by Daan Steenkamp | May 10, 2020 | Business, Economy, Practice, Property, Snippet
Economy Please bear with me; I would like to do a bos-som (Rockspider calculation): SA’s GDP is some 350bn $; our tax on this is approximately 28% which equals to about 100bn $. If SARS collects 30% less tax this year, then we will need to borrow about 30bn $ (working...
by Daan Steenkamp | May 4, 2020 | Business, Economy, Practice, Property, Snippet
Economy If – our Treasury predictions come true – between 3m to 7m SA jobs will be lost as a result of the protracted lockdown; a 32% drop in state revenue is expected this tax year. the International Labour Organisation predictions come true, almost half of the...
by Daan Steenkamp | Apr 27, 2020 | Business, Economy, Practice, Property, Snippet
Economy Everyone is suddenly an economist and the topic has become quite overtrodden: the fact is that throwing borrowed money at the lockdown has two essential difficulties associated therewith: our same sub-optimal and corrupt administration has to administer/dole...
by Daan Steenkamp | Apr 20, 2020 | Business, Economy, Practice, Property, Snippet
Economy It’s the economy, stupid. A phrase coined by Carville and made famous by Clinton: a couple of weeks ago, the functioning of our economy was an arcane topic, entered into by politicians, pretending to be ideologues, to various ends and economists, to whom no...
by Daan Steenkamp | Apr 13, 2020 | Business, Economy, Practice, Property, Snippet
Economy Perspective. Our state, as mentioned last week, had a mere half billion Rand to offer as aid following on the pandemic – because it is broke. This week, Eskom said that it will take R56bn from the existing state bailout… not to speak of SAA waiting in the...
by Daan Steenkamp | Apr 7, 2020 | Business, Economy, Practice, Property, Snippet
Economy Price gouging: price gouging is wrong, right? Price gouging is driven by greed and, especially in emergencies, is simply morally wrong. Politicians love such laws as they appear to be defending people suffering from a setback and makes for happy voters –...
