Snippet 2019 – 25

Economy South Africans are awash in grim economic news led by a faltering GDP, burgeoning population growth and political incompetency. Some notes on green shoots were published this week past: Citadel reports on high 2018 FDI investment which it believes signifies a...

Snippet 2019 – 24

Economy Engineeringnews ran an article by Bloomberg, reporting that foreigners are ditching SA bonds and stocks at the fastest pace on record (i.e. since 1998) and outflows are accelerating. You must love how this is explained: SA’s fundamental picture remains very...

Snippet 2019 – 22

Economy This week past newspapers reported that Egypt had floated its currency and accepted the pain that went with that. The result was that Egypt’s inflation slowed to single figures and FDI into Egypt has been higher than anywhere else in Africa. Now in Zimbabwe…...

Snippet 2019 – 21

Economy Moody’s reports that South Africa has the highest private sector debt to GDP ratio in sub Saharan Africa at 148%. The next highest is Kenya at 28%. Its conclusion is that the potential for organic growth by banks in South Africa could only be had by...

Snippet 2019 – 20

Economy President Mnangagwa says that the re-introduction of the Zimbabwe dollar will be a “return to normalcy”. If one were a sceptic, normalcy means bankruptcy and high inflation. The US dollar is predicted to slide into a modest bear market; i.e. 5 – 10% from...

Snippet 2019 – 19

Economy The week before last it was reported that Zimbabwe would be releasing its own currency by year end. It’s interim currency, the RTGS $ has plunged 60% against the US $since February and things are getting worse (its annual inflation reached 97% in May alone)....