Didn’t expect this? Then you were foolish.

FNB has confirmed that they will be pulling approvals for home loans on a large scale. Many seem to have been caught by surprise. Fools. To an outsider, it appears that FNB made a mistake in underestimating the trouble in the property market when they first gave these approvals. Their estimates of property price growth, […]

When you’re underwater, what’s the incentive?

Employee Share Options became popular during the tech boom of the last millenium. They were used before, but the explosion across more companies, across more levels of employees and as an expected part of executive remuneration was a product of the Silicon Valley boom. There are pros and cons for share options. Used correctly, they […]

Airlines and hedging – now there is praise

Was watching CNN last week, and heard that at least one major US airline, South West, has been making significant use of hedging to manage their fuel costs. Many other US airlines have not been hedging significantly. Another article mentioned that Lufthansa hedged around 83% of their fuel requirements for this year. Air France-KLM hedged […]