According to recent reports, wages in the productive (mostly coastal) regions of China have climbed to $500pm.That is about R4,500pm versus the South African minimum wage of approx. R1,600pm.We can safely discount legislated minimum labour costs as a disadvantage for South Africa over China. To me at least, that is cause for optimism…PS: To be…

Population approx. 20mil. Plenty oil. Plenty mineral resources.A couple challenges.The population is rapidly urbanizing, creating big traffic and accommodation problems in Luanda.The government is not wildly interested in the opinions of taxpayers, mainly because oil money eliminates the reliance on taxes to pay the bills.Long-standing Angolan troops in DRC are causing problems amongst that population,…

In a follow-up to my Venezuela’s Woes post, I thought I’d touch on Argentina’s current dire situation.Since going bankrupt in 2002, Argentina has enjoyed a brief resurgence followed by decisions reminiscent of those made by the leadership that brought it to ruin in the 90’s.First, they nationalized the public pension fund. “Don’t worry, we’ll take…

The great thing about traveling is that I’m reminded that South Africa is not alone in confronting challenges, both political and economic.Take Venezuela for example. Its president, Hugo Chavez, was reelected a couple months ago, whereafter he immediately disappeared into a hospital in Cuba. No one has seen or heard from him in two months.Better…

In a couple days, my wife and I are leaving for the States for a 2 week “business” trip to see whats happening in the world. Clearly our 4-year-old daughter is worried. Below is a conversation related to us by her creche head-mistress:From: Mickey Olivier Date: 29 January 2013 11:35:02 AM SAST To: Alan Knott-Craig Subject:…

Chatting to a mate yesterday, we reflected on the spawning multitude of companies in SA that can provide you with cool web design services, whilst there is a dearth of companies that include the grit of logistics (for example, design an online shopping site, and include delivery, customer care and returns in the product.)Touching the…

Ok, so I’ve just finished a roadtrip though the USA: 41 days, 13 states, 10,000km.This is my 9th trip to the USA since 1999, during which I’ve worked, lived, studied and holidayed through California, Nevada, Arizona, Texas, Oklahoma, Illinois, Florida, Louisiana, Texas, Alabama, Mississippi, Tennessee, Kentucky, West Virginia, Virginia, DC, Massachusetts, South Carolina, and New…

You don’t really understand human nature unless you know why a child on a merry-go-round will wave at his parents every time around – and why his parents will always wave back.  ~William D. TammeusFor a couple of decades now (maybe longer), rich/educated people have been telling poor/uneducated people, “Stop having so many children!”It got…

RV rule #1: Be careful where you park. Parking spots are like the mafia. It’s hard getting in; it’s much harder getting out.RV rule #2: Be sure to firmly secure far end of sewage drainpipe. Trust me, things can go truly pear-shaped if the pipe pops loose.RV rule #3: Never make eye contact with other…

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both brings temporary prosperity; both brings a permanent ruin. But both are the refuge of political and economic opportunities.” Ernest HemingwayInflation: The rate at which your currency loses purchasing power over timeThe official inflation rate in the States is…

Two roads diverged in a wood, and I — I took the one less traveled by, And that has made all the difference. Robert FrostIt’s easier to build a business with only one big customer. The alternative is something like Facebook, with a billion customers! Cash flow is easier. Only one invoice to send each…