The Business Day report confirms the expected half a percent interest rate hike and also had some interesting comment from the Reserve Bank governor aimed at commercial banks.
“RESERVE Bank governor Tito Mboweni took aim at commercial banks over the relentless growth in consumer credit yesterday, warning that unless they moved to stop the “madness” he would consider increasing the amount they are required to hold in reserve with the central bank.

With the great desire in the credit management industry for information and explanations on the National Credit Act it was nice to come across small and fairly readable book on the Act.
Prof. Otto has written a number of books on credit law and is one of the country’s leading authorities on this area of law. He has now through LexisNexis Butterworths produced a small publication entitled “The National Credit Act Explained”. The book is 134 pages including the index and annexures, which is quite substantially smaller then the regulations to …

Business Day reports that another interest rate hike is almost certain on Thursday.
“After last week’s slew of disappointing data, analysts say an interest rate hike at the Bank’s MPC meeting, which takes place on Wednesday and Thursday, is virtually guaranteed.

In the quest for something new in the study of management I see a new buzz word has emerged in management consulting, that of “toxic management”. I spotted in the new South African edition of Entrepreneur Magazine and in “Facts” Newsletter from Fasset, the Finance Services SETA.
It really amuses me how these “new” concepts come along taking long known and dealt with issues, in this case the effects of poor and negative leadership on staff morale, and package them in a new guise and hey presto – all and …