Many words were used to describe the budget. They include “balanced”, “difficult but fair”, “understandable”, “conservative” (a major bank), “the price of the Zuma-years” (an analyst), “we had no option”, “balanced act under circumstances” (SACCI), “inevitable and enough to prevent a downgrade” (Raymond Parsons and PwC), “stabilise debt” (a journalist), “necessary bitter pill” (OUTA), “tough […]
All that budget bollocks! by Dawie Roodt Read More »
The following article by Dawie Roodt takes a look at our current status. So, we got downgraded, as expected. In fact, the rating agencies gave us plenty of leeway to correct our sinful ways; to repent. But wickedness, rent seeking, dishonesty and plain evil lead to the inevitable. But the markets expected a downgrade which
Without Zuma, we are a screaming buy! Read More »
An interesting article by Dawie Roodt. “It’s budget time again and economists and analysts are expected to say what they think the minister of finance will announce in his speech. This is also a time when economists get the opportunity to “advise” on all things fiscal: taxes, state spending, borrowing, debt, key ratios and mysterious things designated by incomprehensible
The new dominant class, and how they will squeeze you yet again Read More »
As we exit 2016, I would like to share with you the following well written article by Izak Odendaal, Economist at Old Mutual Multi-Managers – expanded on by Private Client Securities – Four questions for 2017. Please Read on…
Four questions for 2017 Read More »
Greek Prime Minister George Papandreou is certainly not the most popular statesman in the European Union (EU) after the stunt he pulled this week. Following his call for a national referendum on last week’s proposed EU debt deal he really painted himself as the EU’s big bad wolf. The deal, comprising a €130bn rescue package
The week in economic perspective – The big bad wolf Read More »
Not too long ago certain labour movements, political parties and even a few economists called for “a weaker currency”. Now we have one; their silence is deafening! Obviously a weaker currency will make it easier for exporters to compete internationally. Their input prices mostly remain rand based while they receive dollars (or another “hard”
The consequences of the currency by Dawie Roodt Read More »
Sanlam Besigheids- en Professionele Markte, Ekonomiese Oorsig : September 2012 Klein sakeondernemings, het dikwels hoë rathefboom-verhoudings en is geneig om tydens periodes waar rentekoerse skerp daal en groei sterk versnel, goed te presteer. Een voorbeeld is die tydperk vanaf middel-2003 tot en met laat in 2007 toe die reële Bruto Binnelandse Produk (BBP) groei gedurende
Kleinsakeondernemings het ? hupstootjie nodig Read More »
The SARB lowered its main repo interest rate by 100 basis points (1%-point) to 10.5%, as effective from 6 February 2009. Read more about the highlights of the MPC Statement.
MPC Interest Rate Decision – Be Careful for that Heartburn, Tito… Read More »
