Snippet 2021 – 07

Economy The Rand and our bourse strengthened post Budget, positive growth figures were bandied about and things appeared rosy. Inexplicably (really?) economists are wary ( Reference ) and Fitch has doubts. The fact is that belief will be suspended pending the...

Snippet 2021 – 06

Economy Hungry for good news: a somewhat startling prediction, made by PwC, is that our economy should grow by 3.4% overall this year. I confess to being somewhat sceptical as we could, even in recent memory, not get near to this kind of figure. The fact is that our...

Snippet 2021 – 05

Economy What’s in a word? Our pretend leaders have this habit of bandying around or repurposing words which I perpetually must look up – the latest crop are: Monetisation Not that new but repurposed – a report held that ACSA will have to monetise its non-core assets....

Snippet 2021 – 04

Economy The latest predictions for South Africa’s spend/income ratio are that a deficit of 15.7% to GDP will result in this financial year. This is a given, and not much can be done about this. So, what do we look forward to? FDI is down by 45% on the previous year...

Snippet 2021 – 03

Economy Boundaries: economic buzzwords abound. Last year’s fiscal cliff is so…last-year: we are flying; the mere fact that this is a fly-now-pay-later scheme (like the wills Banks give us “for free”) shouldn’t hold us back. Today’s boundary (i.e., thou shalt not...

Snippet 2021 – 02

Economy Broke: a year ago, our economy was trundling along without any great prospects but with cracks starting to show. It took a decent crisis, exacerbated by decisions that would probably not be taken again in hindsight to highlight the fragility of our state...