Snippet 2019 – 14

Economy Stats SA reports that retail sales registered pedestrian growth of just 0.2% yoy for the first quarter of this year. It is estimated that our GDP may have dropped by about 2% quarter-on-quarter. Mining output had plunged 8.1% in February and had contracted...

Snippet 2019 – 12

Economy Business confidence dropped further to 91.8% in March, holds the SA Chamber of Commerce’s BCI. The primary factors contributing to this are the Rand exchange rate, interrupted power supply, electricity tariff increases and slowing manufacturing output. On the...

Snippet 2019 – 10

Economy Skills: a note written by Bernstein, head of the Centre for Development and Enterprise, attracted my attention: she wrote on what was necessary to prime the virtuous cycle of growth. Our politicians, in seeking to attract votes, make wild promises which can...

Snippet 2019 – 09

Economy StatsSA reports that our government’s gross loan debt stands at R2.2trl at present and should stabilise at R3.5tln. This equates to a present debt of R40 000 per person in South Africa. For a country where the long-term per capita income is expected to trend...

Snippet 2019 – 08

Economics Is it possible to grow an economy, paying attention to exclusion and inequality: inclusive prosperity? A Harvard professor believes that we could move away from what he describes as a perverted Keynesian model; yawn, take a look: Reference The hemline index:...

Snippet 2019 – 07

Economy The KZN in government has ambitions to bulk-buy for spaza shops: socialist drivel from a bunch who cannot properly distribute condoms. Rationality in retreat: the upcoming elections do not serve as a platform to establish a rational and sustainable economic...