by Daan Steenkamp | Jun 5, 2024 | Business, Practice, Property, Snippet
Economy/business Trends: Our economy contracted ever so slightly in the first quarter, but there is hope: the predictions are that our economy will pick up in the second half of the year, with Nedbank predicting a 0.9% GDP growth for this year.The SARB business cycle...
by Daan Steenkamp | Jun 2, 2024 | Business, Practice, Property, Snippet
Business Trends: Our SARB Governor says that our economy is not growing – at 0.6% growth thus far this year – and our living standards are falling. Taking inflation into account it is said that South Africans now earn on average what we did in 2006. Growth is limited...
by Daan Steenkamp | May 13, 2024 | Business, Practice, Property, Snippet
Economy/business Trends: The first quarter, economically speaking, has come and gone. Data from Stats SA show a steep drop in manufacturing output, primarily owing to a steep decline in the production of motor vehicles and accessories. Unfortunately, this decline is...
by Daan Steenkamp | Apr 28, 2024 | Business, Practice, Property, Snippet
Practice News: RAF (en route to newsmaker of the year) The RAF has a backlog of 321000 claims. The application to review the AG’s disclaimer of the RAF’s 20/21 annual financial results, has been set aside.The RAF reacted to this judgement by stating that the court had...
by Daan Steenkamp | Apr 14, 2024 | Business, Practice, Property, Snippet
Business Economic trends (grim and getting worse): Our economic growth is painfully slow (the World Cup bank is optimistic in setting a recovering growth rate edging to 1%) With inflation edging up towards the 6% the upper range target of the Reserve Bank is a portend...
