Editor's note: ANC secretary-general Ace Magashule recently roiled markets when he spoke publicly about exploring the idea of quantitative easing. Dirk Lotriet writes that the public is not very interested in Ace's ideas for economic reform.
This weekend, my friend Andrew is hosting one of the strangest events I have ever heard of.
He owns a pub in Roodepoort and has issued a challenge to his patrons: why run the Comrades if you can drink it?
“When the starter’s gun is fired at 5.30am on Sunday morning, we open our first beer. The aim is to finish 24 of them before the winner crosses the finish line.”
Yes, it’s a stupid and an infantile contest to participate in, I know. And if I was a drinking man, nothing would have kept me away from Andrew’s bar counter on Sunday morning.
Why? Probably because the lovely Snapdragon is right when she so often tells me: “You’re an idiot. Everything in life must always be a competition to you.”
In my defence, I have to point out that I’m part of a nation of competitive idiots. Not everyone is an idiot, of course. Some of my fellow South Africans are intelligent, responsible people. But all of my countrymen are competitive. With the possible exception of the Proteas, we all tackle life as warriors who aspire to win in everything we do.
And while Snapdragon’s label is well deserved by me and a large majority of my compatriots, I have identified one man who has earned the right to be my brother in arms more than anyone else – Bra Ace Magashule.
Ace shocked financial markets on Wednesday when he – apparently without the blessing of government or the ANC – called for “a task team to explore quantity (sic) easing measures to address intergovernmental debts”.
The rand, already under pressure after the news that the SA economy shrank by more than 3% in the second quarter, immediately plummeted.
Read the rest at The Citizen.
Disclaimer: The views and opinions expressed here are those of the author and do not necessarily reflect the official policy or position of Briefly.co.za.
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