Archive for April 9th, 2008

Daily Archive
Wednesday, April 9th, 2008

A risk manager exposed

This is an old joke usually told about chartered accountants, but equally applicable to risk managers.
A risk manager, walking down a country lane encounters a shepherd standing near a field of sheep. “If I can accurately predict the number of sheep in this field, would you let me have one?” asks the risk manager.
“Certainly,” replies […]

No Comments » - Posted in Humor by Prieur du Plessis
Wednesday, April 9th, 2008

It’s passing through the system… slowly but surely

By Jeremy Gardiner
As expected, the first quarter of 2008 produced more sub-prime write-downs, more US housing market turmoil, more US dollar weakness, more recessionary fears, higher inflation and fuel prices and fortunately for the US, lower interest rates.
Back home, the picture is much the same, yet milder. SA doesn’t have sub-prime issues; our housing […]

No Comments » - Posted in South Africa by Prieur du Plessis
Wednesday, April 9th, 2008

SA consumer confidence plunges

By Kevin Lings
The FNB/BER consumer confidence index, which was released today, fell significantly in Q1 2008 to +12 from +22 in Q4 2007. This is the lowest level of consumer confidence since the end of 2004 and a very substantial decline q/q. More positively, while the index is well below the peak at the start […]

No Comments » - Posted in South Africa by Prieur du Plessis