Premium: How world sees SA – Durban’s self-made disaster is hammering the economy

Some pretty heavy stuff in your news this morning, at the bottom you'll find a sobering story about Durban from the Financial Times of London. The deadly cocktail of socialist command-and-control policies, incompetent management (eThekwini metro, Transnet) and embedded corruption (Construction Mafia, KZN ANC, Zuma) is taking a heavy toll on South Africa's economy.

On the upside, Durban is now officially the world's most inefficient port, so things literally cannot get worse. Also, Pretoria is using machetes to dismember its most sacred of cows, the State Owned Enterprises that form cornerstones of the 'Developmental State'. Relieving Eskom and now Transnet of destructive monopolies is lowering the coffin of that terrible idea into a freshly dug grave.

Plenty to absorb from elsewhere. From abroad (see below), there's chilling news out of the Philippines where son and namesake of its former dictator and kleptocrat Ferdinand Marcos, was last night elected in a landslide. It was the result of a concerted fake news sanitising of Marcos Snr's legacy. The Zuptas must be popping champagne in anticipation of a similar money-driven comeback in SA.

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