found this insane study from 1989. basically argues we're all wrong about what it takes to become 'excellent'. (uses olympic swimmers, applies to anything)

Little has been said about how world class is South African trade specific artisanry education and training, we are arguably one of the best in the world. It's a pity that society in general, still looks down on this type of training.

17.79% interest total, so a margin of ~10%?? Yirre fok, no wonder this country isn't mining or industrialising.

.in the last 10 years, we have spent an avg of 0.7% in R&D as a % of GPD, way below the 1% target set by the NDP. BTW, SA's spending is about 70% on the avg 1% continent's spend. For context, South Korea spends about 4%, while global spending avg at 2.4%. Been saying, look🧵

We need less people in finance and more people in agriculture, mining, manufacturing and construction ie the real economy. The finance bros (and I say this as a finance bro) are parasites holding the country back!!

I want to expand on this. As the phrase goes, these have been the weeks when decades happen. The post-World War 2 global order is collapsing, and with it the rules-based structure that allowed SA to focus on diplomacy & peace operations. From here on, hard power matters more.

SA Public policy is in tatters. We want to be an export economy driven by manufacturing, but we create investment opportunities in student accommodation. A 2-bedroom apartment for R14k a month in Hartfield. 😮 With such insane profits, de-risked by NFSAS & varsities, forget it.

Next guest on SMWX Clips is ANC Secretary General ANC SECRETARY GENERAL | Fikile Mbalula. Drops Sat at 9am. Ayeye! 🔥

Boy around 2021 i wrote this about Tesla valuation after a brilliant The Finance Ghost piece And it seems as if the bubble will burst quicker than i anticipated. We will be there 😊

Whatever the eventual outcome of the budget decisions Parliament makes, let us celebrate the minor victory that our MPs are taking ownership of the budget at long last. The appropriation of public money and the imposition of national taxes is a democratic decision in their hands

The Last Dance

I'm always amused when people are shocked by people doing exactly what they said they’d do. Everything that has happened over the past week was publicly announced months ago. Stephen Miran, widely viewed as the architect of Trump's trade policy, published a paper "A User’s

Theres no reason to eat a pie unless its a life and death hunger situation

The idea that developing countries can skip industrialization — and instead develop based on services — is fundamentally misguided. Except for very small countries, *every* country that has transformed its economy from low- to high-income has done so through industrialization.

THREAD: I am one of the biggest supporters of funding the SANDF. I want the SANDF to get more funding so I don't want to be misunderstood in what I am going to say. It's a fact: the SANDF is chronically underfunded. It's a crying shame that it is. BUT

Media houses have sunk so low they now defend lawlessness and try to guilt us with empathy when the law is finally enforced. Law and order should be the bare minimum but application has decayed so badly that it now feels like a violation. That’s terrifying.

The worst thing that ever happened to the hedge fund industry in South Africa was the preferance for chartered accountants as analysts and as a result portfolio managers. This has to stop. Go audit something!

Once a company in industry appoints a LLB/CA (SA) to be CEO, that company will fail. I see Ivan Saltzman, a Pharmacist by profession is stepping down @ Dischem and Rui Morais is taking over, Goodluck to the workers. The salary metrics and restructuring about to happen, sheesh

Wayno BEE was not mean to growth GDP directly. That is the Job of Macroeconomic and Monetary policy not BEE. A. Stop Austerity and raise Gross Fixed Capital Formation back to 23% as it was in 2008 under Mbeki. B. Reduce prime rate to 5%. C. Enforce the Rule of Law and good