by Daan Steenkamp | Jun 8, 2020 | Business, Economy, Practice, Property, Snippet
Economy We need guidance? “A developmental state does not necessarily mean higher levels of state ownership, but high levels of guidance.” IDC and SA Development Bank chairman, Enoch Godongwana. Eskom: whilst SAA tends to attract more attention, the total debt...
by Daan Steenkamp | Jun 2, 2020 | Business, Economy, Practice, Property, Snippet
Economy News has it that our government is seeking a loan from “multilateral lenders” (whatever that means) to fund the development of “network industries” – read infrastructure. With this comes promises of jobs and so on. I understand that borrowing to pay for...
by Daan Steenkamp | May 25, 2020 | Business, Economy, Practice, Property, Snippet
Economy Big brother: There was a minor rash of businesses being taken on for price gouging during the lockdown. These touch on two related issues being: the business concerned are tagged and fined. If these entities were to dispute the finding against them the cost of...
by Daan Steenkamp | May 18, 2020 | Business, Economics, Practice, Property, Snippet
Economics Economics is the painful elaboration of the obvious …. Last week I attempted to entertain you with bos-sums, which led to rather dismal conclusions and the usual unfortunate comparison with Zim. What now? An SA economist pointed out that only two avenues of...
by Daan Steenkamp | May 10, 2020 | Business, Economy, Practice, Property, Snippet
Economy Please bear with me; I would like to do a bos-som (Rockspider calculation): SA’s GDP is some 350bn $; our tax on this is approximately 28% which equals to about 100bn $. If SARS collects 30% less tax this year, then we will need to borrow about 30bn $ (working...
by Daan Steenkamp | May 4, 2020 | Business, Economy, Practice, Property, Snippet
Economy If – our Treasury predictions come true – between 3m to 7m SA jobs will be lost as a result of the protracted lockdown; a 32% drop in state revenue is expected this tax year. the International Labour Organisation predictions come true, almost half of the...
