by Daan Steenkamp | Nov 11, 2019 | Business, Economics, Practice, Property, Snippet
Economics Flatlining. On Friday I was again privileged to attend an economic presentation by Nedbank’s Nicky Weimar. She says that our GDP growth, occillates between growth and recession, resulting in an average growth of 1% or less. This stagnation is not in line...
by Daan Steenkamp | Nov 4, 2019 | Business, Economy, Practice, Property, Snippet
Economy Our MTBPS has come and gone; somewhat depressing as it outlines an economy on autopilot. The malaise affecting our economy has not been addressed. The gentle pruning of cost alone will not stimulate our economy and a tax shortfall surely awaits us; hence the...
by Daan Steenkamp | Oct 28, 2019 | Business, Economics, Practice, Property, Snippet
Economics A summary of what went down this week: SA has dropped two places to 84th in the Ease of Doing Business 2020 report, fifth in Africa. We implemented a single reform this year and 4 in the past 5 years. SA still holds the top position in Africa in terms of...
by Daan Steenkamp | Oct 21, 2019 | Business, Economy, Practice, Property, Snippet
Economy A very interesting development in our economic debate is the apparently growing (if grudging) acceptance of the new economic recovery strategy plan flighted by Treasury. When first released in August, this was regarded as a non-sanctioned shot in the dark. Our...
by Daan Steenkamp | Oct 15, 2019 | Business, Economy, Practice, Property, Snippet
Economy Zimbabwe: same old; hyperinflation is now such that the price on the shelf may change before you get to the till. I am gobsmacked by the stupidity of its voters – but then, democracy in Africa has become a joke. Same old: The WBF, in its Global Competitiveness...
by Daan Steenkamp | Oct 7, 2019 | Business, Economics, Practice, Property, Snippet
Economics Our PMI is at its lowest in 10 years; the IIF says that our SOE disaster could push our national debt to 95% of GDP. I seem to recall having read that once over 70% our economy will not recover? Casting around for comments on the topic, reveals that there is...
