Snippet 2020 – 25

Economy More or less? I am confused as to where we should go, economically speaking. Should we tighten our economic belt, spend more, or both? Tito has called for the former; this week a bunch of PhD’s and similar, called for more expenditure. My gut says that you...

Snippet 2020 – 24

Economy I don’t believe we have an economic or financial problem in South Africa. We have a political problem. Dawie Rood ‘Potamus rising: the world debt is, on average 100% of world GDP. Ours sits at 81% of our GDP. Better than many, but, when we are spending 21% of...

Snippet 2020 – 23

Economy Can Dr Doom be right again? Roubini, a New York University Prof, sprang into prominence when his 2006 warning, that the US housing market would collapse, proved true. He now predicts a post-CV19 economic rebound, followed by a collapse beneath the weight of...

Snippet 2020 – 22

Economics Economic news in Africa, and closer to home, is not great, as may be seen from the following: the average share of African government revenue that goes towards external debt service has tripled over the past 10 years to 13%; Angola, Africa’s second-largest...

Snippet 2020 – 21

Economy We need guidance? “A developmental state does not necessarily mean higher levels of state ownership, but high levels of guidance.” IDC and SA Development Bank chairman, Enoch Godongwana. Eskom: whilst SAA tends to attract more attention, the total debt...