by Daan Steenkamp | Dec 8, 2020 | Business, Economy, Practice, Property, Snippet
Economy The original sin, in economics, is having to borrow in a currency other than your own; especially if your currency may weaken. And we are there despite the fighting talk: politicians tell us that we will (read must) borrow money from the IMF, on our terms....
by Daan Steenkamp | Nov 30, 2020 | Business, Economy, Practice, Property, Snippet
Economy Almost as aside, the SEF and SFF obtained a Western Cape High Court order setting aside the 2015 sale of its strategic oil reserves at $31 per barrel to Glencore. The somewhat bland report says that a former SFF executive had unlawfully concluded a series of...
by Daan Steenkamp | Nov 24, 2020 | Business, Economy, Practice, Property, Snippet
Economy This week past Mr Ramaphosa, seeking investments, said that our state needs to be recalibrated and refocused; its capability having been deeply compromised. This view is shared by Business Maverick which ran an article headed: We are in such a deep hole that...
by Daan Steenkamp | Nov 16, 2020 | Business, Economy, Practice, Property, Snippet
Economy Spending more: South Africa is burning up money it does not have at the rate of R2.1bn per day and has extended social assistance payments. The Fiscal Cliff Study Group has said that our public sector remuneration, social assistance payments and debt service...
by Daan Steenkamp | Nov 2, 2020 | Business, Economy, Practice, Property, Snippet
Economy Res non verba is the motto of our family crest of arms, which my old man was desperate to perpetuate and I, probably the least suitable in our family (heck, my sister was bigger than I!), am the only surname bearer to produce sons (explained by the 1-sock...
by Daan Steenkamp | Oct 26, 2020 | Business, Practice, Property, Snippet
Business Snippets: A newspaper reported that Transnet had made a mistake in rehiring errant CEO Gama – a mistake! The taxi industry declares itself ready for regulation – amazing! Eskom accepts renewable energy then discovers this that its network cannot handle a...
