Snippet 2020 – 05

Economics The BER announced that it expects our GDP growth to arise to 1.2% next year, double that expected for this year. The fact is that the triple challenge of poverty, inequality and unemployment will not be addressed with economic growth at this rate. The...

Snippet 2020 – 04

Economics If we take the state of our economy today, with 18-million people getting social grants, it means reprioritisation of the budgets will not pull us out of that problem. What we need is new capital, capable of creating new jobs and boosting manufacturing.”...

Snippet 2020 – 03

Economy Only one commentator picked up on the absurdity of the Development Bank of SA loan to SAA: the stated primary purpose of the bank is to promote economic development and growth and to improve the quality of lives of people and promote regional integration...

Snippet 2020 – 02

Economy The Mercury described SAA as having gone into a death spiral. Understandably, who wants to book on a plane that might never fly. This will definitely get worse. It appears that the downgrade of our credit rating to junk status is virtually a certainty. The...

Snippet 2019 – 36

Economy Past wild claims regarding the cost of corruption in our economy estimated losses in excess of 30% of GDP. The latest on this front is a note from Cliffe Dekker Hofmeyr which holds that we lose about 5% of our revenue yearly as a result of fraud: be careful....