Matthew Lester: Postponed retirement reform is victory for rich, not unions
Initially I was stunned when Finance Minister Nene postponed the retirement reforms due to be implemented on 1 March 2015; all because of Union pressure.
Gordhan
SACCI worried about Zuma’s “interventionist” tone
From the SA Chamber of Commerce and Industry: SACCI welcomes the new Ministerial appointments and the creation of a Small Business Ministry but remains concerned about the interventionist tone of recent official statements. The cabinet shows a commitment to the priorities in the President’s inauguration speech of yesterday, these being accelerated infrastructure investment; radical economic … Read more
Gordhan and Marcus: Don’t necessarily expect more rate hikes this year
Investors pay close attention to interest rate movements. For good reason. Interest rates reflect the price of money. And this is the key to the way all investment vehicles are priced. High interest rates translate into lower equity and property prices and vice versa. So when there a reversal occurs in the interest rate trend, … Read more