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Why a Weak Rand Won't Save Us

05 March 2014

Adrian Saville, CIO of Cannon Asset Managers, explains the fallacy of relying on a weak currency.

Critical skills shortages, rising crime, political instability and poor government service delivery continue to dampen SA business growth

05 March 2014

Grant Thornton IBR survey for Q4 2013 reveals local concerns dramatically hampering business expansion.

2014 National Budget: fiscal consolidation could be further delayed

25 February 2014

Finance Minister, Pravin Gordhan, is scheduled to table the country’s 2014 National Budget to Parliament on 26 February 2013. Given that downside risks to economic growth projections have escalated recently, we expect National Treasury to scale back on their growth forecasts, thus threatening a delay in reigning in the budget deficit to a more palatable 3.0% by the end of FY16/17. This may raise the risk of a further deterioration in government debt metrics and thus prevents us from ruling out the potential for further negative rating action.

Don’t expect earth-shattering changes from this year’s Budget – it’s an election year

20 February 2014

This year’s National Budget is unlikely to contain any dramatic surprises and probably won’t include any changes to VAT or Capital Gains Tax rates. Significant changes seem to be limited to non-election years. Think e-tolls, which were hurried in just before the end of last year.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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