Archive for June 20th, 2008

Daily Archive
Friday, June 20th, 2008

SA consumer under enormous pressure

By Kevin Lings
For a number of months we have been highlighting the enormous and increasing pressure on the consumer. This follows a four-year period of astounding growth in consumer income and spending, as well as an unprecedented increase in consumer debt. The release of the Q1 2008 SARB Quarterly Bulletin yesterday provides some additional evidence […]

No Comments » - Posted in South Africa by Prieur du Plessis
Friday, June 20th, 2008

SA current account deficit increased to 9% of GDP in Q1 2008

By Kevin Lings
In Q1 2008 South Africa recorded another shock current account deficit, equivalent to 9.0% of GDP. This compares with a deficit of 7.5% of GDP in Q4 2007 and 8.1% of GDP in Q3 2007. In value terms, the current account deficit widened to a record R194.7 billion from R157.7 billion in Q4 […]

No Comments » - Posted in South Africa by Prieur du Plessis
Friday, June 20th, 2008

Jeremy Grantham: No Quick End to the Pain

This post reports on an interview of The Globe and Mail with highly regarded money manager Jeremy Grantham. He discusses the lie of the investment land, providing some stimulating and thought-provoking input. In short, it may not be 1929 all over again, but he sees no quick end to the pain.

3 Comments » - Posted in Money, Markets, Investment by Prieur du Plessis