The Money Show The Best Bits of The Money Show: Power Elite Book: AI, Gold & Bubbles
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Oct 11, 2025 Ongama Mtimka, an academic and acting director, dives into the relevance of C. Wright Mills’ The Power Elite in South Africa's political landscape. Warren Ingram, a financial advisor, shares strategies for navigating market bubbles and stresses the importance of a solid investment plan. Veteran stockbroker David Shapiro discusses the dynamics of gold and AI stocks, highlighting market psychology and central bank influences on gold demand. Lastly, entrepreneur Noleen Samuels reveals her journey with BioCure in the waste management sector and the importance of sustainable practices.
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Power Elite Explains Security-Political Nexus
- C. Wright Mills' concept of a concentrated 'power elite' helps explain modern intersections of political, military and underworld influence in South Africa.
- Ongama Mtimka links Mills' ideas to the Madlanga Commission and contemporary security-politics nexuses.
Elite Composition Is Changing Rapidly
- South Africa's elite is shifting with rising Black-controlled groups and powerful union bosses in strategic state sectors.
- Ongama Mtimka warns these changing constellations complicate transformation and control of ports, rail and other economic levers.
Start With A Clear Investment Plan
- Set a clear investment plan that specifies allocations to shares, bonds, property and offshore exposure based on age and risk tolerance.
- Use the plan to make disciplined decisions like selling down positions to rebalance rather than chasing market fads.
