Different types of predictions

As part of the run-up to my overview of my own predictions for 2012, I thought i should highlight why I bother at all. Most predictions, most of the time, will be wrong. Crystal balls aside, it is nearly impossible to reliably, accurately predict future complex events. However, the process of rigorously considering what might […]

Income inequality over average income

In South Africa we have a major income inequality problem. It’s historical (accumulated wealth, accumulated skills) and current (disastrous public education) and isn’t going away any time soon. The free market argument here is to forget about income inequality per se and focus on economy friendly, business friendly policies that will grow the entire economy […]

Three Years of Mumbling

I can’t believe how the same blog post is basically exactly relevant, word for word, 3 years later. Eskom produces electricity for the country and makes a profit or a loss doing so. This profit or loss goes back into treasury, which, inefficiencies aside, belongs collectively to the citizens of South Africa. If prices are […]

Should South Africa import Chinese TVs?

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 […]

Coffee as the thin edge

Pick n Pay is starting to gain some useful insights into customer behaviour and purchasing decisions at different stores. They’re using coffee as a key product to better understand who buys what, where and when. ¬†They’re tossing out (more likely de-emphaszing) LSMs as a method of categorising customers and moving to more sophisticated measures (including […]