by Daan Steenkamp | Aug 3, 2022 | Business, Economy, Practice, Property, Snippet
Economy This week past I was privileged to attend a talk by the Nedbank chief economist Nicky Weimar, who gave an overview on our economy, set against the world economy. Salient points raised by her were: Covid shifted consumer demand from services towards goods –...
by Daan Steenkamp | Jul 26, 2022 | Business, Economy, Practice, Property, Snippet
Economy South African appear to be taking an economic pounding at present. Inflation is at a 13-year high, households are reducing expenditure, including reducing reliance on domestic workers and so on. On the other hand, things are probably not as bad as one might...
by Daan Steenkamp | Jun 28, 2022 | Business, Economy, Practice, Property, Snippet
Economy We have been immersed in Eskom woes for some 15 years and no decisive and thoughtful political initiative has been taken to sort out the problem. The problem is not just Eskom – the problem is our politicians. The Bitcoin price varied from $10k to $60k and...
by Daan Steenkamp | Jun 21, 2022 | Business, Economy, Practice, Property, Snippet
Economy This week past the Prez cited the motor industry as a prime example of the success of state assistance en route to calling for state assistance within our economy (an ideological position). I recalled son number one commenting on such assistance some years...
by Daan Steenkamp | May 31, 2022 | Business, Economy, Practice, Property, Snippet
Economy Load shedding has an undeniable effect on our economy. The following post reflects a few estimates on the cost of that impact on our GDP: Reference Business The cancellation of R17bn Rand of SANRAL tenders, predictably has resulted in it potentially being...
by Daan Steenkamp | May 25, 2022 | Business, Economy, Practice, Property, Snippet
Economy The rise in our inflation rate to 5.9% probably prompted the Reserve Bank to raise the Repo rate by a half percent this week past. Why control of the inflation rate matters, is that inflation erodes the value of money and the Reserve Bank mandate is to protect...
