For the better part of five years, our erstwhile politicians have blamed the decline in the country's fortunes on the struggles of the global economy. Like a stuck record, they've played that card for years. While there's merit in the story, as lower commodity prices have been the result of factors beyond the control of the state, it's been doubly tough because of our many self- inflicted wounds, to a point where we just roll our eyes at such statements. Looking at some of the corporate results released on the local bourse in recent weeks, it's becoming rather evident that South Africa's deteriorating macroeconomic story is going to be held up by the C-Suite as the main reason for less than stellar results. I was thinking how this environment provides some great cover for struggling companies to shift attention away from what actually may be a poorly performing management team. For now, there's much merit in blaming the current climate for a missing earnings target. There's much bla...
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