RAINBOWS AND GENTLE SHOWERS AFTER THE STORM

I thrive on positive news – I’m sure we all do, although there are so many people out there who just see clouds of dust when there ARE rainbows in the sky!
This morning I popped along to the Fairmont at Zimbali for a really interesting, positive breakfast meeting hosted by the Ilembe Chamber, The Courier and the Robert Group. The guest speaker, Jeremy Gardiner, Director at Investec Asset Management, shared his insights on A Brave New World – his views on the South African economy of the future.
In a nutshell – What CR has achieved already: The Rand is 15% stronger; Foreign money is pouring into South Africa, Asset-forfeiture unit moving and arrests to follow; Rating agencies and lenders are very encouraged with what is happening in SA. With the global confidence, there will be more investment growth and more jobs.
An idea of what he going to possibly do next: Get growth going, stabilise debt, reform SOE’s (credible boards/CEO’s for Eskom, SARS Denel and SAA); Strengthen key institutions – law enforcement; Reduce the size of the cabinet; Tackle the Mining Charter and reform rural education.

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