Tag Archives: debt
Coronavirus Amplified: Interruption for Hamburgers & Lizards
In the Year of Our COVID, we’re making ashes with the bones of ourselves. I interrupt my coronavirus info blog series to share frustrated opinion about hamburger fatties and green lizards… THE LIZARDS I’m not an economist. I don’t understand most of the figures they flash on TV as ‘proof’ of what’s up/what’s down. However, it’s impossible for the financial industry (whose job it is to be profitable) to be profitable all the time. We must constantly remind ourselves that the only way they can do their job is to … Read the full article…
Mini Budget Speech, Massive Doom & Gloom
Minister Finance Tito Mboweni is to be credited for delivering overdue honesty regarding the state of South Africa’s economy. He did so during the medium term budget speech, what some call the mini-budget. It’s also good news that the National Prosecuting Authority’s budget is going to radically increase. But positivity dies there, overwhelmed by a storm we have little chance of clearing. BUDGET INTENTIONS The intended unbundling of Eskom, and SAA partnership with private companies, will be stopped by unions. The R59-billion Eskom bailout Eskom just received is harsh fact … Read the full article…