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LONDON TO A BRICK
Letter from South Africa
You’re down in Cape Town after jetting in from London where investors fret about South Africa almost as much as Russia. You turn on the radio and listen to the news and suddenly it dawns on you there’s a different vibe in SA these days, one that’s more positive than a couple of years ago when reformist president Cyril Ramaphosa looked to be on the ropes.
As a miner you have to pinch yourself because load shedding has just seen you groping around in your hotel room looking for a torch. Heavily indebted state-run Eskom, the power generator, still feels like...
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