Paul Janisch

Pravin is pinning his hopes on the FSC

Mr Gordhan held up the Financial Sector Charter as an example of how financial inclusion could be successfully implemented. He described it as " an almost negotiated" document that included the financial sector, government and organised labour.

via www.bdlive.co.za

And Rob continues to block it. Perhaps Pravin is going to get his way over Rob.

Promotion vs over-regulation - listen up Rob

Khena said the platform for black business was not even close to being level and that without active government promotion, society and corporate South Africa is not doing enough to empower emerging black business.  

via www.fin24.com

The critical word here is "PROMOTION". It's not going to be achieved through fiercer regulation. One would hope that the government has figured out by now that you can't over-regulate an economy. But alas our esteemed minister of trade and industry (the worst of an extremely bad lot barring Trevor and Pravin) sees fit to make the regulations unplayable.

Resign Rob you are the perfect application of the Peter Principle.  Actually I lied - very few people in the ANC governement are an application of the Peter Principle (especially Rob), almost all were incompetent before they were allocated a fiefdom appointed to their positions.

Mining Charter Reporting Guidelines in the Pipeline | SabinetLaw

Guidelines to help mining companies meet their reporting obligations in terms of the revised mining charter will be released soon.

This was announced by the mineral resources minister, Susan Shabangu, during a speech at the new age business breakfast in Johannesburg.

via www.sabinetlaw.co.za

This is good to know. It must mean that the consultation process is finished

Labour laws 'not cause of economic ills' - but then what does Rob actually know?

Davies confirmed he would use a trip to London later this week to reassure investors that South Africa remained a viable destination in the wake of the violent confrontation at Lonmin's platinum mine in Marikana.

via www.fin24.com

The only way Rob is going to reassure international investors is by resigning. He's alright, he's got his ministerial pension. It's a small price to pay to get rid of someone who is such a liability to our fragile economy.

Die drol en die banke

A disgusting title - it comes from the Afrikaans saying "die drol in die drinkwater".  The drol is matter floating around in the drinking water which renders the drinking water undrinkable.  The drol in this case is Rob and the drinkwater is the FSC.  Fin24 ran an article this morning on the status of the FSC

The standoff between bankers’ associations and parties calling for increased empowerment is nowhere near being resolved.

Our drol doesn't want the once empowered, always empowered rule, but the banks do.  And therein lies the impasse.  It's such a small concession from such a great figure; yet so stoic is he that he will not allow his unblemished record for, amongst other things, understanding how an economy works, to be tarnished by this issue.

Yet he publishes charters that are a joke.

What a mighty man, we are so lucky to have him as our minister of trade and industry.

No wait on a serious note - the banks want the FSC because it's a well balanced document and also they want have to consider the new codes that will kill BEE altogether.  Now if Minister Davies played his cards properly he'd have at least one charter that someone's doing something about whilst the rest of the economy rejects his new codes.

Will he, no he won't.  He's at the beck and call at the BBC - and bank BEE deals are "money for jam".