by Daan Steenkamp | May 27, 2019 | Business, Economy, Practice, Property, Snippet
Economy Despite the exuberance that accompanied the swearing in of our latest Parliament, our economic outlook remains bleak: the OECD now estimates our growth forecast for this year at 1.2%. Kganyago (the governor of the Reserve Bank) forecasts only 1% growth. Heck,...
by Daan Steenkamp | May 20, 2019 | Business, Economy, Practice, Property, Snippet
Economy Stats SA reports that retail sales registered pedestrian growth of just 0.2% yoy for the first quarter of this year. It is estimated that our GDP may have dropped by about 2% quarter-on-quarter. Mining output had plunged 8.1% in February and had contracted...
by Daan Steenkamp | Apr 15, 2019 | Business, Economy, Practice, Property, Snippet
Economy Business confidence dropped further to 91.8% in March, holds the SA Chamber of Commerce’s BCI. The primary factors contributing to this are the Rand exchange rate, interrupted power supply, electricity tariff increases and slowing manufacturing output. On the...
by Daan Steenkamp | Apr 2, 2019 | Business, Economy, Practice, Property, Snippet
Economy Skills: a note written by Bernstein, head of the Centre for Development and Enterprise, attracted my attention: she wrote on what was necessary to prime the virtuous cycle of growth. Our politicians, in seeking to attract votes, make wild promises which can...
by Daan Steenkamp | Mar 24, 2019 | Business, Economy, Practice, Property, Snippet
Economy StatsSA reports that our government’s gross loan debt stands at R2.2trl at present and should stabilise at R3.5tln. This equates to a present debt of R40 000 per person in South Africa. For a country where the long-term per capita income is expected to trend...
by Daan Steenkamp | Mar 11, 2019 | Business, Economy, Practice, Property, Snippet
Economy The KZN in government has ambitions to bulk-buy for spaza shops: socialist drivel from a bunch who cannot properly distribute condoms. Rationality in retreat: the upcoming elections do not serve as a platform to establish a rational and sustainable economic...
