Monthly Archives: October 2012

No escape from history

The biggest failure of the current government in South Africa is not necessarily the education system, but rather the perception thereof and the inability to create a culture of education amongst the poor in South Africa. This is not a recent problem, it is as a result of a nation that protested formal education in […]

Future of SA economy – Chanell Smit

The future for the South African economy The strikes that played off in South Africa the last couple of months certainly did not do South Africa any good as the future now looks unstable with many investors withdrawing and losing confidence in South Africa. Although South Africa is facing troubled economic conditions, such as cutting […]

How Banks Played a PART in the Financial Crisis!

The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the federal inquiry. The financial crises emphasises the importance of banks, their tendency to lend recklessly, and the role that deposit insurance plays in creating moral hazard. It all started […]

South Africa’s Potential

South Africa is a country that has the economic potential to growth at 5-to 7% as some of the other leading emerging counties has achieved. According to the World Completive index is South Africa the best in infrastructure by far in Africa, the highest GDP per head which is $11 000 at purchasing parity and […]

Greece and their struggling path

The global economy has experienced slow growth since the U.S. financial crisis of 2007-2008, which has exposed the unsustainable fiscal policies of countries in Europe and around the globe, thinking that the commodity boom and income revenue where permanent. In the other hand Greece, spent heartily for years and failed to undertaken fiscal reform, was […]

South Africa’s supposed “bright” future

Introduction  South Africa as a young and vibrant emerging democracy has made significant inroads into obstacles represented by its historical background. Few countries are privileged enough to have such a background and yet such a future. With such an interesting history it is no wonder that there is so much speculation regarding its future. Some […]

The LIBOR Scandal explained

In an article called “Explaining the Libor interest rate mess“ by CNN, Andrew Lo, MIT professor of finance referred to the LIBOR scandal as “dwarfing the magnitude of any other financial scam in the history of financial markets”. The event can therefore intuitively and securely be connected to just about any field of contemporary economics […]