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BizTHE RATIONAL PERSPECTIVENewsDigest WWW.BIZNEWS.COM SATURDAY 24 JULY 2021 BIZNEWSCOM Enough already! A brutally honest BRIEFS Pfizer, SA facility Open Letter to Ramaphosa to deliver over 100m Foreigners often confuse “South African Speak” for rudeness or arrogance. A bit like the Dutch, people from the Southern Tip of Covid-19 Africa lack the diplomacy gene. They genuinely prefer straight and plain. Uncoded. Ever since the transition in 1994, however, much was left unsaid. For most, despite its record of idiotic economic policies, corruption and misgovernance, the ANC was given vaccines a year the benefit of the doubt. After the chaos of the past week, however, that generosity has disappeared and long suppressed anger uncorked. Because, in their hour of greatest need communities whose rates and taxes keep the national wheels rolling, were left to fend for themselves. Those they paid to protect them simply disappeared or stood idly by watching the methodical, fearless Grocer made plundering. As a result, many in the previously silent and mostly isolated majority have found each other – and their collective in voice. Their ‘gatvol’ factor has scaled a new peak. This anonymously produced Open Letter to Cyril Ramaphosa captures the R23,000 zeitgeist. It is circulating on social media to almost universal applause. – Alec Hogg excess profits on ginger during Stop treating coloured and Asian South Africans like second class lockdown Dear Mr President, citizens. They also suffered under You now have the perfect apartheid. Stop with the hierarchy opportunity to do the right thing. of disadvantage rubbish. It’s divisive Relief grant Everyone knows this was an and revolting. Quotas are a no-no. of between attempted coup, and you’ve said Dump them. Everywhere. Sport as much, just in different words. included. It was civil society who came to Admit we have a tribal problem. R350 and your rescue. Ordinary people, Zulus moved to the ANC when R595 a month living ordinary lives, across the they thought one of their own had income, gender and race divide, a shot at the Presidency after years of considered showing you that South Africans the Xhosa Nostra. They were right. are one. We stand together when He did. And look what he did. The the odds are against us. We attempted coup was nothing but Inflation slows stood together to protect life, Zulu insurgency and resentment at property, and democracy. And in South African President Cyril Ramaphosa. [Photo Credit: GCIS] having lost power, and the chance down to an important way, we did the job to feed at the trough again. Read the Army and Police, after years you really care about something else roads. So enough with the KFC and your history. Just be honest about 4.9% of mismanagement and cadre other than power, and ANC unity. t-shirts. It’s revolting. it, and move on. deployment, could not do. We Stop treating poor black South Stop treating white South Africans Stop with the dual legal system. We in June protected the legitimately elected Africans like voting fodder. Enough like the enemy. Make saying are supposed to have just the one. So government. You, in other words. with the failed service delivery. It’s “WMC” or “1652” a hate crime, taxis, thanks for all the help during So here’s some advice you may disgusting and unnecessary. Fire like the K-word. It’s actually every the riots and looting. Kudos to you. care to hear about doing the right people who don’t do their jobs. Make bit as insulting, and it’s flung about You deserve it and we’ll all be a bit More than thing, and showing everyone that that phone call. Read the goddamn carelessly by ideologues who just are nicer to you now. But tough love is you really are grateful that we stood Riot Act. Start delivering services. just plain racist. Enough now. And called for here. of South as one to defend democracy, and Show you actually give a damn how tell the Human Rights Commission 70% that you do have respect for us all, people live and whether they can get to do its job. They’re supposed to Africans feel no matter who we are. And that clean water and drive safely on our look after all of us. They don’t. Read the full open letter here unsafe most of the time Subscribe here for your weekly BizNewsDigest Subscribe now 2 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM SA RIOTS Taxi industry a force to be reckoned with

s the Head of Department for Economic Development at DOWNLOAD THE FREE the uMgungundlovu District, Athe devastation that swept through BIZNEWS.COM APP Pietermaritzburg and its surrounds last week was even more acutely felt by James Martin than most. Describing the wreckage, Martin says the looted shops are now ‘black shells of nothing.’ Of particular significance is the way in which Martin describes the BN power harnessed by the taxi industry to protect and defend the businesses in and around Pietermaritzburg. An uplifting, albeit surprising shift in perspective of the Click on the links below to taxi industry. Martin explains that there is a download your own free new layer of skills coming through across the BizNews.com App South African taxi industry landscape, and that alongside this rising level of business A minibus taxi drives through the Randburg taxi rank in Johannesburg. (Bloomberg) acumen, there is a responsibility in the commercial environment. – Nadya Swart And then in Pietermaritzburg itself, a couple and the looted massive furniture shops that of major shopping centres, especially in the are now just… They’ve been burnt. There’s no On the damage that’s been done to black townships, were destroyed and burnt to other way to describe it. They’re black shells Pietermaritzburg and the surrounding district the ground with, I think, only four shopping of nothing. So, yeah, I think it’s hit everybody “Well, we do have the statistics. I don’t centres still standing out of, I estimate, in the solar plexus, especially from a business have them at my fingertips, but I can say probably double that number. So the centre of point of view. Some of them feel they can that each town except Camperdown in this town itself, I went through during the days of bounce back. Some of them feel that it’s a puppy dog out of a cage, I don’t think we district was damaged severely. Richmond the treachery, and it was a war zone. Your car bridge too far now to come back.” realised it was a kraken. It was something that, was almost flattened. The area to the east of couldn’t drive through the streets because of once the floodgates had opened, would be Pietermaritzburg, there are smaller towns the rubbish and the debris on the roads. And On the debate around whether it was just hard to squash – judging by how easily a shop there – the businesses were almost flattened. people were loitering, scavenging through thuggery or whether it was orchestrated can be looted. For most of us, it’s something In Howick, it’s a town most people may have whatever was left. It really was a war zone “I have to be careful how I answer. Obviously that never occurred to us. But I think it is heard of, we’re estimating [that] around 40 at the time. I’m happy to say today driving I’m not speaking on behalf of government. something that can happen physically – really businesses have been looted. Some have been through it – it’s obviously been cleaned up I’m not a spokesperson for government. easily. You open the door and you take out burnt. Mooi River on the freeway, obviously, and it’s safe and there’s police presence. And I think I’m just giving an opinion, which what you need to. That’s how simple it is.” a number of businesses there have also [been there is a sense of calm that’s returned. is my personal opinion. I think when this damaged]. But you can’t help noticing the destruction started and we let what we thought was a Listen to the full interview

