April 1, 2014

Salient Points from the Budget Speech “So the new economic order we seek cannot just be a pact amongst elites, a coalition amongst stakeholders with vested interests. Nor can it be built on populist slogans or unrealistic promises. Our history tells us that progress has to be built on a vision and strategy shared by leaders and the people- A vision founded on realism and evidence” – Pravin Gordhan, Budget Speech 2014. This philosophy espoused in the preamble to this year’s budget signalled the intention of the fiscus to address once again the serious problem of the gross inequality within the South African economy. It heralded a budget, which while fairly mundane, was nevertheless squarely directed to benefit the less fortunate in our population. Read the full article Market Commentary The quarter was characterized by a market roller coaster ride alternating... Read More