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Mirroring Reality

How do you protect your wealth when a country goes belly-up? Fortunately, we have a case study in Zimbabwe to help answer that question. Old Mutual is listed in South Africa (JSE), London (LSE) and Zimbabwe (ZSE) on each of their respective stock exchanges. One share...
Hungry Hippo

Hungry Hippo

The recent adjustment budget highlighted the widening of the ‘’jaws’’ between the country’s expected expenditure and expected revenue. Two scenarios were tabled. One in which South Africa takes a passive stance and allow things to deteriorate further and an...
The Survivors

The Survivors

Commentary: The Survivors The above image tracks the bullet holes on Allied planes that encountered Nazi anti-aircraft fire in World War II. When the Allied military brass saw this picture, they took the decision to reinforce all those areas most often hit by...
The Rather Fat Finger Error

The Rather Fat Finger Error

A fat finger-error is a term used to describe a keyboard input error on the stock market, typically resulting in a buy or sell order being placed at a far greater size or price than intended. Last week we witnessed a particularly fat finger-error that had a remarkable...