Peter Bruce Editor-at-large & columnist

The grown-ups, thank goodness, are in charge. News that the SA Reserve Bank is stepping in to provide liquidity to the economy, despite our strained circumstances, seemed to cheer everyone up. The markets screen on my phone turned green.

The JSE was up, the rand was up and yields on our long-term sovereign debt (the yield being the interest we have to pay to get people to buy our bonds) fell sharply, though they are still insanely high...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now