron variant entered Botswana from outside

It was always rather strange to me that the Omicron variant originated in Botswana as assumed by the world’s knee-jerking politicians and their friends in the media. BizNews community member Barine Steynberg yesterday sent me the answer via LinkedIn. Consider this: there are just 2.3m citizens of the landlocked country. That’s 0.03% of the global…

The Daily Insider: A timely reminder from Marcus Aurelius in times of crisis
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The Daily Insider: A timely reminder from Marcus Aurelius in times of crisis

So, a new strain of Covid has thrown us back into the tumult of uncertainty. Bureaucrats in the UK, US and dozens of other countries have isolated South Africa because the Omicron variant was first identified here. The Rand immediately lost 50c against the Dollar. Wall Street fell sharply on Friday night. Times like these…

The Daily Insider: Shell is about to unleash havoc along the Wild Coast
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The Daily Insider: Shell is about to unleash havoc along the Wild Coast

I was moved by my old pal Peter Bruce’s column in the Sunday Times last weekend where he urged us to boycott Shell. He explained that the Anglo-Dutch multinational is about to unleash havoc along the Wild Coast through the way it will be exploring for oil and gas. Peter grew up in the area, so…

The Daily Insider: Let’s pray SA’s political parties will show true leadership
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The Daily Insider: Let’s pray SA’s political parties will show true leadership

Every so often, life reminds us of our mortality. A car accident. A family member’s passing. Memories of tragedies whose wounds seem healed but never will. Such events urge us to reflect. To rebalance. To observe whether we’re really living our very best life. I’ve never forgotten a leadership guru’s presentation years ago where he explained…

The Daily Insider: BizNews Wine Club celebrates Andrew Gunn’s Iona
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The Daily Insider: BizNews Wine Club celebrates Andrew Gunn’s Iona

At BizNews, we love partnerships. Like the one with SA’s wine queen Carrie Adams, whose passion for the subject reminds me of my colleague Clive Eksteen’s for Liverpool FC. Carrie writes a weekly newsletter for wine lovers – it’s free, subscribe here. Yesterday the BizNews Wine Club celebrated news that our very first partner, Andrew Gunn’s…

The Daily Insider: Investors will be reflecting carefully on Enoch’s debut budget
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The Daily Insider: Investors will be reflecting carefully on Enoch’s debut budget

Foreigners with South African investments will be reflecting carefully on yesterday’s debut budget by new finance minister Enoch Godongwana. I’ve a feeling they’re going to like what he said. Not because he provided fireworks. Rather, it’s because he didn’t. For investors, boring beats excitement every time. Especially if “boring” comes from a rational space, one…