SA's growth of 1.2% in 4Q 2021 has yielded an overall positive 4.9% GDP growth in 2021, which is a welcome rebound in the economy after the devastating -6.4% growth in 2020.

The further 25 basis points rise in interest rates by the MPC today was widely expected by the markets and economists.

To unlock our future, we must invest in our people – and fast – to build a new culture of innovation, proactiveness, and risk-taking.

It is clear from the latest budget statement that, apart from Covid-19, the SA of today is paying dearly for yesterday’s mistakes.

There’s one question that few are asking; what kind of economy is it that we want?

Putting events and indicators into fuller context.

Moody's decision to reduce the outlook for its credit rating of the SA government from 'stable' to 'negative' is not unexpected in the light of SA's weak economy and deteriorating public finances.

Gold has remained a reserve asset in the most important central bank balance sheets and more recently we have witnessed the highest gold purchases by central banks since 1971 and an ongoing trend to repatriate gold reserves.

The truth of the matter is that we are stuck, and desperate times do call for desperate measures. However, we must be cautious not to create a state of disarray and anarchy.

The problem with the NDP and other plans has hitherto largely been one of lack of adequate implementation.