The Brookings Financial and Digital Inclusion Project measures South Africa one place behind Kenya in terms of financial inclusion. I’m still working my way through the full report, but Kenya’s score is a significant jump above South Africa and the closely contested positions below it. Is Kenya genuinely making such inroads or is this a […]
I know of far too many actuaries who think that the “average” SA85/90 table is an appropriate base for their insured lives mortality assumption. It’s not. It’s also a good example of “actuarial sloppiness”. To be specific, it is equally inappropriate if your current experience is a reasonable fit for the combined SA85/90 table. SA85/90 […]
S&P declares Argentina to be in default for the second time in 13 years and the third in 25. Inflation is likely to hit 40% this year and the Peso has already lost a quarter of its value this year, measured against the US Dollar. Messages? This time isn’t different, sovereign debt crises happen all […]
The astoundingly useful guys at FT Alphaville pointed me towards this Gerard Minack analysis of emerging market returns yesterday. The message is that high growth economies don’t necessarily translate to high equity returns. The argument can be summarised as this: Earnings growth is correlated with economic growth Valuation changes contribute significantly to equity returns and […]
After discovering how China’s inflation is plummeting, I now discover how badly India’s economy is doing. I’ve been too focussed on European woes to recognise how widespread the economic problems are. More bad news.
Should South Africa import Chinese television sets? Your answer to this question depends probably on your education. If you were university educated in South Africa, you are likely to be in the market at various times in your life for a large LED backlit LCD panel with a high refresh rate and more HDMI inputs […]
Chavez has instituted price controls in Venezuela. So now it’s hard to find flour. And toilet paper. It’s only not laughable since these policies are affecting everyday Venezuelans and damaging the economy, which is the last thing a slightly wobbly South American economic and political setup at the moment.
The DA is quite negative on the new taxes proposed for the mining sector. They seem to argue that higher taxes will discourage employment and investment. I haven’t analysed the details thoroughly so maybe they are correct. I suspect that it’s more dogmatic following of views from those who don’t understand the pros and cons […]