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© 2016 South Africa - The Good News Budget 2017 – What was left out?
BUDGET 2017 – What more could have been said? …………A lot! by Steuart Pennington So the Budget Speech 2017 has come and gone. I watched the interview with Ministers Gordhan and Jonas the evening before. The talk was much about ‘you can’t have transformation without growth’ and ‘you can’t have growth without transformation’. All good stuff and perfect common sense, but transformation does not excite investment, policy certainty does. You can’t have growth without investment, and you can’t have investment without policy certainty’ should have been at the core of the Minister’s message. His concluding comments should have placed more emphasis on the challenge of exciting local and global investment (italics – my words): SA Investment returns over 100 years – world beaters?South Africa produces best investment returns over 100 years: global survey by Jackie Cameron www.biznews.com South Africa looks like a scary place for equity investors as political behaviour at the top of the ANC goes from bad to worse. But, in the long run, South Africa has consistently produced the best annual returns for investors. This is according to research that takes in not far off 120 years of equity market history. Rapid industrial change over the past century has fueled insatiable demand for commodities. As South Africa is commodities-rich, it has benefited hugely from the radical transformation of the world’s economy. Also registering consistently higher returns have been Australia, the US and Canada. The study, by a global financial services firm in conjunction with London-based scholars, takes in 23 markets and more than 90% of the investment universe. Although investment advisers are quick to point out that past performance should not be an indicator of future performance, it is hard not to feel tempted to stick to what has been an obvious winner: a commodities-flavoured investment portfolio. These figures, meanwhile, also highlight that it is important for investors to pay close attention to the major events or technologies set to change the world as these developments are a major force in driving money around world markets. As much as President Jacob Zuma and his captured clique might get up your nose, these figures are a feel-good reminder that there can be much bigger influences at play in the outcomes of our portfolios than domestic politics.- Jackie Cameron Ernie makes a proper difference!WE CAN BE PROUD OF OUR ERNIE ELS By Dale Hayes I have just returned from almost two weeks in America and as always, I had a wonderful time. Els for Autism We took the opportunity last week to visit the Els Centre of Excellence in Jupiter, Florida last week. This is the home of the Els for Autism Foundation and Junior School (Primary School) and they are in process of building the Senior School (High School), which will open in July this year. THIS WEEK'S FAST FACTFast Fact: Budget Infographic 2017 GOOD DEEDS - CORPORATESabinet supports maths and science skill development in SA Uplands Outreach is delighted to present our Impact Metrics Infographic for 2016. GOOD DEEDS - |
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