by Daan Steenkamp | Mar 15, 2021 | Business, Economy, Practice, Property, Snippet
Economy Our economy shrank by 7% during 2020 – no longer news but, you might recall that, a year ago, a GDP shrinkage of 7% was the minimum projected loss when lockdown was introduced. Upper GDP loss limits were estimated at some 15%. Even our projected maximum state...
by Daan Steenkamp | Mar 8, 2021 | Business, Economy, Practice, Property, Snippet
Economy At a loss with pension opportunities? It has become clear that South Africa’s financial future is no longer stable. So, where does one invest one’s pension? If you invest here you get tax relief but the investment is risky. If you invest elsewhere you get no...
by Daan Steenkamp | Mar 1, 2021 | Business, Economy, Practice, Snippet
Economy The Rand and our bourse strengthened post Budget, positive growth figures were bandied about and things appeared rosy. Inexplicably (really?) economists are wary ( Reference ) and Fitch has doubts. The fact is that belief will be suspended pending the...
by Daan Steenkamp | Feb 22, 2021 | Business, Economy, Practice, Property, Snippet
Economy Hungry for good news: a somewhat startling prediction, made by PwC, is that our economy should grow by 3.4% overall this year. I confess to being somewhat sceptical as we could, even in recent memory, not get near to this kind of figure. The fact is that our...
by Daan Steenkamp | Feb 16, 2021 | Business, Economy, Practice, Property, Snippet
Economy What’s in a word? Our pretend leaders have this habit of bandying around or repurposing words which I perpetually must look up – the latest crop are: Monetisation Not that new but repurposed – a report held that ACSA will have to monetise its non-core assets....
by Daan Steenkamp | Feb 7, 2021 | Business, Economy, Practice, Property, Snippet
Economy The latest predictions for South Africa’s spend/income ratio are that a deficit of 15.7% to GDP will result in this financial year. This is a given, and not much can be done about this. So, what do we look forward to? FDI is down by 45% on the previous year...
