Archive for June, 2008

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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
Thursday, June 19th, 2008

Hunting peaks as growth sacrifice deepens

By Cees Bruggemans
As we approach midyear, the global and local scenes are still upping the ante daily.
Locally, we have just increased interest rates for the tenth time by 0.5% in two years, prime rising to 15.5%, with more increases likely. Perhaps not many more, but enough to turn yesterday’s outperformance to dust.
The economy is sending […]

No Comments » - Posted in South Africa by Prieur du Plessis
Wednesday, June 18th, 2008

Bear markets are never fun

By Shaun le Roux
Equity markets around the world are struggling. Most markets are down in 2008 and are not significantly above their lows earlier this year. The Shanghai Composite in China is more than 50% down on its October 2007 high.
Equity markets have had to grapple with a toxic combination of […]

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