Snippet 2020 – 34

Economics When the Prez, this week past, addressed us on the shortcomings of our public services, he touched on the essence underlying our current dilemma with the implementation of political policy. I grew up with the (British) understanding that the civil service...

Snippet 2020 – 33

Economics You will recall that growing our middle-class was a hot political topic some years back – the thinking was that “we” needed a substantial middle-class to ensure the retention of a democratic capitalist state. This week past there were mutterings of our...

Snippet 2020 – 32

Economics Mr Godongwana debunked the notion of using pension funds to bail out SOEs this week past. This pleased me immensely as, on checking, the only SOE that is making a profit, appears to be SAFCOL ; investing in trees is hardly a great pension move. The idea is...

Snippet 2020 – 27

Economics South Africa is reportedly in the 80th month of a weakening economic cycle, of which only the last three can fairly be attributed to CV 19. Self-made? Certainly. I was intrigued to hear a political commentator decline naming Zimbabwe as a failed state,...

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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 – 18

Economics Economics is the painful elaboration of the obvious …. Last week I attempted to entertain you with bos-sums, which led to rather dismal conclusions and the usual unfortunate comparison with Zim. What now? An SA economist pointed out that only two avenues of...