Blog Posts

The high price of IMF loans Can the country afford it?

Last night’s announcement by President Ramaphosa highlights the massive impact COVID -19 is having on all of our lives. Allied to a booze ban and a curfew, we are going to have to deal with many pressing economic decisions and consequences in the coming weeks, not...

Winter of discontent for banks

The first signs came when Nedbank issued a trading update in late May. Earnings for the half-year to fall by at least 20%, bad debts to rise. This was not unexpected but was still a cold reminder that South African banks, much like banks overseas, are entering a tough...

Please Mr Governor, can I have some more?

My recent take on the SARB’s rate cut announcement. Bottom line; it’s a good start but he should have gone a whole lot further and it is now time for other sectors in government top play their part. The plea from citizens as the bowl of the economy is scraped bareBy...

Banks Stand Solid In The Covid-19 Crises But Can Clients Bank On That For The Future?

Cause for Concern …. The banking sector is likely to be forever altered as a result of the Covid-19 pandemic. I do see the South African banks surviving the crisis, but expect some individual stress and strain. See my take and that of Mike Brown (CEO Nedbank) below,...

Business Predictions Post-Corona

Your Home is Your Castle My recent ruminations on the state of the residential property market as discussed with Shaun Harris during April 2020.I think realistically there is cause for optimism - the sector is transforming itself and more importantly it is going to be...

Cracks In The Property Wall But They Can Be Repaired

Your Home is Your Castle My recent ruminations on the state of the residential property market as discussed with Shaun Harris during April 2020. I think realistically there is cause for optimism but the sector is transforming itself and more importantly… it’s going to...

Can’t Pay Won’t Pay!

Never thought I would be an advocate for the rule of law, but here I am promoting the sanctity of commercial transactions. On a slightly more serious note I do see scope for a more pragmatic approach to simple turn over clauses in the post -Covid 19 apocalypse. See my...

Grow some Balls Mr. Governor!

Pleased to see that my advice has been heeded by the Governor, with the recent further 100 point cut in the repo rate. Please see my full comments below in an article I interviewed for with veteran financial journalist Shaun Harris. Quite frankly I did not think I...