by Daan Steenkamp | Oct 24, 2023 | Business, Economy, Practice, Property, Snippet
Economy & business Trends Our exchange rate was trading at its worst level against the dollar since early June this week past. This prompted one writer to start talking currency crash; down from R13.7 in mid-2021 to a current level of about R19.1 to the US $....
by Daan Steenkamp | Sep 7, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: There is little new to report, save to comment that our economy appears to be holding up better than one would have thought – inflation appears to be abating with core inflation dropping. The Rand has strengthened on the back of, amongst...
by Daan Steenkamp | Aug 14, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: Our Rand flattered but deceived: it strengthened but is again weakening on the back of the usual including, surprisingly, a trade deficit. Our S&P PMI is down to its second-lowest level in two years and our manufacturing activity fell...
by Daan Steenkamp | Jul 30, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: The African Development Bank opined that our GDP rate for this year should weaken to 0.2% – the IMF says 0.3%. Yawn. Noteworthy, however, is ADB’s footnote that South Africa is the worst GDP performer in the Southern African region for...
by Daan Steenkamp | Jul 30, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Trends: Our Consumer Confidence Index is at its second lowest level on record. For all practical purposes we are in a technical recession with low growth and high unemployment. Foreign investment in South African bonds is down, as may be seen from...
by Daan Steenkamp | Jun 29, 2023 | Business, Economy, Practice, Property, Snippet
Economy / Business Little interesting news is available on our economic front. The following graph gives our expected GDP growth by the IMF: Other than the dismal news above, is the introduction of a new economic index by, of all entities, Bloomberg. So much for the...