Zulu mobilisation cooked up by the ANC – Mbeki

s South Africa slowly comes to terms for service delivery reasons. [Ramaphosa] whites had believed him so he didn’t need to with the widespread looting of the thought the camera was far away and wouldn’t continue with it. I don’t think he expected past week, there have been many hear his reply, he told her, “you know, if you people like me to raise a lot of noise about it. Aexplanations for why this has happened don’t vote for the ANC, the Boers will come The spark came from where Jacob Zuma lives, and who is behind it, with fingers pointing back and take the land back”. He’s a real racial whether it’s Zulu or not Zulu. It came from in every direction. Some have attributed opportunist who manipulates both the whites where he lives, which is his own province. it to Zulu or ‘ethnic mobilisation’ and an by playing on their fears and prejudices and That doesn’t make ethnic mobilisation.” ‘attempted insurrection’. However, political the blacks by playing on their fears and their analyst Moeletsi Mbeki rejects these prejudices. By the time he withdrew his ethnic theories, saying they are ghosts that the ANC mobilisation, the damage had been done. The Listen to the full interview (and President Cyril Ramaphosa) pull out when the party is in trouble. He gives an interesting take on the matter and believes that while Jacob Zuma’s incarceration was certainly the spark, the actual explosion was BizNews 360 Potgooi inevitable. “Cyril was targeting the whites – the white prejudices, let me say. He wanted to tell the whites that they are these Zulu (met Charl Botha) bloodthirsty savages, but he’s going to deal ANC signage sits on a banner. Bloomberg with them using the army and the police. So that was his strategy for allaying the white the police. That was his strategy for allaying fears,” Mbeki says. – Linda van Tilburg the white fears. Of course, the whites believed Charl Botha gesêls met Schalk Louw van PSG Old Oak that they are Zulu bloodthirsty savages who oor edelmetale On the riots not being an example of ethnic have to be dealt with [by deploying] the army. mobilisation That was the intention. He knows there was In hierdie potgooi het ek met Schalk Louw van PSG Old Oak gesêls oor “Well, I was the first person to attack Cyril no such ethnic mobilisation. edelmetale. Om die waarde van edelmetale in ons portefeuljes te verduidelik for saying this is ethnic mobilisation. There’s Cyril knows how to manipulate the white deel hy 'n baie interessante storie uit die ekonomiese geskiedenis. no such thing but it was deliberate because he population. He plays on their prejudices. He has since withdrawn it. In my view, Cyril was manipulates the black population as well. He targeting the whites, the white prejudices, let was caught on camera a couple of years ago. Besoek BizNewsRadio.com om me say. He wanted to tell the whites that they He was on a campaign in Polokwane and this are these Zulu bloodthirsty savages, but he’s old lady in the townships said to him that she nog potgooie te luister going to deal with them using the army and is not going to vote for the ANC anymore 3 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM SA INVESTING Open letter to CR: White privilege or hard truth?

By Claire Badenhorst hard-working people are saying every day,” says Chris. “Get rid of the inept corrupt cadre ministers, look to Singapore, not Nigeria, you ollowing the chaos of the riots never know people might start voting for you and looting in KwaZulu-Natal and again, comrade.” Gauteng, it’s fair to say that many Tracer ZA says, “The sad thing is this country FSouth Africans have been left with a bitter really needs a coup. Just not the scum of the taste in their mouths. One such citizen took earth trying to take over, we already have scum pen to paper in an anonymous Open Letter of the earth running this circus. Brilliant letter, to Cyril Ramaphosa – currently doing the but our spineless knob of a president doesn’t rounds on social media. give 2 schitts about anything but the ANC.” As Alec Hogg writes, “In their hour of greatest “I haven’t read something as good as this; it need, communities whose rates and taxes keep shines the light on everything that’s ridiculous the national wheels rolling were left to fend and pathetic in this country, more specifically, for themselves. Those they paid to protect the ANC,” adds Stifmeister. them simply disappeared or stood idly by “This letter smacks of racism and white watching the methodical, fearless plundering. privilege. Makes me want to puke,” says As a result, many in the previously silent and Kabza. mostly isolated majority have found each ALB Translation & interpretati agrees. “This other – and their collective voice. Their ‘gatvol’ is nothing short of subliminal racism aimed factor has scaled a new peak.” at offending Africans and crafting a deceptive From cadre deployment and failed service © Zapiro (All Rights Reserved). Originally published in Daily Maverick. message that seeks to promote their opinion delivery to emigration tax and xenophobia, over the masses masked as some open letter the writer leaves no ANC stone unturned. when it really counted. And importantly, intelligent he will take notice but he lacks but void of any truth. In reality, it sounds like The mysterious author even suggests that in too many cases to mention, the best thing the emotional security needed to run a a call to Ramaphosa to tow the white line of Ramaphosa makes saying ‘WMC’ or ‘1652’ a for you to do is just to get out of the way.” household, never mind a country. It is what thinking and generally pro minorities.” “hate crime, like the K-word. It’s actually every Understandably, the letter has received its fair it is, Cyril lacks in leadership ability,” says MJ JohnMname responds: “If whites and most bit as insulting, and it’s flung about carelessly share of attention (both for and against) across JORGENSEN. of the population abhor crime and looting, by ideologues who just are just plain racist,” social media, and as usual, South Africans are Naas Scholtz comments, “Awesome letter does that make them privileged? What’s your they write. not pulling any punches. You’ll want to grab – the sentiments of the people – ANC’s and point other than to be racist?” The letter ends with: a seat for this, dear reader. EFF’s and BLM’s excluded. Hear the voice of “Oh. The ever expected and standard racist cry “Do you want to stay in power? It’s not the 50 million ‘others’. Bravo, give the writer when the truth manifests,” adds Braveheart. actually that hard. Treat us all with respect. Comments from BizNews community members a Bells.” Read the full article Equally. As citizens. Who defended you “Best letter Cyril will ever receive. If he is “Brilliant and points out everything normal Where to from here? Heystek, Baissac answer

