Business Day published an excellent analysis of the debacle surrounding the Competition Commissions block on the sale of Burger King and subsequent approval of the sale to a US-based equity firm.
The fast-food franchise would be sold by Grand Parade Investments to Emerging Capital Partners with the initial block from the Competition Commission around concerns of monopoly, BEE ownership, and saving jobs and creating employment.
In its Monday editorial, the business publication outlines the entire saga and turns quite critical of the Competition Commission’s understanding of business. Well worth the read.
While media mogul Iqbal Survé was in the headlines again after Daily Maverick published a piece from Dewald van Rensburg for amaBhungane, covering how former Public Investment Corporation chief, Dan Matjila allegedly signed away around R700 million in debt owed by Survé’s Independent Media Group. The close relationship that Survé and Matjila share has been well documented by amaBhungane reporters in recent years.
It seems Matjila has been trying to help his best bud in any way he can.
And Sam Ashman pens an insightful piece in New Frame, looking at how South Africas climate crisis is interlinked with the country’s coal production and exports with around 85% of Eskom’s electricity generation coming from burning coal.
Our dependence on fossil fuels when we should be investing more in renewable energy, independent power supply, and crafting a green economy, is frightening.
Here’s a roundup of other interesting opinions and analyses:
Adriaan Basson writes about the potential link between Babita Deokaran’s assassination and the ANC’s poor financial position, in News24 (for subscribers). In The Citizen, Brendan Seery writes along the same lines, focusing on the governing party’s finances and scandals (for subscribers).
In the Daily Maverick, Tim Cohen writes about the mess made in South Africa’s mining governance, while an editorial in New Frame focuses on the mineral-energy complex.
Telita Snyckers writes in Financial Mail, about the role trade, industry & competition minister Ebrahim Patel is playing in keeping one business that government has an interest in alive, while the industry around it falters.
While Greg Chen writes in the Mail & Guardian, keeping your data private and secure is paramount for a business operating in the digital world.
