by Daan Steenkamp | Apr 1, 2024 | Business, Practice, Property, Snippet
Business Trends: The Reserve Bank six-month business cycle indicator has contracted for the first time since May, which points to an economic decline in the months to come. Eina! Our Rand exchange rate weakened on (so say the learned ones) the back of investors...
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...
