December 29, 2019

Have the fiscal warriors thrown down the gauntlet to unhappy workers?

Finance Minister Tito Mboweni’s Medium Term Budget Policy statement must certainly go down as one of the economic highlights of the past year. It reminds me of one of those mischievous moments when yo...

December 1, 2019

Passing the buck to future generations.

It won’t be the first time that I have been castigated for maintaining that fuller context can change perspectives around economic issues. I was once ridiculed by a newspaper cartoonist who drew me as a helper in the corner of a b...

November 11, 2019

Putting events and indicators into fuller context.

There’s been much talk lately about “changing the South African narrative” – helped along no doubt by our Springboks; the President’s remarks at the latest Investment summit and the R700bn investment pledges. But still,...

October 18, 2019

Recent thoughts on restoring the metal as the core of money.

Very few South Africans have not been affected in some way or another by mining, specifically gold mining. Many of my generation were intimately tied to gold mining: families migrating from one site to another...

September 9, 2019

How much can we still trust prices and statistics?



As pre-teen kids one of our favourite schoolyard games was marbles. We would draw a circle and each player would place some marbles in it and then take turns in pitching a bigger marble or "goon" at them. Those struck...

August 12, 2019

The impact of behaviour on the unemployment crisis.


We have become a nation of takers. Without recognising this we will not fully understand the true nature of our persistent unemployment crisis. That is informed by the simple logic that when people by and large are ta...

July 15, 2019

Time to hold individuals behind corporate and financial malfeasance accountable.

Justice is the supreme condition that makes societies work. Few things can drive people to greater anger and frustration than when justice is seen not to be done. Yet it has been a feature...

June 17, 2019

The power of changing some of our economic assumptions and promoting flexibility.

The global trade wars remind one of a see-saw in a park: the one end depressed with a heavy kid and the other a much lighter child suspended in the air. They both could represent trade tar...

May 6, 2019

The greatest experiment in the history of global finance is underway.

Many events in history have passed virtually unnoticed in their time, only to prove highly significant a few years later. We are currently experiencing a fundamental shift in global finance – an exper...

April 9, 2019

The impact of electioneering on our widening trust deficit.

Within hours of the new incoming SARS commissioner, Edward Kieswetter introducing himself as a “people’s person”, his organisation announced that there would be no reprieve for late submission by the many taxpa...

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