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Snippet 2019 – 15

by | May 27, 2019 | Business, Economy, Practice, Property, Snippet

Economy Despite the exuberance that accompanied the swearing in of our latest Parliament, our economic outlook remains bleak: the OECD now estimates our growth forecast for this year at 1.2%. Kganyago (the governor of the Reserve Bank) forecasts only 1% growth. Heck,...

Snippet 2019 – 14

by | May 20, 2019 | Business, Economy, Practice, Property, Snippet

Economy Stats SA reports that retail sales registered pedestrian growth of just 0.2% yoy for the first quarter of this year. It is estimated that our GDP may have dropped by about 2% quarter-on-quarter. Mining output had plunged 8.1% in February and had contracted...

Snippet 2019 – 13

by | May 13, 2019 | Practice, Property, Snippet

Property Updated conveyancing tariff guidelines will come into operation on 1 June. Featherbrooke is a secured residential estate. Burglars gained access and invaded the residence of one of its residents and shot/assaulted the family. The residents sued the estate,...

Snippet 2019 – 12

by | Apr 15, 2019 | Business, Economy, Practice, Property, Snippet

Economy Business confidence dropped further to 91.8% in March, holds the SA Chamber of Commerce’s BCI. The primary factors contributing to this are the Rand exchange rate, interrupted power supply, electricity tariff increases and slowing manufacturing output. On the...

Snippet 2019 – 11

by | Apr 8, 2019 | Practice, Property, Snippet

Property Instant Property Network has started a platform for property transactions using Blockchain: the intent is to create a trusted record which eliminates duplication and middlemen. Whilst firms have been slow in taking up this technology, Barclays and the Royal...

Snippet 2019 – 10

by | Apr 2, 2019 | Business, Economy, Practice, Property, Snippet

Economy Skills: a note written by Bernstein, head of the Centre for Development and Enterprise, attracted my attention: she wrote on what was necessary to prime the virtuous cycle of growth. Our politicians, in seeking to attract votes, make wild promises which can...