The Economy The tills are alive
Last week, the hoary sages over at StatsSA let it be known that consumer price index (CPI) inflation had ticked up a natz, coming in at 4% year-on-year for the month of December after November’s low of 3.6%, driven thither by higher fuel inflation. But let us leave, for now, the sorrows of the present economy, and head for the twinkling slopes, the rocky buttresses, the teeming streets of Davos, where not long ago our very own Tito Mboweni rubbed shoulders with the great and good, as he has been doing on and off since 1991. “If you come here with the hope of signing big investment deals you’ve come to the wrong place,” he observes. “At Davos we exchange ideas, debate issues, have conversations and make friendships which might in the long term translate into investment.” Well, that’s nice. And liberty chair Jaco Maree said that without the hype of Ramaphoria, our team was able to get down to business, having discussions with, among others, investors keen to explore South Africa’s potential in renewables.
Comment: Silver lining there, from which we will one day produce some solar energy.