🔒Boardroom Talk – On Gayton, Orlando Stadium and Xenophobia

I’ve enjoyed my interactions with Patriotic Alliance leader Gayton Mckenzie over the past couple years. With his background and filter-free demeanour, the former gangster is guaranteed to court controversy, making him great value for any interviewer. Such popularity, however, does not extend to political commentators.

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Dirk Hartford applied a blowtorch to Mckenzie’s reputation in his latest contribution to BizNews Premium, taking particular umbrage over the PA leader’s xenophobic incitement. Hartford suggests the PA’s flame is dimming to almost nothing, referencing last month’s sparse 10th anniversary celebration at the Orlando Stadium.

I’m not so sure. Soweto was always going to be risky for a political party that appeals directly to the Coloured community. Mckenzie is a quick learner and he’ll take lessons from the Orlando Stadium mess. Worth rememebring is his party’s out-performance in by-elections, especially in the Western Cape where Coloureds are 53% of voters:

🔒Dirk Hartford: Gayton Mckenzie’s controversial xenophobic rhetoric

We’ll get a better view when Gayton addresses BNC#6 in March next year which will be just two months ahead of the watershed vote if the rumoured 22 May election date is accurate. Over half BNC#6’s 400 spots have been booked and paid for, pretty much all via word-of-mouth. Our marketing of the conference kicks off this week, so if you haven’t secured your ticket yet, click here for details.

Another of the 28 keynote speakers at our three day conference in March is Piet Viljoen, pioneer of the sizeable South African group that attends the Berkshire AGM. He is sure to share insights on the late great Charlie Munger at BNC#6, likely to align with those expressed over the weekend by the FT’s editorial board:

🔒From the FT: Charlie Munger and Wall Street’s ‘Magnificent Seven’

Still with investing, Mohamed El-Erian is among the smartest money managers in the world. In this excellent contribution he points to the four reasons for last month’s double digit growth in share prices:

November’s unconventional market rally sparks 2024 optimism – Mohamed A. El-Erian

Closer to home, BizNews colleague Chris Steyn continues to ‘own’ the BHI Ponzi story. She beavered away over the weekend to make sure there’s plenty of fresh info on the site today, including this one:

BHI Ponzi: The Global & Local signs come down

And finally, the FMF’s chief executive David Ansara is proving to be one of the few high profile commentators to grasp the current zeitgeist – in direct contrast to confusion that reigns in South African boardrooms. He was in top form during a powerful interview on Friday. Well worth investing 20 minutes:

UNDICTATED: Business appeasing Pretoria a disaster, NHI shows ANC ignores them anyway  

Sterkte,

Alec

 

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