This week past the KZN Premier visited RBM in Richards Bay, following a strike which threatened closure of its smelter. The Premier reportedly directed the police to assist the company in enforcing the interdicts it had obtained against those interfering with its operations. If correct, it is a sad day that the police must be instructed to apply themselves.
A working paper by the National Bureau of Economic Research concludes that entrepreneurs who received advice from peers, with an active approach to managing people, setting goals consistently and providing frequent feedback to employees, grew 28% larger and were 10% less likely to fail than those who got advice from peers, with a passive people-management approach. Take a look:
