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 – 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 – 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...