Thank heavens for grey hair!

Q3-2017 Quarterly Market Commentary

Geopolitical events worldwide made concentrating on the markets somewhat difficult during the last quarter. A snap election in June in the UK and the German election at the end of September provided the political bookends to the quarter, certainly as far as the Eurozone was concerned, and while President Trump’s sabre-rattling in the Middle East

Thank heavens for grey hair!

South African Reserve Bank – Sacrosanct institution or government plaything?

Earlier this year, the Public Protector (PP), Ms Busisiwe Mkhwebane, a well-known Zuma acolyte, sought to dredge up a decades-old rescue of the SA financial system by the South African Reserve Bank (SARB), alleging ABSA benefitted improperly at the time. Last month, she compounded her folly by drafting an amendment to the SARB’s mandate which

“Evil prospers when good men do nothing.”

“Evil prospers when good men do nothing.”

South African Market Comments Last night’s late and sinister announcement by the State President in his cabinet re-shuffle has shaken the country for several reasons: At least half of his inner cabal warned him not to fire the Minister of Finance. His political alliance partners warned him not to do it. Business leaders warned him


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