by Daan Steenkamp | Apr 1, 2024 | Business, Economy, Practice, Property, Snippet
Business and economy The good news (ignoring angst): The inclusion of this portion of my newsletter was prompted by my perception, 28 years ago, that most attorneys are ignorant of business principles and the economy that underlies business. I suspect that times may...
by Daan Steenkamp | Apr 1, 2024 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: The UN says that our estimated growth for this year will be only 0.5%. Interestingly, it warns against debt sustainability, with 18 African countries recording debt-to-GDP ratios of over 70% – we are there! Inflation: our inflation edged...
by Daan Steenkamp | Dec 17, 2023 | Business, Economy, Practice, Property, Snippet
Economy & Business; Trends: The ABSA PMI for Q3 was downbeat with October at 45.4 (where 50 is neutral). Similarly, it’s Business Confidence index stood at 31 points. Not much good in this. However, there is some good news: The AG reported a noticeable...
by Daan Steenkamp | Nov 26, 2023 | Business, Economy, Practice, Property, Snippet
Economy & Business; Trends: Hearteningly, there appears to be green shoots in what had been rather dismal financial predictions of late. Y-o-y private sector capital expenditure in the last quarter is up by almost a third, FDI has been boosted by our clean-tech...
by Daan Steenkamp | Nov 12, 2023 | Business, Economy, Practice, Property, Snippet
Economy & Business; MTBPS Budget: Our Medium-Term Budget Policy Statement has come and gone and there is little to be said about our economy which is not common news. The following is our Finance Minister’s part-solution to the problem: “We propose a strategy of...
by Daan Steenkamp | Nov 12, 2023 | Business, Economy, Practice, Property, Snippet
Economy & business; Trends: Times are tough, financially speaking, in South Africa today. This is reflected in Famous Brands’ (think Steers, Debonairs, Wimpy, Mug & Bean, FishAways etc.) drop in earnings of late. Government spending and income has been much...
