Some much needed
rain is falling here on the kingdom’s beachfront territory today. This will
drive visitors and locals alike into the malls and shops and in a few weeks it
will be announced that a record retail Christmas period has been achieved. The Reserve Bank’s figures reveal that there
is currently about 15% more notes and coins in circulation than a year ago and
this is way above inflation so one must conclude that, on average, folk have
more spending power in their pockets and purses. Which is a good thing. On some
days that bad ol’ recession just vanishes into the haze.
Which is what I
am about to do and I hope you have already done. The JSE is closing early to
day and next week is open for only two and half days as Tuesday is a holiday.
That will be time enough, however, for
the foolhardy to issue their 2012 forecasts.
Have a wonderful, safe and merry Christmas.
James Greener
23rd December 2011
