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BREWING INFLATION:

Most economists still do not believe the South African Reserve Bank will move to raise interest rates any time soon. But governor Gill Marcus has cautioned that inflation pressures are becoming more broad-based and could reflect the emergence of demand pressures. How...
Mar 30, 2012

MUTED APPLAUSE:

There is little question that Eskom and the Department of Public Enterprises put in an extraordinary effort to help moderate the power tariff increases from April 1, 2012. For their labours, they deserve genuine praise. But the price shocks over the last few years...
Mar 23, 2012

Syrian Siege:

Last week, people were fleeing the Homs suburb of Baba Amr, in Syria. As they fled, they related stories of serious atrocities by the security forces. It is difficult for the claims to be verified, but tales of summary executions and the cutting of prisoners’ throats...
Mar 16, 2012

ON THE ROAD AGAIN:

The opposition remains as vociferous as ever. But the Gauteng e-tolling project appears to be back on the road, literally, with the South African National Roads Agency Limited having received a R5.8-billion fillip from the National Treasury, which has enabled it to...
Mar 09, 2012

Mighty Smack:

Perhaps the only hitting similar in its venom to Richard Levi’s record-breaking performance in Hamilton, New Zealand, was a smack dished out by President Jacob Zuma in response to some outlandish land claim comments made by his Agriculture, Forestry and Fisheries...
Mar 02, 2012

NO EASY ROAD:

The emphasis given to infrastructure development by President Jacob Zuma in his State of the Nation address has been widely applauded. But Zuma and his Presidential Infrastructure Coordinating Commission have some way to go if they are to close a credibility gap that...
Feb 24, 2012

LAST NAIL, BUT . . . :

The African National Congress’s (ANC’s) long-awaited report into mine nationalisation may officially still be a ‘study without status’. But it most certainly can be seen as the beginning of the end for a policy proposal that would have been an ‘unmitigated disaster’...
Feb 17, 2012

MIND THE APP

In January, Apple launched its iBooks textbooks for the iPad tablet, leaving school authorities globally to consider whether or not to adopt such materials. Some South African schools have already decided to take the leap, with many of the early adopters being the...
Feb 10, 2012

TURNING OFF THE TAPS

Internal African National Congress politics aside, most South Africans are relieved that the National Treasury is finally taking active steps to deal with poor financial controls, fraud and corruption in Limpopo. It is unfortunate that the intervention has become...
Feb 03, 2012

Screeching Halt:

The proposed February implementation date for the controversial Gauteng e-tolling system was unceremoniously scrapped in early January by the newly appointed South African National Roads Agency Limited board. No promise was made about abandoning tolling entirely,...
Jan 27, 2012

ENTER THE DRAGON:

The Chinese New Year, which will be celebrated on January 23, will herald the start of the ‘Year of the Dragon’ – one of the 12 animals featured in the Chinese zodiac. The dragon is considered especially auspicious and it is, thus, expected that many Chinese families...
Jan 20, 2012

SUNSET CLAUSE

As the sun sets on 2011, there is already an economic disclaimer attached to prospects for 2012 – and it’s not even in the fine print. Every newspaper, every economic commentator and just about every politician is warning that it’s going to be a tough year. The...
Dec 16, 2011

FEELING EMPOWERED

A total of 6 209 Kumba Iron Ore workers became pretax half millionaires last week, when the JSE-listed group paid out R2.7-billion as part of the first phase of an employee share ownership plan, or Esop. What is more is that all the beneficiaries are below the...
Dec 09, 2011

BLACKOUT TUESDAY

There is no doubt that the Justice Portfolio Committee did some sound work in refashioning the Protection of State Information Bill into something that was almost acceptable.
Dec 02, 2011

NATIONALISATION RIP

It seems the nails are finally being hammered into the mine nationalisation coffin. Not only does the proposed policy of nationalisation without compensation run counter to South Africa’s Constitution and the country’s prevailing mining legislation, but it is also...
Nov 25, 2011

TOLL TUSSLE

The fight over the implementation of the Gauteng toll roads entered a new phase last week. The Department of Transport and the South African National Roads Agency Limited (Sanral) seemed to be singing from the same hymn sheet in terms of the system going ahead. But...
Nov 18, 2011

BUY SOUTH AFRICAN

Government, business, labour and community organisations signed a potentially far-reaching ‘buy local’ accord last week. An aspirational target of 75% was set for local procurement by government, State-owned entities and even business (but on a voluntary basis)....
Nov 11, 2011

POLICY RESERVE

The headline from the latest Medium Term Budget Policy Statement, released by Finance Minister Pravin Gordhan last week, was the rise in the deficit to help support the economy, which had lost momentum. But there was also a strong underlying theme of wanting to...
Nov 04, 2011
 
 
 
 
 
 
 
 
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