by Daan Steenkamp | May 31, 2022 | Business, Economy, Practice, Property, Snippet
Economy Load shedding has an undeniable effect on our economy. The following post reflects a few estimates on the cost of that impact on our GDP: Reference Business The cancellation of R17bn Rand of SANRAL tenders, predictably has resulted in it potentially being...
by Daan Steenkamp | May 25, 2022 | Business, Economy, Practice, Property, Snippet
Economy The rise in our inflation rate to 5.9% probably prompted the Reserve Bank to raise the Repo rate by a half percent this week past. Why control of the inflation rate matters, is that inflation erodes the value of money and the Reserve Bank mandate is to protect...
by Daan Steenkamp | Apr 19, 2022 | Business, Economy, Practice, Property, Snippet
Economy It would be fair to say a that South Africa was rescued from penury following on lockdown by the mining sector. On the face of it, the mining sector is flying: is this really so? A survey has placed us amongst the world’s ten most unattractive mining...
by Daan Steenkamp | Apr 16, 2022 | Business, Economy, Practice, Property, Snippet
Economy It would appear that a worldwide economic recovery is underway and we are not unaffected by this. Good signs are that our Rand has stabilised and strengthened against other currencies and that both Fitch and Moody’s have upgraded our debt outlook from negative...
by Daan Steenkamp | Apr 5, 2022 | Business, Economy, Practice, Property, Snippet
Economy Broke? A report on Defenceweb dealt with a litany of woes, revolving around funding which has resulted in inadequate training, lack of readiness, the un-serviceability of combat craft and so on. Much the same may be said of our civil service which is well-paid...
by Daan Steenkamp | Mar 29, 2022 | Business, Economy, Practice, Property, Snippet
Economy Topical news is a note on what will happen if Russia defaults on its debts? Exactly this happened in 1998 and interest rates shot up all around the world – ours hit 25%. The suggestion made was that Russia will probably default on its debts in the next month...
