In 2017, the Nobel Prize for Economics was awarded to Richard Thaler, who is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago’s Booth School of Business. In many quarters, Thaler was a controversial choice. For some in the profession, the idea that…
Brace yourself! The ANC’s transition is over. Zuma is out of office, the ANC has a new leader, and South Africa has a new President who has appointed a new Cabinet. Surely political dynamics will now stabilise, and we can all now get on with our lives and business. Two of the ANC’s Top 6,…
By raising South Africa’s VAT rate from 14% to 15%, the South African government indicated a willingness to take difficult (and unpopular) decisions in order to stabilise the fiscus. Coupled with the recent change in the President, this Budget should be enough to keep Moody’s on hold when they release their South Africa sovereign review…
No matter how hard one shakes, oil and water will always eventually separate. The two ingredients are by nature incompatible. This analogy describes the outcome of the 54th ANC Electoral Conference. The Top Six is almost split down the middle and the National Executive Committee (NEC) is exactly split down the middle. The proclaimed Unity…
At last, the results of the eagerly-awaited ANC Conference are in. While we await the results of the election of the National Executive Committee, the Top Six outcome gives a clear indication of where the ANC is going.
A day before the start of the ANC’s 54th Electoral Conference and there is still little evidence upon which to predict the outcome. At one level, this ought to be how democracy works. At another level, the uncertainty in this case is significantly driven by the real possibility of procedural irregularity and the bribing of…
The last US Presidential Election demonstrated a curious feature of democratic politics. Hillary Clinton, with the majority of votes, lost the US Presidency to Donald Trump who had more voting delegates. There is a real possibility that Cyril Ramaphosa (CR) might be left in the cold after the ANC Electoral Conference later this month. Electoral…
As the ANC’s Electoral Conference looms ever closer, the political environment becomes increasingly more uncertain. Fearing fear, as noted by Roosevelt at his presidential inauguration, may now camouflage the dynamics surrounding South African politics.
We at Dynasty are increasingly being requested by clients to pass an opinion on Bitcoin. In our view, the Bitcoin hype is directly correlated to the sharply appreciating trading price. The more it goes up, the more it sparks the public’s interest. We came across the following article from a respected, senior fund manager at Coronation, Neville…
