Daily Market Blog: Primary sector irrelevance


"As you can see, most economists are bleating, the primary sector of the economy experienced the worst of times recently. The more advanced your economy, the more reliant on technological innovations to drive your primary sector, more industrialised machinery doing the logging, the harvesting, the planting, the maintenance (fertilisers and pesticides) and so on. There may be fewer people doing work in that segment of the economy, that does not mean it is not as important to the rest of the economy."

To market to market to buy a fat pig. It's complicated. More complicated than Ross, Joey, Chandler, Phoebe, Monica and Rachel, all sitting on a couch in their favourite coffee shop, trying to figure what life is all about. That show. In the Middle East it is so complicated that when I tried in my simple way to explain, using history going back, I found myself being spun right round. Like, why exactly is Bashar al-Assad and his dictatorship, friends with the Russians? Equally, why do the Iranians support Bashar al-Assad? How did the Daesh (Islamic State - IS) form and take control over multiple territories and millions of people?

If you read about the precursor to the IS, the leader fought against the Russians in Afghanistan. The history goes a little further back than you think. So why did the Turks down a Russian plane yesterday? The Turks suggested that the Russian plane had violated their airspace, multiple warnings were given. The Russians deny they were in Turkey, they were in Syria, which of course is by "invitation". It is very complicated and very tense, the Russians, NATO, Turkey themselves, the French looking for allies in the area, the involvement of the US in that region for decades, the history goes a little further back, thousands of years. Yip, it truly is complicated.


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Stocks which we currently recommend

Amazon.com is the world's leading online retailer.

Amgen is a biotech company focussed on blood and cancer therapies.

Apple is the global leader in tablet and smartphone technology.

Aspen is a rising global star in the pharmaceutical industry.

Brait owns fashion, retail and health club assets.

Bidvest is a diversified services company, which may re-organise its portfolio.

Cerner provides IT solutions in the healthcare industry.

Cisco is a global leader in routing and switching equipment.

City Lodge is a mid-priced hotel group in urban areas of Africa.

Curro is an independent education provider in South Africa.

Discovery is a technology-driven healthcare administrator and life insurer.

Facebook is the dominant global social media platform.

Famous Brands is SA's largest quick-service restaurant group.

General Electric makes power stations, aircraft engines and CAT scanners.

Google is the world's biggest search engine and online advertising platform.

Holdsport is a sporting and leisure goods retailer.

Johnson & Johnson is the world's largest consumer health and pharma company.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Luxottica is the world's largest branded sunglass maker and retailer.

Mr. Price is a fast fashion apparel and home retailer.

MTN Group is an emerging markets mobile telecoms giant.

Monsanto is a provider of agricultural products for farmers.

Mediclinic owns hospitals in SA, the UAE, the UK and Switzerland.

Naspers owns digital TV, internet, gaming and ecommerce businesses.

Nestle is a leading global food and beverages manufacturer.

Nike is a designer and retailer of running shoes and other sporting equipment.

Priceline is the biggest online travel booking service in the world.

Richemont owns the finest luxury brands like Cartier and Van Cleef & Arpels.

Starbucks is a roaster and retailer of coffee and fantastic foods.

Steinhoff owns Conforama and Pepkor.

Stryker makes hip and knee joint replacements and hospital beds.

Tesla is the world leader in electric vehicles and batteries.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Under Armour is a fast growing sports apparel company.

Visa is a global payments technology company.

Vodacom is a South Africa-based communications provider.

Wells Fargo is the biggest retail and commercial bank in the USA.

Woolworths the leading organic food & clothing retailer in the Southern Hemisphere.

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