by Daan Steenkamp | Jun 8, 2021 | Business, Economy, Practice, Property, Snippet
Economy The sums involved in dodgy and dishonest deals brokered by our political incumbents in government are staggering: just those in Eskom are said to amount to R178bn; easily enough to vaccinate everyone in South Africa against CV 19. Then there is the R500bn lost...
by Daan Steenkamp | May 4, 2021 | Business, Economy, Practice, Property, Snippet
Economy Let’s forget about tomorrow .. Let’s forget about the money.. For tomorrow never comes… (Sinatra) – us old folks would recall. Today’s generation is in the throes of central bank spending like there is no tomorrow and, we are told that if this had not been...
by Daan Steenkamp | Apr 27, 2021 | Business, Economy, Practice, Snippet
Economy Aside from the mining sector, high on a commodity-driven boom, our agricultural sector emerged from the pandemic relatively unscathed: the latest Stats SA figures showed a production expansion of 13.1%. Our Reserve Bank losing its bite? Switch Auctions are...
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...
