Page 4 - HGR April
P. 4


      INSTABILITY THE CURSE                                                                   Home Goods Retailer
                                                                                HGR Team
It is a tragedy that is yet to reach it’s apocalyptic finale. Just a few short
weeks ago, it seemed that the economy had righted itself aided by the                Publisher and Editor-in-chief
tough and consistent policies being implemented by Pravin Gordhan and his                    Contact: Ian Hughes
Treasury team. It was the certainty which engendered the promising signs
of growth. The ‘green shoots’ of recovery were evident in the strengthening          Tel: 011 728 6593 | 082 553 8154
rand as foreign investment poured into the country, the growing confidence                  E-mail:
of industry as inventories were being rebuilt and all this fed into a growing
perception amongst consumers that the corner was finally in sight. All boded          National Sales & Marketing
well – why even the ratings agencies seemed as pleased as these Damoclean                  Contact: Roger Callighan
bodies ever can be. And then…..and then.. our leader pulled the plug!                          Tel: 079 102 3247

  All certainty was banished as first Gordhan was dramatically recalled from                Contact: Pippa Hughes
a critically important road trip to potential investors in the UK, and then                    Tel: 082 552 2675
summarily fired and replaced by a pliant, mediocre lightweight whose politi-
cal career thus far has been anything but inspirational. And moreover, widely              Admin & Accounts
regarded as being in the pocket of SA’s gangster clan the Guptas. Retribu-                  Contact: Pippa Hughes
tion followed swiftly as S&P and Fitch’s relegated us to Junk status. The rand
plummeted as investors withdrew their billions and all confidence evapo-                       Tel: 082 552 2675
  It is now clear that retailers trading in our consumer durable market will              Contact: Taryn Haley (9IT)
battle in the short and possibly the medium term. Weaker spending would
appear to be inevitable and will remain relatively subdued. BUT although the                   Tel: 071 602 4553
clouds are dark there is always a silver lining. And that is summed up in the              E-Mail:
singular word – OPPORTUNITY! There is always opportunity in tough times
because the weak and the timid provide them. Let your company size the day,     Copyright on all editorial in Home Goods
imaginatively, boldly and with courage. All this will pass and when the storm   Retailer is owned by the publisher and
clouds have passed you and your company will have emerged triumphant.           reproduction without permission is
                                                                                prohibited. The opinions expressed in
                                      Ian Hughes                                Home Goods Retailer are not neces-
                                                                                sarily the views held by the editor or
                                                                                publisher. We reserve the right to edit
                                                                                – for purposes of space and clarity – all
                                                                                editorial material and letters submitted
                                                                                for publication.

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