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

Corné Mulder says SA could have a new government before 2029

South Africa just joined a short and unflattering list of countries facing individual US visa restrictions, and Freedom Front Plus leader Corné Mulder says he saw it coming from a manifesto launch stage days before it happened. He tells Alec Hogg why he thinks Cyril Ramaphosa's habit of avoiding decisions…
17 Sep 10AM 28 min

GG Alcock says SA's R1-trillion "informal" economy is anything but

South Africa's townships are not a side economy. According to GG Alcock, author of the Kasinomics book series, they're a trillion-rand-plus market that the country's biggest listed companies are already quietly fighting over, from Shoprite's cash-and-carry pivot to Capitec's entrepreneur accounts to Pepkor's handset financing. Alcock, who grew up in…
17 Sep 7AM 49 min

Solly Moeng: BOTH Cyril AND Mashatile are too ill to run the country

In their latest weekly chat, Chris Steyn and Political Commentator Solly Moeng talk about both President Cyril Ramaphosa and Deputy President Paul Mashatile having been declared unfit - because they are too ill - to perform official duties; the US the visa restrictions for certain - still unamed -government officials;…
17 Sep 6AM 16 min