Snippet 2019 – 34

Economics Flatlining. On Friday I was again privileged to attend an economic presentation by Nedbank’s Nicky Weimar. She says that our GDP growth, occillates between growth and recession, resulting in an average growth of 1% or less. This stagnation is not in line...

Snippet 2019 – 32

Economics A summary of what went down this week: SA has dropped two places to 84th in the Ease of Doing Business 2020 report, fifth in Africa. We implemented a single reform this year and 4 in the past 5 years. SA still holds the top position in Africa in terms of...

Snippet 2019 – 29

Economics Our PMI is at its lowest in 10 years; the IIF says that our SOE disaster could push our national debt to 95% of GDP. I seem to recall having read that once over 70% our economy will not recover? Casting around for comments on the topic, reveals that there is...

Snippet 2019 – 28

Economics Reform: Pali Lehola, our previous statistician-general, adressing economic and financial planning by our state, referred to our lack of forward-planning which has apparently been abandoned by our state. He speaks of our knowledge asymmetry: but we all know...

Snippet 2019 – 23

Economics The governor of our Reserve Bank expects an economic growth of below 0.8% this year. On the matter of economic growth, the IMF predicts a 3.2% global economic growth with a sub-Saharan economic growth of 3.4%. Its projection for South Africa is down to 0.7%...

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:...