Snippet 2020 – 18

Economics Economics is the painful elaboration of the obvious …. Last week I attempted to entertain you with bos-sums, which led to rather dismal conclusions and the usual unfortunate comparison with Zim. What now? An SA economist pointed out that only two avenues of...

Snippet 2020 – 17

Economy Please bear with me; I would like to do a bos-som (Rockspider calculation): SA’s GDP is some 350bn $; our tax on this is approximately 28% which equals to about 100bn $. If SARS collects 30% less tax this year, then we will need to borrow about 30bn $ (working...

Snippet 2020 – 16

Economy If – our Treasury predictions come true – between 3m to 7m SA jobs will be lost as a result of the protracted lockdown; a 32% drop in state revenue is expected this tax year. the International Labour Organisation predictions come true, almost half of the...

Snippet 2020 – 15

Economy Everyone is suddenly an economist and the topic has become quite overtrodden: the fact is that throwing borrowed money at the lockdown has two essential difficulties associated therewith: our same sub-optimal and corrupt administration has to administer/dole...

Snippet 2020 – 14

Economy It’s the economy, stupid. A phrase coined by Carville and made famous by Clinton: a couple of weeks ago, the functioning of our economy was an arcane topic, entered into by politicians, pretending to be ideologues, to various ends and economists, to whom no...

Snippet 2020 – 13

Economy Perspective. Our state, as mentioned last week, had a mere half billion Rand to offer as aid following on the pandemic – because it is broke. This week, Eskom said that it will take R56bn from the existing state bailout… not to speak of SAA waiting in the...