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Dr Cees Bruggemans, Chief Economist of FNB, joined the bank in May 1985. Prior to this, he held various positions in industry and banking; as corporate planner for Shell in CT and as economist for Standard Bank and Senbank in Jhb. He also lectured in finance and marketing at Wits. Dr Bruggemans is a graduate of Stellenbosch University, from which he holds a D.Com in economics, as well as an MBA from Cape Town. He is a Honorary Professor of Economics at Stellenbosch University.


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Loss of Jobs & Unemployment - the real picture
In the twelve months to September 2009, the South African economy lost 366 000 formal jobs. This is 4% of the 9.4 million formal labour force deployed in 3Q2008 (the peak of the employment cycle). In addition, a further 290 000 non-agricultural informal...