he recent looting and civil unrest in soon – but let’s just assume that the ANC parts of South Africa has raised a gets control. I think they must start with law number of concerns. Listen in on this and order. We talk about it all day long, but Texcerpt from a BizNews webinar, featuring it has to be practical. We haven’t mentioned Brenthurst Wealth’s Magnus Heystek and that three or four weeks ago, the general Claude Baissac of Eunomix. Together with manager of Rio Tinto was shot and killed Alec Hogg, the group concentrates on what and they declared a force majeure. to do with your money and where to invest That was already the first inkling that it. – Jarryd Neves there’s something wrong in KZN and that something is brewing. Government has Magnus Heystek on staying in South Africa done very little about the burning of trucks “I would tell people to be honest about in Mooi River for many years, for example. their view of what’s going to happen. If you The government has allowed this absolute have the chance to externalise your career wave of lawlessness to fester. We’ve now and even your family, considering what’s seen that they were totally impotent in con- taking place in South Africa, I would prob- trolling this uprising. If Ramaphosa doesn’t ably say that you should take that chance [to start firing some cabinet ministers and hav- emigrate]. Even if it’s just for five to seven ing some balls, as Brian Pottinger wrote on years and if things improve, you can always your website, you seriously have to worry I’m a French citizen, so I have options. I There’s a counterpoint to what Magnus has come back. But to say ‘don’t go’ would be a about where SA is going to end up a few will say this, however. What is rational at been saying. In South Africa, we still have great disservice to those people – if things years from now.” the individual level can become irrational at extraordinary quality of life. I can assure turned out to be as bad as it can turn out. the collective level. If all the people in the you that what you gain on one side of the What does the ANC need to do to change Claude Baissac on staying in South Africa middle and upper-middle class leave South balance book, you lose on the other side of someone like Claude and my view about “It’s a difficult question to answer. I’m not a Africa, then it becomes a self-fulfilling the balance sheet. Living in Europe, Amer- SA? As Claude mentioned, that depends on South African citizen. I wasn’t born here. I prophecy. There is no centre to hold any- ica and Australia is not easy living. These the ANC and the cabinet. wasn’t raised here. I don’t have family here. more. Then all we’ll have is extremes. The societies are machines and you have to find Unless they don’t change their strategies My kids are South African. It’s already an extreme rich – who will benefit from a cro- ways to fit in. Nobody cares about you. You [and] get hold of law and order in this agonising consideration for me – consider- ny capitalist system and government cor- can’t get the kind of house you have. You country, my recommendation to a young ing how wonderful the country is and how ruption – and the extreme poor who rep- don’t have the kind of weather you have in family like that, is to go [live abroad] with high I was when I came here in 2000-2002, resent the majority. That then leads to the SA. You also don’t have the sense of nation- my blessing, because there are bigger forces with the promise that was represented by kind of explosions on the scale magnified hood – traumatising as it is or not – that you at play than just the individual’s right and the new South Africa. I’m looking at it per- to what we’ve seen. It’s so difficult and we have in South Africa.” loyalty to the country. Probably, I’ll say yes, sonally, because I have small children and know of so many South Africans who have go. But, there could be a turning point one I’m concerned about their ability to have a left looking for better lives elsewhere and Listen to the full interview day – and I’m not so sure it’s gonna happen career and futures in this country. then realising that the grass is greener there. 4 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM BIZNEWS TV How did SA get here: Heystek IN SHORT Weekly, Magnus Heystek joins Alec Hogg as the BizNews Power Hour market commentator. WeBuyCars purchases iconic TicketPro Dome Always full of insight, Heystek comments on the recent civil unrest in South Africa – and how The Dome was originally intended to be a permanent motor showroom, it may affect your investments. Listen in on the in-depth conversation, with the Brenthurst allowing people to view and test-drive a variety of vehicle brands under founder speaking about the benefits of investing your money overseas. The award-winning one roof. However, this never materialised and it became a multi- former financial journalist notes that he sees Brenthurst clients as global citizens. “You cannot purpose entertainment venue. Faan van der Walt says WeBuyCars is keep all your money in one country,” remarks Heystek. – Jarryd Neves now able to finally realise the original vision that was held for the Dome.

we were attacked and it attracted a On investing in South Africa lot of unfair criticism. They got it Medicine looters may face murder charges “Everybody is now focusing on totally wrong – said it was emotion ‘If we catch the people who did this, we will have them charged with where we are as a country right now? and that I’m unpatriotic. It was not murdering those patients who died.’ So said Dr Nicholas Crisp in response How did we get here? – which is a – it was getting good returns for my to the theft of chronic medication and the destruction of pharmaceutical whole debate by itself. And, how clients. Our clients – and I have got facilities in KwaZulu-Natal. City Press reported that 90 pharmacies, are we going to get out of it and a number of messages recently – say as well as medicine factories and warehouses from which medicines what needs to be done? Now, one thank you for externalising such a were distributed, were looted or destroyed last week. cannot just simply dismiss that large portion of our portfolio. We South Africa will never become now see what you mean and that a failed state. That would be quite story has not changed. It’s a pity DA to lay charges against unrest instigators foolish and short-sighted. If you’re that so many large companies The DA will lay charges of treason and terrorism against the instigators saying, “my scenario planning with massive, vested interests were of the unrest that led to widespread looting and destruction in KwaZulu- involves the following A, B or C,” basically spinning a different story Natal and parts of Gauteng. The party has seen WhatsApp chats between how does it affect the investment all day long. Their clients are paying individuals whose messages appear to indicate their intentions to decision-making? What can you the price today.” destabilise and remove the current government. do with the assets that you have or the assets that you will earn in the On the ANC wanting to create more future? It’s a wide-ranging debate, Magnus Heystek is a director of social grants looking at the various ways to plan Brenthurst Wealth Management “I share those sentiments. That’s Netflix says streaming era has just begun In a fascinating broadcast dissecting the financials, co-CEOs Reed for a very uncertain future.” exactly what government cannot do Hastings and Ted Sarandos as well as CFO, Spencer Neumann and selling or alarmist. We’re just simply – to double down on what they’ve chief product officer Greg Peters walked us through the numbers and On investing your money overseas saying that you’re a global citizen already been doing – which is prospects ahead. The growth journey is still in tact for streaming services “We’ve been trying to convey that and you cannot keep all your money cause to, by and large, the massive despite a post-Covid world well underway in many parts of the world message to our clients – whom we in one country. It was not about unemployment, unhappiness and is the message from the boardroom. consider to be global citizens – for politics in the early days. anger. It was all just a compendium a long time. As a small company we, What intrigued me about what of problems which caused this 10 years ago, set up our own Global was happening elsewhere was uprising, in my view, and because Balanced Fund to give our clients Wall Street, Silicon Valley, the of social media today, a message like J&J shot raises fewer antibodies against Delta exposure into the global markets phenomenal innovation taking that gets transmitted instantaneously Johnson & Johnson’s single-dose Covid-19 vaccine produced relatively – at a very low cost. That fund is place in the United States, Israel across multiple platforms and there’s low levels of antibodies against the delta variant in a study, raising now up to R1.5 billion and doing and in Switzerland. I was very an uprising.” questions about how well the shot will hold up against the strain that extremely well – beating the bigger attracted to those investments accounts for the vast majority of US cases. The laboratory study hasn’t brand names because of the cost because I saw what was happening, Listen to the full interview been published in a peer-reviewed journal and focuses on one key structures. Our clients have been personally. Based purely on portion of the immune response, called neutralising antibodies. ‘I don’t want a 50/50 very comfortable with our approach. statistical outperformance, we scenario, anarchy odds are Visit BizNews.com for the latest business and finance news It’s not being panicked, not being should invest offshore. Of course, ominous’

