Welcome to My Blog

Articles and advice on all things legal

Snippet 2019 – 22

Economy This week past newspapers reported that Egypt had floated its currency and accepted the pain that went with that. The result was that Egypt’s inflation slowed to single figures and FDI into Egypt has been higher than anywhere else in Africa. Now in Zimbabwe…...

Unregistered Servitudes

You and your neighbour, an old friend, have a decades-old handshake understanding that you and your employees may take a shortcut through his adjoining farm, over an existing road, for you and them to get to another part of your farm. Is this agreement valid and, if...

Snippet 2019 – 21

Economy Moody’s reports that South Africa has the highest private sector debt to GDP ratio in sub Saharan Africa at 148%. The next highest is Kenya at 28%. Its conclusion is that the potential for organic growth by banks in South Africa could only be had by...

Snippet 2019 – 20

Economy President Mnangagwa says that the re-introduction of the Zimbabwe dollar will be a “return to normalcy”. If one were a sceptic, normalcy means bankruptcy and high inflation. The US dollar is predicted to slide into a modest bear market; i.e. 5 – 10% from...

Snippet 2019 – 19

Economy The week before last it was reported that Zimbabwe would be releasing its own currency by year end. It’s interim currency, the RTGS $ has plunged 60% against the US $since February and things are getting worse (its annual inflation reached 97% in May alone)....

Snippet 2019 – 18

Economy The SA BER index remained unchanged in Q2 at 28 points. RMB opined that a technical recession for the first half of this year remains a possibility. This week Prof Malikane (Wits) flighted an article on the South African debt situation. He estimates our...

Snippet 2019 – 17

Economy Silver bullet economics: post-election economic debate has centred on job creation and the Reserve Bank. Calls are made by a variety of worthies for the Reserve Bank to be privatised, and for it to drop interest rates, create jobs, release its reserves and...

Snippet 2019 – 16

Economy Stats SA reports that 44% of SA households receive at least one social grant, up from 30% 15 years ago. This somewhat depressing news prompted me to look further: I was lent a copy of the SA Survey 2019 by the IRR; the statistics are most interesting. Some of...

Snippet 2019 – 15

Economy Despite the exuberance that accompanied the swearing in of our latest Parliament, our economic outlook remains bleak: the OECD now estimates our growth forecast for this year at 1.2%. Kganyago (the governor of the Reserve Bank) forecasts only 1% growth. Heck,...

Snippet 2019 – 14

Economy Stats SA reports that retail sales registered pedestrian growth of just 0.2% yoy for the first quarter of this year. It is estimated that our GDP may have dropped by about 2% quarter-on-quarter. Mining output had plunged 8.1% in February and had contracted...

Snippet 2019 – 13

Property Updated conveyancing tariff guidelines will come into operation on 1 June. Featherbrooke is a secured residential estate. Burglars gained access and invaded the residence of one of its residents and shot/assaulted the family. The residents sued the estate,...

Snippet 2019 – 12

Economy Business confidence dropped further to 91.8% in March, holds the SA Chamber of Commerce’s BCI. The primary factors contributing to this are the Rand exchange rate, interrupted power supply, electricity tariff increases and slowing manufacturing output. On the...

Snippet 2019 – 11

Property Instant Property Network has started a platform for property transactions using Blockchain: the intent is to create a trusted record which eliminates duplication and middlemen. Whilst firms have been slow in taking up this technology, Barclays and the Royal...

Snippet 2019 – 10

Economy Skills: a note written by Bernstein, head of the Centre for Development and Enterprise, attracted my attention: she wrote on what was necessary to prime the virtuous cycle of growth. Our politicians, in seeking to attract votes, make wild promises which can...

Snippet 2019 – 09

Economy StatsSA reports that our government’s gross loan debt stands at R2.2trl at present and should stabilise at R3.5tln. This equates to a present debt of R40 000 per person in South Africa. For a country where the long-term per capita income is expected to trend...

Snippet 2019 – 08

Economics Is it possible to grow an economy, paying attention to exclusion and inequality: inclusive prosperity? A Harvard professor believes that we could move away from what he describes as a perverted Keynesian model; yawn, take a look: Reference The hemline index:...

Snippet 2019 – 07

Economy The KZN in government has ambitions to bulk-buy for spaza shops: socialist drivel from a bunch who cannot properly distribute condoms. Rationality in retreat: the upcoming elections do not serve as a platform to establish a rational and sustainable economic...

Snippet 2019 – 06

Economy Goldman Sachs has suggested that the global economy may have bottomed out and that green shoots are emerging. The Daily Maverick reported that the cost of state capture over the second term of the Zuma administration cost around R1.5trillian: this is...