Snippet 2020 – 39

Economy This week past Mr Ramaphosa, seeking investments, said that our state needs to be recalibrated and refocused; its capability having been deeply compromised. This view is shared by Business Maverick which ran an article headed: We are in such a deep hole that...

Snippet 2020 – 38

Economy Spending more: South Africa is burning up money it does not have at the rate of R2.1bn per day and has extended social assistance payments. The Fiscal Cliff Study Group has said that our public sector remuneration, social assistance payments and debt service...

Snippet 2020 – 37

Economy Res non verba is the motto of our family crest of arms, which my old man was desperate to perpetuate and I, probably the least suitable in our family (heck, my sister was bigger than I!), am the only surname bearer to produce sons (explained by the 1-sock...

Snippet 2020 – 35

Economy Our economy is starting to pick up and hope springs… There are, however, a few issues which simply will not go away, and few are as urgent as the governance and financial issues in local government. It is pleasant to argue about tax but if you have no water or...

Snippet 2020 – 31

Economics The current economic stats are old news: consumer confidence the lowest in 15 years; the BCI consumer confidence is up, but still negative, and so on. Interestingly and unexpectedly our JSE is up to pre-lockdown levels. Why? Essentially because the large...

Snippet 2020 – 30

Economy Last year’ s downgrade of SA Inc has led to R54bn in stocks being offloaded by foreigners. For the past 30 years, emerging markets have provided diversification opportunities for global equity investors. South Africa is listed on the MSCI index which tracks...