Archive for September 14th, 2008

Daily Archive
Sunday, September 14th, 2008

Zimbabwe settlement – a cause for celebration?


By Roelof Horne
Is the Zimbabwe settlement a cause for celebration? The answer is “yes”. But unfortunately, the yes is a whisper, not a roar. The people of Zimbabwe needed peace, and a power-sharing government should ensure that. For that, we celebrate with all Zimbabweans.
But the Zimbabwean economy needs more than peace. It needs generosity from [...]

No Comments » - Posted in South Africa by Prieur du Plessis
Sunday, September 14th, 2008

The Rand’s long and winding road


By Cees Bruggemans
For over six years now, counting from mid-2002, the Rand has been 95% of the time in 6-8:$ territory. Can that kind of stability continue indefinitely?
Not really, finding ourselves today at 7.80-8.00:$, with a likely persistent current account deficit of 7%-8% of GDP (much closer to Kiwi’s 8% than Aussie’s 5.5%). And a [...]

No Comments » - Posted in South Africa by Prieur du Plessis
Sunday, September 14th, 2008

Words from the Wise: Gone Deal-making


This weekend my “daytime” job – executive chairman of Cape Town-based investment management firm, Plexus Asset Management – requires my undivided attention to put a very exciting deal to bed. The bad news for my readers is that time does not permit compiling an edition of “Words from the Wise” today.

No Comments » - Posted in Investment, Markets, Money by Prieur du Plessis