It is possible that cooking oil prevented more looting in South Africa in the last week than the president, the ANC, the intelligence community, the army and the police combined. This, without question, says something about the versatility of the product. It says even more about the state of the state. When you are shown up by canola, you might want to revisit your strategy.ByHoward Feldman
Telkom has announced that its CEO and executive director Sipho Maseko will step down on 30 June 2022. The telecoms company said the process to appoint a successor is well underway and a designated group CEO will be announced in the not too distant future.
Performance Media across Search, Social and Programmatic platforms is the single fastest growing area of digital media in South Africa. Combine that with the detailed analysis of campaign management, tagging and ad operations, and it becomes apparent that these highly specialist functions require a highly specialised unit.
The Transnet Port Terminals website has been hacked, implying that all companies under Transnet have been affected. All Transnet websites were down at the time when reporting was done for this SA Trucker article. The publication cited sources who requested to remain anonymous because they are not allowed to speak to the media.
"For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath." - New Testament (Matthew 25:29)
Good things go together
As the Matthew principle above implies, winners tend to win, and, well, losers tend to lose. Life is unfair like that. Popular people are, well, popular. Wealth is like that. It’s far easier to make money if you have some money to start with. Business is unfair like that. We all like to work with and for successful people, businesses and brands. Politics is like that too. Nations that are rich, peaceful, free and democratic also tend to be happy and healthy. Good things tend to go together.
And - not or
The book I was asked to review this week, Democracy Works, by Greg Mills, Olusegun Obasanjo, Jeffrey Herbst, and Tendai Biti, published by Picador, only drives that point home.
This book looks at the chicken and egg situation of democracy and development in Africa. It makes a convincing case that African nations should not have to accept the dangerous idea that they have to accept a trade off and choose between either democracy but with slow, unequal economic growth on one hand; or faster development but driven by a more authoritarian, totalitarian state or ‘strong man’ on the other.
In fact, the authors suggest, quite the opposite: democracy and development, that is economic and social freedom are compliments not in conflict with each other, but reinforcing each other. We don’t need to choose between the two, we can, and should opt for both in parallel.
These points were echoed by Perth Tolle, the Founder of Life + Liberty Indexes, an exchange traded fund index that uses a unique ‘freedom weighting’ system to rank the inclusion and weight of various nations for investors - who I had the pleasure of interviewing recently. Perth’s research has clearly found that countries with higher freedom scores - based on things like democracy, strong institutions, property rights, freedom of speech and even physical safety - also have higher economic growth than nations without lower freedom scores.
The winners take it all
As Abba put it so succinctly - “the winner takes it all, the losers standing small”.
Flourishing is a package deal. There is no economic justice without social justice. There is no social freedom without economic freedom. Not only can we have it all, we have to have it all. The alternative is to lose it all, and who wants that?
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