by Daan Steenkamp | Feb 17, 2020 | Business, Economics, Practice, Property, Snippet
Economics The BER announced that it expects our GDP growth to arise to 1.2% next year, double that expected for this year. The fact is that the triple challenge of poverty, inequality and unemployment will not be addressed with economic growth at this rate. The...
by Daan Steenkamp | Feb 10, 2020 | Business, Economics, Practice, Snippet
Economics If we take the state of our economy today, with 18-million people getting social grants, it means reprioritisation of the budgets will not pull us out of that problem. What we need is new capital, capable of creating new jobs and boosting manufacturing.”...
by Daan Steenkamp | Jan 20, 2020 | Business, Economics, Practice, Property, Snippet
Economics Same old – plus ça change(for the Lani) ; the self inflicted decline of our economy and, indeed, our state, continues: – our SOE’s are in dire straits and a turnaround is certainly not in sight ; – power outages/loadshedding has become...
by Daan Steenkamp | Nov 11, 2019 | Business, Economics, Practice, Property, Snippet
Economics Flatlining. On Friday I was again privileged to attend an economic presentation by Nedbank’s Nicky Weimar. She says that our GDP growth, occillates between growth and recession, resulting in an average growth of 1% or less. This stagnation is not in line...
by Daan Steenkamp | Oct 28, 2019 | Business, Economics, Practice, Property, Snippet
Economics A summary of what went down this week: SA has dropped two places to 84th in the Ease of Doing Business 2020 report, fifth in Africa. We implemented a single reform this year and 4 in the past 5 years. SA still holds the top position in Africa in terms of...
by Daan Steenkamp | Oct 7, 2019 | Business, Economics, Practice, Property, Snippet
Economics Our PMI is at its lowest in 10 years; the IIF says that our SOE disaster could push our national debt to 95% of GDP. I seem to recall having read that once over 70% our economy will not recover? Casting around for comments on the topic, reveals that there is...
