Eugene

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

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

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

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…

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