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...

Snippet 2021 – 01

Economy Almost as aside, the SEF and SFF obtained a Western Cape High Court order setting aside the 2015 sale of its strategic oil reserves at $31 per barrel to Glencore. The somewhat bland report says that a former SFF executive had unlawfully concluded a series of...

Snippet 2020 – 41

Economy The original sin, in economics, is having to borrow in a currency other than your own; especially if your currency may weaken. And we are there despite the fighting talk: politicians tell us that we will (read must) borrow money from the IMF, on our terms....

Snippet 2020 – 40

Economy Almost as aside, the SEF and SFF obtained a Western Cape High Court order setting aside the 2015 sale of its strategic oil reserves at $31 per barrel to Glencore. The somewhat bland report says that a former SFF executive had unlawfully concluded a series of...

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...