Daily Insider: Idiocy of SA’s strike including monopoly with no contingency plan

LATEST ON BIZNEWS RADIO (on iTunes): "We cannot get our food out of our ports" – Agri expert Dr Theo de Jager (Click here for Spotify).LATEST ON BIZNEWS.COM:.Move to Cape Town – cool, but do so at your own riskRinging the bell on Ramaphosa's reality – Sara GonPro-vax Vegter is on the wrong side of historyFDA's authorisation of untested bivalent boosters for children aged 5+ a "criminal experiment"UPDATED: Fury over Dis-Chem's 'no more whites' hiring policy – memo retracted"We cannot get our food out of our ports" – Dr Theo de Jager on TransnetReal estate investment in Porto with the benefit of residencyRight in front of the kids – Jeremy GordinInflation and interest rates: What investors need to knowRebuilding trust in a small KZN midland community after the riots – Love NottiesTransnet concludes three-year wage agreement with majority union, UNTUWhat's behind 2022's wild ride?Magnus Heystek: February's probable greylisting of SA likely to spark a run on currency, shares, bonds (Archives)PANDA's final 'bear hug' for 'Slim' Karim (Archives).NB: Getting this newsletter second hand? Click here for your own copy. It's free and takes under a minute..A BizNews tribe member who is a farmer, rightly took me to task after I opined last week that in the long-run, the Transnet strike was a good thing. Pretoria's move last year of bringing the private sector into the rail and port networks was prescient, I thought, so the benefits of a more efficient system will soon unleash pent up energy..On the one hand, there can be no doubt Transnet's strike puts the final nail into the ANC's ridiculous "Developmental State" fantasy. After the spectacular implosions of SAA, Eskom and now Transnet, the lunacy of State-run monopolies is unquestionable. These disasters staffed by over-fed cadres will no longer be able to hold the SA economy hostage. That's progress..The problem, however, an implosion on this scale causes massive collateral damage. So instead of being excited about the potential of the future, far more important right now is to minimise the destruction. Capital is cowardly. Every rand lost today as idiotic economic policies unwind, will still take years to attract back into the system..Yesterday I interviewed Justin Mudge, a blueberry farmer and chairman of BerriesZA. What infuriates him most is Transnet had no contingency plan. Zero. And how there is no alternative for exporters. So while bureaucrats scored points against trade unionists, billions was lost as crops rotted in the fields or near SA's harbours. If you thought education was expensive, try ignorance..The man who said Ukraine would win – with insight from The Wall Street JournalLiz Truss under threat: How UK Tories get rid of their leadersBoardroom Talk: Taking wraps off BNC#5, our 'Berg conference that's switching to only once a yearThe time to buy the dip in US stocks is fast approachingHow to get your public-speaking mojo back – with insight from The Wall Street JournalCompany documents show Meta's flagship metaverse falling short – with insight from The Wall Street JournalFinancial Times perspective: Disease and war are shaping our economy.World class Kokkie Kooyman of Denker Capital on 'greylisting' – and the bank shares to buy now.To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: Idiocy of SA’s strike including monopoly with no contingency plan

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