Boardroom Talk: Scottish bid for independence kicks off in court, Cape secessionists are watching.

Lukanyo Mnyanda, recently departed editor of Business Day, penned a fascinating story from Edinburgh published yesterday by his new employer, the Financial Times. It focuses on Scotland's continued agitation for independence. Motivations expressed by Scotland's first minister Nicola Sturgeon are sure to resonate with the Western Cape's secessionists..She leads the Scottish National Party (SNP) which holds 64 of the 129 seats in the Scottish Parliament (it rules in coalition with the Green Party which has 7 seats). The SNP is campaigning for a second referendum on Scottish independence after a 55-45 loss in 2014. Scotland has been part of the UK for 315 years..Sturgeon says the SNP's strong showing in Scotland's 2021 election was a mandate for a second independence referendum. This reflects a sharp swing in Scottish sentiment after Brexit forced it to leave the EU (55% of Scots voted to remain). The SNP is petitioning the UK Supreme Court to overturn Westminster's blocking of another vote. The case starts today..___STEADY_PAYWALL___.The SNP leader is arguing that the UK was founded on "a voluntary partnership of nations". Which, she says, means leaving the Union should also be voluntary. That argument is sure to be closely monitored by the Cape independence lobby. Not least because SA's own Union in 1910, was "voluntarily" created between two colonies and two independent republics. .More for you to read today: .September's Stock-Market Woes May Bode Well for October. October's reputation as a 'bear killer' may be more than a historical fluke. Policy Tensor: Notes from a Nuclear Crisis. A remarkable pivot on US Russia policy.World's Emergency-Lending Capacity Is Getting Stretched as Crises Deepen. IMF, World Bank significantly ramped up lending in past two years; now Fed rate increases, inflation are hammering poor countries. Here Are the Few Stock-Fund Managers Who Managed to Post Gains Over the Past Year. The winning manager believes that we're in the midst of a massive economic and market transformation. .Magnus Heystek: Feb's probable Grey Listing for SA likely to spark run on currency, shares, bondsFiercely independent financial advisor Magnus Heystek has turned even more bearish on SA assets after taking a deep dive into researching implications of a threatened 'Grey Listing' of the country's financial system in February 2023. Heystek says such action has never before been applied to a country of South Africa's size and consequences are likely to be dire. He reckons it could be similar to the massive fallout experienced in December 2015 with Nenegate which, he says, started the slide into SA's precarious position. In this sobering interview with Alec Hogg of BizNews, Heystek says the likely Grey Listing trumps all other factors for investors weighing up their options – and urges them to adopt an even higher offshore weighting for their savings. .NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our helpdesk can assist –support@biznews.com.

Boardroom Talk: Scottish bid for independence kicks off in court, Cape secessionists are watching.

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