uthorities arrested six people who allegedly instigated a week of rioting that ctionSA will pursue a lawsuit against President Cyril Ramaphosa, Bheki claimed at least 215 lives and have charged them with inciting public violence. Cele, members of the security cluster, and the ANC following the looting and One of the six was released on bail, while the other five are in custody pending lawlessness in KZN and Gauteng. Herman Mashaba said Ramaphosa, Cele, Atheir bail hearings, said acting Minister in the Presidency Khumbudzo Ntshavheni. Aand other ministers have a legal obligation to uphold and maintain law and order.

View the full video here View the full video here

Incapable SA government and consequent Magnus Heystek: How did SA get here, The SA taxi industry is a force to be inequality has set this tinderbox aflame what needs to be done – and how it reckoned with - James Martin on how - Piet Viljoen affects investment decisions it stood up during riots 5 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM BIZNEWS POWER HOUR David Shapiro talks all things civil unrest

s is customary for a Monday, David animal.” Shapiro joined the BizNews Power Hour to discuss the civil unrest and On the trauma caused as a result of the events Aits effect on the JSE, which has held up that have unfolded relatively well during these trying times in “You always expect that it’s going to happen South Africa. Shapiro noted that the events again. And protecting your life is one thing, that played out last week were some of the you know it’s very easy to be optimistic about worst he’s seen in this country. – Justin something, but you’ve got to be optimistic for Rowe-Roberts a reason. I think this has done the opposite, people are very cautious.” David Shapiro on last week’s acts of violence “It’s very difficult. I think it was an exhausting On SASRIA’s lack of sufficient capital to payout week – when I say exhausting, I match it to claims watching 9-11 where those events unfolded in “Look, Mr Price will be fine. Those kind of front of your eyes. Look there were a lot more groups will be fine because it’s in the shopping people and a lot more tragic in terms of loss of poor people don’t even have some sort of sense so far, I think it’s going to be very hard for us centres that they will rebuild their outlets. If lives in America but you were compelled and of what is right and what is wrong. Everybody to reverse this.” the shopping centre is not there, they will that viewing just took it out of you. You could there knew what was going on. That disturbed go somewhere else. If you look at the retail not believe what you were seeing. And then me, that got to me. If it’s bread, if it’s milk, if On the markets not reacting to the news groups, they’re in a better position. All they I think when we saw more after more being it’s the basics of life I can understand people adversely have to do is restock. It’s quite a complicated mauled, for South Africans, it was a week of rioting, but the way that this was done and “The markets have held well but markets issue with all the landlords and groups.” shame. There was no moral compass, there the trucks coming and fridges going – the are something else, that’s difficult to explain was no shame, there was no sorrow in what visions for the rest of the world just made us cause our markets aren’t reflective of what’s the people were doing. I can’t believe that even the laughing stock. I think it’s taken us down happening in main street. They’re a different Listen to the full interview

Click here to catch the live stream of the BizNews BizNews Power Hour Power Hour, weekdays from 5:30 - 6:30pm. “I’m skeptical on Steinhoff but I’m “The investor community is already with Alec Hogg optimistic on South Africa” - Mostert telling us what they think” The BizNews Power Hour, hosted by Alec Hogg, airs weeknights at 5:30pm on BizNews 10X founder Steven Nathan and BizNews founder Alec Hogg talk about Cape Town’s Fine Music Radio (101.3FM) and in Johannesburg at 7pm on ChaiFM Power rebuilding the economy after the national disaster, which will fuel (101.9FM). You can also catch it on www.biznewsradio.com. Hour further unemployment and inequality in an already unequal society. Nathan suggests that entrepreneurs play a key part in restoring and creating jobs in order for the economy to get back on its feet.

BizNews A Moody’s Investors Service report downgraded five South African Power cities, placing them into junk territory. Among them is Cape Town, a BizNews Miles van der Molen is the founder and chief executive of CemAir. Hour city that, last month, received feedback from Moody’s saying that the Power As looting and civil unrest gripped the Gauteng and KwaZulu-Natal city is in a “strong position.” Joining BizNews is Ian Neilson, the Deputy Hour provinces, the aviation CEO (like many other selfless South Africans) Mayor of the Mother City. “We’re able to deliver on our budget and on took it upon himself to assist those in need, flying supplies to Durban our plans. We don’t see any merit in this downgrade,” he says. in his own planes - and at his own cost.

A South African wheelchair tennis ace has made history at Wimbledon Last week’s anarchy left some BizNews community members wondering BizNews BizNews this year, when she made the finals, the singles and doubles about the safety of their EasyEquities investments. To address these Power Power Hour championships. She is Kgothatso (also known as KG Montjane), who Hour concerns, Alec Hogg invited Charles Savage of JSE-listed Purple Group has been praised in all quarters - including some of the old legends in to join the BizNews Power Hour. EasyEquities’ investors can breathe a tennis - for becoming the first black South African woman to reach the sigh of relief, and with the number of the platform’s customers having finals at Wimbledon. BizNews caught up with KG after the match. surpassed one million - it’s sure to be a collective sigh. 6 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM SA RIOTS Modernising Zuma’s rural traditionalist ANC

