by Daan Steenkamp | Sep 2, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsA rising economic tide? Shakespeare could have been referring to our economy: “There is a tide in the affairs of men, which taken at the flood, leads on to fortune…”It has been 14 years since our real economy has had a rising tide – but change is...
by Daan Steenkamp | Aug 6, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsBusiness appears to anticipate a repo rate cut in September by our Reserve Bank. Strangely, the Bank of America reportedly expects our Reserve Bank to start cutting interest rates soon – by 25 basis points at each of its following four...
by Daan Steenkamp | Jul 23, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsThe IMF predicts a slowdown of the world economy to 3.2% – KPMG estimates a slowing to 2.5%. Our economy shrank marginally by 0.1% from the expected 0.7% to 0.6% growth in the first quarter of this year – the IMF predicts our growth for the year...
by Daan Steenkamp | Jul 8, 2024 | Business, Economy, Practice, Property, Snippet
Economy/business Trends Our inflation rate seems to be abating with food prices especially having taken a significant turn for the better. The Reserve Bank governor reiterated an intent to lower our inflation rate (some 5.2% in May) to a midpoint average of 4.5. The...
by Daan Steenkamp | Apr 1, 2024 | Business, Economy, Practice, Property, Snippet
Business Trends: Our SARB Governor says that our economy is not growing – at 0.6% growth thus far this year – and our living standards are falling.Taking inflation into account it is said that South Africans now earn on average what we did in 2006. Growth is limited...
by Daan Steenkamp | Apr 1, 2024 | Business, Economy, Practice, Property, Snippet
Economy/business Trends: Inflation is easing (The Shisa Njama index says so!) but our consumers are not generally in great shape.Consensus holds that the first six months of this financial year will be much like the end of last year – we had narrowly escaped...
