Finance Minister
@SAFinmin
The ESG industry in nutshell
An ex-director of EOH who was fined R500k for lying about a qualification comes up on a Google search as being involved in developing ESG rating tools. Another lol for the credibility of the ESG industry in general.
Leave you with this: There is a time in your life when you dunk your rusk because you want to, and then there is a time that you dunk your rusk because you have to. :-)
Year-to-date the JSE has been driven by stocks that have very little to do with the SA economy. "SA Inc" has been punished hard. At some stage this turns around. I know it is difficult to find any reasons for the trend to change. But remember - narative follows price.
Very interesting depiction
Year-to-date, $NVDA and $MSFT have accounted for roughly 190 points of the S&P 500 gain.
Wow. Let that sink in!
NEW: Gen Z male college graduates now have same unemployment rate as non-grads. -Fortune
Cost of Capital in Japan has had a MAJOR adjustment in the past 2 years. Normally these kinds of things break things....
All free and worth a thousand paid analysts. @JohannBiermann1 @JohanKirsten1 @dawievdwest @Richards_Karin @Chapter11Wealth @kruger_ludwig @hilary_katz @neilsavy @marknarramore1 @Graeme_AB @the_gregdavies @Analyst_G @MaanoMadima @RuanLouwFin @Trader1137 @KoosKanmar @hazelwood_dave
The ‘tool’ you’re looking for is leadership with a dose of discipline. But that only goes so far. It’s the ideology that is the poison. Don’t view the state as an employment agency. Se it as a service delivery tool where the market fails.
🔒Godongwana announces big reforms after budget nightmare. There will be wider and sooner consultation on the budget framework. A new tool to find savings in departments will be launched. news24.com/business/econo… via @News24_Business
Alcoa CEO: "Our customers are paying significantly higher prices for aluminum in the United States than they would pay anywhere else in the world." $AA
Passive is so difficult to beat! Have a look at this 60/30/10 Equity/Bond/Cash passive portfolio for SA over the past 5 years. (Compared to the constituents). (Narrator's voice: "And just like that, he called the top")
