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Latest News

Gordhan unexpectedly reduces the budget deficit target for 2013
As tax revenue is set to climb.

Middle class 'the biggest losers': Solidarity
The union is concerned about the country becoming a welfare state.

All quiet at Implats: Police
A boardroom was set on fire in the early hours of Wednesday morning.

Durban streets up for renaming
People have until Thursday to have their say on the renaming of 9 Durban streets.

Octagon News

All the world’s a stage

After the tremendous market run from March 2009 last year, we continued well into the beginning of 2010. We were all focused on the pending World Cup with immense excitement and it looked like all in the world was slowly coming right. We even weathered the volcanic ash that engulfed most of Europe and the UK, threatening to affect travel to SA's World Cup.
And then we were rudely reminded just how much trouble the world is in. We had been speaking about the pending crisis in the PIIGS (Portugal, Italy, Ireland, Greece, Spain) regions for quite a while. These countries were, for various reasons, heavily over leveraged (which is a fancy way of saying that they had too much debt) and concerns were that this would ultimately become a problem. Well it ...