akkie Cilliers, founder and former ters, and I’m quite happy that the framing urban, non-racial party. And that challenge Executive Director of the Institute that I provided still holds.” remains inherent to the ANC today.” for Security Studies (ISS), is a well- Jknown Africa analyst and the author of a On applying his academic analysis to the On whether his analysis still aligns with the ground-breaking book, titled Fate of the reality in South Africa reality of the events that occurred in KZN Nation. The book, which President Cyril “We use a forecasting platform known as and Gauteng last week Ramaphosa reviewed as “Incisive, bold and the International Future’s forecasting plat- “Yes, it does. South Africa has the largest sobering. A revealing forecast and a call to form. So, I converted the political scenarios inequality and unemployment globally, and action” was written in 2017 and explored into economic impacts. And we were, at the there is only one thing that can change that three alternative scenarios for the future of time, making some of the basic arguments over time, and that is more rapid economic South Africa: the divided nation, ‘Bafana that South Africa can do much better. But growth and employment growth in the for- Bafana’ muddling along and Mandela the idea of heading for 5.4 growth rates, mal sector. We can grow our informal sec- magic. BizNews founder Alec Hogg spoke which is what was in the national develop- tor, but because South Africa, by compara- to Cilliers on the BizNews Power Hour to ment plan, is just blatantly unrealistic. But tive standards, has a much smaller informal see whether these scenarios still hold true, that did require a deep and fundamental sector than most countries at comparable particularly in light of the violent riots that reform to get there. Of course, at the time, rates of income and so on – it is only em- spread through KwaZulu-Natal and parts Covid was not on the cards, but many of ployment growth in the formal sector that of Gauteng last week. Cilliers believes that the self-inflicted challenges that we face in eventually reduces inequality. I actually just what we’re looking at is a splintering of the the country were clearly on the cards – par- today released – what we refer to as – an ANC and that we face significant challenges ticularly around corruption, the challenges ISS Today on security sector reform, where in terms of a coordinated vision of ‘the within the ANC. At the time, I made the I looked at the challenges that we face in security architecture’ of South Africa. distinction between – what I refer to as – a police intelligence and the military and the President Ramaphosa’s biggest challenge, traditionalist faction within the ANC and leadership thereof and set out a host of is- according to Cilliers, is modernising the of, particularly, the Democratic Alliance the reformist faction. sues that South Africa needs to engage with ANC from the rural traditionalist party to maintain the trajectory that its previous At the time, Nkosazana Dlamini-Zuma was on managing the inevitable instability and that it became under Jacob Zuma’s rule. – leader had set it on. And opposition politics generally seen as the leader of the tradition- protests that we will be faced with for a Nadya Swart in South Africa has been quite a disappoint- alist faction, and the main challenge – and it number of years to come. ment. But the basic theme that South Africa remains true today – is that; for Ramaphosa Jakkie Cilliers on whether the three sce- is heading for a significant change – firstly to survive and for the ANC to flourish, the Listen to the full interview narios sketched in his book still hold in Gauteng, and with the national elections ANC needs deep and fundamental reform “I think, generally so. The analysis in the in 2024 – holds, as does the main challenge that not only takes deals of the corruption Read also: book – Fate of the Nation – has held up that I sketched out, which is reform of the and the patronage, but modernises the par- very, very well. The largest error, in retro- ANC. So I had a look again at the book re- ty from a rural traditionalist pathway, which SA’s future depends on Ramaphosa’s spect, was that I overestimated the potential cently and read through some of the chap- is where Jacob Zuma took it, to a modern, strategic skills – Jakkie Cilliers

Toyota feeling “very uncertain” about future in KZN

loomberg recently reported on the 2021. We are uncertain as to when it will be consequences last week’s rioting safe enough for us to resume operations.” and looting has had on the already The uncertainty caused by the unrest in Bweak South African economy. Over 3,000 KwaZulu-Natal means key deadlines may shops have been absolutely destroyed, with be missed. This, in turn, will hurt future 200 banks and 150 post offices suffering a prospects of Toyota’s local operations. similar fate. More worryingly, an estimated The closure of Toyota South Africa’s man- 150,000 jobs are now at stake, with the ufacturing operations jeopardises the com- South African Property Owners noting pany’s future sustainability, as it embarked that the total cost to the economy could on a recovery mission following the Cov- be R50 billion in lost output alone. A id-19 pandemic. large investor in South Africa, Toyota has Even a temporary closure of its Durban channelled plenty into the KwaZulu-Natal plant and the Durban harbour negatively (KZN) province. The recent civil unrest has impacted Toyota’s ability to fulfil its export thrown a spanner in the works of the global mandate. Other areas had to satisfy the de- company’s plans, Toyota’s regional officer mand. for Africa, Toshimitsu Imai expressing his Disruption of the important N3 highway concerns. According to MyBroadband, Imai between Durban and Johannesburg also noted that the safety of Toyota employees meant that Toyota South Africa is unable is a “key priority” for Toyota. However, he to deliver vehicles to customers in Gauteng. also said that it “left Toyota feeling very Imai said the recent spate of riots have a uncertain about the future of its business © Zapiro (All Rights Reserved). Originally published in Daily Maverick. significant impact on its plans to further in KZN”. eThekwini Municipality mayor invest in South Africa, especially when it Mxolisi Kaunda will be meeting with Toyota the situation has stabilized and law enforce- system is a fundamental value we strive for comes to its alternative energy cars. in order to give the company assurance that ment is being deployed in all hotspot areas because it enables us to be a successful busi- Toyota South Africa highlighted that it is the unrest has been stabilised. This article including industries affected,” he said. ness and thereby contribute to the commu- busy with preparations to launch its first was first published onMyBroadband . – This comes after Toyota’s regional officer nities and economies within which we can locally produced “new energy vehicle” later Jarryd Neves for Africa, Toshimitsu Imai, wrote to Kau- operate. this year. nda to express their concern about the vio- Unfortunately, he said, the incidents in the In January, Toyota South Africa Motors By Jan Vermeulen lence and looting in KwaZulu-Natal. city have “left Toyota feeling very uncertain announced it would be manufacturing the The mayor of eThekwini Municipality, -Mx Imai said a key priority for Toyota is the about the future of its business in KwaZu- new Corolla Cross in South Africa in the olisi Kaunda, will be visiting Toyota tomor- safety and welfare of their employees, their lu-Natal”. fourth quarter of the year. row morning, 21 July 2021, his spokesper- families, and the communities within which “Our manufacturing operations in the son has told MyBroadband. they operate. south of Durban were forced to close and “[Our mayor will] give them assurance that “The safety and harmony within this eco- have remained closed since Monday, 12 July Read the full article here 7 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM WEALTH ADVISORS Looting frenzy: Full splendour of land EWC

