by Daan Steenkamp | Jul 8, 2019 | Business, Economy, Practice, Property, Snippet
Economy Moody’s reports that South Africa has the highest private sector debt to GDP ratio in sub Saharan Africa at 148%. The next highest is Kenya at 28%. Its conclusion is that the potential for organic growth by banks in South Africa could only be had by...
by Daan Steenkamp | Jul 1, 2019 | Business, Economy, Practice, Property, Snippet
Economy President Mnangagwa says that the re-introduction of the Zimbabwe dollar will be a “return to normalcy”. If one were a sceptic, normalcy means bankruptcy and high inflation. The US dollar is predicted to slide into a modest bear market; i.e. 5 – 10% from...
by Daan Steenkamp | Jun 24, 2019 | Business, Economy, Practice, Property, Snippet
Economy The week before last it was reported that Zimbabwe would be releasing its own currency by year end. It’s interim currency, the RTGS $ has plunged 60% against the US $since February and things are getting worse (its annual inflation reached 97% in May alone)....
by Daan Steenkamp | Jun 17, 2019 | Business, Economy, Practice, Property, Snippet
Economy The SA BER index remained unchanged in Q2 at 28 points. RMB opined that a technical recession for the first half of this year remains a possibility. This week Prof Malikane (Wits) flighted an article on the South African debt situation. He estimates our...
by Daan Steenkamp | Jun 10, 2019 | Business, Economy, Practice, Property, Snippet
Economy Silver bullet economics: post-election economic debate has centred on job creation and the Reserve Bank. Calls are made by a variety of worthies for the Reserve Bank to be privatised, and for it to drop interest rates, create jobs, release its reserves and...
by Daan Steenkamp | Jun 3, 2019 | Business, Economy, Practice, Property, Snippet
Economy Stats SA reports that 44% of SA households receive at least one social grant, up from 30% 15 years ago. This somewhat depressing news prompted me to look further: I was lent a copy of the SA Survey 2019 by the IRR; the statistics are most interesting. Some of...
