Posted inBusinessGeneralMedia

Remembering Howard Preece

Remembering Howard Preece 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 […]

Posted inBusiness

Where should the rand be?

For those who see conspiracy in the steep plunge in the value of the rand against the US dollar, the graph below showing the decline of the Australian dollar can only mean a similar conspiracy against the Australian currency. If you don’t believe in conspiracies — which is not the same as acknowledging that traders […]

Posted inBusinessNews/Politics

The poor economy is not all Zuma’s fault

Some lessons I have learned from reporting on economic crises: * Don’t fixate on any one cause. Economies are complex webs of interrelated phenomena. Interest-rate changes are not the whim of the central bank, ie the Reserve Bank. They depend on a range of other economic actors, including our government and other economies in the […]

Posted inBusiness

Greece: What you think you know may hurt you

“Nescience”. What a lovely word. It means not knowing. Looking at reactions to the Greek crisis, outside Greece, before and after a somewhat puzzling referendum makes me wish more people would accept the state of nescience on some issues. For me, the Greek tragedy presents a fascinating study of how politics and economics are inseparable. […]

Posted inMediaNews/Politics

In defence of journalistic objectivity

The appearance in public of senior editorial members of the Independent media group in ANC garb has occasioned a vibrant if sometimes bitter debate about independence and partisanship. What set off a lively and sometimes-acrimonious debate was an article by Daily Maverick writer Marianne Thamm, who raised the idea of journalistic “objectivity”. She wrote: “The […]

Posted inGeneral

Ten tips on how to be a colonial

1. Constantly compare your country, its people, its practices, its food, drink, scenery and products to the overseas version and always find the local version wanting. 2. Ignore the cynicism and spiritual poverty of nations who have seen better days. 3. Have no faith in home-grown solutions. Always look for international or European or US […]