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The latest economic news from the united states and South Africa
In the United States (US), inflation, once again, surprised to the upside. Compared to June 2020, headline inflation increased to 5.4% in June 2021, up from May’s 5.0%.
A subjective view of South-Africa’s long-term trajectory
How you interpret the world around you and, subsequently, forecast what may be, is based on your worldview.
What a world we live in: Falling oil prices and spending less time working
The Organization of the Petroleum Exporting Countries (OPEC), together with their new ally, Russia, have, once again, been unable to reach an agreement about global oil supply.
International tax, interesting stories, and some jail time
Last week officials from 130 countries, representing 90% of the global gross domestic product (GDP), met virtually to agree on the broad outlines of what would be the most sweeping change in international taxation in a century.
June Economics
During June, the bipartisan infrastructure negotiations in the United States (US) continued. A $1.2 trillion plan initially emerged from the two parties, which set out additional infrastructure spending close to $600 billion.
US interest rates and some more good news locally
Last week United States (US) markets closed the week in negative territory: the Dow Jones fell 1.6%, the S&P 500 lost 1.3%, and the Nasdaq fell 0.9%.
Inflation, TV gaming, and growth
Press reports seem to suggest that United States (US) senators have reached some kind of a bipartisan agreement about President Jo Biden’s infrastructure proposal.
The true story about unemployment in South-Africa
Last week, Statistics South Africa (Stats SA) released South Africa’s (SA’s) unemployment statistics for the first quarter of 2021. We are now finally able to start understanding the cost of the COVID-19 pandemic but, even more so, the cost of an ineffective government.

Your Partner in Financial Services
Efficient Wealth provides a host of personal/business related financial services and value added benefits via its own internal resources and in partnership with a number of specialist financial services providers. Our objective is the provision of an array of “best-of-breed” products and services to meet the diverse and ever changing needs of our individual clients as well as their families.
Efficient Financial Services (Pty) Ltd, trading as Efficient Wealth, is an authorised financial services provider, FSP 655
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