UNDICTATED: Firing Cadres won’t fix Transnet while Pravin still runs show

Loading player...
Long-time property developer Francois Nortje has a vested interest in the country re-establishing its once-efficient logistics network. Then again, given its massive on the national treasury, so do all South Africans. However, we’re observing that the SACP/ANC government seems to misunderstand that simply firing the cadres it deployed at Transnet is not its silver bullet. In this interview with BizNews editor Alec Hogg, Nortje explains why Public Enterprises Minister Pravin Gordhan, at 74, is a significant part of the problem. There’s no disputing Gordhan’s massive contribution to the nation through his successful turnaround of SARS and steadfast resistance to the Zuptas. However, when it comes to managing an enterprise — be it public or private, Eskom, Transnet, or SAA — a communist, no matter how smart or well-intentioned, is operating far outside their circle of competence. The evidence suggests the only lasting solution to the ongoing Transnet disaster lies in a radical transformation of ANC leadership’s thinking, not in doubling down on the long-failed fantasy of a “Developmental State.” Given its track record, this approach, to paraphrase Albert Einstein, is insanity.
6 Oct 2023 8AM English South Africa Investing · Business News

Other recent episodes

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min

Parliament faces protest over lagging legislation for a provincial referendum

In this interview with Chris Steyn, Heindrich Wyngaard, the executive chairperson of Cape Forum, details plans for a protest outside the National Assembly next month over the long wait for appropriate legislation to enable a provincial referendum . “And we are also planning to be present at that Home Affairs…
23 Jul 9AM 18 min