Myths and legends-unemployment
Employers and Capitalists generally argue that unemployment in SA can be reduced if we cut the unit cost of labour. The left generally argue that unemployment is structural, so cutting labour cost will...
View ArticleKeen interest on low interest
In response to the fiscal crisis and associated recession, central banks in the many advanced economies have embarked on a ultra easy monetary policy, with interest rates about as low as they can...
View ArticleWhen you live forever
Its estimated that more than a third of children born in the UK today are expected to live to 100 years old. Scientists predicting this may be wrong about the exact number, but they’re right about the...
View ArticleWhy Marikana is bound to repeat itself
I’ve watched the video footage of the Marikana shooting from various camera angles, trying to make up my own mind about what happened that day. My first thought was that there were more people reported...
View Article… and a partridge in a pear tree!
With farmworkers adding their voice to the growing number of South Africans vocally discontent with their lack of prosperity, it appears as though this round of strikes is eventually going to find its...
View ArticleSo it begins
The announcement by Amplats that they will probably retrench 14000 staff and close some shafts, apparently came as a surprise to some. I can’t see why. Business has been warning for years that South...
View ArticleInflation, the invisible tax
While Capitalism is (I believe) better at creating prosperity than Communism, there are admittedly a few issues. One of the pitfalls of Capitalism is that, when wealth gets concentrated into the hands...
View Articleborn free, taxed to death
With the budget speech approaching in SA, the public are usually invited to make some suggestions, so I figured I would make a few of my own. A bit of background first. There are three main taxes in SA...
View ArticleZimbabwean coffee
As previously alluded to, resource industries like mining and farming, industries that are tied to the land, are quite different from other industries. First, they are not mobile. A manufacturer that...
View ArticleSewing our own parachute
Ideally workers should earn a higher minimum wage, so say the unions. I agree with them in principle, ideally every worker should earn a decent living wage, proper pension and other reasonable...
View ArticleInterest rates, what the heck?
If you’re a South African resident, then I don’t have to tell you that you get stupidly little for your money in the bank. Interest rates range between 4-5% for cash, and after SARS takes their...
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