“Never let a good crisis go to waste”. Winston Churchill Have you ever stood on a cliff and felt the way your mind and body respond to the threat of being one step away from sure death? It is a
Debt spiral – deal with it now or never
Volatility provides opportunities
You had to feel a little sorry for our newest finance minister when he presented the recent mini-budget. Stuck between “a rock and a hard place” with no room to manoeuvre. SA has literally hit its fiscal cliff with the
Why SA Inc’s rating has been downgraded
The rating downgrade is not the concern, but the reason for the downgrade is. Rating agencies primarily consider two critical factors when issuing a credit rating. Firstly, your ability to pay back the debt and secondly your willingness. How does
Political ping-ponging as economy weakens
The recent political rhetoric or should I say open warfare between the premier league a.k.a. Zuma and cronies vs. the reformists is heating up rapidly and likely to get a lot worse before the ANC elective conference in December. The
Zuma-saga: We only hope sanity prevails
Why all the fuss over the recent cabinet reshuffle and the firing of Pravin Gordhan (PG) as Minister of Finance. Quite simply the treasury has been “captured”; the next institution under threat would be the Reserve Bank and then the
2017 Budget – Striking a very delicate balance
Several years back I wrote an article titled “Lekker by die See, maar duur by die See”, which translated means “Nice by the Sea, but expensive by the Sea”. The gist of the article was the prospect of future higher
You cannot unsee what has been seen
The title of this week’s article refers to a comment made by a Coronation Fund Manager in reference to the indiscriminate firing of Minister Nene by President Zuma and then the subsequent reversal four days later when Des van Rooyen
Is “this time is different”?
Sir Franklin Templeton, one of the greatest investors of this century, is quoted as saying the four most expensive words when it comes to investing is “this time is different”. The current level of negative sentiment in SA is resulting
Is South Africa going broke?
Is there a fiscal crisis in SA; this is a nice way of asking if SA is going broke? In my opinion there are sufficient signs to warrant concern. In 2008 SA domestic debt as % of GDP stood at