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The Singing Economist Debunks the Myth of South Africa’s Economic Strength

David Abbott

Corporate Finance

| January 4th 2011

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The Singing Economist Debunks the Myth of South Africa’s Economic Strength

The annual conference of the Association of Insolvency Practitioners of South Africa in Cape Town last October was treated to a compelling presentation highlighting the legacy of the 2010 World Cup and the weaknesses in South Africa’s economy, now no longer the power house of sub-Saharan Africa, given by one the country’s leading economists, Dr. Azar Jammine. The scale of the challenges facing South Africa as it seeks to move on decisively from the post-Apartheid era is daunting and a lesson to all developing economies that successful commercial and financial environments depend as much on a good educational system and the development of relevant skills in a constantly changing business world as they do on their fiscal, financial and banking systems.

Uniquely among leading experts around the world, Dr Jammine must be the only economist who introduces his lectures to insolvency audiences with a haunting rendition of the opening verses of that 1930s depression song, “Buddy Can you Spare a Dime”.

David Abbott

About the author

David Abbott

Partner

Meet our Team of Experts

David joined Begbies Traynor in 2004 originally working in one of their regional offices.  In 2006 he moved to the London office to help set up a specialist team focusing on creditor side assignments in the guise of Independent Business Reviews and Independent Solvency Reviews.  David has 18 years’ experience in the accounting profession and prior to joining Begbies Traynor has worked in a number of Top 50 London based partnerships.

As well as business reviews and independent solvency reviews, hands on turnaround assignments have also been one of David’s main focuses. This has generally been in support of high street clearing banks.

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Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland
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