US shows same risk signs that made China uninvestable and AI bubble inflates – Sean Peche at BNIC#2
At BNIC#2 in Hermanus, one of the top-performing global fund managers, Sean Peche from Ranmore Fund Management, delivered a sobering analysis of markets, warning that the same factors that once made China “uninvestable” are now surfacing in the United States, from excessive executive compensation to government intervention and broken trust with allies. He cautioned that AI is in a bubble, tech balance sheets are weakening, and market fear could trigger sudden shocks. Yet, Peche stressed that disciplined value investing, finding “diamonds in the dust”, remains the best way to navigate crises and deliver long-term returns.
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Prince Mashele: ANC below 20% by 2029 - SA’s realignment needs elites to step up - BNIC#2"
At BNIC#2 in Hermanus, political commentator Prince Mashele delivered a hard-hitting Q&A session warning that South Africa stands at a historic “realignment moment.” He predicted the ANC will fall below 20% by 2029, with voters eager to punish the party. Mashele urged South Africa’s elites to step into politics to replace what he called “scoundrels” in parliament, stressing that only leadership, unity, and meritocracy can rescue the country from collapse. He dismissed Jacob Zuma’s MK party as a family rent-collection scheme destined to implode, and argued that black and white South Africans are increasingly ready to co-govern.
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BNIC#2 Prince Mashele: Leadership, education, unity key to rescuing SA from ‘gangster paradise’
At BNIC#2 in Hermanus, author and political commentator Prince Mashele delivered a hard-hitting keynote declaring the ANC’s era of dominance over. He argued the party is in its final, chaotic stage—marked by individual looting rather than governance—and predicted at least 15 years of unstable coalition governments. Yet, Mashele was optimistic: South Africa, he said, is small enough to turn around quickly with the right formula—credible leadership, tackling crime, fixing public education, investing in infrastructure, and fostering unity across race. He urged elites from all communities to begin honest dialogue, warning that without action, South Africa risks remaining a “gangster paradise.”
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BNIC#2 Frans Cronje Q&A: ANC “immunised against reform” while Cape builds future as global winner
At BNIC#2 in Hermanus, political scientist Frans Cronje warned that the ANC’s collapse is both inevitable and avoidable—simple reforms could revive growth and even secure the party’s future, yet internal paralysis and structural resistance to change make this unlikely. He described Ramaphosa as a consensus-seeker unsuited to crisis leadership, predicting that rather than saving the ANC, he will preside over its demise. Cronje argued that South Africa faces a fork in the road: either a functional unitary state with easy fixes, or Balkanisation. He also pointed to the Western Cape as a long-term winner regardless of national outcomes.
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Fresh from China, veteran mining analyst Peter Major joins Alec Hogg to unpack what he saw on the ground - from jaw-dropping infrastructure to a mining industry firing on all cylinders. He warns that while gold rockets to record highs, South Africa’s own mining sector is shackled by policy failure and a broken cadastral system. Plus, we look at Anglo’s global battles, Orion’s Glencore breakthrough, and why smart investors should keep an eye on copper.
South Africa