• Monthly Archives

    February 2019

    Budget over, now for the elections

    By | Economy

    On Wednesday last week Minister of Finance Tito Mboweni delivered a very boring budget speech. Eskom was a hot topic and our growing debt to GDP ratio and under-recovery of income tax will have the rating agency Moody’s considering a further downgrade for SA. There is not much else to say and most of the news was thoroughly covered in the press on Thursday last week in any case. Read More

    South Africa

    SA is a risky place

    By | Economy

    Eskom is imploding and you can be sure that it will drag the country down with it. Rating agencies regard Eskom as a big risk to the well-being of South Africa but politics is preventing the obvious solution, which is privatisation and partial replacement with renewable energy. Read More

    timing

    Stop timing the market

    By | The Market

    Nowadays, we hear a lot of people say they are finished with equities and are going to convert everything into cash. A few years ago, when equity markets gave us double-digit returns, we heard a lot of people say they were going to take all their cash – and borrow some money – to buy more shares. Read More