by Daan Steenkamp | Feb 3, 2020 | Business, Economy, Practice, Property, Snippet
Economy Only one commentator picked up on the absurdity of the Development Bank of SA loan to SAA: the stated primary purpose of the bank is to promote economic development and growth and to improve the quality of lives of people and promote regional integration...
by Daan Steenkamp | Jan 27, 2020 | Business, Economy, Practice, Property, Snippet
Economy The Mercury described SAA as having gone into a death spiral. Understandably, who wants to book on a plane that might never fly. This will definitely get worse. It appears that the downgrade of our credit rating to junk status is virtually a certainty. The...
by Daan Steenkamp | Jan 20, 2020 | Business, Economics, Practice, Property, Snippet
Economics Same old – plus ça change(for the Lani) ; the self inflicted decline of our economy and, indeed, our state, continues: – our SOE’s are in dire straits and a turnaround is certainly not in sight ; – power outages/loadshedding has become...
by Daan Steenkamp | Nov 25, 2019 | Business, Economy, Practice, Property, Snippet
Economy Past wild claims regarding the cost of corruption in our economy estimated losses in excess of 30% of GDP. The latest on this front is a note from Cliffe Dekker Hofmeyr which holds that we lose about 5% of our revenue yearly as a result of fraud: be careful....
by Daan Steenkamp | Nov 18, 2019 | Business, Economy, Practice, Property, Snippet
Economy Tito Mboweni says that SAA is a vanity that we cannot afford: I cannot help but hope that the mother of all strikes moves management to choose between the horns of the dilemma of either declaring insolvency or fire staff. The fact is that SAA is seriously...
by Daan Steenkamp | Nov 11, 2019 | Business, Economics, Practice, Property, Snippet
Economics Flatlining. On Friday I was again privileged to attend an economic presentation by Nedbank’s Nicky Weimar. She says that our GDP growth, occillates between growth and recession, resulting in an average growth of 1% or less. This stagnation is not in line...
