Posted inGeneralNews/Politics

Dear Greece

No. of comments: 11

It is not the best of times. I’m not sure what the problem is over there, but it seems to be affecting everyone. Angela Merkel is angry, your own prime minister looks a little bewildered and the people of Greece, you, are hurting most of all. As far as I can tell your banks let […]

Posted inGeneral

The African Renaissance for Dummies

No. of comments: 24

I’m probably going to make a fool of myself publishing this column, as it is about the economy, and I know very little about the economy. Until very recently, for instance, I was still under the impression that the Eurozone was a trance state one reaches during deep meditation. Apparently, it’s not that at all, […]

Posted inBusinessGeneral

Eurozone crisis: Where things stand

No. of comments: 11

On Tuesday, President Jacob Zuma’s office announced that South Africa will contribute $2-billion (R16.3-billion) to an international fund created to bail out Europe’s debt-stricken nations. The government’s pledge is part of a $75-billion commitment from the Brics nations – Brazil, Russia, India, China and South Africa – to help bolster a $456-billion rescue fund administered […]

Posted inBusinessNews/Politics

Macroeconomic convergence within the SADC region

No. of comments: 4

Since its evolution from the Southern Africa Development Co-ordination Conference (SADCC) into the Southern Africa Development Community (SADC), the Southern African regional formation has targeted gradually deepening its integration, starting with the creation of a free trade area in the coming decade. In addition to this free trade area, further goals such as the achievement […]

Posted inBusinessGeneral

Euro crisis: What are they on about?

No. of comments: 13

Europe’s debt crisis is looming large over the global economy. Reports are everywhere you turn, but they are often confusing. They tend to be heavy with jargon and light on background. The following quote from a story published by Reuters recently is fairly typical. “German debt prices rose and Spanish bond yields briefly jumped on […]

Posted inBusinessGeneral

The economic week in review: Timeo Danaos

No. of comments: 3

Fear of the Greeks was the dominant economic theme of the week. Greece’s failure to form a new government after inconclusive parliamentary elections last week drove markets broadly lower as concerns mounted that Europe’s debt crisis may soon get a lot worse. Elsewhere, America’s central bank hinted that the world’s largest economy may require further […]

Posted inBusinessNews/Politics

Rebuilding the Eurozone brick by Bric(s)

No. of comments: 15

Europe is in crisis. After a reasonably calm last few months, massaged by a trillion-euro stimulus from the European Central Bank, it seems as if the dark clouds are once again forming over the continent. This comes after the news that Spain’s bond yields have skyrocketed based on concern that the country (which is the […]

Posted inBusinessGeneral

The economic week in review: Unsettling

No. of comments: 8

The week began with elections in France and Greece that cast fresh doubts on Europe’s ability to contain its ongoing debt and economic crises. The week drew to a close with a slew of disappointing data in China. In between, the United States sent out mixed signals and South Africa reported a rise in unemployment. […]