This week, the British Parliament voted against a ‘no-deal Brexit ’, American and Chinese leaders continue to quarrel over trade deal negotiations, the US Senate voted against Trump’s wall as some Republicans stood up to a bully, President Trump.
wThis week there were further developments in Trump Land regarding Paul Manafort, the trade war, and the denuclearisation of North Korea. It seems as though Eskom was riddled with corruption and will need a great deal of nurturing before it becomes a viable entity.
This week was a busy one for the Trump administration – President Trump had a summit with North Korea, heard Michael Cohen’s testimony against the President, and had to deal with the ensuing national emergency initiated by President Trump’s wall.
Tito Mboweni delivered his budget speech this week, presenting a bleak but frank assessment of what South Africa will have to do to fix our economy. As South African eyes continue to widen over just how much work there is to be done, it is good to reflect on how much worse things could have…
We will get to a day where we do not talk about Brexit, the trade war, or Eskom woes but today is not that day. Theresa May’s appeal has been squashed by the House of Commons, trade deal negotiations are largely stagnant, and Eskom has made South African’s realise that we weren’t nearly as pessimistic…
It has been a busy week as President Donald Trump delivered his State of the Union Address and President Cyril Ramaphosa delivered his State of the Nation Address. The impact of Ramaphosa’s SONA is unclear, as the rand pulled back along with other Emerging Market Economies.
January has come to an end and bought relief to investors as most of the loses of December were regained. The MSCI All-Country World Index recorded its best monthly performance since March 2016, along with the S&P 500 which had its best performance in 30 years.
This week has been filled with the inspiring insight of world leaders and forward thinkers in Davos, along with the uninspiring continued drudge of the US government shutdown (now on Day 35) and the Brexit negotiations.
The Government Shutdown in America is now the longest ever recorded. Theresa May is under pressure to coordinate a Brexit deal. Macron is trying to resolve the “yellow vests” protests. And China’s economic growth is set to lower in 2019.
