A good week

It’s a multibillion-rand gamble, but kudos to Standard Bank CEO Sim Tshabalala and his team for doing what Standard probably should have done years ago: fully own its Liberty mistake. That’s not to say there’s not a good business there, nor is Standard paying top dollar for the insurance asset — even with a 40% premium, Liberty stock is nowhere near its historic highs. It’s also a chance to right the ship away from prying eyes. And if it doesn’t work out, there’s always the trusty old accounting write-off.

A bad week

We’re doing mental gymnastics trying to figure out what "responsible looting" looks like. Walk with your freshly stolen TV, don’t run? Leave that six-pack for the next guy? Verily, the mind boggles. Top marks for coining a new phrase — it could well be the manifesto for his much-touted ANC presidency campaign — but Duduzane Zuma has again effortlessly demonstrated how he shouldn’t be anywhere remotely near policy-making. As for dirty ANC politics, he is, you might say, to the manor born.

Companies in this Story


Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.