Much has been made of the surge in the vote for conservative VF Plus in the most recent South African elections. But if you look more closely you can see that only 415 000 of the 36-million South Africans eligible to vote, or a little over 1% made their cross for the party. The really … [Read more…]
I am still amazed that some South Africans think social #grants represent “people sponging off the state”. I’ve even heard this from people in poor communities, which benefit directly from grants. Around 44% of total amount in the budget allocated for social grant money goes to pensioners. It’s a small amount, R1 780 a month … [Read more…]
When no money changes hands my attitude is: This is what I have written, and if you don’t like it, don’t publish it.
How to fight back and delay judgment when you are rightly accused of wrongdoing (summarising an opinion piece by legal expert Pierre de Vos): 1. Don’t deny the specific allegations or findings made against you. 2. Instead, complain about procedural irregularities in the investigation and/or 3. Raise counter-complaints about the behaviour of others – ie … [Read more…]
They came together to discuss media – and you’ll never guess what happened next The problem with media economics, according to one of the academics presenting a paper at this conference, is that economists don’t understand media. One could also say that media scholars don’t understand economics. And neither understand finance. And the practioners, the … [Read more…]
The most surprising thing about the State of the Nation address wasn’t the violent ejection of the red berets. That’s a rerun of an old movie. It was the President’s failure to mention the major State-Owned Companies at all. They have featured prominently in the news as drivers of transformation as well as sites of … [Read more…]
After listening to the besieged and much-admired Finance Minister unveil the mini-budget, the question that is on my mind is: What would a radical budget look like? Interest in what Pravin Gordhan had to say was high this year for political reasons. I guess many people tuned in to the Medium-Term Budget Policy Statement because … [Read more…]
16.09.1939 – 07.09.2016 Oxford-educated and incredibly sharp, Howard Preece for a time dominated economics journalism in South Africa. The former editor of the Rand Daily Mail’s finance section won the economics section of the Sanlam Awards for Financial Journalism often, and the overall award four times, starting in 1975. He was editor of the finance … [Read more…]