LATEST ON BIZNEWS RADIO iTunes: EXPLAINED: Former Jhb mayor turns to courts to overturn ANC ‘coup’ (Click here for Spotify)
LATEST ON BIZNEWS.COM:
- “There’s no emergency” – dissident climatologist Dr Judith Curry on the ‘manufactured scientific consensus’ on climate change
- From the archives: Lesufi takes the gap in Gauteng
- Claims and counterclaims on Covid-19 ‘conspiracy’
- EXPLAINED: Former Jhb mayor turns to courts to overturn ANC ‘coup’
- Strike action adds to port and rail logjam
- Go for local shares, avoid offshore – Corion’s David Bacher makes a big call after September’s “brutal” market fall
- SA government leaves private health sector in the dark
- Understand the different types of industrial assets
- Smokers are going to smoke, they should at least be given a choice to opt for harm reduction
- How to maximise long term investment returns by overcoming cognitive bias
- Capitec CEO Gerrie Fourie on EasyEquities, disrupting the cellphone market and more
- De Ruyter – promises, promises – power cuts to ease in fortnight
- MAILBOX: Dr Aseem Malhotra and the vaccinated – better late than never
- Twitter shares soar as Musk proposes closing initial deal
- KZN has no problem nominating disgraced Zweli Mkhize for ANC president
- Markets are stuck in overreaction mode – with insight from The Wall Street Journal (Premium)
- Boardroom Talk: Philosopher Agrizzi explains how bribery can be used to make man beholden for life (Premium)
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We’ve made some big changes to the BizNews Premium offering over the past few weeks. And have quite a few more in the pipeline.
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Best,
Alec
Boardroom Talk (Oct 4) – Warning for SA as most Brazilians want openly corrupt President Lula back in office
Watching the Brazilian Presidential election unfold is sobering for South Africans. Barring a massive turnaround in the second round of voting, on October 30 that country will re-elect Lula da Silva who presided during the Operation Car Wash corruption frenzy. A plunder which led to dozens of politicians and businessmen being jailed. Including Lula himself.
Brazilians seem to be telling the world even though they know former President Lula is openly corrupt; even though his Leftist Party fleeced the public purse for their own nefarious ends; even though Lula promises to tighten control over State-owned Petrobras, Operation Cash Wash’s Ground Zero – they still want him back. Because he shares the spoils.
In short, Lula’s supporters say he has “a good heart” and love that he showers them with unaffordable social benefits. These Brazilians, mostly poor, either lack the economic understanding of the dystopian future Lula’s approach will deliver. Or just don’t care that debt-fueled instant gratification is a mortgage their children are certain to inherit.
Locally, opinion polls suggest the majority of South Africans may finally have tired of what Helen Zille describes “without hyperbole, as the criminal syndicate called the ANC.” But when 2024 arrives, will citizens actually vote the ANC into oblivion? Or, like the Brazilians, favour a corrupt political party because it postpones an ever-worsening day of reckoning?
A must watch investment debate between master fund managers Cy Jacobs of 36ONE and Piet Viljoen of Counterpoint at the BizNews Conference #4. Topics under the hammer included differing investment principles, performance fees and how to position your portfolio post-2024.
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