by Daan Steenkamp | May 1, 2023 | Business, Economy, Practice, Property, Snippet
Economics / business I chanced upon a term which wonderfully describes our economic situation i.e., polycrises: a convergence in South Africa of once-in-a-generation risks such as the Ukraine war, the recent pandemic and a confluence of self-disruptions such as...
by Daan Steenkamp | May 1, 2023 | Business, Economy, Practice, Property, Snippet
Economy / business The IMF has cut its forecast for global GDP in the next two years by 0.1 percentage and, worse, warned that South Africa’s fiscal position could deteriorate.That organisation has predicted our economic growth to be 0.1% for this year. The fact is...
by Daan Steenkamp | Apr 6, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business The PIC says that blackouts has reduced the size of our economy by a fifth since 2008. This ,and other policy and political issues (naturally in this country!), has resulted in our GDP growth forecasts for this year, ranging from an optimistic...
by Daan Steenkamp | Mar 13, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business We are on the cusp of a mild recession, and this is reflected in our latest global financial ranking. In such circumstances, businesses plan according to Treasury and SARB predictions. The question we should ask ourselves is whether these...
by Daan Steenkamp | Mar 13, 2023 | Business, Economy, Practice, Property, Snippet
Economy There is little fresh that a layperson (yes, I am PC) can say about our economy which has not been aired in the past week. What remains is to step back – consider the following graph drawn from Statista: This, accompanied by our debt service costs, drawn from...