Content by Overberg Asset Management problem, its failed policy. It might embark on employment. If BBBEE must be maintained, deep reflection and reinvention. it should be simplified and implemented as The government is hamstrung by its an incentive rather than on a punitive basis. tempus horribilis. From the 10-17th ideology, keeping it on the ruinous path Disadvantage boils down to education alone July, we witnessed the horrifying of maximum state intervention, BBBEE and this is where the government should focus spectacle of arson, looting and regulations and inflexible labour laws. its attention. With world class education Adestruction, the loss of human life and These policies have created the perilous and apprenticeships, there would be no erosion of the remaining goodwill towards state of corruption, negligence, joblessness, requirement for affirmative action. our country from foreign investors. We poverty and helplessness which lit the flame of Since the looting erupted, futurist and witnessed in all its glory, the full splendour insurrection. It is a surprise that it has taken so scenario planner, Clem Sunter, has increased of expropriation without compensation. long but it is almost a relief that the moment the probability of the “Low Road” scenario The television footage and the multitude of of reckoning has finally arrived. for South Africa, in which the country videos doing the rounds on social media were While destructive, the crisis also showed descends into anarchy, from 30% to 50%. distressing. Few could have expected the speed South Africa’s best side. When buildings were I disagree. Counter-intuitively, the looting and thoroughness of the destruction, and yet looted and destroyed, people from all races crisis may have reduced the probability of none of it should really come as a surprise. Nick Downing is the CEO and CIO of and backgrounds rallied together to protect the Low Road scenario. The chance of effective Studies have shown that historically there is Overberg Asset Management property and begin the tidy-up, filling the gap structural reform and an abandonment of a very high chance of civil unrest within 14 of essential public sector services. Citizens failed government economic policy must months of a pandemic, especially in poor they have not, as this reduces the probability showed courage and kindness, remarkable surely have increased following the past two countries which cannot afford the luxury of of escalation. Revolutions seldom take root decency and restraint in defending property. weeks. Even a blind man would be able to generous furlough schemes, as in the UK, or without charismatic leadership. The crisis has simultaneously shown the spot the evidence of policy failure. If after the $300 per week enhanced unemployment If this had occurred in the UK or any other country’s very worst but also its very best the events of the past week, the government benefits granted in the US. developed nation, the entire cabinet would aspects. True Ubuntu. still refuses to admit culpability, then perhaps In true form, the government is already doing have resigned. Not here. The government is The moment of reckoning has arrived. The the following scenarios have increased in its level best to search for a scapegoat. There looking for someone to blame. Rather than boiling frog experiment may finally be over. probability: A breakup of the ANC alliance were supposedly dark forces at play, “spooks” find a scapegoat, the government needs to The week marks South Africa’s Ground and the emergence of a two-party state. This who, according to the Minister of Police Bheki take the complete blame. The government Zero, a potential catalyst to end the failed would also be positive for the country’s long- Cele (Mr Hat) have conspired to de-stabilise needs to finally own up to the failure of its economic policies of the past 27 years. The term outlook. As with a recovering addict, the the country by inciting mass insurrection. economic policy. Perhaps the crisis of the past government now has the platform from first and most important step to recovery is There may be some ringleaders but if they week is just the catalyst to make this possible. which to embrace the private sector, reduce an admission of addiction (failure). really mean to change the political direction of It might be wishful thinking but once the so- government interference, reject odious the country, why have they not come forward BBBEE regulations and inflexible labour called perpetrators have been rounded up, the Read the full article here with a visible presence? It is fortunate that government might own up to the root of the laws. These are handbrakes on investment and SAs eyeing property investments in Mauritius

Brought to you by Brenthurst Wealth International projection for the country is The Brenthurst subsidiary in Mauritius, Brent optimistic, with strong recovery anticipated Wealth, offers a comprehensive investment in the medium term. The African Economic service and can assist with permits, company ore and more South Africans Outlook, issued in March 2021, projects GDP structures and property investment. are eyeing property investment growth to stand at an average of 7.1% for the and relocation to Mauritius as next two years while the IMF WEO issued in Read the full article Mthe island continues to introduce changes April 2021, estimates a growth rate of 6.6% to make it an attractive investment and for the year 2021. residence choice, against the backdrop of A new strategy will be adopted whereby the collapse of property investments on Mauritius is seeking to attract new talents home soil. through amending the various permits on Mauritius started to relax restrictions with offer to foreigners in association with the a phased approach and opened its borders EDB and MTPA to achieve that Mauritius last week to vaccinated travellers (for now, is the preferred destination for retirees and excluding South Africans) and will open long-term stay tourism. further from October 2021 to fully vaccinated The challenge that Mauritius is currently travellers, subject to a negative PCR test facing is a no-growth population the last few 72 hours prior to boarding, welcoming Gavin Butchart is the head of Brent years with fertility rate of 1.4% and an aging holidaymakers, residents, investors and Wealth in Mauritius population. This has resulted in a gap in the travellers back to the island. workforce and the country has no other choice Unlike the local market, where property for Mauritius and foreign investors. to open skills and market force to foreign values have largely stagnated and declined Below are some of the highlights from the nationals in order to invest, work and live in in many regions, in 2018, property prices in recent budget speech. Mauritius. There are currently around 6,400 Mauritius were 133% higher than in 2010 and Gross Direct Investment (Inflows) for active occupation permit and residence permit continue to grow. 2019 stood at Rs 21 billion while for the holders in Mauritius, representing only 4% The recent 2021/2022 annual budget first 3 quarters of 2020 (Jan-Sept) were Rs of the resident population as compared to presented by Dr. the Hon. Renganaden 9 billion, contributing largely towards Real Singapore (37%), New Zealand (22%) and Padayachy, Minister of Finance, Economic Estate Activities and Financial & Insurance Luxemburg (47%). Planning and Development in June 2021 also Activities. In terms of markets, France and Brenthurst Wealth has partnered with well- seems to support the move to relaxing the South Africa represent the main sources of established developers in Mauritius, offering entry for foreigners and their families to the foreign direct investment flows, ensued by attractive commercial and residential projects island with the Economic Development Board USA, UK, Switzerland, UAE, and India. specifically for South Africans looking to (EDB) calling this budget “Better Together” Mauritius lost 17.9 percentage points of invest in the property sector with no fear of and could potentially open a whole new world GDP growth, contracting by 14.9% in 2020. land expropriation and a great quality of life. 8 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM SPONSORED “Now is the time to get our house in order”

