by Daan Steenkamp | Aug 14, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: Our Rand flattered but deceived: it strengthened but is again weakening on the back of the usual including, surprisingly, a trade deficit. Our S&P PMI is down to its second-lowest level in two years and our manufacturing activity fell...
by Daan Steenkamp | Jul 30, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: The African Development Bank opined that our GDP rate for this year should weaken to 0.2% – the IMF says 0.3%. Yawn. Noteworthy, however, is ADB’s footnote that South Africa is the worst GDP performer in the Southern African region for...
by Daan Steenkamp | Jul 30, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: Our Consumer Confidence Index is at its second lowest level on record. For all practical purposes we are in a technical recession with low growth and high unemployment. Foreign investment in South African bonds is down, as may be seen from...
by Daan Steenkamp | Jun 29, 2023 | Business, Economy, Practice, Property, Snippet
Economy / Business Little interesting news is available on our economic front. The following graph gives our expected GDP growth by the IMF: Other than the dismal news above, is the introduction of a new economic index by, of all entities, Bloomberg. So much for the...
by Daan Steenkamp | Jun 20, 2023 | Economy, Practice, Property, Snippet
Economy In GEAR? Definitely not: our state is flirting with a recession owing primarily to politics which restrict our growth possibilities. The latest and most visible of this is the possibility of a Putin pass-by which caused the Rand to tank as investors expect...
by Daan Steenkamp | Jun 4, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Our economy is taking a pounding; this has happened before, but the greater threat is that our outlook for recovery is bleak. Consider the following graph and you will note that ours is the only one of the countries listed for which the IMF...
