by Daan Steenkamp | Jan 1, 2025 | Business, Economy, Practice, Property, Snippet
PropertyTrends:Our residential rental market reflects the increasingly positive market outlook and stood at a record low vacancy rate of 5.07% in Q3/2024.Similarly, Growthpoint reports declining office rental vacancy space, stating that coastal regions outperform...
by Daan Steenkamp | Sep 2, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsA rising economic tide? Shakespeare could have been referring to our economy: “There is a tide in the affairs of men, which taken at the flood, leads on to fortune…”It has been 14 years since our real economy has had a rising tide – but change is...
by Daan Steenkamp | Aug 6, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsBusiness appears to anticipate a repo rate cut in September by our Reserve Bank. Strangely, the Bank of America reportedly expects our Reserve Bank to start cutting interest rates soon – by 25 basis points at each of its following four...
by Daan Steenkamp | Jul 23, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsThe IMF predicts a slowdown of the world economy to 3.2% – KPMG estimates a slowing to 2.5%. Our economy shrank marginally by 0.1% from the expected 0.7% to 0.6% growth in the first quarter of this year – the IMF predicts our growth for the year...
by Daan Steenkamp | Jul 8, 2024 | Business, Economy, Practice, Property, Snippet
Economy/business Trends Our inflation rate seems to be abating with food prices especially having taken a significant turn for the better. The Reserve Bank governor reiterated an intent to lower our inflation rate (some 5.2% in May) to a midpoint average of 4.5. The...
by Daan Steenkamp | Apr 1, 2024 | Business, Economy, 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...
