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The market sets failing leaders right

Big Capital shows in a market economy no leader can do as he pleases, writes Phakamisa Ndzamela

• Tools & Services
  Calculators Multimedia
• In Depth
  Budget 2015 Growth Engines Brics Nelson Mandela 1918-2013 Understand your country. Or lose it Election 2014 Dialogue: Renewable energy Peter Bruce Interviews Accenture Innovation Index Awards

• Home
• National

  TOP STORY

  

  Markets calmer after Gordhan takes charge

  Rand recovers from historic low as new finance minister reassures on spending targets

  Politics

  • What ghost convinced Zuma to do the flip-flop?
  • DA wants early sitting of Parliament to discuss vote of no confidence in Zuma

  Media

  • New Press Council system includes online publications
  • SABC to welcome back chief operating officer

  Labour

  • NUM tackles Eskom on coal contract renewals
  • SA’s formal sector adds 7,000 jobs in third quarter

  Science & environment

  • Solar power takes off in California with third parties leasing panels cheaply
  • Untimely carbon tax will retard industry

  Law & constitution

  • LAW MATTERS: Poorly drafted laws enough to test anyone’s nerves
  • EDITORIAL: Ipid ruling strikes a blow for independence

  Education

  • Gender wage gap handicaps female MBA enrolment
  • Colleges can be hotbeds for unlocking growth potential

  Health

  • Foot and mouth disease outbreak in Limpopo under control, says department
  • Health costs dismissed as a thumbsuck

  Opinion

  • A road map for SA to get out of rut
  • Tragedy of education set for repeat in unhealthy farce

  Columnists

  • What ghost convinced Zuma to do the flip-flop?
  • Biases that skew our thinking
• Africa

  TOP STORY

  

  Tiger sells Nigerian business for $1

  Economist says deal shows ‘South Africans totally naive in negotiating outside our own borders and have been taken for a ride’

  African News

  • Zanu (PF) endorses Mugabe for 2018 polls
  • Ghana’s ‘Apostle’ realises his dream of a homegrown vehicle brand
  • Gambia president declares country an ‘Islamic state’
  • Burundi cuts spending and foreign aid set to halve amid unrest
  • Central African Republic votes in crucial referendum

  African Business

  • Nigeria on track to revitalise stalled automotive sector
  • Travel risk surveys downbeat on Africa
  • Tiger sells Nigerian business for $1
  • Tiger Brands reaches agreement with Dangote to exit troubled Nigerian unit
  • Cheap devices and African market to power global smartphone growth
  • Mozambique caps overseas credit-and debit-card spend

  African Perspectives

  • Tunisia’s Nobel win a lesson in civil negotiation
  • No doubt that Africa needs what China offers
  • Can old faces bring true change to Burkina Faso?
  • Hold on to your hats – next year will be a rocky ride for Africa

  African Leader
• World

  TOP STORY

  

  Kerry and Lavrov meet to seek common ground on Syria and Islamic State

  US Secretary of State John Kerry is in Moscow to hold talks with Russian counterpart Sergei Lavrov and President Vladimir Putin

  Africa

  • Tiger sells Nigerian business for $1
  • Nigeria on track to revitalise stalled automotive sector

  Europe

  • Kerry and Lavrov meet to seek common ground on Syria and Islamic State
  • VW left in the dust as European car sales soar

  Asia-Pacific

  • Samsung’s design-patent feud with Apple is not yet over
  • Chinese environmental group sues VW over emissions scandal

  Middle East

  • Kerry and Lavrov meet to seek common ground on Syria and Islamic State
  • Saudi forms anti-terrorist coalition

  Americas

  • Kerry and Lavrov meet to seek common ground on Syria and Islamic State
  • Adjusted measures tend to paint rosier picture of corporate earnings

  Opinion

  • Untimely carbon tax will retard industry
  • Window into a world of bad taxes

  Columnists

  • ON WORK: Introducing Guffipedia, an outlet for victims of drivel
  • LINDIWE MAZIBUKO: Young political leaders must seize the moment
• Opinion

  TOP STORY

  

  A road map for SA to get out of rut

  During a recent visit to SA Joseph Stiglitz, one of the world’s foremost economists, spoke to Ben Turok about options for SA’s economic future

  Editorials

  • EDITORIAL: Nene axing a lesson for Zuma
  • EDITORIAL: Tread carefully in a minefield

  Columnists

  • PHAKAMISA NDZAMELA: The market sets failing leaders right
  • AUBREY MATSHIQI: What ghost convinced Zuma to do the flip-flop?

