by Daan Steenkamp | Aug 6, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsBusiness appears to anticipate a repo rate cut in September by our Reserve Bank. Strangely, the Bank of America reportedly expects our Reserve Bank to start cutting interest rates soon – by 25 basis points at each of its following four...
by Daan Steenkamp | Jul 23, 2024 | Business, Economy, Practice, Property, Snippet
Economy/businessTrendsThe IMF predicts a slowdown of the world economy to 3.2% – KPMG estimates a slowing to 2.5%. Our economy shrank marginally by 0.1% from the expected 0.7% to 0.6% growth in the first quarter of this year – the IMF predicts our growth for the year...
by Daan Steenkamp | Jul 8, 2024 | Business, Economy, Practice, Property, Snippet
Economy/business Trends Our inflation rate seems to be abating with food prices especially having taken a significant turn for the better. The Reserve Bank governor reiterated an intent to lower our inflation rate (some 5.2% in May) to a midpoint average of 4.5. The...
by Daan Steenkamp | Jul 1, 2024 | Business, Practice, Property, Snippet
Economy/business Trends: An economic inflection point? From a BusinessTech talk on change, I learnt that from 30 years ago, some 75% of the then JSEs biggest businesses, have not survived. 85% of those then big businesses, have fallen out of the JSE top 100 listed...
by Daan Steenkamp | Jun 5, 2024 | Business, Practice, Property, Snippet
Economy/business Trends: Our economy contracted ever so slightly in the first quarter, but there is hope: the predictions are that our economy will pick up in the second half of the year, with Nedbank predicting a 0.9% GDP growth for this year.The SARB business cycle...
by Daan Steenkamp | Jun 2, 2024 | Business, Practice, Property, Snippet
Business Trends: Our SARB Governor says that our economy is not growing – at 0.6% growth thus far this year – and our living standards are falling. Taking inflation into account it is said that South Africans now earn on average what we did in 2006. Growth is limited...
