PETER ATTARD MONTALTO: Q&A with Ramaphosa gives reason for hope, capped by lack of reform
Partial success of proposed Treasury cuts will help to keep an IMF bailout a distant prospect
I almost fell off my chair the other day when a client in SA told me: “You are sounding rather bullish aren’t you.”
Oh? The issue of being somewhat of a structural bear (at root because I don’t see unemployment dropping, debt stabilising or inequality reducing in any meaningful timeframe) is that at some point in the cycle people will end up being far more bearish than you.