Snippet 2020 – 02

Economy The Mercury described SAA as having gone into a death spiral. Understandably, who wants to book on a plane that might never fly. This will definitely get worse. It appears that the downgrade of our credit rating to junk status is virtually a certainty. The...

Snippet 2019 – 36

Economy Past wild claims regarding the cost of corruption in our economy estimated losses in excess of 30% of GDP. The latest on this front is a note from Cliffe Dekker Hofmeyr which holds that we lose about 5% of our revenue yearly as a result of fraud: be careful....

Snippet 2019 – 35

Economy Tito Mboweni says that SAA is a vanity that we cannot afford: I cannot help but hope that the mother of all strikes moves management to choose between the horns of the dilemma of either declaring insolvency or fire staff. The fact is that SAA is seriously...

Snippet 2019 – 33

Economy Our MTBPS has come and gone; somewhat depressing as it outlines an economy on autopilot. The malaise affecting our economy has not been addressed. The gentle pruning of cost alone will not stimulate our economy and a tax shortfall surely awaits us; hence the...

Snippet 2019 – 31

Economy A very interesting development in our economic debate is the apparently growing (if grudging) acceptance of the new economic recovery strategy plan flighted by Treasury. When first released in August, this was regarded as a non-sanctioned shot in the dark. Our...

Snippet 2019 – 30

Economy Zimbabwe: same old; hyperinflation is now such that the price on the shelf may change before you get to the till. I am gobsmacked by the stupidity of its voters – but then, democracy in Africa has become a joke. Same old: The WBF, in its Global Competitiveness...