Media

Why SA cannot subsidise its way out of becoming a failing state

Chris Hattingh

16 July, 2026

South Africa is once again arguing about the Automotive Production and Development Programme (APDP). The key question is not whether this one programme pays for itself, but whether South Africa can keep subsidising firms and sectors while the basic services those firms depend on keep failing.

Why SA cannot subsidise its way out of becoming a failing state

Lessons from Cuba: when communists outgrow their own ideology

Chris Hattingh

25 June, 2026

Cuba’s Communist Party has approved the country’s most sweeping economic reforms since the 1959 revolution.

Lessons from Cuba: when communists outgrow their own ideology

South Africa cannot subsidise its way to prosperity

Chris Hattingh

02 June, 2026

Last week trade, industry, and competition minister Parks Tau told Parliament that South Africa “cannot compete in the world of the future using the tools of the past.” While he was correct on that score, he neglected to mention that his department is reaching for those exact same tools.

South Africa cannot subsidise its way to prosperity

How Joburg’s budget destroys the SARB’s balancing act

Chris Hattingh

01 June, 2026

The MPC’s use of higher interest rates to manage inflation expectations is a blunt instrument to cost pressures that are mainly government-determined, and immune to rate pressure anyway.

How Joburg’s budget destroys the SARB’s balancing act

CR's troubles - South Africa's investment case is about to be rewritten

Chris Hattingh

27 May, 2026

ConCourt ruling revives impeachment risk, testing GNU stability and reform outlook

CR's troubles - South Africa's investment case is about to be rewritten

One private security officer per 91 citizens: what that number tells you

Chris Hattingh

27 May, 2026

Every year, South Africans absorb another batch of crime statistics, shake their heads, and move on.

One private security officer per 91 citizens: what that number tells you

The R1.8 trillion question

Chris Hattingh

23 May, 2026

In his 18 May 2026 newsletter President Cyril Ramaphosa included the following statistic: South Africa’s non-financial companies are sitting on R1.8 trillion in cash reserves. The President’s appeal to the private sector is this: deploy that capital, invest locally, and help close the yawning gap between conference pledges and real economic activity.

The R1.8 trillion question

Coalition problem is numbers still buy everything

Ofentse Donald Davhie

12 May, 2026

Rebone Tau argues (“Germany’s coalition model offers lessons for SA stability”, May 8) that South Africa’s coalitions collapse because the agreements behind them are thin, vague and negotiated behind closed doors.

Coalition problem is numbers still buy everything

SA’s xenophobia problem has become a trade problem

Ofentse Donald Davhie

12 May, 2026

Violence prompts Nigeria, Ghana and Mozambique to lodge diplomatic protests

SA’s xenophobia problem has become a trade problem

Setting tripwires to prepare for political risks

Ofentse Donald Davhie

11 May, 2026

How chokepoints like Hormuz expose gaps in corporate risk readiness

Setting tripwires to prepare for political risks

South Africa’s fiscal tightrope: who is really paying the bill?

Chris Hattingh

09 May, 2026

Every year, South Africa’s national budget arrives with fanfare and political theatre. But once the speeches fade, what the numbers actually reveal is a story that deserves far more sustained public attention than it typically receives.

South Africa’s fiscal tightrope: who is really paying the bill?