After what appears to be numerous complaints about the Allister Sparks' presentation at STANLIB's International Investment conference STANLIB has sent the following generic letter to all conference delegates.
The primary aim of the STANLIB international investment conference was to give the audience an overview of global markets so that they could make more informed decisions about their offshore investments. The midday slot was designed to take a step back from the immediate "Where markets are going?" debate and focus on key big picture events that might impact the global investment scene. One of the most pressing concerns at the moment is what is happening with the oil price and the potential knock on effect a run away oil price could have on global inflation and global growth. Oil has been responsible for two of the more significant shocks in the last thirty years, and because it is still the world's primary energy source, it has the potential to do the same again. As the Middle East controls more than 80% of the world oil supply, events in this region are of interest to the investment community and a peaceful resolution to the conflict is of great importance. That is why we thought it a good idea to spend some time at the conference discussing this topic. Our intention was to give a dispassionate analysis of the situation. We had a dry run of the presentation with our investment team before the conference and thought the presentation did just that. However, there has been some criticism of the presentation from the Jewish community and in hindsight it is clear that our assessment of the content was naïve. I want to use this opportunity to give you the categorical assurance that STANLIB has no ideological prejudice with regard to the conflict in the Middle East in general or the Jewish community in particular and disassociates itself from that interpretation. Yours sincerely George Brits |
Whilst I welcome this admission of naivety from STANLIB it further confirms the point I made in my review.
I did not for one second think that STANLIB was in any way prejudiced with regard to "the conflict in the Middle East in general or the Jewish community in particular." I just thought that they were unaware of what Sparks was about to say. But The CEO thought that the presentation gave a dispassionate analysis of the Middle East conflict.
The points this confirm are
- Disproportionate focus on Israel works: The CEO of STANLIB thought that this presentation, with its disproportionate focus on Israel, was a thorough analysis of events in the Middle East and how their effects on oil could impact on our shores. The reality is that most of the Middle East conflicts and problems do not have anything to do with Israel.
- Apartheid Analogies work: That the CEO of STANLIB viewed this presentation from a "passionate" Allister Sparks as "dispassionate" only serves to reinforce what I have previously said - the endless propaganda we have been subjected to has now become the established fact.
To conclude, I want to reiterate that I have never once thought that STANLIB has any prejudice regarding the Jewish community. For me this matter just confirms that the biased reporting we are subjected to in the media has had deep routed effects on the minds of most South Africans. And that is why we keep this weblog going.
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