by Daan Steenkamp | Jun 2, 2020 | Business, Economy, Practice, Property, Snippet
Economy News has it that our government is seeking a loan from “multilateral lenders” (whatever that means) to fund the development of “network industries” – read infrastructure. With this comes promises of jobs and so on. I understand that borrowing to pay for...
by Daan Steenkamp | May 25, 2020 | Business, Economy, Practice, Property, Snippet
Economy Big brother: There was a minor rash of businesses being taken on for price gouging during the lockdown. These touch on two related issues being: the business concerned are tagged and fined. If these entities were to dispute the finding against them the cost of...
by Daan Steenkamp | May 10, 2020 | Business, Economy, Practice, Property, Snippet
Economy Please bear with me; I would like to do a bos-som (Rockspider calculation): SA’s GDP is some 350bn $; our tax on this is approximately 28% which equals to about 100bn $. If SARS collects 30% less tax this year, then we will need to borrow about 30bn $ (working...
by Daan Steenkamp | May 4, 2020 | Business, Economy, Practice, Property, Snippet
Economy If – our Treasury predictions come true – between 3m to 7m SA jobs will be lost as a result of the protracted lockdown; a 32% drop in state revenue is expected this tax year. the International Labour Organisation predictions come true, almost half of the...
by Daan Steenkamp | Apr 27, 2020 | Business, Economy, Practice, Property, Snippet
Economy Everyone is suddenly an economist and the topic has become quite overtrodden: the fact is that throwing borrowed money at the lockdown has two essential difficulties associated therewith: our same sub-optimal and corrupt administration has to administer/dole...
by Daan Steenkamp | Apr 20, 2020 | Business, Economy, Practice, Property, Snippet
Economy It’s the economy, stupid. A phrase coined by Carville and made famous by Clinton: a couple of weeks ago, the functioning of our economy was an arcane topic, entered into by politicians, pretending to be ideologues, to various ends and economists, to whom no...
