Snippet 2023 – 21

Economy & Business; Trends: The ABSA PMI for Q3 was downbeat with October at 45.4 (where 50 is neutral). Similarly, it’s Business Confidence index stood at 31 points. Not much good in this. However, there is some good news: The AG reported a noticeable...

Snippet 2023 – 20

Economy & Business; Trends: Hearteningly, there appears to be green shoots in what had been rather dismal financial predictions of late. Y-o-y private sector capital expenditure in the last quarter is up by almost a third, FDI has been boosted by our clean-tech...

Snippet 2023 – 19

Economy & Business; MTBPS Budget: Our Medium-Term Budget Policy Statement has come and gone and there is little to be said about our economy which is not common news. The following is our Finance Minister’s part-solution to the problem: “We propose a strategy of...

Snippet 2023 – 18

Economy & business; Trends: Times are tough, financially speaking, in South Africa today. This is reflected in Famous Brands’ (think Steers, Debonairs, Wimpy, Mug & Bean, FishAways etc.) drop in earnings of late. Government spending and income has been much...

Snippet 2023 – 17

Economy & business Trends Our exchange rate was trading at its worst level against the dollar since early June this week past. This prompted one writer to start talking currency crash; down from R13.7 in mid-2021 to a current level of about R19.1 to the US $....