by Richard Veal | Jun 30, 2015 | News, Pete's Pen
Back around January this year, the Rand was hovering at around 17 to the UK PND, and in my ‘Pen’ in February I said that in my totally uninitiated and unscientific opinion, the Rand would reach 20 to the pound and 12,50 to the USD by the end of the year. I cannot even...
by Richard Veal | May 29, 2015 | News, Pete's Pen
I’m passionate about small business. That passion first emerged in 1972 when I worked for an Insurance Company in Johannesburg. My job was to persuade insurance brokers to give my company their clients’ insurance business. To provide the quote, I had to visit...
by Richard Veal | Apr 30, 2015 | News, Pete's Pen
This month was ‘April Fools’ month. Did you get caught? I did. And have you ever wondered why it is called April Fool? Nobody seems to know, but probably the most logical is the explanation that when the Gregorian calendar was adopted in the late 1500s, the New Year...
by Richard Veal | Mar 27, 2015 | News, Pete's Pen
I have just heard that at the end of this month, there will be a massive hike in the price of petrol, well over 10%. This, coupled with the 12,5% Eskom tariff increase is going to hurt. How then will this affect inflation in South Africa? I’m told by the experts that...
by Richard Veal | Feb 27, 2015 | News, Pete's Pen
This time last year it cost R10,75 to buy US$1. It now costs R11,66. That is almost 6% more. If you had merely placed your money into a US$ bank account, even without interest, you would have earned 6%. That’s better than using current money market rates here in SA....
