by Daan Steenkamp | Jun 20, 2023 | Economy, Practice, Property, Snippet
Economy In GEAR? Definitely not: our state is flirting with a recession owing primarily to politics which restrict our growth possibilities. The latest and most visible of this is the possibility of a Putin pass-by which caused the Rand to tank as investors expect...
by Daan Steenkamp | Jun 4, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business Our economy is taking a pounding; this has happened before, but the greater threat is that our outlook for recovery is bleak. Consider the following graph and you will note that ours is the only one of the countries listed for which the IMF...
by Daan Steenkamp | May 1, 2023 | Business, Economy, Practice, Property, Snippet
Economics / business I chanced upon a term which wonderfully describes our economic situation i.e., polycrises: a convergence in South Africa of once-in-a-generation risks such as the Ukraine war, the recent pandemic and a confluence of self-disruptions such as...
by Daan Steenkamp | May 1, 2023 | Business, Economy, Practice, Property, Snippet
Economy / business The IMF has cut its forecast for global GDP in the next two years by 0.1 percentage and, worse, warned that South Africa’s fiscal position could deteriorate.That organisation has predicted our economic growth to be 0.1% for this year. The fact is...
by Daan Steenkamp | Apr 6, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business The PIC says that blackouts has reduced the size of our economy by a fifth since 2008. This ,and other policy and political issues (naturally in this country!), has resulted in our GDP growth forecasts for this year, ranging from an optimistic...
by Daan Steenkamp | Mar 13, 2023 | Business, Economy, Practice, Property, Snippet
Economy and business We are on the cusp of a mild recession, and this is reflected in our latest global financial ranking. In such circumstances, businesses plan according to Treasury and SARB predictions. The question we should ask ourselves is whether these...