  Letters

  • LETTER: SA needs Rainbow Nation leader
  • LETTER: Brave men, stand up

  Polls

  Third Umpire

  Cartoons
• Markets

  TOP STORY

  

  JSE higher as market attention turns to Fed

  Local bourse is higher at midday on Tuesday as US Federal open market committee prepares for last and most anticipated meeting for year

  More News

  • JSE higher as market attention turns to Fed
  • Bonds slightly firmer as Fed rate decision looms
  • Rand at firmer levels as market eyes US rate hike

  JSE Today

  All Share

  48298.95

  0.45%

  up

  Top 40

  43595.64

  0.41%

  up

  Financial 15

  14382.15

  1.01%

  up

  Industrial 25

  69168.05

  0.47%

  up

  Resource 10

  23386.94

  -0.90%

  down

  All data is delayed by 15 min.
  Data supplied by Profile Data

  Commodities

  Gold US$/oz

  1063.16

  0.25%

  up

  Platinum US$/oz

  853.29

  0.67%

  up

  Silver US$/oz

  13.72

  0.29%

  up

  Palladium US$/oz

  553.5

  1.29%

  up

  Brent Crude

  38.53

  2.04%

  up

  

  All data is delayed by 15 min.
  Data supplied by Profile Data
• Economy

  TOP STORY

  

  Industries’ total turnover up in third quarter

  Statistics SA quarterly financial statistics show increase in turnover in seven of eight industries covered by survey as economic growth picked up modestly

  More News

  • SA’s formal sector adds 7,000 jobs in third quarter
  • October leading indicator points to dim growth prospects
  • Markets calmer after Gordhan takes charge
  • NEWS ANALYSIS: Heed the warning signs or malaise will persist
  • Fitch still unconvinced concerning outlook for South African economy

  Economic Indicators

  Petrol price

  R13.26

  -0.51c

  same

  Repo rate

  6%

  0.25pp

  same

  Prime rate

  9.25%

  0.25pp

  same

  CPI (July)

  4.7%

  0.1pp

  same

  PPI (July)

  3.7%

  0.1pp

  same

  Last updated on August 28 2015

  Opinion

  • A road map for SA to get out of rut
  • EDITORIAL: Tread carefully in a minefield

  Columnists

  • SAM MKOKELI: Gordhan’s return puts a bell on big cat Zuma
  • PHAKAMISA NDZAMELA: The market sets failing leaders right

  New Agenda
• Business

  TOP STORY

  

  Industries’ total turnover up in third quarter

  Statistics SA quarterly financial statistics show increase in turnover in seven of eight industries covered by survey as economic growth picked up modestly

  Trade & Industry

  • Manufacturers threaten to sue over incentive programme dissipation
  • Davies outlines policy to create black industrialist class
  • IDC to drive empowerment with Chinese cars

  Management

  • Three examples of nurturing leaders
  • ON WORK: Introducing Guffipedia, an outlet for victims of drivel
  • Growing talent leads business to greener pastures

  Innovation

  • Coal dust and algae can help meet future energy needs
  • Innovation fund expands support for local inventors
  • Solar power takes off in California with third parties leasing panels cheaply

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism

  Banker SA

  SA Mining
• Companies

  TOP STORY

  

  VW left in the dust as European car sales soar

  The emissions scandal is taking its toll for Volkswagen, whose car sales rose just 4.1%, lagging far behind the overall 13.7% jump

  More News

  • Tiger sells Nigerian business for $1
  • Maponya buys into firm planning new bourse for SA
  • PIC holds 30% of Lonmin after discounted rights issue
  • AB InBev gets green light to list on the JSE in January
  • Casino operators gamble on better tourist numbers

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism
• Life

  TOP STORY

  

  Is your doctor getting too much screen time?

  Doctors’ use of computers, laptops and tablets to record patient data is changing dynamics between some doctors, patients and creating new communication challenges

  Arts & Entertainment

  • Movie marathon winner conquers sleep reflex
  • VIDEO: International stars in SA for BET Experience Africa

  Travel & Food

  • Gourmets go to war in battle over world’s best restaurants
  • Revamped Gold Reef City returns with more polish

  Wanted Magazine

  Gadgets & Gear

  • Why gadget warranties are (almost) never worth it
  • How managers can limit future shock

  Books

  • BOOK REVIEW: I Ran For My Life
  • BOOK REVIEW: The Secret Society

  Health

  • Is your doctor getting too much screen time?
  • Canny innovation leads to solutions in healthcare

  Motoring

  • 2015 REVIEW: New trends and same old issues
  • LAUNCH NEWS: Saddle up, the Mustang is back
• Sport

  TOP STORY

  

  Tshabalala riding high as Modise’s star wanes

  Contrasting fortunes as Sundowns, Chiefs square off in Telkom final

  Rugby

  • Suits overrule Smal as Fleck thrown in at deep end
  • Magnificent sevens Boks blitz Argentina

  soccer

  • Tough draw for Sundowns, but easier start for Chiefs
  • Company named in Fifa bribery probe connected to 21st Century Fox

  Cricket

  • Van Zyl has ‘earned his position as an opener’
  • Procter feels SA will pull through while Botham backs England
  • Twenty20 has taken the world by storm while Test cricket fights for survival
  • England tour begins in hot Potchefstroom

  Other Sport

  • Lerena hints at Hong Kong move following challenge win
  • Golf’s new big three lead the way as Woods wilts
  • Donaldson grabs title in Thailand
  • Rusty Babyface gives Rosia hiding
  • Joshua knockout record intact

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