The Sapo strike is not a cause but a symptom of malaise, says Terry Bell.
Politicians urgently need to bone up on economics, says Mzwandile Jacks.
The Post Office strike is a symptom of years of mismanagement, says Terry Bell.
Yields on South African government bonds have dropped to seven-week lows, pushed down by inflation data and a mini budget that went down well with investors.
The Treasury is still on track to implement an electronic platform for primary dealers trading government bonds on the secondary market.
Power utility Eskom has sold R260m in ES42 bonds at a clearing yield of 9.975%, slightly higher than 9.935% at its last sale in May.
Yields on short-dated bonds have fallen to session lows after reserve bank governor Gill Marcus dampened hopes of steep rate hikes.
The rand has been softer against the dollar, retreating a few cents after data showed a slow down of growth in credit extension to the private sector in June.
Ministerial intervention to end the SA Post Office dispute with a 6.5% pay rise seems to have caused even more complications as a wage agreement already exists.
Showed a good grasp of harsh economic realities
Said nothing new
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