Ahead of tomorrow’s second test between the Springboks and British & Irish Lions, the must-watch video for rugby fans is Rassie Erasmus’s hour long dissection of the refereeing of last week’s game. The story leads this morning’s The Times of London’s Sports section – pushing the Olympics down the page (you’ll need to sign up to access – there’s a ÂŁ3 for 3 months offer). In an era where soccer has introduced technology to ensure rules are applied to the millimetre, Erasmus’s dissertation will surely jog rugby from relative complacency. Click on the video above – or here – to watch.
Another must is RW Johnson’s incisive reflection on Politicsweb this morning where he describes events earlier this month as “the first great insurrection against the ANC government.” KZN’s Indian community came out best, he reckons, after arming themselves in the days ahead of the unrest with “a great deal of light plane traffic in and our of Virginia Airport … bringing in ammunition and guns from all over.” It goes to the heart of the issue, as you’d expect from Johnson.
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A lot of garbage has been chucked into the public domain over this week’s Chinese tech stock plunge, mostly by the agenda-driven. Better to listen to Sean Peche of Ranmore Funds, who began warning the BizNews community about the risks in an excellent piece in 2018. Peche has repeated his concerns in various interviews with us since. Yesterday’s discussion, the recording of which you can watch here, provides a unique insight into how the Chinese foreign investment shell game operated. A game Peche reckons is now over.
Also “game over” is China’s private education boom which has provided gainful employment to thousands of online tutors around the world, including many South Africans. The article republished from the Financial Times of London highlights the risk of trying to be capitalist in a communist country. Or, as Peche emphasises, for those investing into the Middle Kingdom. In a related story, exclusive to our partners at The Wall Street Journal, to make Beijing happy the recent NYSE new listing disaster Didi Global (China’s Uber) is considering going private again.
And finally ahead of the weekend, the core holding in the BizNews share portfolio, Amazon, reported a strong set of financial results last night. However, as with similar stellar numbers from other portfolio constituents Apple and Microsoft, Mr Market wanted even more and knocked Amazon shares back 7% in after-hours trade. Rational investors will celebrate the lower entry point this offers.
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