by Daan Steenkamp | Nov 24, 2021 | Business, Economy, Practice, Property, Snippet
Economy Some salient economic issues are: Old hat, but still – Our Post Office is in financial trouble; unsurprisingly, when last did you post a letter? What is not nice is that the Post Office has not paid over taxes on salaries, despite having deducted this. You try...
by Daan Steenkamp | Nov 10, 2021 | Business, Economy, Practice, Property, Snippet
Economy There are two tenuously related topics in our economic development, which are topical today: The world has been galvanised by the COP26 summit and we will see huge sums being spent on re-energisation. Good; the realisation that our current energy use is...
by Daan Steenkamp | Nov 1, 2021 | Business, Economy, Practice, Property, Snippet
Economy Since 1994, our per capita GDP, compared to the rest of the world, has deteriorated by approximately 20%. Even when compared to the rest of Africa, we have retrogressed. In 1994 Eskom generated more electricity per capita than the rest of the world. Today our...
by Daan Steenkamp | Oct 28, 2021 | Business, Economy, Practice, Property, Snippet
Economy The expected GDP growth in China is down to 4.9% from 7.9 in the preceding quarter. There are several reasons for this, amongst which is an electricity shortage….sound familiar? Much more topical is the ongoing discussion of our inflation rate and what it...
by Daan Steenkamp | Oct 19, 2021 | Business, Economy, Practice, Property, Snippet
Economics The basics (yawn): the IMF upped its estimate of our growth to 5% and BNP expects the Rand to strengthen towards year end. This is broadly in accordance with business expectation for the immediate future. There are, despite the rosier outlook above, several...
by Daan Steenkamp | Oct 13, 2021 | Business, Economy, Practice, Property, Snippet
Economy There’s not much new in circulation regarding our economy other than re-statements of the following: the Reserve Bank saying that SA cannot rely on high commodity prices for our economic recovery; the World Bank projecting our after-CV 19 growth rate at 4.6%;...
