An interesting aside on tax bracket creep, is a BankservAfrica note which says that, if inflation is considered, the average annual growth of South African salaries after tax and expenses has only been 0.5% for the past five years.
Cesa reports that the confidence levels in the consulting engineering sector has deteriorated to the lowest level ever in the first six months of this year. Many engineering companies are said to be operating in survival mode. One wonders if the promised state capital spending will come in time.
Buy proudly South African? Bell has commented that an appeal to patriotism over price simply removes import pressure from local producers. Price is king – see above.
Australian scientists are reported to have discovered a nanophotic device which can increase Internet speeds by up to 100 times by harnessing twisted light beams. This may well turn out to be one of the great discoveries of our time.
