Welcome to My Blog

Articles and advice on all things legal

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Economics Economics is the painful elaboration of the obvious …. Last week I attempted to entertain you with bos-sums, which led to rather dismal conclusions and the usual unfortunate comparison with Zim. What now? An SA economist pointed out that only two avenues of...

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Economy Please bear with me; I would like to do a bos-som (Rockspider calculation): SA’s GDP is some 350bn $; our tax on this is approximately 28% which equals to about 100bn $. If SARS collects 30% less tax this year, then we will need to borrow about 30bn $ (working...

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Economy If – our Treasury predictions come true – between 3m to 7m SA jobs will be lost as a result of the protracted lockdown; a 32% drop in state revenue is expected this tax year. the International Labour Organisation predictions come true, almost half of the...

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Economy Everyone is suddenly an economist and the topic has become quite overtrodden: the fact is that throwing borrowed money at the lockdown has two essential difficulties associated therewith: our same sub-optimal and corrupt administration has to administer/dole...

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Economy It’s the economy, stupid. A phrase coined by Carville and made famous by Clinton: a couple of weeks ago, the functioning of our economy was an arcane topic, entered into by politicians, pretending to be ideologues, to various ends and economists, to whom no...

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Economy Perspective. Our state, as mentioned last week, had a mere half billion Rand to offer as aid following on the pandemic – because it is broke. This week, Eskom said that it will take R56bn from the existing state bailout… not to speak of SAA waiting in the...

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Economy Price gouging: price gouging is wrong, right? Price gouging is driven by greed and, especially in emergencies, is simply morally wrong. Politicians love such laws as they appear to be defending people suffering from a setback and makes for happy voters –...

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Economy The endless economic breast-beating and death updates are really becoming quite tiresome: what, economically speaking, happens after our isolation? Interestingly, it appears that economies rebound after wars but don’t after depressions. It remains to be seen...

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Economy When stocks are volatile, conventional wisdom dictates that you should invest in bricks and mortar, right? Perhaps not, somewhat overexcited predictions are that the US housing market might crash to 29-year lows. The VIX is shorthand for a measure of the...

The coronavirus: a force majeure?

A farmer contracts to supply logs to a purchaser after having made the necessary arrangements to automate his tree harvesting activities: he orders the machines. Owing to the closure of borders and factories, following on the corona virus pandemic, these are not...

Snippet 2020 – 09

Economy Nedbank has revised our GDP for this year down to 0.3% and says that we run a high risk of recession. The South African BER business confidence index has sunk to its lowest level in 20 years: 8 out of 10 respondents are unhappy about current business...

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Practice A short article, written by Judge Cameron, deals with our prisons system: he says that instead of the retributive approach under the previous regime, this country embraced a restorative approach to offenders and their punishment. This demanded prison...

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Practice Broke? RAF attorneys were reportedly asked to hand back their un-finalised files by Thursday last week in what appears to be a cost-cutting exercise by the RAF. Insourcing is a theoretical exercise as the expertise to handle this simply does not exist within...

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Practice The rigidity of Roman law of contract was ameliorated by the introduction of normative principles allowing the adaptation of law to the changing needs of the times - often expressed as good faith. Law changes slowly but one must expect our law to be...

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Economics The BER announced that it expects our GDP growth to arise to 1.2% next year, double that expected for this year. The fact is that the triple challenge of poverty, inequality and unemployment will not be addressed with economic growth at this rate. The...

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Economics If we take the state of our economy today, with 18-million people getting social grants, it means reprioritisation of the budgets will not pull us out of that problem. What we need is new capital, capable of creating new jobs and boosting manufacturing.”...

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Economy Only one commentator picked up on the absurdity of the Development Bank of SA loan to SAA: the stated primary purpose of the bank is to promote economic development and growth and to improve the quality of lives of people and promote regional integration...

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Economy The Mercury described SAA as having gone into a death spiral. Understandably, who wants to book on a plane that might never fly. This will definitely get worse. It appears that the downgrade of our credit rating to junk status is virtually a certainty. The...