by Daan Steenkamp | Feb 23, 2022 | Business, Economy, Practice, Property, Snippet
Economy This week our Minister of Finance will explain his budget to us. Have you ever wondered why we trail comparable countries in development? Consider the graph below: a hundred years ago, we were more or less on par with other colonial countries, yet we lag their...
by Daan Steenkamp | Feb 17, 2022 | Business, Economy, Practice, Property, Snippet
Economy The value of the Rand, to some extent, reflects how others see us. For years the Big Mac index has been the laymans rule of thumb to the purchasing power of our currency. That index currently holds that a big Mac costs 55% less here than in the US. Who, at our...
by Daan Steenkamp | Feb 6, 2022 | Business, Economy, Practice, Property, Snippet
Economy ReviewTheFuel# is a petition started by the AA for a review (read lowering) of the fuel price structure to take pressure off consumers. Fanciful: our state is virtually broke and just this tax raises R85bn which is solely needed by those who govern for...
by Daan Steenkamp | Feb 3, 2022 | Business, Economy, Practice, Property, Snippet
Economy Performance: Our economy has stabilised and is set for a 1.5 -7% GDP growth this year (the World Bank had said 2.1%). With a population growth of 1.5% and a burgeoning inflation rate, such growth is not going to impact meaningfully on unemployment. Most of the...
by Daan Steenkamp | Dec 10, 2021 | Business, Economy, Practice, Property, Snippet
Economy The primary economic news of this week past must be well known to all those who pay attention; some notables are – That our expected GDP growth for next year is softening, given the expected impact of omicron. That twenty-eight banks have now been drawn into...
by Daan Steenkamp | Dec 1, 2021 | Business, Economy, Practice, Property, Snippet
Economy Been there done that: our roiling markets reflect the uncertainty that another lockdown will do to those sectors of our economy affected most by the Covid pandemic. Think travel/hospitality/tourism. On top of this uncertainty are two negatives that also...