n this week’s Currency Focus, Andre bigger. We should not forget that that was Cilliers explains why, despite the where we traded in the 14s or the 13s and we civil unrest in KZN, the rand’s value jumped up as high as 16 before that decision Ihasn’t dropped as much as one would have was reversed and Mr Pravin Gordhan was expected. However, he says that we still appointed. So no. Yes, it was turmoil. Yes, it need to get our house in order because was chaotic, but it was not the worst that the although international markets may have markets had seen. been distracted, soon investor confidence This is telling us that the rand as a barometer could be lost entirely. “This is by no means of what happens in South Africa is very over and definitely not a time to sit back and important and that it reacts very quickly think that it’s behind us. It’s still very much and that we need to get our house in order at the forefront and it’s a time where we have and to get rid of these quick, dirty events to make immediate and drastic decisions that influence so much and then damage our as to how it’s going to be handled [going] investor confidence on a long-term basis. You forward.” – Claire Badenhorst know, the event takes place for three days. The consequences stay with us for years On how the currency markets reacted to the and years thereafter. We have now seen that civil unrest Toyota issued a letter delivered to the mayor “Very immediate, but that’s typical with of Durban City where they expressed the markets. It’s very, very immediate, and we concern about what happens in KwaZulu- could see very immediately on the reaction Natal and specifically in the Durban area of the rand how much it weakened. But that and how damaging that is for companies was not the biggest weakening that I’ve seen and the prospects of companies and how they in my history. Having been around in 1985 start doubting whether they should put any “We need to change the moral compass that right, then these things are things that when Mr PW Botha had the Rubicon speech investment into the country. But that spills of people in South Africa. We cannot run will happen every two or three years. We will and we were closed down for two days – and over and it has long-term effects and that’s into streets looting and stealing and having have this kind of thing that happens to us that’s where the debt standstill was announced what we need to get right in this country. We criminal activity all the time. But to change and it will not build any long-term investor and the rescheduling of South African debt cannot afford this. Our growth figures cannot that we need to create jobs, we need to change confidence. So we need to work together as – the turmoil then was much bigger than it afford this; our currency cannot support these the gap in the bridge and we must build a private sector and government in changing was in this period. If we look at the move kind of moves, and we need to get our house bridge from between the rich and the poor. how things are done in South Africa.” when Mr Zuma announced the appointment in order.” We need to get people in jobs. We need to of Mr Des van Rooyen as the new Minister create jobs, and we need to give people some Listen to the full interview of Finance, the immediate reaction was also On what must be done now dignity. If we don’t do that, [if] we don’t get Entrepreneur Aisha Pandor on starting SweepSouth

rofmed, South Africa’s largest blindness. So the genetics part was looking could build something that helped busy people restricted medical aid scheme for at inherited diseases, looking at what causes like ourselves get a quick replacement for professionals, is producing an eight- them, and then trying to figure out how to a nanny or domestic worker, but in doing Pepisode vodcast series that explores how we fix them, which I think has a lot of themes that would also be helping people who work can take care of today, while simultaneously in common with entrepreneurship. Like you in this industry who are unemployed or building a positive vision of the future. The look at a problem, you try to understand the underemployed to find work opportunities.” fourth episode features Aisha Pandor, the problem space, and then the entrepreneurship ‘Accidental Entrepreneur’ who co-founded part is like actually, how do I solve that and On how they dealt with lockdown in 2020 SweepSouth – an innovative online platform make it applicable to hopefully a wide group “Where I’m grateful is the fact that up until for booking, paying for, and managing of people?” 2020, we’ve grown SweepSouth to the scale cleaning services for your home. Pandor where, you know, we were operating in a explains how she and her husband sold How SweepSouth came about number of different cities, in a number of almost all their possessions to take a chance “So sort of towards the end of the two years different countries. We had about 25,000 on a new business idea, which, fortunately, thinking about, you know, this is not quite service providers. So we were in quite a good grew into a major success. Her advice to working. I feel like you have to do work that place in terms of the traction that the business budding entrepreneurs? If you have an itch, Entrepreneur Aisha Pandor co-founded is aligned with your own values, your own had gained, and what that allowed us to do scratch it. – Claire Badenhorst SweepSouth purpose, and where you see yourself being during lockdown is to focus on how do we in the future. If you’re not doing that, then use this time when it’s very quiet, you know, Aisha Pandor on her background been curious, and that led me into going into you need to just, you know, take stock a little and we can’t roll out the service to 1) look “I think there’s a lot of sort of fun to our science as a field. The funny thing is, I wasn’t bit. So we resigned from our jobs. I resigned at really supporting all the service providers journey and a lot of unexpected twists and actually that good at it at varsity. I sort of along with my husband, partner, co-founder on the platform. So we put together a fund, turns. I sort of jokingly like to call the journey scraped through on a lot of my subjects. But in business. Same time, which also, again, a R12m fund to support SweepStars who going from a PhD to cleaning homes, which once we started getting into subjects where wasn’t really perceived well by the parents, wouldn’t be able to work during lockdown is how my mom phrased it when I told her you could do your own research, I really, really and we thought about different ideas and we and even afterwards because there were lasting that I’d be leaving studies and sort of, you enjoyed it. I decided to pursue a PhD, and as liked the idea of technology businesses. We’ve concerns about people meeting face-to-face in know, going to start a business. I started off I was getting towards the end of my PhD, I always believed in the power of technology to a home. That sponsorship lasted about seven as a science student, so, studied science at kind of thought, you know, what am I going really change the world at scale. We tried out months from April to October, end of October university. The sort of theme in my life has to do after this? As an academic, what will my a few different marketplace businesses and last year. We also, as a business, sat back and been that I’m just a very curious person by life be like? And I think more importantly, sort of came across the idea for SweepSouth reprioritised and used that quiet time to go, nature. Always want to know how things work. what will my contribution to South Africa be? by chance. you know, what’s important for us for the I was one of those annoying kids that always, My parents were both teachers, so they were Our nanny was going to be going away on next two to five years from a strategy point always asked questions. thrilled, you know, and very, very happy with holiday. She let us know; we were busy trying of view? And how do we use this time – how My dad eventually bought me one of those the fact that I’d gone from sort of struggling, to work on business ideas – very inconvenient do we use this time to realign our priorities?” little chemistry kits and was like, you know, partying varsity student to now someone who timing – and in trying to find someone to play with this and stop ruining everything was serious and was going to complete a PhD. replace her, we realised that there was a Watch the full vodcast here in the house. So, you know, I’ve always just I was looking at gene therapy for inherited business opportunity here, that actually we 9 | SATURDAY 24 JULY 2021 WWW.BIZNEWS.COM MOTORING Suzuki Ignis GLX: Boutique style, bargain price

