Reading an article today on Fin24 which headlined, “UK hunts SA financial skills” got me thinkig about what is actually happening in terms of skills of people working in the South Africa financial sector.

I for one know quite a number of people working in the SA financial sector and not too many of them are thinking of leaving SA in this moment in time. Consider this, there are quite a number of financial professionals who left Zimbabwe to come and work in SA and hold very key positions in major companies in SA. Read the rest of this entry »

When i first heard someone tell me that “there are prepaid credit cards“, i thought to myself, “what on earth are they talking about.” I then took it upon myself to do some research and find out if they actually do exist and they actually do and i thought i’lld share my findings with you today.

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The reserve bank governor in South Africa, Tito Mboweni, today came out and said that while there were some tentative indications of a slowdown in consumption, such as vehicle sales, it is still “early days”.

I couldn’t agree more with him, people seem to have tightend up their pockets a bit but will this trend last for long? Vehicle sales have slowed down according to his statement but somehow we still find brand new cars on our roads on a daily basis. Consumers maybe spending less on vehicles but they are still spending something on them as is evident in the running out of numbers now in the GP (Gauteng) number plate numbering system.

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The price of a barrel of oil rose to over $75 today, this is on the back of hurricane Felix hitting Central America. Although the hurricane did not hit the major oil and gas infrastructure in the Gulf of Mexico, fears are still there as the hurricane season is set to intensify according to a US hurrican expert.

With this in mind it seems like the world oil prices are set to keep on rising. At midnight yesterday the price of petrol in South Africa dropped by 10 cents a litre and diesel went up by 5 cents a litre. It could mean that this decrease in petrol prices in South Africa could be short lived if the world oil prices keep on rising.

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I had an interesting run-in with an estate agent. A couple of months ago, a property was up for sale in Cape Town. She did her job as a true estate agent does, tells you the great property investment the apartment she was selling was and that “you will not find anything better than this on the market”.

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With the way things are going with the increase in interest rates, the rand hovering at around 7.4 to the green back, the increasing of fuel prices, the NCA (National credit act) and more importantly in this case, the increase in the number of cars on the South African road, people of South Africa are still able to go ahead and buy brand new cars on a daily basis.

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