by Daan Steenkamp | Feb 7, 2021 | Business, Economy, Practice, Property, Snippet
Economy The latest predictions for South Africa’s spend/income ratio are that a deficit of 15.7% to GDP will result in this financial year. This is a given, and not much can be done about this. So, what do we look forward to? FDI is down by 45% on the previous year...
by Daan Steenkamp | Feb 1, 2021 | Business, Economy, Practice, Property, Snippet
Economy Boundaries: economic buzzwords abound. Last year’s fiscal cliff is so…last-year: we are flying; the mere fact that this is a fly-now-pay-later scheme (like the wills Banks give us “for free”) shouldn’t hold us back. Today’s boundary (i.e., thou shalt not...
by Daan Steenkamp | Jan 25, 2021 | Business, Economy, Practice, Property, Snippet
Economy Broke: a year ago, our economy was trundling along without any great prospects but with cracks starting to show. It took a decent crisis, exacerbated by decisions that would probably not be taken again in hindsight to highlight the fragility of our state...
by Daan Steenkamp | Jan 20, 2021 | Business, Economy, Practice, Property, Snippet
Economy Almost as aside, the SEF and SFF obtained a Western Cape High Court order setting aside the 2015 sale of its strategic oil reserves at $31 per barrel to Glencore. The somewhat bland report says that a former SFF executive had unlawfully concluded a series of...
by Daan Steenkamp | Dec 8, 2020 | Business, Economy, Practice, Property, Snippet
Economy The original sin, in economics, is having to borrow in a currency other than your own; especially if your currency may weaken. And we are there despite the fighting talk: politicians tell us that we will (read must) borrow money from the IMF, on our terms....
by Daan Steenkamp | Nov 30, 2020 | Business, Economy, Practice, Property, Snippet
Economy Almost as aside, the SEF and SFF obtained a Western Cape High Court order setting aside the 2015 sale of its strategic oil reserves at $31 per barrel to Glencore. The somewhat bland report says that a former SFF executive had unlawfully concluded a series of...
