Boardroom Talk – RW Johnson column confirms why MTBPS pivot IS such a big deal

By Alec Hogg.In both my post-MTBPS op-ed and Wednesday night's interactive webinar,.I opined that the truly significant story of the event was an abandonment of the ANC's long-cherished Developmental State fantasy. Not just because it has been a monumental disaster. More importantly, because those who hold power in Pretoria now recognise this fact..___STEADY_PAYWALL___.Abandoning a core concept is never easy for a political party, especially for a liberation movement, even when the concept is obviously flawed. However, slowly reality dawns and eyes open. In this case, the realisation has been aided by the direct, destructive impact on citizens' lives and Treasury's tax receipts as a direct consequence of the state's monopolies over electricity provision and logistics..In every mass movement, there will always be refuseniks. Just as the Boers had their 'bittereinders', the ANC is burdened with the SA Communist Party. This unit, for reasons best known internally, has long been regarded as a repository of much of its intellectual capacity. So it remains a force to be reckoned with..RW Johnson's superb column challenges this SACP 'brainpower' theory and also exposes the fact that, although the ANC is finally embracing economic realities, it remains a divided house. The current ruling party will continue to be so as long as its precious Tripartite Alliance remains intact..During Wednesday's lockup press conference, Finance Minister Enoch Godongwana asserted that the ANC will remain in government after 2024 either by winning a majority or by being a key part of any government formed. Perhaps. However, its Damascene Conversion to economic reality may have come too late. Add the SACP baggage in tow, any different outcomes are very possible..Roll on 2024. .SterkteAlec.Read also:.The Growing Up Budget – After the bailouts comes babelas: MTBPS 2023 webinarAlec Hogg at MTBPS: A Young Democracy maturing. At last.MTBPS 2023 in review: A mounting debt crisis and revenue shortfalls – Kevin Lings

Boardroom Talk – RW Johnson column confirms why MTBPS pivot IS such a big deal

Related Stories

Deepfakes, boiler rooms, and bully tactics – The truth about FXSI: the scam targeting the BizNews tribe

Boardroom Talk: Berkshire after Buffett, the $373bn cash pile, and refusing to chase AI hype

Boardroom Talk: BN Portfolio Mag7 shine brightly in Q1

Boardroom Talk: Tesla’s big AI leap, Sasol’s oil surge and Teledyne’s quiet dominance