by Daan Steenkamp | Apr 19, 2021 | Business, Economy, Practice, Property, Snippet
Economy Us ordinary folks reasonably expect the Rand to weaken, our economy and our politics being in tatters and all… Yet the Rand touched its strongest levels in two years this past week: why (in an answer we can all understand)? Because our economy is weak, we...
by Daan Steenkamp | Apr 12, 2021 | Business, Economy, Practice, Property, Snippet
Economy The NUM wants a wage increase of some 68% for the lowest paid miners, up to a minimum wage of R15K per month, with an average of between 15 – 20% for the others. The rationale is said to be the high profit currently made by mining houses: it is true that the...
by Daan Steenkamp | Mar 30, 2021 | Business, Economy, Practice, Property, Snippet
Economy SAL has reduced its liabilities from R38bn to R2.6bn and has cut its workforce by almost 80%. The question now is how it will operate and whether it will really be viable, given that air traffic is expected to remain depressed for years and now it needs...
by Daan Steenkamp | Mar 23, 2021 | Business, Economy, Practice, Property, Snippet
Economy What budget? The ink on the latest budget is hardly dry when we have Ace encouraging students to stand up for their rights to education which he says is ANC policy; Blade immediately folds and extra NSFAS funds are found. Similarly, with the impending lapse of...
by Daan Steenkamp | Mar 15, 2021 | Business, Economy, Practice, Property, Snippet
Economy Our economy shrank by 7% during 2020 – no longer news but, you might recall that, a year ago, a GDP shrinkage of 7% was the minimum projected loss when lockdown was introduced. Upper GDP loss limits were estimated at some 15%. Even our projected maximum state...
by Daan Steenkamp | Mar 8, 2021 | Business, Economy, Practice, Property, Snippet
Economy At a loss with pension opportunities? It has become clear that South Africa’s financial future is no longer stable. So, where does one invest one’s pension? If you invest here you get tax relief but the investment is risky. If you invest elsewhere you get no...
