President Cyril Ramaphosa said recently the State would spend more than a trillion rand over the next three years on building and repairing infrastructure. It sounds like a lot but it’s slightly more than just R300bn a year. Is that it? Public Works Minister Dean MacPherson tells Peter Bruce in this edition of Podcasts from the Edge the R1trn is just what the State has at the ready to spend with private sector partners. If the take-up is strong – across rail, ports, water, health, education -- it could double the State’s contribution and get the country to where we are investing the equivalent of more than 25% of our GDP – that finally breaks the growth barrier and gets people working. But government is slow and disjointed and MacPherson wants to see more spending coming through Infrastructure South Africa, which reports to him. Eskom’s transmission business, for instance, is buying land for the 14000km of new lines we need. Yet a lot of the land it needs to acquire already belongs to the government. So why pay for it? 

There’ve been voices raised around the failure, twice, of finance minister Enoch Godongwana to pass a 2025 budget through parliament, each time trying in vain to slip in a VAT increase to cover for the ANCs inability to grow the economy. We should not, the argument goes, be flinging mud at an institution so central to our democracy, actually mentioned in the Constitution, whatever the politics may be. That’s just nonsense, veteran financial journalist and former Treasury spokesman Jabulani Sikhakhane tells Peter Bruce in this edition of Podcasts from the Edge. “To whom much power is given, much is expected,” says Sikhakhane. “We criticise the judiciary so why would you not criticise the Reserve Bank or the National Treasury? The judiciary is a creation of the Constitution too. I don’t think they should be protected. To disagree with the Reserve Bank or the Treasury about policy or the decisions they makes very healthy for democracy.”

Former DA leader Tony Leon, in his new book, Being There, says DA Federal Executive chair and former party leader Helen Zille may have many positive qualities but that “I doubt the party brand is enhanced by her continued presence at the top of the organisation”. Peter Bruce asks him in this edition of Podcasts from the Edge whether he still believes that and whether he thinks the DA is right to fight to stay in the Government of National Unity despite being the principle cause of failure of the National Treasury’s two attempts to increase the rate of VAT. How does it fight coming local and national elections as part of a government run by the ANC?

“Over 20 years,” writer, investor and campaigner Bill Browder tells Peter Bruce in this Special Edition of Podcasts from the Edge, “Vladimir Putin and his friends have stolen a trillion dollars from Russia.” He has to distract his people or they’d lynch him and It’s why he can’t stop his invasion of Ukraine. Russia today, Browder says, is a much more totalitarian state than apartheid South Africa ever was. In this wide ranging discussion the author of Red Notice and, more recently, Freezing Order, reveals his favourite country in the world is South Africa. He has a home in Cape Town but dare not visit for fear that Putin would ask the South Africans to arrest him and hand him over. And he worries that they would.

Business for South Africa chairman Martin Kingston tells Peter Bruce in this edition of Podcasts from the Edge that business would prefer the current Government of National Unity to stick together despite the current crisis over the DA’s decision not to support the budget. Business is deeply involved in Operation Vulindlela, the reform process inside the Presidency but, says Kingston, they’re not going to interfere in the politics.

South Africa’s steel industry is in the crosshairs once again, and once again for all the wrong reasons. Itac, the department of trade, industry and competition’s trade regulator, has been instructed by minister Parks Tau to conduct arguably the widest tariff review in its history, of imported steel. This as Arcelor Mittal SA (AMSA), the country’s only integrated steelmaker, is being rescued by the State. The review threatens widespread price increases on imports — everything steel-related is included — from iron ore to wheelbarrows. The problem, as trade expert Donald MacKay tells Peter Bruce in this edition of Podcasts from the Edge, is that while literally hundreds of imported products will be reviewed, Itac normally takes 27 months to complete just one review. Parks Tau wants the review done by July!

Joel Pollak, probably the next US ambassador to South Africa, tells Peter Bruce in this revealing edition of Podcasts from the Edge, that President Cyril Ramaphosa and his senior officials got it hopelessly wrong when they responded to US President Donald Trump’s attacks on South Africa with personal criticism of him. ”When Trump commented on South Africa,” says Pollak, “you don’t accuse him of misinformation. People in the media can do what they want but the President of South Africa and senior officials and so forth — you just don’t accuse Trump of misinformation and you don’t say he was acting irrationally. That’s exactly the wrong thing to do. You try to understand where he’s coming from, you offer compromises and you get to a better place … But it was absolutely necessary for him to behave that way.”

If he were a young Afrikaner, former Gauging Premier Mbhazima Shilowa tells Peter Bruce in this edition of Podcasts from the Edge, he wouldn’t take up Donald Trump’s offer of refuge in the US, expropriation act or not. For a start, “as a young Afrikaner I would be educated enough to be able to read between the lines. Trump is offering refugee status; in reality if you look at the laws and the executive orders he has passed on refugees .., it is to stop everything. He will simply have many Afrikaners hyped up… in reality they have it better here." As for Trump and South Africa, rushing to Washington makes no sense. President Cyril Ramaphosa needs to wait until his ambassador in the US, Ebrahim Rasool, tells him he can sit him down with Trump. Otherwise you risk making a fool of yourself.

Industrial strategy consultant Jake Morris enters the hot topic of industrial policy and tells Peter Bruce in this edition of Podcasts from the Edge that localisation has its place in industrial growth strategies and shouldn’t be automatically written off as many of its critics do. But they are only a part of many bigger and older success stories. “We have no choice but to follow a manufacturing-led growth path and yet our manufacturing is in decline, not just in terms of output but more worryingly in terms of investment and especially in terms of investment in new as opposed to replacement capacity. We have to follow this path and we’re currently going the other way.”