The Buf­fett buf­fer

Finweek English Edition - - The Finweek -

THE FLUC­TU­AT­ING mar­kets and ex­change rates con­tin­ued world­wide, with the rand even weak­en­ing to more than US$1/R11. In the midst of this un­cer­tainty, Amer­i­can in­vest­ment guru War­ren Buf­fett of­fered hope by buy­ing shares in terms of his pol­icy of “be fear­ful when oth­ers are greedy and be greedy when oth­ers are fear­ful”. THE CI­TI­ZEN said few South Africans are im­mune to more dif­fi­cult eco­nomic con­di­tions; that we’re all go­ing to pay more for things and that wealth will be lost. The coun­try’s trade deficit must also re­ceive ur­gent at­ten­tion. The Sun­day Times said we should also look at the pos­i­tive as­pects of a weaker rand, such as higher ex­port and tourism earn­ings.

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