By Jarryd Neves styling updates. A new front and rear resemble fighter jet toggles. White swathes With the rear bench in place, it measures a bumper (now sporting a skid plate) fresh- of plastic do their best to lift the ambiance middling 260L. However, fold it down, and ens the appearance, while a revised grille of what would otherwise be a sombre inte- you’ve got an SUV-rivalling 947L at your outique city cars – they’re bijou, brings it more in line with the rest of the rior. At this price level, don’t expect to find disposal. ultra-chic and easy to park. But range. soft-touch plastics or leather trim. Hard Fire up the four-cylinder 1.2-litre petrol unlike conventional city slickers, plastics are the order of the day – but do, at engine and it is barely audible. At start up, Bthey prioritise both style and practicality. least, feel solid. the naturally-aspirated motor is nicely set- Problem is, they tend to be rather expensive. Spec-wise, you’re getting a lot for your mon- tled, with no vibrations permeating the cab- Take a look at the price of a basic Mini One. ey. Rear parking sensors, a reverse camera in. With just 61kW and 113Nm of torque At just under R425 000, it’s undeniably and keyless-entry (with push-button start) on tap, you’d be forgiven for thinking the pricey. Fiat’s 500 is a far more palatable all come standard. Safety-wise, you get ABS Ignis was a bit of a slouch. But thanks to offering (in terms of price), but when you brakes, two airbags and ISOFIX child seat a lightweight construction (it weighs less remember it first debuted in 2007 (14 years anchoring. The cloth-trimmed seats are than 900kg), it feels positively sprightly. It’s ago), it loses some of that retro charm. comfortable and supportive, but I felt the agile, nippy and energetic to drive in town, pews could do with a touch more lower zipping away from traffic lights with gusto. back bolstering – slight discomfort can be That being said, a touch more torque would GLX models receive 15-inch alloy wheels felt on longer journeys. be appreciated on the highway. as standard. Note the updated rear bumper

It’s always been quite the looker, though. Up front – on the GLX model, at least – you’ll find LED headlamps with daytime running lamps. Flared wheel arches give it an aggressive look, while lovely styling de- tails (like the three style lines on the C-pil- While not as expensive as the Mini, it’s still lar) give it a distinctive feel. Suzuki does pricey if you want one with some goodies offer further personalisation options, if you thrown in. Financial foibles aside, they’re feel your Ignis doesn’t stand out from the both perfectly fine as wheeled haute cou- crowd. Despite the compact exterior dimensions The five-speed manual gearbox – as with ture – accessories for battling CBD traffic Inside, it’s equally as stylish. Wonderful (it measures just 3 700mm from stem to most Suzukis – is superb. Slick and easy-to- in a fashionable manner. styling details are peppered throughout stern), the Ignis has a deceptively large in- use, it adds to the dynamic driving experi- Offering an equally trendy approach to the cabin. The touchscreen infotainment terior. Thanks to a high roof line, there is ence. commuting is the Suzuki Ignis. Recently system (with Apple CarPlay/Android Auto plenty of headroom. Space in the rear is facelifted, the already funky crossover-es- functionality) appears to be floating, while decent, with two modestly-sized adults fit- Read the full article here que city car has been given a number of the climate control switches are styled to ting perfectly. The boot, too, is a revelation. Family value: The Renault Triber Prestige 1.0

By Jarryd Neves reasonably-priced Kia Sedona. Still, the ca- they are alloy wheels. The range-topping Auto, Bluetooth and USB capabilities), and pable Korean wears a price tag in excess of Prestige model also receives distinctive a cooled storage compartment. Rounding it R600,000 – not exactly what most consum- LED daytime running lights. all off is a reverse camera and rear parking he MPV – or multi-purpose vehicle ers can afford. Despite the compact body shell (the Trib- sensors – an absolute boon in crowded car – enjoyed a fleeting moment as the At the lower end of the price bracket, a few er measures less than four metres long), parks. preferred choice of propulsion for tried and tested contenders are available. it’s a true seven-seater. While not ideal for Tlarge families everywhere. That is, at least, One of the more recent additions to the adults (perhaps on a short trip), there’s an until the SUV became the darling of the segment is the Renault Triber. At R211,900 adequate amount of space for kids. The sec- school run. In the early ’90s, numerous well- for the top-spec Prestige, the price is rath- ond row is suitably commodious and can to-do families swapped out their 7-Seater er appealing. So too is the way it looks. It’s slide fore and aft, creating more legroom for Previa or Espace for a more rugged – and shrugged off the dowdy, MPV image for a those in the third row. An added benefit is more stylish – Discovery or Pajero. more rugged persona. Plastic cladding over the reclining backrest. the wheel arches, a faux bash plate and roof Up front, you’ll find the cloth-trimmed rails (which can carry up to 50kg) all lend seats to be comfortable and supportive. the Triber an SUV-aping aesthetic. The plastics, though hard, feel substantial and well-constructed. While attractive, I’m not sure the cream trim found on the door The interior is ergonomically sound and cards and interior elements is practical – if feature rich. Plenty of storage, too – it’s to be used as a family car. It does create including a nifty compartment housed an illusion of more space, though. While under the driver’s seat the third row of seats don’t fold flat, they stow away neatly. Flip them down and, ac- The 1.0-litre, three-cylinder petrol engine cording to Renault, you have up to 625 litres does without the encouragement of a turbo. This is a trend that has managed to stand of packing space. It’s remarkably frugal, with a claimed fuel the test of time. 30 years later, the SUV is The Prestige model is comprehensively consumption figure of just 5.5 L/100km. In still the ubiquitous family car, South Afri- equipped. Indeed, you’ll find air-condi- my time with the little seven-seater, I man- can tarmac positively swamped with For- Chunky SUV styling enhances the appeal tioning, electric windows, central locking, aged to achieve an average of 6.5 L/100km. tuners and Discoverys. In fact, they’re so of the Triber. Note the rear parking sensors ABS brakes and four airbags. But there are While not as frugal as the manufacturer’s popular that just a handful of MPVs are left and roof rack (which can carry up to 50kg) some surprising bits and pieces in the cab- claim, it’s still notably economical. With just on the market. in, particularly at this price point. As stan- 52kW and 96Nm of torque, the Triber’s per- On the premium side, you’ve got the Mer- The impressive ground clearance (182mm) dard, the Triber receives keyless entry and formance is best described as steady. cedes-Benz V-Class and VW Caravelle. helps too, while the handsome (and decep- push-button start, a touchscreen infotain- Read the full article here Slightly more down to earth, you’ll find the tive) hubcaps will fool many into thinking ment system (with Apple CarPlay/Android