The US Debt Ceiling

America is like a rich person who has fallen on hard times. She has a penchant for expensive overseas products which she can no longer afford, she has an aversion to hard work, and she is living off her credit rating.

Especially since World War II, the US government’s debt has been climbing steadily. This steady rise has occurred under both Republican


Afrimat has long been a favourite share of ours. Originally a construction company, it reinvented itself into a mining company which produces base metals and minerals. It is now in the General Mining sector of the JSE. We originally suggested that it was a good buy in our article, Afrimat

TCP - Bad Debt Provision

Transaction Capital (TCP) has fallen from grace.

A few weeks ago on 13th March 2023, the company issued a trading statement in which they disclosed to the investing public, for the first time, that they would have to significantly increase their provision for bad debts to R1,8bn because a large portion of their debtors’

Sell in May and Go Away

The latest US monetary policy committee (MPC) meeting raised interest rates by the expected 25 basis points. It was the MPC’s 10th rate hike and brought the total of rate hikes in this cycle to 5%. The 0.25% increase was fully expected by the market, but Chairman Jerome Powell’s remarks after the announcement were not.