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Busy week for SA Inc
Nerve-wracking time for Tongaat, banking issues at Ayo, another pot of gold for African Rainbow and a ârevoltâ at Glencore. 00:01
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Sweet paypackets for Tongaat executives eclipsed by Glencore CEO s extremely excessive deal. Image: Supplied
The Tongaat share price staged a remarkable recovery on Friday although the 11.4% bounce that day was not enough to see it reclaim all the territory it lost earlier in the week following the sugar and property companyâs worrying update on its debt restructuring.
No doubt many of the shareholders will have heaved a sigh of relief that the share price slide stopped at R8, well above the 12-month low of R4.50.
weekly newspaper.
South Africans are a talkative, argumentative, critical lot. That is good in an emerging and let’s face it, struggling, democracy. We need to have the difficult conversations, we need to point out the frailties in our systems, in our institutions, and in our leaders.
To lead in this country means that you put yourself on a pedestal and invite scrutiny of your efficacy in the position because, God knows, we need good leaders. So scrutiny comes with the territory and requires that you have thick skin.
On the business front, skins are thinner, possibly because business leaders are less used to criticism. However, when the criticism is justified one has little sympathy for the recipient whether they have thick skins or not. I’m thinking of the VBS villains and the likes of Markus Jooste here. But what about when we get it wrong? What about when the individual has been unjustly castigated, judged, found wanting and discarded? With the skills deficit in this cou
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