Archive | Economy

Great minds think alike. Really?

car, mechanic, work, fixThey say the first thing a motor mechanic needs to learn, is how to whistle in astonishment when opening a motor vehicle’s bonnet. It immediately prepares the client to expect a bigger bill than he originally bargained for.

So what a surprise when the man working on our vehicles this morning informed me that the repairs he’d done on my car would only be a fraction of what was estimated. It almost sounds too good to be true.

Eskom

But it seems that we will not get off that easy ... continue reading

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Never say never

road, blue sky, cloudsJust because somebody has a senior position, does not mean they know everything.

Predictions

In 1899 Charles H. Duell, the US Commissioner of Patents said

Everything that can be invented has been invented.

Yet, at present more patents are registered in one year than during the whole of the 19th century.

But miscalculating future events was not reserved for Charles Duell alone. Many others have also predicted future trends with a serious lack of vision.

An executive from the world’s leading telegraph company in 1876 said “The telephone has too ... continue reading

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Hallo Darkness… but you’re not my friend

During the past week my wife and I were in a retail store when at noon the whole place suddenly turned dark. Immediately all the customers had to leave the store and the doors were closed for the next two and a half hours.

We still planned to visit a coffee shop afterwards, but then rather went home. The retail store and the coffee shop both missed out on our business that day and till now we have not returned. I believe this is just one very small example of ... continue reading

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4th Industrial Revolution

Revolution Industrial Cars Manufacturing Machines Automation ProductionNews 24 recently reported about Standard Bank’s intention to lay off 528 employees. This huge lay off is the result of increased digitization and the use of artificial intelligence in the banking industry.

The trade unions are understandably highly upset, yet their spokesperson said that they realise that some jobs over time will disappear whilst new ones will be created. Unfortunately fewer jobs will be created than the ones being made redundant.

Fewer jobs

According to Standard Bank the 528 employees are welcome to apply for 349 existing and new ... continue reading

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Petrol & Cola

Whose money?

Many years ago I employed someone in my small company who was formerly a director in a big organisation. A friend then gave a kind warning and said that one should be watchful when employing someone from such a background.

He is used to spending other people’s money, money that he did not work for himself.

People who start their own businesses know what hard work it takes to get enough clients to support your business to make it sustainable. Because you are responsible for debts incurred, you ... continue reading

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2 Sam 12:25 “So he called his name Jedidiah because of the Lord.”

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