Forget about thriving export industries while protecting plodding companies

From ArcelorMittal SA and SAA to Hulamin and Daybreak Farms, where the state goes failure follows

PREMIUM

The more I learn about what central planning does to industrial policy, the less hope I have for it. I know my views are not important, and that, as the CEO of the Steel and Engineering Industries Federation of Southern Africa (Seifsa) put it the other day, I am “a campaigning man who writes with presumed authority on a wide range of topics”.

Quite. The head of Seifsa is a former journalist who, as a newspaper editor, would on occasion publish his own poetry on his pages...

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