The Running Commentary

Well I got this wrong!!

Well I got this one wrong! No interest rate hike! I must say though, in mitigation of my previous post, the fact that oil prices have come down to the levels that they have would not have been predicted by even the most optimistic financier.The effect that this will have on food inflation means that…

Continue Reading

Mike • August 15, 2008

Interest rates up or not????

With economists currently divided about whether the next MPC (Monetary Policy Meeting) will increase interest rates, each delivering valid reasons for their argument. It appears to me that the governor must follow the policy that he set in place when he started this round of increases. This, I am afraid to say, means that he…

Continue Reading

Mike • August 4, 2008

Tito unhappy with Investec

Below is part of an article out of business report on comments made by the Governor of the reserve bank regarding the report by Investec that inflation figures, as reported by StatsSA are incorrect. Johannesburg – Tito Mboweni, the central bank governor, criticised Investec Asset Management yesterday for questioning the country’s inflation data, saying the…

Continue Reading

Mike • July 18, 2008

StatsSA cocks it again!!

Below extract taken from Moneyweb given by Andre Roux of Investec. I am noeconomist, but if this is true (and certainly every one “in the know” appears to corroberate the theory) then StatsSA have made a mistake. This is the second time in five years that they have done this, something needs to be done here…

Continue Reading

Mike • July 16, 2008