ISMAIL LAGARDIEN: Economic logic of the governing alliance does little for investor confidence

It’s getting tedious to write or even comment about the failings of the governing alliance. It’s just as well I am not terribly interested in domestic or national politico-economic matters.

Those who have recast themselves as performance economic justice warriors are no different. Here is something you tell a toddler: be careful with the way you use words. Words have meanings. Words can cause hurt or harm. And so you get to former/still ANC secretary-general Ace Magashule, who once overheard a conversation about quantitative easing and repeated the words when he clearly did not know what he was talking about.

The ratings agencies, the Bretton Woods institutions and the Bank for International Settlements, among many others, have the power to “certify” countries, and they use that power. This brings us to the latest exercise in logic and wisdom. It comes from no other than the radical economic transformation faction, and the poisoned well of crackpot economics.

Though business people will almost always try to corner markets or circumvent ethical considerations , they generally seek political stability, economic certainty and returns on investment, and are deterred by corruption, especially among political office bearers.

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