If you know me, you will be aware I am not an economist, but we are all economists when its comes to balancing a budget whether its small like mine or humongous like South Africa’s. This week here in SA we have what is called a mini Budget or the MTBPS. Some information to set up the situation here. It is generally agreed that 2.2 million people lost their jobs in SA in the 2 nd quarter this year. But what is also important to know is that 1 job = 5 dependents, many of these newly unemployed will be low skill low paid with no savings. When a job is lost there is no food in the cupboard and the hit on family life is immediate. So the budget, here are some of the figures that form the difficulties around the budget. We have had in South Africa the most stringent lockdown anywhere in the world. So the lead up to this budget is not a good one. South Africa has the privilege of having its own airline SAA which has a fleet of 16 Airbus aircraft to put that into perspective Briti...
Now back in the Birmingham England exploring what is next.