i-Blog

The Intellidex Blog carries brief insights from our analyst team and news from Intellidex

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STUART THEOBALD: If only we could shrug off labels and base policy on evidence

November 11, 2019

The strands of ideology that shape SA’s political economy are deep. Sometimes we are not even conscious of them. One of the most important is Marx’s theory of history, a vision of the world that...

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RECENT POSTS

PETER ATTARD MONTALTO: Action, reform, decisiveness needed, but pragmatism in short supply

November 4, 2019

Moody’s has been very clear that it is up to government now to consolidate expenditure and undertake growth boosting reform before February or … or […]

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STUART THEOBALD: Investors’ eyes are on Ramaphosa over needed reforms

October 29, 2019

What is needed instead is evidence of genuine structural reform; the kind that will make analysts return to their models, change parameters, and deliver to their clients forecasts of better economic...

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PETER ATTARD MONTALTO: Investors waiting for Godot

October 21, 2019

This column was first published in Business Day  Spending the week in the US — first talking to investors in New York and then at […]

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STUART THEOBALD: SAA and Acsa are giant red flags for private investors in SOEs

October 14, 2019

It is clearly the case that Eskom would shed jobs in a financial turnaround. But just think of the destruction to employment that has been caused by Eskom’s dysfunction: the deindustrialisation of...

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PETER ATTARD MONTALTO: Where action is at odds with rhetoric

October 7, 2019

This column was first published in Business Day Some deep questions are raised by the ANC’s national executive committee statement last week and rotate on […]

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STUART THEOBALD: Old Mutual clings to its principles, but a Moyo payout may have cost less

September 30, 2019

It takes a rather pigheaded commitment to principle to tide it out, and shareholders can rightfully ask why they’re being forced to pay the cost. Manuel and the rest of the board have a task ahead...

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Why prescribed assets are a bad idea

September 25, 2019

By: Stuart Theobald Prescribed assets are increasingly being looked to as a solution for both urgent and longer-term development funding needs. This is a mistake. […]

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PETER ATTARD MONTALTO: No, it will not be all fine in the end

September 23, 2019

I think there is a subset of ministers who actually do understand that the country is fundamentally in the wrong place. The problem is the system itself hasn’t flipped, given the lack of political...

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STUART THEOBALD: Business needs help in renewing its faith in the future

September 16, 2019

Our problem is the implementation. So far there are no implemented and reliable policies that business decisionmakers can see that will shift their return/risk expectations positively.

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PETER ATTARD MONTALTO: If the state cannot get PR right, it cannot deliver reform

September 9, 2019

In an environment of a trust deficit and zero benefit of the doubt, for the government to play its role will require leadership and an ability to manage the state — getting the building block of PR...

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Intellidex makes recommendations on the future of the Public Investment Corporation to the PIC Inquiry

September 3, 2019

PRESS RELEASE 3 September 2019 Intellidex has drawn up a report on the future of the Public Investment Corporation to assist the PIC Inquiry in […]

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STUART THEOBALD: Bootleggers and Baptists are holding up SA’s economic recovery

September 3, 2019

Two things are needed to break through the resistance: leadership and a just transition. A just transition that accommodates legitimate interests who stand to suffer short-term pain, is one way to...

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