Money Meandering

Alec Hogg

Alec Hogg is a writer and broadcaster. He founded Moneyweb and is its editor-in-chief.

Get in touch with Alec Hogg on: Twitter | E-mail

16 February 2012 07:48

Warren Buffett just doesn't "get it" on gold – Cutifani

Oracle of Omaha supported from unlikely quarter, Anglogold’s biggest owner sells R1.3bn shares.

Anglogold Ashanti’s CEO Mark Cutifani is to local mining what John Biccard is to asset management. Biccard is the man other money managers would most trust to handle their savings. In mining, Cutifani’s astute management has raised the bar for an industry where performance was once measured by volume of rock through the mill rather than gold delivered.

14 February 2012 12:12

Steve Jobs proves who you marry makes all the difference

Jobs supports Warren Buffett's bridal advice

Walter Isaacson’s biography on Apple’s Steve Jobs gets one feeling it’s a pity biographies begin, as they must, with the subject’s early years. After the first 200 pages, many will be tempted to throw away the tome, tiring of a brattish Jobs who typifies much of what the rest of the world dislikes about American businessmen. Narcissistic, immature, downright nasty – his dark side blunts the admiration we have for his obvious brilliance. But persevere, as I have, and a different picture starts to emerge. Nobody can fail to admire Jobs. As you watch him mature as a human being, you can easily start to actually like him.

What should have been the middle part of Steve Jobs’ life is riveting. For me, it mostly supports...

09 February 2012 13:16

Why Google is not winning the war in Africa

Its CEO says Africans are forced to cough up 20 to 30 times what Americans pay for data.

Google executive chairman Eric Schmidt - data costs for Africans are "20 to 30 times" what Americans pay; fixing that will unleash another billion people into the digital age

Any African could get excited about the goings-on at last month’s World Economic Forum annual meeting in Davos, Switzerland. Everywhere the news was good.

The PwC CEO survey, for instance, showed African business leaders to be the only ones worldwide more confident than a year ago. And in one session after another, we got to see a wave of emerging African leaders who care more about their people than Swiss bank accounts.

02 February 2012 15:46

SA business’s first social media war

...and the winner was…Frankie’s.

MOOI RIVER - Frankie’s, the mouse that roared, has prevailed against retailing giant Woolworths. It’s been a stunning victory. The tiny rodent has beaten the elephant. Frankie’s won because of the social networks that drew its friends together. An army of mice that overcame the elephantine opponent one tweet at a time.

It has been South African business’s first real social media war. An example of the way public opinion is likely to be shaped in the age of Facebook of Twitter. As Woolworths CEO Ian Moir put it: “The world has changed. You need to become far nimbler. After what happened with Frankie’s, we are better prepared.”

31 January 2012 14:56

An insider’s perspective on Frankie’s

Insider reckons Woolworths may have overstepped the mark.

The Frankie’s saga has certainly caught the imagination. There are a number of really well informed comments under my original Moneyweb story that are worth having a look at – some pro-Woolies but most anti. I still think Woolies’ CEO Ian Moir is a decent man who has been misinformed – and that once he gets a handle on the true facts, he’ll act appropriately.  Whatever the future holds in that regard, focus on the issue has certainly opened many eyes up to realities of retail in South Africa. In that context, here’s the e-mail I received from someone who prefers to call themself “Informed Retail Source”.

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