It’s that time of year again where more than 3,000 of the world’s top leaders including heads of state, central bankers and representatives from many of the world’s top companies converge on the little town of Davos, Switzerland for the annual World Economic Forum (WEF).
Government’s push to water down the constitutional protection for property rights in South Africa by amending the Constitution should shock everyone of whatever race or socio-economic background. Every South African who owns property will be in jeopardy if the vital check of compensation is repealed.
With a unanimous decision, members of the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) voted on 17 January to keep interest rates unchanged, in line with analyst expectations. This follows an interest rate hike of 25 basis points (bps) in November 2018, which brought the repo and prime lending rates to 6.75% and 10.25%, respectively.
Members of the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) meet from 15 to 17 January to decide a suitable interest rate stance that sees inflation settle in the middle of the 3% – 6% target range.
‘Twas the week before Christmas after a year that was despairingly tough, When load-shedding made a comeback as plant maintenance hadn’t been enough. Our confidence was lifted high when the party finally recalled Zuma. But we still hit a recession and wished 'Ramaphoria' had started sooner.
853,000,000 results pop up when you google SUCCESS - tips to achieving anything, traits of successful leaders, steps to launching your million-dollar startup, even how to become the next Mark Zuckerberg. Most people tend to think the most successful entrepreneurs, business owners and CEOs we read about just got lucky. That the key to their success was the sum of the perfect equation of entrepreneurial traits, skills, money and background. Some magic formula the rest don’t have access to.
Industry grinds to a halt. Traffic stands gridlocked. Lights in dangerous areas go out. People sit in the dark. Whereas Christmas should usher in a time of jovial spirit, this December once again brings in load-shedding for South Africans.