Snippet 2024 – 8

Economy/business Trends: The first quarter, economically speaking, has come and gone. Data from Stats SA show a steep drop in manufacturing output, primarily owing to a steep decline in the production of motor vehicles and accessories. Unfortunately, this decline is...

Snippet 2024 – 7

Practice News: RAF (en route to newsmaker of the year) The RAF has a backlog of 321000 claims. The application to review the AG’s disclaimer of the RAF’s 20/21 annual financial results, has been set aside.The RAF reacted to this judgement by stating that the court had...

Snippet 2024 – 6

Business Economic trends (grim and getting worse): Our economic growth is painfully slow (the World Cup bank is optimistic in setting a recovering growth rate edging to 1%) With inflation edging up towards the 6% the upper range target of the Reserve Bank is a portend...

Snippet 2024 – 5

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...

Snippet 2024 – 4

Economy/business Trends: Inflation is easing (The Shisa Njama index says so!) but our consumers are not generally in great shape.Consensus holds that the first six months of this financial year will be much like the end of last year – we had narrowly escaped...

Snippet 2024 – 3

Business and economy The good news (ignoring angst): The inclusion of this portion of my newsletter was prompted by my perception, 28 years ago, that most attorneys are ignorant of business principles and the economy that underlies business. I suspect that times may...