One of the reasons why Africa has failed to develop a vibrant manufacturing sector and other markers of a modern economy is that far too many of Africa’s best and brightest see a career in politics as the best and even only way to make money, have influence, and exercise power. If the African century … Read more
I got a jolt in yesterday’s interview with Leon Louw of the Free Market Foundation. During our discussion, this deep thinker and forthright speaker described Eskom as “probably the second-biggest tragedy in South Africa after Apartheid itself.” And went on to quote research conducted by economist Dawie Roodt which concluded that with a properly run … Read more
The hefty increase in the salary of Sasol’s chief executive David Constable has elicited considerable comment. Including an outspoken piece by Johann Redelinghuys, doyen of SA’s Executive Search profession. We interviewed Redelinghuys on CNBC Africa’s Power Lunch today – click here to read the transcript of our discussion, and the article which has stirred the … Read more
Sasol’s Remuneration Committee must have considered the potential fallout before adding two thirds more to the already weighty pay packet of its imported CEO. But the Remuneration Committee of HG Dijkgraaf (chairman), Jurgen Schrempp, PJ Robertson, Hixonia Nyasulu and Imogen Mkhize were poorly advised on how to respond. Agreeing to a 68% salary hike for … Read more
If I were ever to leave the entrepreneurial way and re-enter corporate life, Johann Redelinghuys is the man I’d ask to help open the right doors. Johann, an industrial psychologist and partner at Heidrick & Struggles, is the country’s top “headhunter”. We’ve known each other for a long time. So when he invited us to … Read more