BRUCE WHITFIELD: The noise is doing the damage
Populist rhetoric is drowning out much of the good work being done to try to restore clarity to the South African situation
There really is never a dull week. What's increasingly tricky is distilling the difference between the noise that matters and that which should simply be ignored. Treating every bit of chaos as a threat to your financial wellbeing is enough to make even the most ardent optimist reach for a pack of razor blades. After launching the value-destructive third draft of the mining charter, Mineral Resources Minister Mosebenzi Zwane claimed this week he had the full support of the top six in the ANC. Clearly, someone forgot to alert the National Treasury, and Deputy President Cyril Ramaphosa, who counselled the Department of Mineral Resources to negotiate a settlement with the industry, appeared equally out of touch. We should also be concerned that Finance Minister Malusi Gigaba, in attempting to pick up where his predecessor left off three months ago, failed to woo London investors. They remain befuddled by government's disjointed and destructive economic policy approach. None of it would...
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