EDITOR’S LUNCHBOX: Collapsing companies expose the myth of ethnic business bonds
Stories of Note Bytes from the digital world President Jacob Zuma wanted Brian Molefe as finance minister instead of Pravin Gordhan‚ ANC deputy secretary-general Jessie Duarte has confirmed. In an unprecedented move, Zuma has been ordered to personally pay costs for an application he brought to interdict the release and finalisation of the public protector’s State of Capture report. In My Opinion Matters of debate There’s a myth about Afrikaner capitalism; that it represents a uniquely productive form of wealth creation because it recognises the power of ethnic bonds. People say the same thing about Jewish businesses here, writes Peter Bruce. The ANC’s method of choosing leaders shows how absurd it is to allow people who represent others to vote in secret. There is nothing fair or democratic about this, writes Steven Friedman. Finding Alpha The long and the short of the markets Before the fall, Steinhoff was the seventh-largest top 40 JSE stock, accounting for about 2.5% of the inde...
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