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RSA 2013 Christmas sales outlook

17 October 2013

The nominal growth in December 2012 retail sales of 6.1% (1.5% real) was by far the worst performance since 2009 and significantly below our expectations. This below-par year-end result was in stark contrast in the strong mid-2012 performance. Against this backdrop, and taking into account the assault on household finances, the current modest mid-year performance may well be expected to presage a disappointing year-end outcome.

The makings of a winning nation

17 October 2013

At the recent annual meeting of the International Monetary Fund (IMF) and World Bank, economists from around the globe expressed concern about South Africa’s unstable economy, saying we can expect more economic turmoil next year.

The great US debt stand-off: Why we predict a timely resolution

15 October 2013

An impasse between the US Senate and Congress on raising the debt ceiling could potentially be catastrophic: credit markets could freeze, the value of the dollar could plummet, US interest rates could skyrocket, and the negative spill-overs could reverberate around the world. This could precipitate a financial crisis and recession more severe than the Great Depression. As one Wall Street analyst has said, it would be like “preparing for a large asteroid impact”.

BETI shows sharp downward pressure on the economy

10 October 2013

Remuneration issues in South Africa’s labour sector, combined with problems with the country’s water and electricity supply, are undermining the economy’s hard-earned resilience. This is according to the latest BankservAfrica Economic Transaction Index (BETI), which was released in Johannesburg today.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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