by Daan Steenkamp | Oct 15, 2019 | Business, Economy, Practice, Property, Snippet
Economy Zimbabwe: same old; hyperinflation is now such that the price on the shelf may change before you get to the till. I am gobsmacked by the stupidity of its voters – but then, democracy in Africa has become a joke. Same old: The WBF, in its Global Competitiveness...
by Daan Steenkamp | Sep 2, 2019 | Business, Economy, Practice, Property, Snippet
Economy The Treasury this week published its economic stimulus plan. I cannot speak for the efficacy of the plan but, like I suspect most South Africans, recognise that anything in this respect is better than nothing. For political factions to criticise the plan,...
by Daan Steenkamp | Aug 27, 2019 | Business, Economy, Practice, Property, Snippet
Economy Listening to the Prez on the issue of compulsory pension investments in SOEs: his lack of denial would indicate that this proposal is certainly not off the table. Why does the State not invest the pension funds it holds on behalf of state employees in those...
by Daan Steenkamp | Aug 21, 2019 | Business, Economy, Practice, Property, Snippet
Economy South Africans are awash in grim economic news led by a faltering GDP, burgeoning population growth and political incompetency. Some notes on green shoots were published this week past: Citadel reports on high 2018 FDI investment which it believes signifies a...
by Daan Steenkamp | Aug 6, 2019 | Business, Economy, Practice, Property, Snippet
Economy Engineeringnews ran an article by Bloomberg, reporting that foreigners are ditching SA bonds and stocks at the fastest pace on record (i.e. since 1998) and outflows are accelerating. You must love how this is explained: SA’s fundamental picture remains very...
by Daan Steenkamp | Jul 22, 2019 | Business, Economy, Practice, Property, Snippet
Economy This week past newspapers reported that Egypt had floated its currency and accepted the pain that went with that. The result was that Egypt’s inflation slowed to single figures and FDI into Egypt has been higher than anywhere else in Africa. Now in Zimbabwe…...
