The week in review

It’s been a busy week from a container ship blocking the Suez Canal, to the Zuma faction continuing to try and block the constitution, we are guaranteed that one will eventually be dislodged. In an ominous statement sent out late on Thursday night, former president Zuma issued a scarcely veiled threat when he spoke of a revolution by “ordinary people like me”. This in the year when we celebrate the 25th anniversary of our constitution, taken with the recent spate of violence in KZN, cannot be taken lightly. And the MPC meeting this week delivered the expected no change but as former Chief Economic Advisor to the Government of India Raghuram Rajan once said, “Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there are long term yields, there are short term yields, there is credit growth.” So much still to consider. Michael Avery speaks to Warwick Lucas Chief Investment Officer at Galileo Asset Managers, & Raymond Parsons, professor in the School of Business and Governance at North West University