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for August 2017

Q2 2017 – Economic Commentary

Two key local developments in the past month were the release of the latest iteration of the Mining Charter, followed a day later by seemingly unwarranted comments by the Public Protector on the mandate of the South African Reserve Bank. Both events proved negative for the currency, continuing an unfortunate trend of negative news that…

Q4 2016 – Economic Commentary

United States equity markets surged ahead in November as the prospect of a Trump presidency held the promise of increased spending in the economy. Soon enough, investors started questioning where the money would come from – especially in a climate in which the national debt has inflated to historic highs. Furthermore, one of the nation’s…

Q3 2016 – Economic Commentary

Our comment this month seeks to distill a range of views put forward at a recent BCA (Bank Credit Analyst) Conference held in New York in late September. Speakers included Paul Volker, Larry Summers, Kevin Warsch, senior strategists from BCA, a range of external speakers and Michael Hayden, former director of the CIA. The theme…